September 11, 2026 1:02 AM

Trump administration proposes waiving grace period for H-1B holders after job loss

The Trump administration has proposed eliminating a 60-day grace period that allows certain immigrants, including skilled workers on H-1B visas, to stay in the United States and find a new sponsor after losing their job, according to a government notice posted online Thursday. Under the planned rule change, published in the Federal Register by the U.S. Department of Homeland Security, those with H-1B and certain other temporary work visas would have to leave the country as soon as their employm...

September 10, 2026 1:12 AM

Trump attributes state election win of Germany’s far-right to immigration

U.S. President Donald Trump attributed the win of Germany's far-right Alternative for Germany (AfD) party in a state election to immigration rules and regulations that he cast as "horrible". The AfD, bolstered by public angst over the scale of mass immigration, surged into first place on Sunday in the election in Saxony-Anhalt, the first time a far-right party has come within reach of power at the state level since World War Two. Trump has long accused various European countries including Germ...

September 10, 2026 1:12 AM

US Treasury chief Bessent backs using US financial power as foreign policy tool

U.S. Treasury Secretary Scott Bessent advocated on Tuesday for Washington's use of financial power as a foreign policy tool with the goal of advancing the interests of American allies, including in financial and political situations abroad. "I believe that I can use the balance sheet of the U.S. for foreign policy. So, we have a foreign policy goal and that is to create allies in the Western hemisphere," Bessent said in an event at the SMU Cox School of Business. "Argentina was the front-runne...

September 9, 2026 9:23 PM

Sharp escalation in US-Iran Conflict, Oil Markets and Shipping under pressure

The US-Iran conflict has seen sharp escalation since yesterday, with both sides reporting attacks on military infrastructure and commercial shipping vessels. The recent attacks are perhaps the biggest on shipping vessels since the beginning of the conflict. US CENTCOM had said it destroyed five Iranian oil tankers on Tuesday, after Iranian forces attempted to strike a US Navy warship with ballistic missiles. The US identified the 5 Iranian vessels as Kaviz, Charminar, Horizon 1, Riesco and Dery...

September 9, 2026 12:54 AM

Iran-backed Houthis attack four Saudi cities in expansion of Middle East war

Yemen's Tehran-backed Houthis attacked four cities in the south of U.S. ally Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old Middle East war. The Houthis, who control most of Yemen's populated areas including the capital, said they had launched a broad operation deep into Saudi territory. They used drones and missiles to strike a Saudi airbase in the southern city of Khamis Mushait as well a...

September 7, 2026 10:39 PM

Iran warns US energy assets in Gulf are vulnerable after latest clashes

Iran threatened on Monday to retaliate against any new U.S. attacks on its assets, warning that energy infrastructure across the Gulf, including U.S. oil and gas interests, was vulnerable. "Strike our assets and you get struck," Iranian Parliament Speaker Mohammad Baqer Qalibaf said after U.S. and Iranian strikes on shipping at the weekend that pushed oil prices up near six-week highs on Monday. The latest threat underscores the risks of further escalation after the sides traded blows again at...

September 7, 2026 10:36 PM

EU pledges Greenland investments amid Trump’s push for control

European Commission President Ursula von der Leyen unveiled plans on Monday for €200 million ($232 million) of EU investments in Greenland and closer ties with the Danish Arctic territory, which President Donald Trump has insisted should belong to the United States. Von der Leyen arrived in Greenland on Sunday for a two-day visit serving as a show of support for the governments of Greenland and Denmark, which have strongly rebuffed Trump’s campaign to acquire the world’s largest island. ...

September 6, 2026 9:36 AM

US Strikes three Iranian Oil Tankers, including one near Kharg Island

US forces have said that they struck three Iranian crude oil tankers after IRGC launched ballistic missiles at two US Navy warships in regional waters. A statement by US CENTCOM said they disabled tanker Downy near Kharg Island, tanker Stark 1 near Jask and destroyed unladen tanker Kylo (also known as the Noxen), in the Gulf of Oman after directing its crew to abandon ship. The CENTCOM called the three Iranian crude oil tankers a part of a shadow network that funds the IRGC and its regional prox...

September 3, 2026 5:05 PM

India-US trade pact to be finalised once Washington offers preferential terms: Piyush Goyal

India will announce the final details of its Bilateral Trade Agreement (BTA) with the United States only after Washington agrees to offer preferential tariff terms over India's competitors, Commerce and Industry Minister Piyush Goyal said on Thursday. "As soon as the US is able to give us the preferential rate in comparison to our competition, we will finalise the BTA and announce the final details," Goyal said, addressing a national workshop on Leveraging FTAs Outreach program. The minister s...

August 26, 2026 12:17 PM

Gulf ship traffic via Strait of Hormuz hovers below 10-day average, data shows

Five commodity vessels transited the Strait of Hormuz on Tuesday, little changed from a day earlier but well below the 10-day average of 15, preliminary shipping data showed on Wednesday. Two tankers carrying liquefied petroleum gas and one tanker carrying bitumen exited the Gulf via the strait, while two empty product tankers entered the waterway from the Gulf of Oman, initial data from shiptracker Kpler showed at 0408 GMT. On Monday, four commodity vessels transited the waterway, the data sho...