US President Donald Trump is considering ending the military operation against Iran even if the Strait of Hormuz remains closed, according to the Wall Street Journal.
The US has seized an oil tanker, 'Skywave', linked to Iran in the Indian Ocean, as part of efforts to disrupt Iran's oil shipments and enforce sanctions. The vessel was part of a network transporting sanctioned Iranian crude oil, with the seizure occurring amid heightened tensions between Washington and Tehran.
Donald Trump expressed optimism about securing an agreement with Tehran to prolong a truce and restore transit through a strategic maritime chokepoint within the next week, even as he criticised political opponents and the media for what he described as their tendency to distort outcomes, even in a hypothetical scenario of complete Iranian military surrender.
India's market regulator has found that Bank of America shared confidential details ahead of a 2024 block trade and later misled regulators during the investigation.
Adani Group on Monday said it does not handle any cargo coming from Iran or any Iranian-owned ship at any of its ports, as it denied any deliberate engagement in sanctions evasion. In a stock exchange filing, the group said reports of links between any of its entities and Iranian LPG are "baseless and mischievous".
Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.
Trump may strike. He may announce productive talks and extend again. He may do both at the same time. Iran will not open the Strait on someone else's terms, so no matter what happens, that problem will remain unsolved. And the IRGC will still be collecting its $2 million toll from every ship bold enough to ask permission to pass.
Egypt, Pakistan, Saudi Arabia and Turkey met in Islamabad in what analysts say is the formal opening of a new diplomatic formation that could reshape the post-war regional order. Their immediate goal is a ceasefire; their larger ambition is to ensure that neither Iran nor Israel emerges from this war in a dominant position. Pakistan's foreign minister then flew directly to Beijing and mooted a Chinese role as guarantor of any eventual agreement. Prem Panicker continues his must read daily blog on the Gulf War.
According to a post on X by the US European Command, the tanker violated US sanctions and was tracked by the US Coast Guard cutter Munro prior to the operation.
The Federation of Indian Pilots on Friday initiated legal action through a formal notice to The Wall Street Journal and Reuters over their recent reports on the AI-171 crash that occurred on June 12.
According to a statement cited by TASS, the Russian foreign ministry said it is closely monitoring reports that the US military has boarded the tanker Mariner, originally Bella 1, on the high seas, noting that Russian citizens are among the crew.
After job cuts at Twitter, Facebook's parent company Meta is planning to begin "large-scale layoffs" this week in what could be the largest reduction to date at a "major technology corporation in a year that has seen a tech-industry retrenchment," a media report said.
Bank of America has been hit by a whistleblower complaint that its officials in Asia had shared "non-public information" with investors "before the bank sold hundreds of millions of dollars of stock", reports the Wall Street Journal.
China on Wednesday expelled three Wall Street Journal correspondents, the largest expulsion of overseas media personnel from the country in more than three decades, after the newspaper declined to apologise for a column which Beijing criticised as "racist" and tarnishing its efforts to combat the deadly coronavirus epidemic. Chinese foreign ministry spokesman Geng Shuang said China made repeated representations to the US newspaper over the opinion piece which had the headline: 'China is the real sick man of Asia', but regretted that it had not offered a public apology.
US House Speaker Nancy Pelosi is going to visit Taiwan, with scheduled meetings with government officials at the self-governed island that China threatens to forcefully overtake, The Wall Street Journal reported on Monday.
The US unit of PwC will lay off about 1,800 workers, marking its first formal job cuts since 2009 as the company seeks to restructure its technology group. This comes amid a slowdown in demand for some of its advisory business, according to a Wall Street Journal report. Half of the anticipated layoffs will target offshore positions, impacting a wide range of employees from associates to managing directors.
The Wall Street Journal is working towards aligning its India strategy to the practices it follows globally, that is, to increase focus on digital distribution.
Kicking off its plans for a business newspaper, HT Media Ltd announced on Friday an editorial content tie-up with the Wall Street Journal, though not going for equity participation as of now.
Divya Nair/Rediff.com speaks to students and experts to find out whether it is better to study management in India or try for an international MBA.
The opinion piece added that the party combines the most striking principles of three major political entities in the world -- the Likud Party of Israel, the Communist Party of China and the Muslim Brotherhood of Egypt.
On the Ukraine conflict, Modi said, "Some people say that we are neutral. But we are not neutral. We are on the side of peace." "All countries should respect international law and the sovereignty of countries," he said.
The epidemiologist estimates that more than 60 per cent of China and 10 per cent of Earth's population are likely to be infected over the next 90 days with deaths likely in the millions.
'FBI Director Christopher Wray confirmed that the Bureau has assessed that the origins of the COVID-19 pandemic likely originated from a lab incident in Wuhan, China,' tweeted the FBI.
The move points to a potential escalation of fighting in Ukraine, The Wall Street Journal said citing experts.
Disney Star India, bought at a valuation of $15 billion, could be on the block for roughly one-third that amount.
The panel had called him on the issue of the citizens' data safety.
Amazon.com Inc is preparing to launch its long-rumoured smartphone in the second half of the year, The Wall Street Journal reported on Friday, citing people briefed on the company's plans.
Describing it as a "spectacle in Houston", the Wall Street Journal said Trump is hoping to pick up a larger share of this growing voters bloc in 2020 than he did in 2016. Trump understands the benefit of associating with Indian Americans, whose contributions are crucial to the prosperity of both nations in the 21st century, it added.
Walmart, the world's largest retailer, has paid $1.4 billion to buy out US-based Tiger Global's investment in e-commerce firm Flipkart, according to sources. The transaction puts Flipkart's valuation at $35 billion, against nearly $38 billion in 2021 when it raised funds from Japan's SoftBank, Walmart, and other investors. Tiger Global, Flipkart co-founder Binny Bansal, and Accel now have all fully exited the e-commerce firm by selling their stake to Walmart.
Ailing auto maker Chrysler is preparing to file for bankruptcy protection as early as next week, irrespective of whether the company reaches a deal with its lenders or forges an alliance with Italian entity Fiat SpA, says a media report.
Whether the beleaguered Tokyo Olympics begin as planned this July could come down to support from the United States and its new president, the Wall Street Journal quoted Tokyo Organising Committee member Haruyuki Takahashi as saying in an interview.
Envelopes containing white powder were received by top editors and executives of the Wall Street Journal, triggering a scare and rekindling the memories of the anthrax mailed in 2001. But after tests showed that it was apparently flour or food based, the powder was declared harmless.
"I have actually undertaken the maximum reforms but I have an enormous task ahead for myself."
News Corp is mulling to split into two companies, separating its publishing assets from the entertainment businesses.
Morgan Stanley Smith Barney currently is valued at $20 billion on Citigroup's books, which is $ 5 billion more than it is on Morgan Stanley's, the report said citing Credit Suisse's analyst Howard Chen.
An influential American daily on Thursday claimed that there are signs that slain Al Qaeda chief Osama bin Laden was being protected by some elements of the Pakistan's notorious spy agency Inter Service Intelligence.
Superstar Hollwyood director Steven Spielberg and Anil Ambani are about to sign a deal that will see the ADA Group bankroll Spielberg's DreamWorks SKG with between $500 million to $600 million, The Wall Street Journal reported on Wednesday.
The Journal's parent, Dow Jones and Company was acquired by media Moghul Rupert Murdoch's News Corporation, four months ago. Murdoch declined to comment last night, the Times said even as some analysts see a possible war between the Journal and the New York Times.
