Tag: iran israel war

Sri Lanka jolts markets with outsized 100-bp rate hike to counter crisis in West Asia

May 26, 2026 admin

Representative image. Photo: Getty Images/iStockphoto Sri Lanka’s central bank caught markets off-guard by raising its benchmark policy rate by an ‌outsized 100 basis points on Tuesday (May 26, 2026), as policymakers looked to stem inflation and sharp pressure ⁠on the currency from soaring energy prices. The Central Bank of Sri Lanka (CBSL) raised the overnight…

World

‘Positive stride’ taking place towards peace deal between Iran and the U.S., says Iran’s envoy to Pakistan

May 24, 2026 admin

Iranian President Masoud Pezeshkian meets with the Chief of Defence Forces of Pakistan, Field Marshal Asim Munir, in Tehran, May 23, 2026. | Photo Credit: Reuters Iran’s Ambassador to Pakistan, Reza Amiri Moghadam, said on Sunday (May 24, 2026) that a “positive stride” was taking place, apparently towards a peace deal between his country and…

World

Iran signals convergence of views with U.S., says gaps remain

May 23, 2026 admin

Iranian President Masoud Pezeshkian meets with the Chief of Defence Forces of Pakistan, Field Marshal Asim Munir, in Tehran, Iran, May 23, 2026. | Photo Credit: Reuters Iran said on Saturday (May 23, 2026) it was finalising a 14-point framework for a deal with the United States, signalling some convergence in positions while cautioning that…

World

Chennai Port-Maduravoyal corridor sees progress, to be ready in Nov 2027

May 22, 2026 admin

S. Viswanathan, chairperson of the Chennai Port Authority and J.P. Irene Cynthia, managing director of Kamarajar Port Limited addressed the media on Friday. | Photo Credit: RAGHUNATHAN SR About 25-27 % of the work has been completed on the 21-km double-tier Chennai Port-Maduravoyal elevated corridor and it will be ready by November 2027, S. Viswanathan, chairperson…

Nation

Iran-Israel war LIVE: U.S. pins hopes on mediator Pakistan in push to end Iran war

May 22, 2026 admin

Republicans struggled Thursday (May 21, 2026) to find the votes to dismiss legislation that would compel President Donald Trump to withdraw from the war with Iran, delaying planned votes on the matter into June. The House had scheduled a vote on a war powers resolution, brought by Democrats, that would rein in Mr. Trump’s military…

World

GAIL’s fourth quarter net profit dips amid elevated pressure on gas supplies with West Asia conflict

May 21, 2026 admin

In the March-end quarter, GAIL posted a net profit of ₹1,262 crore, which was lower than ₹2,049 crore in the corresponding period last year. Photo credit: Special arrangement State-owned Gas Authority of India Ltd (GAIL)’s net profit in the March-end quarter slipped about 38.4% compared to the same period last year with its natural gas…

Business

Iran examining U.S. proposal, as Trump says in ‘final stages’ of talks

May 20, 2026 admin

Iran said on Wednesday (May 20, 2026) it was examining the latest U.S. proposal received from mediator Pakistan in talks to end the West Asia war, despite the two sides trading threats over resuming attacks. It came after U.S. President Donald Trump told reporters that Washington was in the “final stages” of negotiations with Iran….

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UN Security Council condemns attack on UAE nuclear plant

May 19, 2026 admin

A file image of the Barakah Nuclear Power Plant. | Photo Credit: AFP Russia joined other UN Security Council members on Tuesday (May 19, 2026) to condemn the drone strike on the UAE’s Barakah nuclear power plant, which Abu Dhabi said originated from Iraq where pro-Iranian proxies are active. The unclaimed drone struck an electrical…

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India can play ‘greater role’ for peace in West Asia, says Iranian Foreign Minister Araghchi

May 15, 2026 admin

Iranian Foreign Minister Abbas Araghchi addresses a press conference during his visit to India, in New Delhi, on May 15, 2026 | Photo Credit: PTI India can play a “greater role” for peace in West Asia, Iranian Foreign Minister Abbas Araghchi said on Friday (May 15, 2026). Addressing a press conference in New Delhi, he…

Nation

Lebanon, Israel to hold new talks in U.S. as ceasefire nears end

May 14, 2026 admin

Lebanon and Israel are to hold new peace talks in Washington starting Thursday (May 14, 2026), as their latest ceasefire — considered to still be in place despite hundreds of deaths in Israeli strikes — nears its end. Iran-Israel war LIVE on May 14, 2026 On the eve of the negotiations, Lebanon’s Health Ministry said…

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