Saudi Arabia, Turkey, and Pakistan have signed a trilateral defence agreement to strengthen collective security amid ongoing conflict involving Iran, with a focus on mutual defense against aggression and promoting regional stability.
WA Energy Minister Amber Sanderson says power shortages hinder a proposed oil refinery at Oakajee, as Commonwealth and state launch $4M pre‑feasibility study for sites including Mid West and South West.
Air India has extended its Tel Aviv-Delhi flight suspension until the end of September due to escalating military activity and security concerns in West Asia, impacting over 40,000 Indians in Israel.
Indian hospitality professionals, architects, and designers are increasingly returning home from West Asia due to regional tensions, industry slowdowns, pay cuts, and fewer tourists. India's expanding hospitality sector offers more senior leadership and growth opportunities, attracting talent back.
Tata Consultancy Services is deferring projects in key sectors due to macroeconomic uncertainties stemming from the West Asia conflict. The IT giant reported flat sequential growth and a 13.9% year-on-year increase in rupee terms, with expectations of improvement in Q2 driven by a growing AI deal pipeline of $2.6 billion.
India's manufacturing sector anticipates a slowdown in April-June FY27 due to West Asia tensions affecting business confidence. Despite this, strong domestic demand provides resilience, though production and order book expectations have softened. Export performance shows improvement, but cost pressures and hiring plans are dipping.
Russian President Vladimir Putin assures that Russia's security, citizen safety, and border integrity will be maintained despite Western sanctions and alleged Ukrainian terrorist attacks.
India's goods exports surged nearly 15% in the first two-and-a-half months of the current financial year, driven by strong oil exports and new trade agreements. Minister Piyush Goyal anticipates continued growth, with the UK FTA operational from July 15 and EU FTA expected by February-March.
Russia's ambassador to Havana, Viktor Coronelli, pledged continued political and financial support for Cuba, despite facing its own sanctions. Events are planned to celebrate Fidel Castro's 100th birthday and Russia's role as guest of honor at the Havana International Book Fair.
The Maltese-flagged LNG carrier 'Disha' arrived at Dahej Port, India, carrying 62,370 metric tonnes of LNG. The vessel successfully navigated the Strait of Hormuz amid regional tensions, marking a resumption of shipping traffic through the critical route for India's energy imports.
India's Finance Minister Nirmala Sitharaman announced plans for additional measures to boost foreign capital inflows, following recent tax relief and banking regulator initiatives. The government aims to attract more foreign investment to strengthen the Indian market amid the West Asia war.
RBI maintains repo rate at 5.25% due to West Asia conflict's impact on energy prices and inflation, affecting India's import-dependent economy. Home and business loan rates to remain stable.
India and Australia emphasized maritime security, freedom of navigation, and a free Indo-Pacific during their second Defence Ministers' Dialogue. They discussed enhancing maritime domain awareness and collaboration.
Russia and the Philippines are strengthening their economic partnership despite Western sanctions, according to Russian Deputy Foreign Minister Georgy Borisenko. He highlighted the effective work of the intergovernmental commission on trade and economic cooperation.
Iran's IRGC claimed to target a US military base, while the US announced self-defense strikes on Iranian radar and drone facilities. Kuwait reported drone and missile attacks. Tensions rise amid ongoing ceasefire negotiations.
Indian banks anticipate asset quality stress from Q2 due to the West Asia conflict, rising fuel prices, and input costs. SMEs are particularly vulnerable, leading lenders to become cautious. This is expected to reflect in upcoming financial results.
Petrol and diesel prices saw a third hike in under 10 days, with prices rising by up to 87 paise for petrol and 91 paise for diesel per litre. This surge is attributed to escalating global crude oil prices driven by the West Asia conflict and disruptions at the Strait of Hormuz.
Senegal's PM Ousmane Sonko defended a new anti-LGBTQ law, accusing Western nations of imposing foreign values. The law, enacted by President Faye, increases penalties for same-sex relations and promoting them, leading to arrests and international concern from UN rights chief Volker Turk.
O Distrito Federal oferece uma agenda cultural diversificada entre sexta (22) e domingo (24), com shows de Guilherme Arantes, Porão do Rock, Brasília 66, exposições de arte, peças teatrais e feiras.
India's Civil Aviation Minister Kinjarapu Rammohan Naidu advised vigilance regarding the West Asia crisis fallout, though not currently worrisome. Measures are in place to control domestic airfares, with plans to increase flights if demand rises. An aircraft accident investigation is nearing completion.
India's Civil Aviation Minister Kinjarapu Rammohan Naidu advised vigilance regarding the West Asia crisis fallout, though not currently worrisome. He assured measures are in place to control domestic airfares and increase flights if demand rises. An aircraft accident investigation is nearing completion.
PM Modi urged Indians to curb foreign travel for a year to boost domestic tourism, conserve foreign exchange, and reduce import bills amid the West Asia crisis. Industry experts anticipate a surge in local travel, benefiting airlines, hotels, and tour operators.
Russian PM Mikhail Mishustin announces shift from seeking Western product replacements to producing domestic alternatives, emphasizing technological independence.
PM Modi to lead Council of Ministers meeting on May 21 to accelerate reforms, simplifying rules for ease of doing business and living, amid West Asia crisis.
