Tens

Talks lead to 45-day extension to shaky truce between Israel and Hezbollah militant group, state department saysIsrael and Lebanon have agreed to a 45-day extension of their ceasefire after another round of talks in Washington, the US state department has said.It came after two “productive” days of talks, and more negotiations would be held from 2-3 June, the department spokesperson Tommy Pigott said. Continue reading...

• President Trump arrived in Beijing for a two-day summit with Chinese leader Xi Jinping on May 14, 2026, amid geopolitical tensions including the ongoing Iran war that began in February and disputes over Taiwan's status. • Xi warned Trump that mishandling Taiwan could lead to "an extremely dangerous situation," while Trump stated that Xi ruled out providing military equipment to Iran during their talks, calling it "a big statement." • The summit focuses on trade demands, with Trump pressing Xi to "open" China to U.S. business, though breakthrough agreements appear unlikely as both sides prioritize stability over major concessions.

• Diplomatic efforts between the United States and Iran have advanced ceasefire talks, with both nations signaling willingness to negotiate a formal agreement to end months of escalating regional conflict. • Officials from both countries met in a neutral location this week to discuss terms, including sanctions relief, prisoner exchanges, and military de-escalation measures along disputed maritime boundaries. • The ceasefire proposal carries significant implications for global oil markets, international shipping routes, and broader Middle Eastern stability, with analysts warning that failure could trigger wider regional conflict.

Russia has deployed more than 1,500 drones in the last two days, according to Ukraine’s president Volodymyr ZelenskyyAfter a tense day of intense attacks on Wednesday, Russia has continued its strikes on Ukraine overnight, with at least one dead and 40 injured in the capital, Kyiv, after reported hits on civilian infrastructure.Ukraine’s president Volodymyr Zelenskyy responded to the strikes, saying:“These are definitely not the actions of those who believe the war is coming to an end. It is important that partners do not remain silent about this strike.” Continue reading...

• US President Donald Trump arrived in Beijing on May 13, 2026, for a state visit and high-level talks with Chinese President Xi Jinping addressing major bilateral and global issues. • Key agenda items include US-China trade disputes, rare earth minerals supply chains, Taiwan's political status, artificial intelligence competition, and the ongoing Iran conflict. • The summit represents a critical diplomatic engagement aimed at managing US-China strategic competition and reducing military escalation risks.

Medicare has already paused hospice and home healthcare agency signups as potential fraud is investigatedUS politics live – latest updatesJD Vance has threatened to “turn off” federal funding for government health insurance programs in states that refuse to comply with the Trump administration’s crackdown on suspected fraud.States which fail to “get serious” about fraud would lose Medicaid and Medicare funding, the US vice-president announced on Wednesday, sparking fresh accusations that Trump officials are using unfounded allegations to punish political rivals. Continue reading...

• U.S. stock markets declined Tuesday with the S&P 500 falling 0.9% from record highs as technology stocks weakened and oil prices continued rising amid uncertainty over the Iran conflict. • Benchmark U.S. crude jumped $3.43 to $101.50 per barrel, while Brent crude climbed $3.62 to $107.83 per barrel, as President Trump said the U.S.-Iran ceasefire was on "life support" after rejecting Iran's latest peace proposal. • Brent crude has surged 50% from pre-war levels around $70, contributing to inflation pressures globally and straining U.S. households through higher gasoline and goods prices tied to new tariffs.

• Good government group Common Cause has moderated its aggressive redistricting advocacy after previously drawing controversy by equating California Governor Gavin Newsom with Texas Republicans on the issue. • The organization faced backlash for its comparison, which critics said was factually misleading and damaged its credibility as a nonpartisan reform advocate. • Common Cause's shift reflects growing debate within the progressive community about whether national redistricting standards should apply uniformly or account for state-specific contexts.

• Indian equities are expected to remain highly sensitive to geopolitical developments this week, with markets tracking the ongoing US-Iran situation and fluctuating crude oil prices that could trigger sharp movements in large-cap stocks. • Foreign investors have withdrawn Rs 14,231 crore from Indian equities so far in May amid global macroeconomic uncertainties, signaling reduced confidence in the market amid external headwinds. • Key macroeconomic releases this week include India's April CPI inflation data and US inflation prints (CPI and PPI), which analysts warn could materially shape Federal Reserve rate-cut expectations and global risk sentiment.

Israeli PM says he has ‘full coordination’ with US president amid reports that Washington no longer consults himBenjamin Netanyahu interrupted an uncharacteristically long silence over the Iran conflict this week with a video commentary insisting he had “full coordination” with Donald Trump, with whom he spoke “almost daily”.The insistence that all was rosy in the US-Israeli relationship followed weeks of reports in the domestic press that Israel was no longer being consulted over the Iran conflict, and even less over Pakistani-brokered peace talks. Such is the scepticism over Netanyahu’s trustworthiness among the general public and independent press that the immediate reaction among observers to his video statement was speculation that the reality could be even worse than they had imagined. Continue reading...

Analysis commissioned by independent senator found national science agency’s funding is at its lowest since 1978Get our breaking news email, free app or daily news podcastThe Albanese government will boost funding to CSIRO by $387.4m in a bid to meet the long-term costs of the national science agency.It follows months of advocacy by scientists and staff after hundreds of job cuts and cost-cutting measures. Continue reading...

• The Pentagon disclosed a large collection of UFO-related documents on May 8, 2026, at 10:04 AM EDT, as reported by Politico. • The release includes previously classified files but provides no new explanations for unidentified aerial phenomena, according to government statements. • This action fulfills long-standing demands for transparency on UAP sightings, potentially influencing public discourse and future congressional inquiries.

• Asian stock markets fell broadly on Friday as renewed clashes between the US and Iran strained ceasefire efforts, with missile and drone attacks prompting US retaliatory strikes on Iranian military facilities. • Tokyo's Nikkei 225 dropped 1.1% to 62,174, retreating from a record high of 62,833 reached Thursday, while SoftBank Group lost over 5% and Hong Kong's Hang Seng fell 1.3% to 26,289. • Oil prices climbed amid Middle East uncertainty, with Brent crude rising 1.1% to $101.13 per barrel—roughly 44% higher than pre-war levels in late February.

• The US military carried out strikes targeting Iranian facilities in the Strait of Hormuz area on May 7, 2026, according to Pentagon statements, marking a significant escalation in ongoing US-Iran hostilities. • Iran's state media claimed the US violated a ceasefire agreement by targeting an Iranian tanker, while the Pentagon stated it targeted Iranian facilities responsible for attacks on US forces. • The strikes occur amid negotiations over a potential nuclear deal, with Trump having previously issued ultimatums to Iran and allies, raising concerns about the fragility of diplomatic efforts.

• Asian stock markets retreated from recent record peaks as escalating Middle East tensions revived concerns over crude oil supply disruptions and energy price stability. • The geopolitical escalation triggered steep losses in oil markets, reversing earlier gains and creating volatility across regional equity indices. • Rising energy supply concerns underscore the fragility of the recent market rally despite strong AI sector performance, with investors reassessing risk exposure to conflict-affected regions.

Turmoil and violence rocks state since prime minister Narendra Modi’s party claimed victory in legislative electionTensions have been high in the Indian state of West Bengal after a top political aide from Narendra Modi’s party was shot dead in the street and hundreds were arrested as violence broke out following elections this week.The prime minister’s Bharatiya Janata party (BJP) claimed victory in the West Bengal elections on Monday, defeating Trinamool Congress (TMC), which had ruled over the state legislature for 15 years. Continue reading...

• President Trump warned Iran on Wednesday of 'higher level' military strikes if it refuses a peace deal, while deeming direct talks in Pakistan 'too soon' amid reported negotiation progress to end the war. • The U.S. paused the brief Project Freedom mission to guide ships through the Strait of Hormuz after Iranian attacks on vessels and U.S. Gulf allies resumed, marking the first in nearly a month. • Secretary of State Marco Rubio accused Iran of holding the global economy hostage by threatening ships, laying sea mines, and imposing tolls on the vital waterway, calling the upcoming U.N. resolution a key test.

• 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.

Profits jump to £122m at ticketing retailer but it expects flat or declining revenues over the coming year Business live – latest updatesTrainline has said the US standoff with Iran is hitting its revenues, with rail ticket sales to foreign visitors to Europe affected.The UK-based ticketing retailer said it expected revenues to stay flat or decline over the coming year, citing “the effects of geopolitical tensions in the Middle East on inbound air traffic into Europe”. Continue reading...

• Security measures have been significantly ramped up across the United States, Canada, and Mexico ahead of the upcoming World Cup tournament scheduled to take place across the three nations. • Law enforcement agencies are coordinating multijurisdictional efforts to address potential security threats, including counter-terrorism operations and border security enhancements. • The heightened security reflects concerns about large-scale public events and cross-border movement during the tournament, with particular focus on protecting stadiums and fan zones.

• Market participants are repositioning portfolios toward companies with strong pricing power and defensive characteristics as geopolitical tensions in the Middle East persist. • Artificial intelligence-related equities continue attracting investor attention as a growth hedge against macroeconomic uncertainty. • The investment rotation reflects concerns about inflation persistence and the need for portfolio resilience in volatile market conditions.

• Thailand's foreign minister requested ASEAN-level discussions with his Myanmar counterpart to address escalating conflicts and diplomatic standoffs in the region. • The initiative comes in response to recent attacks and instability in Myanmar, prompting broader calls for coordinated ASEAN intervention. • This move highlights Thailand's leadership role in ASEAN diplomacy, aiming to prevent spillover effects on Southeast Asian security and trade.

• UBS, a Switzerland-based global financial firm, has lowered its GDP growth forecast for India in FY27 to 6.2 percent, representing a downward revision of 50 basis points due to intensifying oil crisis triggered by global tensions. • The Swiss brokerage attributes the slowdown to prolonged energy crisis stemming from Middle East conflict, severe supply chain disruptions, and rising inflation pressures across the Indian economy. • This downgrade reflects concerns about India's economic resilience amid external shocks, though the 6.2% growth rate still positions India among faster-growing major economies globally.

Jonathan Rinderknecht’s attorneys say he’s being used as scapegoat for Los Angeles fire department’s failure to fully extinguish earlier blazeSign up for the Breaking News US email to get newsletter alerts in your inboxThe man accused of sparking the deadly Palisades fire in Los Angeles was upset over a failed relationship and his lack of plans for New Year’s Eve – and he ranted about being angry at the world before the initial blaze was ignited, according to court documents filed by prosecutors.Jonathan Rinderknecht, 29, has pleaded not guilty to starting what became one of the most destructive wildfires in California history. It began on 7 January 2025 in the hillside neighborhoods of Pacific Palisades and Malibu and killed 12 people. Prosecutors say Rinderknecht started a fire on 1 January that burned undetected deep in root systems before flaring back up a week later. Continue reading...

The launch of ‘Project Freedom’ in the strait of Hormuz has brought the region back to the brink of full-scale war. Plus: The electoral battle for CongressGood morning.Donald Trump has again raised the stakes in the Gulf region with the Monday launch of “Project Freedom” to open a route through the strait of Hormuz. More than 800 ships and roughly 20,000 crew members remain stranded in the region.Have any vessels made it out of the strait? US Central Command (Centcom) said two US-flagged merchant vessels had “successfully transited” the strait, but Iran has denied this claim. Late on Monday, the container shipping company Maersk said the Alliance Fairfax – a US-flagged vehicle carrier – exited the Gulf. Shipping industry experts remain skeptical about whether vessels will be able to travel safely to and from the Gulf under Trump’s plan.This is a developing story. Follow the liveblog here.How will this play into the overall battle for Congress? Red states, including Alabama and Tennessee, are rushing to revise their congressional maps after the original supreme court decision. On Monday, Ron DeSantis, the Florida governor, signed a gerrymandered congressional district map into law that gives Republicans an electoral advantage in four additional races in November’s midterm elections.How are Democrats fighting back? Eight candidates have been added to their slate of top contenders vying to reclaim a Democratic House majority in November’s midterm elections.When do voters head to the polls? Ohio voters will today select candidates before November’s midterm elections, including the candidates for Ohio’s Senate special election. Indiana voters also go to the polls today, with seven Republican state senators battling for re-election against candidates backed by Trump. Continue reading...

• Oil prices jumped above $100 per barrel and broke through $115 as Iran controls the Strait of Hormuz, with Brent crude rising 6% amid U.S. efforts to free up shipping lanes. • The S&P 500 fell with all 11 sectors declining except energy (+0.9%); Dow Jones dropped approximately 1%, while Asia ex-Japan surged 2.8% led by KOSPI's 5% gain to new highs. • U.S. Treasury yields climbed across the curve by 7-10 basis points, with the 30-year Treasury clearing 5.0% as inflation pressures mount and the USD index moved higher above 98.