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Crude prices drop after 'positive' US-Iran talks

Oil prices fell on Monday on optimism over US-Iran talks, with mediators flagging a "roadmap" to a final agreement, while equities were mixed.

Crude prices drop, most stocks rise on 'positive' US-Iran talks

Oil prices fell Monday on optimism over US-Iran peace talks, with mediators flagging a "roadmap" to a final agreement, while most equities rose thanks to another healthy start for tech firms.

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Two dead after car ploughs into people in Germany's Leipzig: mayor

A car ploughed into people on a street Germany's eastern city of Leipzig on Monday, leaving at least two dead and several injured, authorities said.

Iran fires 'warning shots' as US Navy says its ships entered Gulf via Hormuz

Iran's navy fired 'warning shots' at US warships in the Strait of Hormuz on Monday, state media said, after the American military sent cruisers into the Gulf as part of a plan to help trapped commercial vessels leave.

Energy crisis fuels calls to cut methane emissions

World officials pushed Monday for faster action to reduce methane emissions from the fossil fuel sector, arguing it would both help slow climate change and boost energy security as the Middle East war chokes off supply.

'Low' risk to public of hantavirus after cruise ship deaths, WHO says

A suspected outbreak of hantavirus on a cruise ship, on which three people have died, presents a low risk to the public, the WHO Europe said Monday, as Dutch authorities planned to repatriate two sick people.

Musk vs OpenAI trial enters second week

Following high-profile testimony from billionaire Elon Musk last week, one of OpenAI's co-founders will testify Monday in the California lawsuit brought by the world's richest man against the creators of ChatGPT.

Japan PM says oil crisis has 'enormous impact' in Asia-Pacific

A global oil supply squeeze is inflicting an "enormous impact" on the Asia-Pacific region, Japan Prime Minister Sanae Takaichi said Monday.

Seoul, Taipei hit records as Asian stocks track Wall St tech rally

Tech firms led a rally across most Asian markets Monday following another healthy day on Wall Street fuelled by more strong earnings, while investors were also cheered by news that Iran had submitted fresh proposals to end its war with the United States.

Boeing faces civil trial over 737 MAX crash

Boeing is scheduled to return to court Monday to face its latest lawsuit over a deadly 737 MAX crash in Ethiopia, brought by the family of a young American NGO worker.

ZOQQ Approaches Breakeven on a Bootstrapped Path - Bucking the Burn-First Fintech Playbook

Rare profitable-track fintech demonstrates strong unit economics and a path to breakeven without external venture capital.

Pacific Avenue Capital Partners Enters into Exclusive Negotiations to Acquire ESE World, Amcor's European Waste Container Business

LOS ANGELES, CA AND PARIS, FR / ACCESS Newswire / May 4, 2026 / Pacific Avenue Capital Partners ("Pacific Avenue"), a global private equity firm focused on corporate carve-outs and other complex transactions in the middle market, announced today that an affiliate of Pacific Avenue has entered into exclusive negotiations to acquire ESE World (the "Company" or "ESE") from Amcor, one of the world's leading global packaging companies.

Three die on Atlantic cruise ship from suspected hantavirus: WHO

Three people have died on a cruise ship in the Atlantic, the WHO said Sunday, one a confirmed case of hantavirus -- an illness usually transmitted to humans from rodents.

Two die in 'respiratory illness' outbreak on Atlantic cruise ship

An outbreak of "severe acute respiratory illness" on board a cruise ship in the Atlantic has left at least two people dead, with a third in intensive care in Johannesburg, South Africa's health ministry told AFP on Sunday.

OPEC+ hikes oil production quotas but stays mum on UAE pull-out

Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.

More Nepalis drive electric, evading global fuel shocks

As global fuel markets reel from the Middle East war, motorists in Nepal are increasingly turning to electric vehicles, with high demand putting a strain on dealerships.

Latecomer Japan eyes slice of rising global defence spending

Long-pacifist Japan has shed its self-imposed ban on lethal weaponry exports, gunning for a prominent place in the global defence trade -- a challenging feat that analysts say could take years to achieve.

German fertiliser makers and farmers struggle with Iran war fallout

As Iran's closure of the Strait of Hormuz roils the global economy, one German town has been scrambling to help make up the shortfall in essential supplies of fertilisers.

OPEC+ to make first post-UAE production decision

Seven OPEC+ members are meeting Sunday to make their first decision on oil-production quotas since the United Arab Emirates' departure from the cartel, which added to the soaring price pressure unleashed by the Mideast war.

Massive crowds fill Rio's Copacabana beach for Shakira concert

Latin pop queen Shakira kicked off her free mega-concert on Rio's famed Copacabana beach under a full moon Saturday, with drones forming the image of a she-wolf -- her nickname -- overhead as she took the stage over an hour late.

US airlines step up as Spirit winds down

US air carriers on Saturday mobilized to help passengers and crew members stranded by the overnight shutdown of Spirit Airlines, after the low-cost carrier's last-minute talks with creditors and the White House collapsed.

Aviation companies step up as Spirit winds down

US air carriers mobilized Saturday to help passengers and crew members stranded by the overnight shutdown of Spirit Airlines, after last-minute talks with creditors and the White House collapsed.

'Bookless bookstore': audio-only book shop opens in New York

Audiobook giant Audible opened what it billed as the first "bookless bookstore" in New York on Friday as industry statistics show more American consumers embracing the format.

Venezuelan protesters call government wage hike a joke

About 1,500 people demonstrated in Venezuela on Friday, denouncing a 26 percent income increase announced by the government as grossly insufficient in a crisis-hit economy.

S&P 500, Nasdaq end at fresh records on tech earnings strength

The Nasdaq and S&P 500 soared to fresh records Friday, cheering mostly strong earnings from tech giants and continuing to shrug off the prolonged US-Iran war that has lifted oil prices.

Pope names former undocumented migrant as US bishop of West Virginia

Pope Leo XIV on Friday named a former undocumented migrant as bishop of West Virginia, weeks after a high-profile clash with US President Donald Trump.

Trump says will raise US tariffs on EU cars to 25%

President Donald Trump said Friday that he will hike US tariffs on cars and trucks from the European Union next week, charging that the bloc is not complying with an earlier trade deal.

ExxonMobil CEO sees chance of higher oil prices as earnings dip

US oil giants reported lower earnings Friday with accounting effects muting the benefits of the Middle East oil shock, as ExxonMobil's CEO cautioned that crude prices could still increase.

After Madonna and Lady Gaga, Shakira set for Rio beach mega-gig

Latin pop queen Shakira will bring the heat to Rio de Janeiro on Saturday for her biggest concert to date -- an outdoor party on Copacabana beach.

Coe hails IOC gender testing decision

World Athletics president Sebastian Coe told AFP the IOC's decision in March to introduce testing for gender to determine eligibility to compete in the female category, preventing transgender women from competing, is a "very important development for the Olympic movement".

Baguettes take centre stage on France's Labour Day

French bakeries sold crusty baguettes and flaky croissants with government backing Friday, defying labour unions arguing that May 1 should remain a sacred day of compulsory rest.

Iran offers new proposal amid stalled US peace talks

Iran delivered a new proposal for peace talks with the US via mediator Pakistan, state media reported Friday, with negotiations between the two sides frozen despite a weeks-long ceasefire.

French hub monitors Hormuz tensions from afar

A dozen members of the French navy scour screens for blinking lights indicating movement thousands of kilometres away near the Strait of Hormuz.

Oil steady after wild swing, stocks diverge in thin trading

Oil prices steadied and stocks diverged Friday in thin holiday trading, as investors awaited the next move in the Middle East crisis and digested corporate earnings.

Dubai Telegraph - Economy (English)