The Pentagon has burned through roughly half its Terminal High Altitude Area Defense system’s entire arsenal while shielding Israel from Iranian ballistic strikes, leaving defense officials scrambling to accelerate production amid broader concerns about America’s military readiness against rival powers.

Elon Musk’s SpaceX just filed for what could be the biggest IPO in history. With a $1.75 trillion valuation target and Starlink printing money, the aerospace giant is on track to make its founder the world’s first trillionaire.

Meta began its largest restructuring in over a year Wednesday, laying off 8,000 employees, roughly 10% of its global workforce—as CEO Mark Zuckerberg doubles down on artificial intelligence despite mounting costs and competitive pressures.

India and Italy have dramatically strengthened their strategic partnership during PM Modi’s Rome visit, signing a defence industrial roadmap and critical minerals deal that signals a significant shift in bilateral engagement.

Russian President Vladimir Putin touches down in Beijing for a landmark two-day summit with Chinese leader Xi Jinping, signalling deeper Russia-China alliance amid global tensions.

A California jury handed down a unanimous verdict against Elon Musk in his high-stakes legal battle with Sam Altman and OpenAI. The decision, delivered on May 18, 2026, found that Musk filed his lawsuit too late, a procedural technicality that prevented the core arguments from ever being heard.

The US Justice Department is preparing to drop criminal fraud charges against billionaire Gautam Adani, marking a dramatic reversal in a case that’s shadowed Asia’s richest businessman for over a year.

After 40 days of war claiming 4,000+ lives, Iran signals it will open the Strait of Hormuz, but only if the US lifts its naval blockade, returns $15 billion in frozen assets, and removes long-standing sanctions.

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.