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• Iranian and Egyptian foreign ministers held a phone call on Sunday, May 10, 2026, to address latest regional developments and ongoing diplomatic efforts between Tehran and Washington mediated by Pakistan. • The discussions occur amid heightened uncertainty in ceasefire diplomacy following US President Donald Trump's rejection of Iran’s latest response to a US proposal as “totally unacceptable.” • This outreach signals Egypt's potential role in bridging divides between Iran and the US, amid escalating Middle East tensions involving Pakistan as a key intermediary.

Airport reports 5% decline but transit passenger business rises as fliers use hub to avoid Middle East airportsBusiness live – news updatesThe number of passengers flying from London Heathrow fell last month, as war in the Middle East weighed on demand for international travel.About 6.7 million people flew through the airport in April, a 5% drop compared with the same period last year. Continue reading...

• The United States has closed its consulate in Peshawar, Pakistan, transferring all diplomatic functions and responsibilities to the main embassy in Islamabad. • The consolidation reflects the U.S. government's restructuring of its diplomatic footprint in Pakistan and aims to streamline operations. • The move impacts diplomatic engagement in northwestern Pakistan, a strategically important region bordering Afghanistan.

• Laos is ramping up regional diplomacy before the 48th ASEAN Summit in Cebu on May 7-8, with Foreign Minister Thongsavanh Phomvihane visiting Indonesia for bilateral talks. • Discussions covered trade, investment, tourism, human resource development, and broader ASEAN priorities, including meetings with business groups and the ASEAN Secretariat. • Prime Minister Sonexay Siphandone will lead Laos at the summit, focusing on unity amid geopolitical tensions in Southeast Asia.

• Chinese President Xi Jinping hosted Vietnamese Communist Party General Secretary To Lam in April 2026, marking To Lam's first international trip in his new role and signaling Beijing's emphasis on party-to-government relations with Hanoi. • The two countries signed 32 bilateral agreements, more than double the 14 agreements reached during To Lam's 2024 visit, covering trade, investment, and strategic cooperation across multiple sectors. • Beijing is leveraging Vietnam's socialist governance model as common ground for deepening ties, while also pursuing enhanced regional connectivity through infrastructure projects like Malaysia's East Coast Railway Line to bind Southeast Asia closer to China.

• Nasdaq and S&P 500 declined on May 4, 2026, following UAE's report of intercepting missiles from Iran amid escalating regional tensions. • Move counters last week's gains where NASDAQ posted a 10-day winning streak led by mega-cap tech on AI optimism and earnings. • Oil and US dollar rose, while gold and silver fell as investors favored risk assets despite conflict worries.

• Infosys reported Q4 net profit up 21% to Rs 8,501 crore, though shares fell 3.6% on weak revenue guidance. • IT sector faces pressure from BFSI weakness and higher costs, impacting peers like Cyient. • Results highlight mixed quarterly outcomes in tech amid global demand shifts.