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President Trump and Chinese President Xi Jinping concluded a high-profile state visit in Washington, marked by elaborate ceremonies but lacking significant agreements. The discussions largely skirted critical issues such as Taiwan and Iran, leaving analysts questioning the efficacy of the diplomatic engagement.
Chinese President Xi Jinping used his White House meeting with President Donald Trump to argue that the long-feared "Thucydides Trap" between a rising China and an established United States can be overcome. The message signaled Beijing's preference for intense competition without military confrontation, even as core flashpoints such as Taiwan remain unresolved.
Investors trying to increase their exposure to artificial intelligence may need to look beyond broad emerging-market funds and toward China, according to Matthews Asia portfolio manager Andrew Mattock. He argues that standard EM products leave out a meaningful share of the AI opportunity, while China-focused strategies offer more direct access to the companies driving the theme.
IIT Madras, IIT Madras Research Park and Unicorn India Ventures have announced the first close of their deeptech-focused IITM Unicorn Frontier Fund I at Rs 450 crore, setting up one of India's most targeted early-stage technology vehicles. The fund has already deployed nearly Rs 55 crore across four startups and aims to back 25 companies in sectors ranging from defence tech and spacetech to semiconductors, robotics and healthtech.
P.V. Sindhu and Ayush Shetty moved into the singles pre-quarterfinals with straight-game victories at the Asian Games, while Unnati Hooda survived a three-game battle to progress further in the women's draw. In a setback for India, Lakshya Sen exited in the second round after a hard-fought loss to Singapore's Loh Kean Yew, deepening the pressure on the country's badminton campaign.
US President Donald Trump has rejected an Iranian proposal to restore commercial shipping through the Strait of Hormuz within seven days, dismissing Tehran's offer as unacceptable despite mounting economic pressure from the waterway's effective closure. The decision deepens uncertainty over a conflict that has already disrupted one of the world's most critical energy chokepoints, rattled oil and gas markets, and increased the likelihood of renewed military escalation.
Yemen's internationally recognized government has called on citizens to mobilize against the Iran-backed Houthi movement, framing the appeal as a response to escalating rebel moves that it says threaten the country's security and the global economy. The appeal comes amid mounting concern over Houthi activity around a key maritime chokepoint, intensifying an already volatile conflict with regional and international implications.
President Donald Trump has rejected Iran's conditional proposal to reopen the Strait of Hormuz and restart nuclear talks, according to The Wall Street Journal, even as U.S. and Iranian officials continue indirect negotiations through mediators. The development comes amid renewed Houthi attacks in Yemen and sharp moves in oil prices, underscoring how quickly the conflict is reverberating through global energy markets.
Saudi Arabia's crude exports have climbed to their highest level since the Iran war began, underscoring the kingdom's ability to keep oil moving even after a drone attack damaged its key East-West pipeline. Trade intelligence data show shipments rebounding to 6 million barrels per day in September, easing fears of a deeper supply shock and helping pull Brent crude back from an earlier spike.
U.S. crude oil fell sharply for the week after Iran and the United States held discussions on the sidelines of the U.N. General Assembly in New York, reviving hopes of a diplomatic opening around the Strait of Hormuz. West Texas Intermediate ended Friday lower, while Brent also declined, as traders weighed Tehran's proposal to reopen the vital shipping lane under a temporary peace arrangement.
Oil prices have fallen approximately 2% as diplomatic efforts between the US and Iran signal potential de-escalation in the Strait of Hormuz. Concurrently, supply disruptions from Saudi Arabia and ongoing geopolitical tensions further complicate the global energy landscape.
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