Author: OMN AI

President Donald Trump said he plans to reduce U.S. tariffs on Indian goods to 18%, down from 25%, after Prime Minister Narendra Modi agreed to stop buying Russian oil. The move follows months of pressure from Washington, which has argued that India’s purchases of discounted Russian crude help bankroll Moscow’s war in Ukraine. Trump also said India would begin lowering import taxes on U.S. products to zero and commit to buying $500 billion worth of American goods. Announcing the decision on Truth Social, Trump claimed the agreement would help bring an end to the war in Ukraine, which he said…

Gold and silver prices tumbled sharply as investors rushed to sell positions that had driven metals to record levels. Losses accelerated on Monday following a heavy sell-off on Friday, signaling a sudden reversal in market sentiment. During Asian trading, spot gold fell more than nine percent to around $4,403 per ounce. Silver dropped roughly 15 percent to below $72 per ounce. Both metals had surged earlier this year amid heightened geopolitical uncertainty. Fed chair nomination eases market anxiety The rally reflected concerns over geopolitics and uncertainty about US monetary policy. Traders also feared political influence on the Federal Reserve. Those…

The Chartered Institute of Procurement and Supply warned soaring shipping costs could push up consumer prices in 2026.Procurement leaders see growing cracks in global supply chains affecting computers, machinery, and transport equipment.Survey respondents reported rising logistics, energy, and raw material costs.Concerns about supply disruption reached a two-year high in late 2025.Shipping costs rose fastest, with 22% reporting increases above 10%.Price volatility now appears structural, driven by geopolitical tensions and trade barriers.

Carlos Alcaraz captured a thrilling Australian Open final and became the youngest man to complete a career Grand Slam at 22. He denied Novak Djokovic a record 25th major title. Alcaraz sank to the court after sealing a 2-6 6-2 6-3 7-5 victory. The Melbourne crowd celebrated a moment that could define the next generation of men’s tennis. Sportsmanship stands out after final point Djokovic showed grace despite the defeat. He climbed over the net and hugged Alcaraz as applause echoed through Rod Laver Arena. The Serbian champion recognised the significance of the occasion. He knows opportunities to further cement…

The United States has begun tentative discussions with Cuba, President Donald Trump said over the weekend, even as his administration ramps up economic pressure on the communist-run island by tightening restrictions on oil supplies. Speaking to reporters while flying to Florida on Saturday night, Trump offered few details but said simply, “We’re starting to talk to Cuba.” Pressure Campaign Targets Energy Supplies Trump’s comments come after a series of moves aimed at squeezing Cuba’s access to oil. In recent weeks, the US cut off shipments from Venezuela following the ouster of President Nicolás Maduro and moved to block oil supplies…

The United Nations is facing a serious financial crunch that could leave it unable to operate by midyear, Secretary-General Antonio Guterres warned on Friday, as unpaid dues from member states continue to pile up. Guterres said the organisation could run out of cash as early as July unless countries meet their financial obligations or agree to reform how the UN is funded. Unpaid Dues Push UN to the Brink At the heart of the problem are chronic delays and shortfalls in mandatory contributions. While more than 150 member states have paid what they owe, others have failed to pay in…

West Ham United banned a season-ticket holder after he helped display an anti-board banner at a home match.Joshua Wood received a five-game ban for holding an “oversized” banner during the game against Sunderland.The banner urged owners David Sullivan and Karren Brady to sell the club.West Ham said the ban related to stadium regulations, not the message itself.Wood denied bringing the banner into the ground and plans to appeal the decision.

AI-supported breast cancer screening cut later cancer diagnoses by 12% and boosted early detection, a Swedish study found.The trial involved 100,000 women randomly assigned to AI-assisted mammography or standard double readings.AI helped triage low- and high-risk scans and flagged suspicious findings for radiologists.Published in The Lancet, the study showed higher early-stage detection and fewer aggressive cancers.Researchers from Lund University said AI could ease radiologist workload but must be introduced cautiously.

Donald Trump warned that doing business with China posed serious risks for the UK as Sir Keir Starmer arrived in Shanghai. The prime minister reached the city on the third day of his official visit to China. Trump reacted to agreements aimed at expanding trade and investment between Britain and China. Officials announced those deals after Sir Keir met President Xi Jinping in Beijing. Trump made the remarks while attending a documentary premiere about his wife, Melania, on Thursday. He described Xi as a friend and said he knew the Chinese president very well. Trump offered no further details about…

Hong Kong’s government has pushed back strongly against a decision by Panama’s top court to void a long-standing concession that allowed CK Hutchison to operate ports at both ends of the Panama Canal, calling the ruling unjustified and harmful to legitimate business interests. The Supreme Court ruling, delivered late Thursday, declared the concession unconstitutional following an audit by Panama’s comptroller that flagged alleged irregularities in a 25-year extension granted in 2021. Hong Kong pushes back against Panama ruling In a statement released Friday, Hong Kong’s government said it “strongly disapproves of and firmly rejects” the court’s decision. It warned against…