China tightens its grip on global shipbuilding, grabbing 85% of new orders
China’s shipyards secured a staggering 85 per cent of global orders in the first quarter, as demand for oil tankers surges amid the Iran war
· Carol Yang
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Newest first · UTC+11:00China tightens its grip on global shipbuilding, grabbing 85% of new orders
China’s shipyards secured a staggering 85 per cent of global orders in the first quarter, as demand for oil tankers surges amid the Iran war
· Carol Yang
EU sanctions Hamas leaders and Israeli settlers, but shelves stronger economic pressure
European Union foreign policy chief Kaja Kallas speaks with the media as she arrives for a meeting of EU foreign ministers at the European Council building in Brussels, Monday, May 11, 2026. (AP Photo/Marius Burgelman)
· Sam Mcneil
Aramco CEO Says Energy Market May Not Normalize Until 2027 Amid Billion-Barrel Supply Shock
From the Trump administration's recent Project Freedom push to mounting warnings from Wall Street analysts, security experts, energy strategists, and major oil company executives, there is a growing sense that the global energy market is quickly approaching a breaking point due to the heavily disrupted Strait of Hor…
· Tyler Durden
Seven other countries support Luzon Economic Corridor partnership
MANILA, Philippines — The Philippines, United States, and Japan have expanded the Luzon Economic Corridor (LEC) partnership to include Australia, Denmark, France, Italy, South Korea, Sweden, and the United Kingdom (UK), the US Embassy in Manila said.
· Bernadette E. Tamayo
US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates
With the Spring selling season already in tatters, existing home sales were expected to rebound in April very modestly (+2.0% MoM) off recent record lows. However, the rebound was far less than expected, up just 0.2% MoM, which left sales of existing homes unchanged YoY...
· Tyler Durden
France's Macron announces more than €1 billion of investment deals in Kenya
French President Emmanuel Macron urged more investment in Africa on Sunday, as he prepared to co-host the Africa-Forward summit with his Kenyan counterpart.
· AfricaNews
Aramco: current energy supply shock 'largest ever experienced'
Aramco's CEO Amin Nasser said the current energy supply shock which hit during its first quarter is the "largest the world has ever experienced.” He then added that even if the Strait of Hormuz were to open today, it would still require months for markets to restore balance, and that if the Hormuz “disruption” were …
· Middleeasteye
When titans talk: What’s at stake for Trump’s China visit?
Donald Trump is set to touch down in Beijing, China, on Wednesday for a two-day state visit – the first by a US president in eight years – as relations between the world’s two largest economies teeter at a crossroads defined by the Iran war, trade friction, and technological rivalry.
· RT
When titans talk: What’s at stake for Trump’s China visit?
Trump and China’s Xi are expected to discuss the Iran war, AI rivalry, Taiwan, and trade frictions
· RT
‘Unacceptable’: What’s Iran’s peace proposal that Trump has rejected?
United States President Donald Trump has rejected Iran’s response to his latest peace proposal to end the war, which has upended the global economy.
· Priyanka Shankar
Cellular Intelligence strikes deal with Novo Nordisk to advance Parkinson’s cell therapy
Cellular Intelligence has acquired global rights to Novo Nordisk’s clinical‑stage cell therapy program for Parkinson’s disease, a fast-growing neurodegenerative disease that affects close to 12 million people worldwide, the company announced today.
· ANNA AHRONHEIM
Palestine Action’s online map and manual publicly targets Israeli civilians
A public map of companies linked, directly or indirectly, to Israel’s defense industry has turned Palestine Action’s campaign into something more difficult to classify than a protest drive. The map lists companies, suppliers, facilities, and, in some cases, private addresses connected to individuals linked to target…
· GABRIEL COLODRO/THE MEDIA LINE
US-China negotiations seek a quick Seoul search for deals ahead of Trump’s visit
Setting stage for presidential summit with Xi in Beijing, Bessent and He to meet in South Korea, and the ‘3 Bs’ could be on the cards
· Xinyi Wu
US-China negotiations seek a quick Seoul search for deals ahead of Trump’s visit
Setting stage for presidential summit with Xi in Beijing, Bessent and He to meet in South Korea, and the ‘3 Bs’ could be on the cards
· Xinyi Wu
2026 FIFA World Cup betting primer: Odds, trends, picks, and market news with one month to go
There is just one more month to go until co-hosts Mexico take on South Africa at the iconic Estadio Azteca in Mexico City to kick off the 2026 FIFA World Cup.
· Michael Leboff
Gulf turns to Turkey for air defence systems amid Iran threats
As the United States government and defence companies face long backlogs in delivering weapons to their clients, Gulf and Arab states are increasingly signing deals to buy or invest in Turkish arms.
· Middleeasteye
Futures Flat, Oil Jumps After Iran Peace Talks Break Down
US equity futures are off a touch as the US/IranIran failed to consummate a deal, which is boosting Energy commodities and bond yields. Still, stocks have withstood the resulting increase in oil prices and higher bond yields as the market remains focused on the memory/semi stock bubble. As of 8:00am ET, S&P and Nasd…
· Tyler Durden
China’s bond market faces climbing re-defaults as property crisis drags on
Re-defaults erode credit differentiation as homebuyer confidence weakens under slow income growth and high leverage, analysts warn
· Zhu Wenqian
China’s bond market faces climbing re-defaults as property crisis drags on
Re-defaults erode credit differentiation as homebuyer confidence weakens under slow income growth and high leverage, analysts warn
· Zhu Wenqian
Chalmers to launch biggest property tax overhaul of the century in ‘tough decisions’ budget
Treasurer Jim Chalmers will unveil the largest change to property taxes this century, deep cuts to the NDIS and measures aimed at cutting business costs in Tuesday’s budget that will break election promises while mapping out plans to deliver affordable housing to young Australians.
· Shane Wright
Memory Crunch Sends Nintendo Shares Deeper Into Bear Market
Nintendo shares plunged deeper into bear-market territory Monday after the company's full-year operating income forecast missed Bloomberg Consensus estimates. Traders were spooked on soft Switch 2 hardware and software guidance, and the margin squeeze from surging memory-chip costs continues to weigh on earnings, fi…
· Tyler Durden
Trump heads to China this week to meet Xi as Iran war and trade disputes loom over summit – US politics live
It will be the first time a US president has visited China in nearly a decade, with the last visit being Trump in 2017
· Shrai Popat, Simontisdall, Vivian Ho
EU agrees to restore full trade ties with Syria
The European Council has terminated the partial suspension of a cooperation agreement with Syria, thereby restoring fuller trade ties with the country as it seeks to emerge from nearly 14 years of war.
· Al Jazeera
Hong Kong firm eyes untapped market with launch of tailor-made electric minibus
Of the city’s more than 4,000 minibuses, only about 10 are currently electric, according to industry leader
· Eric Jiang
Hong Kong firm eyes untapped market with launch of tailor-made electric minibus
Of the city’s more than 4,000 minibuses, only about 10 are currently electric, according to industry leader
· Eric Jiang
Can Israel’s economy survive after a seven-front war?
What is the state of Israel’s economy after nearly three years of war? As Israel increases its defense budget, weans itself off US aid, and halts the hiring of most Palestinian workers, can its industries continue to survive and thrive?
· MAAYAN HOFFMAN
The Knicks’ wins on and off the court were a gift to fans who finally saw their faith rewarded
For the Knicks fans who still have nightmares about the Antonio McDyess trade; who lived through Isiah Thomas and the baggage that certainly wouldn’t fit in an overhead compartment; who thought both Steve Kerr and Stephen Curry would make the Garden their home; who hoped Carmelo Anthony might solve everything; who t…
· Mark W. Sanchez
Abu Dhabi launches $15bn pipeline of public-private partnership projects | The National
Abu Dhabi has launched Dh55 billion ($15 billion) worth of public-private partnership projects to boost major development in the transport, infrastructure and social sectors.
· Shweta Jain
Three major Japan shipping firms forecast profit falls for fiscal 2026
Three major Japanese shipping companies have projected net profit falls for fiscal 2026, due to rising fuel prices linked to tensions in the Middle East.
· No Author
Buc-ee’s set to debut in 6 new states in major expansion push across US
At least six states are slated to open their first Buc-ee’s locations by the end of next year, including two states expected to debut sites in the coming months of 2026.
· Fox Business
Under-threat UK PM Starmer vows to prove ‘doubters’ wrong
Starmer has failed to spur economic growth and has swerved from one policy misstep to another
· Agence France-Presse
Under-threat UK PM Starmer vows to prove ‘doubters’ wrong
Starmer has failed to spur economic growth and has swerved from one policy misstep to another
· Agence France-Presse
Alphabet set to issue its first yen-denominated bonds
Alphabet is tapping the yen bond market to finance its AI endeavors. (Photo by Kaori Yuzawa)
· Staff Writer
France's Macron defends Europe role in Africa as he seeks reset in Nairobi
French President Emmanuel Macron used a two‑day economic summit in Nairobi, Kenya, to defend Europe’s engagement in Africa, drawing a sharp contrast with China’s approach and urging African leaders to take greater responsibility for governance challenges.
· AfricaNews
Macron defends Europe’s role in Africa as he seeks reset in Nairobi
French President Emmanuel Macron used a two‑day economic summit in Nairobi to defend Europe’s engagement in Africa, drawing a sharp contrast with China’s approach and urging African leaders to take greater responsibility for governance challenges.
· AfricaNews
Democrats are playing with fire in trying to reclaim tax cuts from Republicans
Senator Chris Van Hollen and other Democratic lawmakers are embracing a policy that hardly benefits the middle class
· Eduardo Porter
Bus firms sue NYC anti-idling law that is making ‘bounty hunters’ rich
A coalition of private interstate bus companies is filing a federal lawsuit Monday alleging New York City unfairly hit them with a blizzard of tickets under the Big Apple’s “bounty hunter” idling law to curb pollution.
· Carl Campanile
Texas Gov. Abbott welcomes NY companies after Mamdani demonizes wealthy Big Apple CEO Ken Griffin
Texas Gov. Greg Abbott is welcoming Big Apple companies relocating or expanding in the Lone Star State after New York City Mayor Zohran Mamdani demonized billionaire hedge-fund honcho Ken Griffin for being rich.
· Carl Campanile
Hong Kong helped bankroll Iran’s terror network, bombshell report claims
Hong Kong has become a critical financial and logistical lifeline for Iran’s regime — helping move illicit oil, weapons technology and surveillance tools that fuel Tehran’s military machine and domestic repression, according to a bombshell report set for release Monday.
· Ariel Zilber
Inside Meta’s threat to exit New Mexico over kids safety rules — and whether experts believe the ploy will work
Mark Zuckerberg’s threat to shut down Instagram and Facebook in New Mexico over the state’s demands for kids safety protections is a tactic he has previously used to dodge regulations – but as the lawsuits pile up, experts say the act is wearing thin.
· Thomas Barrabi
Record $30m penthouse sale highlights Queensland’s stark housing divide
A beachfront penthouse on the Gold Coast has smashed Queensland’s off-the-plan apartment price record, selling for $30 million as the state’s prestige property market continues to defy broader cost-of-living pressures.
· Cameron Atfield
Treasury hunts ‘financial efficiencies’ figure as hiring squeeze spreads
Welcome to Brisbane Times’ Queensland public sector column, Public Circus. This week: more budgets bear down, in-house consultants get cracking, an ombudsman out the door, and more.
· Matt Dennien, James Hall
Nintendo plunges 8% after Switch 2 price hike and weak sales forecast
Nintendo shares plunged on Monday after the gaming giant warned sales of its flagship Switch 2 console would fall this fiscal year and after hiking the price of the device due to rising memory costs.
· Arjun Kharpal
(LEAD) Price caps on fuel products to remain in place for some time: finance chief
(ATTN: ADDS additional remarks from the finance minister from 10th para, new photo)By Kim Han-joo
· Kang Jae-eun
Diesel prices to drop, gasoline to rise starting May 12
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· Tati Maligro
Korea growth to top 2%, Kospi still has room to run: Finance Minister
Government to sell 1 trillion won NXC stake, expects tax revenue and FX inflows
· Choi Ji-won
Hong Kong’s Tsim Sha Tsui tops Asia luxury retail rents, but Bond Street world’s priciest
City’s luxury retail shows resilience with rising tourist arrivals and new store openings despite global slowdown, according to Savills
· Cheryl Arcibal
Hong Kong’s Tsim Sha Tsui tops Asia luxury retail rents, but Bond Street world’s priciest
City’s luxury retail shows resilience with rising tourist arrivals and new store openings despite global slowdown, according to Savills
· Cheryl Arcibal
In Malaysia, ex-Proton CEO’s self-reliance sermon spurs backlash: ‘spare us’
The man who once presided over one of Malaysia’s most heavily protected companies has told Malays to stop relying on the state
· Ushar Daniele