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The Business Standard

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May 16, 2026

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SATURDAY, MAY 16, 2026

global economy

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global economy

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Apple iPhone 16 on display at an Apple store in New York. Photo: Collected

Apple settles lawsuit over late Siri AI features for $250 million

Apple did not admit to any fault in the settlement

Currency dealers work as an electronic board displays the Korea Composite Stock Price Index (KOSPI) in Seoul, South Korea, May 6, 2026. Photo: REUTERS/Kim Soo-hyeon

Asia markets hit records on AI euphoria, Iran peace hopes

File Photo: Reuters

Oil prices fall a second day as Trump indicates possible Iran peace deal

Illustration: Ashrafun Naher Ananna/TBS Creative

Asia battles rising, uneven toll of energy crisis caused by Iran war

8 countries with better investment returns than US stock market right now

8 countries with better investment returns than US stock market right now

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil rises as US-Iran deal remains elusive

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Oil slips after Trump says US will help free ships stranded in Strait of Hormuz

ADB launches new financing facility to boost critical minerals supply chains in Asia-Pacific

ADB launches new financing facility to boost critical minerals supply chains in Asia-Pacific

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Iraq sends first oil convoy to Syria through al-Yarubiyah in 14 years

Russian energy resources account for more than 80% of cargo on the Northern Sea Route. Photo: Denis Pomortsev/Zoonar/picture alliance

Why the Northern Sea Route is a risky bet for global trade

Japan's Prime Minister Sanae Takaichi shakes hands with Vietnam's Prime Minister Le Minh Hung during a welcoming ceremony in Hanoi, Vietnam, May 2, 2026. Photo: REUTERS/Thinh Nguyen

Japan, Vietnam seek deeper partnership with energy and minerals push

Labourers plant rice saplings in a field in Gaggarpur village in the northern state of Haryana, India, 21 June 2025. Photo: Reuters

From surplus to strain: World rice supply threatened by Iran war, El Nino

A model of an oil pump is seen in front of a Russian flag in this illustration taken January 9, 2026. Photo: Reuters

Russia says OPEC+ will continue after UAE exit, no price war expected

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