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Oil tankers may be stuck behind strait of Hormuz, but holding the Iata AGM in Brazil defies warnings of impending shortagesNothing says jet fuel crisis, as one prospective attender put it, like flying everyone to Rio de Janeiro. Aviation leaders will converge in Brazil this weekend for the Iata AGM, the annual global airline summit, with the industry still, for the most part, looking resolutely skyward.The oil tankers may still be stuck behind the strait of Hormuz as the conflict between the US, Israel and Iran flickers on, but for now, airlines continue to defy dire warnings of impending shortages which had stoked fears of a summer of chaos for European holidaymakers. Continue reading...

• K-pop group Le Sserafim discusses how embracing humor and accepting their flaws has propelled the band to a new level of professional success. • The group's 2024 track "Crazy" drew inspiration from New York ballroom culture, while their 2025 release "Come Over" was produced by the British dance act Jungle. • This shift in mindset and musical direction highlights the band's evolution toward more experimental sounds and a more authentic public image.

• A new series produced in partnership with the AI Now Institute examines the current state of the European AI market and challenges assumptions found in EU policy documents. • The series highlights strategic partnerships between European firms and US tech giants, such as DeepL with Amazon Web Services and Mistral with Nvidia. • It explores the competitive pressures facing regional startups, illustrating how US-based companies like Anthropic may threaten the market share of smaller players like Sweden's Lovable.

• NASA engineers have successfully completed the final inspection of the Nancy Grace Roman Space Telescope's primary mirror, which passed all tests. • Following this final check, the telescope is now being prepared for shipment to its designated launch site in Florida. • This milestone ensures the telescope's optical systems are fully operational before it begins its mission to study dark energy and exoplanets.

• The U.S. Trade Representative (USTR) is considering imposing additional tariffs of 12.5% on India and 53 other nations as part of a Section 301 investigation. • In response to these potential duties, India is seeking to resolve the dispute through strategic trade negotiations and agreements. • This move comes amid broader economic tensions and the potential for increased protectionism under a possible second Trump administration.

Democrats seek to oust Republicans in New Jersey and Iowa, while other major races remain up in the airVoters in Tuesday’s primary elections across the US chose candidates who could flip critical districts in the US House and Senate in November, setting up a series of high-stakes general election contests in a midterm year expected to favor Democrats.Among the most watched races are: a New Jersey Democrat who could oust a Republican incumbent absent with a mystery medical issue for months; several Iowa Democrats hoping to flip their red-leaning state; and California’s redrawn maps that have given Democrats an advantage in the heavily blue state. Continue reading...

The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spotGet our breaking news email, free app or daily news podcastThe economy slowed sharply in early 2026 and Australians’ living standards are once again going backwards.At the risk of upsetting the treasurer by “talking down the economy”, as he put it, there wasn’t all that much to love in the latest national accounts. Continue reading...

• Foreign investors' net equity holdings in India have plummeted to their lowest levels since 2016. • This decline is driven by global capital shifting toward AI, semiconductors, and tech-led growth in markets such as Taiwan and South Korea. • The trend is further exacerbated by slowing corporate earnings and macroeconomic pressures linked to oil prices, leading to muted Foreign Portfolio Investment (FPI) flows.