Labour Party pressure is mounting on Keir Starmer as nearly 100 MPs demand his resignation. Following devastating local election losses, key cabinet ministers have joined backbench colleagues in calling for the Prime Minister to step down or announce a timetable for his departure.

President Donald Trump heads to Beijing this week for a high-stakes state visit with Chinese President Xi Jinping. The three-day summit brings together 17 US business leaders to discuss crucial geopolitical issues including trade, the Iran conflict, and Taiwan’s future. With the world watching closely, this summit could reshape global trade relations and ease tensions between the world’s two largest economies.

Saudi Aramco’s CEO Amin Nasser has sounded a sobering alarm: the global oil market has shed roughly 1 billion barrels over two months due to Strait of Hormuz disruptions. Even when shipping routes reopen, stabilising energy markets will take considerably longer than expected.

Japan’s Nikkei 225 tops 62,000 in a historic single-day surge fuelled by AI optimism, SoftBank’s 18% leap, and growing hopes of a US–Iran peace deal, defying geopolitical noise that would have rattled markets just months ago.

Ted Turner, CNN founder and media mogul who rewired the way the world consumed news, died peacefully on May 6, 2026, at the age of 87 — leaving behind a legacy that stretches from a converted Atlanta country club in 1980 to two billion television screens across the globe.

Cognizant layoffs are back in the headlines. The IT giant’s newly launched Project Leap may eliminate up to 15,000 roles globally, with India, home to over 250,000 of its workforce, set to shoulder the heaviest blow. The restructuring is expected to cost between $230 million and $320 million.

Biocon founder Kiran Mazumdar-Shaw has formally named her niece Claire Mazumdar as her successor, marking a watershed moment in India’s biotechnology landscape. In an exclusive Fortune India interview, the 73-year-old entrepreneur revealed her succession strategy for the company she built from a garage 48 years ago. Claire, 37, currently leads Nasdaq-listed Bicara Therapeutics, a company incubated by Biocon and taken public with a ₹362 million IPO in 2024.

In a decisive verdict marking the end of a prolonged legal battle, the National Company Law Appellate Tribunal (NCLAT) rejected Vedanta’s challenge to Adani’s acquisition of debt-ridden Jaiprakash Associates Limited (JAL) on May 4, 2026. The tribunal found no merit in seven contentions raised by Vedanta, upholding the Committee of Creditors’ commercial wisdom. Despite Vedanta’s higher bid of ₹17,926 crore, Adani’s ₹14,535 crore offer prevailed based on comprehensive evaluation metrics.

Tim Cook just made India one of Apple’s most-watched markets. The tech giant is counting on millions of Indians moving into the middle class and upgrading their devices. Here’s what makes India so valuable right now.

A major shake-up in India’s energy market hit from May 1, 2026. Commercial LPG cylinder prices surged by nearly 48%, marking one of the steepest hikes on record. The 19-kilogram cylinders saw increases ranging from ₹993 to ₹1,147 across metro cities, driven by escalating global tensions and Middle East supply concerns. While household cooking gas prices remained stable, the commercial sector faces mounting pressure.

India’s iPhone exports have smashed records, touching ₹2 trillion in the last year of the Production Linked Incentive (PLI) scheme for smartphones. Besides being just another headline number; it shows how quickly the country has become a serious global manufacturing base for one of the world’s most valuable tech brands.

In a seismic shift for global energy markets, the UAE exits OPEC and OPEC+ effective May 1, 2026, after nearly six decades as a key member, signalling a bold new era of independent oil policy for Abu Dhabi.