President Donald Trump is scheduled to arrive in Beijing on Wednesday, May 13, 2026, for high-level talks with Chinese President Xi Jinping as tensions over Iran, oil trade and regional stability continue to grow.

UAE exits OPEC and reshapes global oil and currency dynamics The decision by the United Arab Emirates to exit OPEC and OPEC+ marks a major shift in global energy markets. This move could increase oil price volatility, weaken OPEC’s control, and challenge the dominance of the US dollar in global oil trade. The timing is critical, coming amid rising oil prices, a growing dollar shortage in Gulf countries, and escalating tensions around the Strait of Hormuz. What does thi

N. Chandrababu Naidu, Chief Minister of Andhra Pradesh, is set to mark a major milestone in India’s deep tech journey by launching the country’s first indigenous quantum computing testbeds in Amaravati. The landmark initiative aligns with the vision of transforming the capital region into a globally recognized “Quantum Valley” and coincides with the celebration of World Quantum Day. The advanced quantum testbed facility, establishe

WASHINGTON — The Federal Bureau of Investigation is preparing to assign additional agents to Washington, D.C., as part of an ongoing federal effort aimed at reducing violent crime across the nation’s capital. Officials say the move will strengthen the work already being carried out by the D.C. Safe and Beautiful Task Force, a collaborative initiative involving federal and local law enforcement agencies. According to an FBI spokesperson, a small group of newly trained agents grad

​Israel’s Ambassador to India, Reuven Azar, on Monday expressed enthusiasm ahead of Prime Minister Narendra Modi’s upcoming visit, describing it as a significant step forward in strengthening India-Israel relations. The visit, scheduled for February 25, is expected to accelerate cooperation across defence, technology, and economic sectors, reflecting the growing depth of the strategic partnership between the two nations. In a video message shared on social media, Azar said Israel was l

Amid continuing global economic uncertainty and renewed debate over the stability of major reserve currencies, Chinese President Xi Jinping has reiterated China’s ambition to build a “strong currency” and gradually elevate the yuan’s status in the global financial system. Xi said China aims to expand the use of the yuan in international trade, investment, and foreign exchange markets, underscoring a long-standing policy goal to strengthen the country’s financial influence worldwide. Xi’s remarks were outlined in a speech delivered in 2024 to senior provincial and ministerial officials and later published on Saturday in Qiushi, the Communist Party’s leading theoretical journal. The publication of excerpts from the address comes at a time of heightened volatility in global markets and growing scrutiny of the dominance of the US dollar, adding significance to Beijing’s renewed emphasis on currency strength and financial resilience. In the speech, Xi set out what he described as the essential characteristics of a global financial powerhouse. These included a solid economic foundation, world-leading technological and industrial capabilities, and a widely accepted and credible currency. He argued that currency strength was inseparable from broader national competitiveness and institutional capacity, noting that financial influence must be supported by real economic and technological power rather than short-term market movements. Xi also stressed the importance of a capable and independent central bank able to implement effective monetary policy and macroprudential management. He said globally competitive financial institutions, along with influential international financial centres, were necessary to attract global capital and exert pricing power in international markets. According to Xi, these elements must be matched with strong regulation, a reliable legal framework, and a deep pool of skilled financial professionals to ensure long-term stability and credibility. While acknowledging China’s scale in global finance, Xi noted that the country still faced structural limitations. He said China ranked among the world’s largest economies in terms of banking assets, foreign exchange reserves, and capital market size, but remained “big but not strong” overall. Transforming China into a true global financial powerhouse, he added, would be a gradual and long-term undertaking rather than an immediate achievement. Beijing has promoted the internationalisation of the yuan for more than a decade, with measurable progress in its use for cross-border trade settlement. The currency’s role in global markets, however, remains limited when compared with established reserve currencies. China’s Cross-Border Interbank Payment System currently clears an average of about 700 billion yuan, or roughly 100 billion US dollars, in transactions each day. This figure remains well below the nearly 2 trillion US dollars cleared daily through the dollar-based Clearing House Interbank Payments System. Yuan-denominated debt issuance in international markets also accounts for a small share of global activity, representing less than one percent of total issuance. These figures highlight the gap between China’s ambitions and the yuan’s current global footprint, despite steady domestic financial expansion. In recent months, the yuan has generally held firm against the US dollar, even amid trade tensions and uneven global growth. This stability contrasts with the sharper depreciation seen during former US President Donald Trump’s first term, when market observers speculated that Chinese authorities tolerated a weaker currency to offset the impact of tariffs. International investment banks continue to argue that the yuan remains below its long-term fair value, reflecting both policy controls and cautious foreign investor sentiment. The republication of Xi’s speech signals continuity in China’s financial strategy rather than a sudden shift. As global markets navigate uncertainty and reassess existing monetary structures, Beijing appears intent on steadily advancing its vision of a stronger yuan and a more influential role in the international financial system over the long term.

At least 11 people were killed and 12 others seriously injured following an armed attack at a football field in the central Mexican state of Guanajuato, according to local authorities. The shooting occurred in the municipality of Salamanca, where gunmen opened fire on people gathered at the sports facility, triggering a large-scale security response. Municipal officials confirmed that 10 victims died at the scene, while another person later succumbed to injuries after being transpor

Andhra Pradesh Chief Minister Chandrababu Naidu once again proved why he is regarded as one of India’s most visionary leaders during his participation at the World Economic Forum in Davos. Known for anticipating global trends ahead of time, Naidu is now placing a strong strategic focus on artificial intelligence and quantum computing to transform Andhra Pradesh into a global technology destination. His series of high-level meetings and policy-driven initiatives at Davos reflect a clear comm

China’s record-breaking trade surplus is increasingly reshaping global financial markets as export earnings that once accumulated primarily in state reserves are now being redirected into private investments overseas. The shift marks a notable departure from Beijing’s traditionally centralized management of foreign exchange inflows and introduces new dynamics into global capital movements at a time of heightened sensitivity over trade imbalances and financial stability. Last yea

A century ago, the notion of restoring lost senses or detecting ancient life beyond Earth belonged firmly to science fiction. In 2025, such ideas moved decisively into reality as a series of scientific breakthroughs reshaped long-standing assumptions across medicine, space science, climate research, and artificial intelligence. These advances did not arrive as distant promises or speculative theories, but as working solutions that delivered measurable results and altered how science interacts

The Shri Mata Vaishno Devi Shrine Board on Wednesday temporarily suspended registration for the Vaishno Devi pilgrimage following an unprecedented surge of devotees during the New Year period. Officials said the decision was taken as a precautionary measure after crowd density reached critical levels at the Katra

Texas Original has opened a new medical cannabis facility that significantly expands its operational capacity as Texas continues to broaden access under the state’s Compassionate Use Program. The newly launched site, located along FM 969, represents a major step forward for the company, consolidating every stage of production under a single roof and positioning the organization for long-term growth as patient demand increases. The 75,000-square-foot facility is nearly ten times la

US President Donald Trump announced on Thursday that he has signed an executive order initiating a significant change in federal marijuana policy, directing that cannabis be reclassified as a less dangerous drug under US law. The move represents one of the most notable shifts in national drug policy in recent years, although it stops short of legalizing marijuana for recreational use at the federal level. Speaking from the Oval Office, Trump said the order would begin the process of

Ohio lawmakers advanced significant revisions to the state’s recreational marijuana framework on Tuesday as the Senate approved Senate Bill 56 following months of debate. The measure passed with a 22-7 vote and now awaits consideration from the governor. The legislation introduces new limits on public consumption, transportation, and permissible equipment while maintaining the foundation of the voter-approved recreational cannabis system. These changes come less than a year after Ohio resid

A routine trip to a scenic mountain destination in China turned into a widely discussed incident after a fire, reportedly caused by a tourist mishandling ceremonial candles and incense, engulfed the Wenchang Pavilion in Jiangsu Province. The fire broke out on November 12 and quickly spread through the three-storey structure, with videos online showing towering flames and dense black smoke rising above Fenghuang Mountain. The dramatic visuals sparked public concern and renewed debate about tou

A dramatic video has surfaced online showing the shocking moment when China’s newly constructed Hongqi Bridge in Sichuan province collapsed on November 11, 2025. The 758-meter-long bridge, part of a national highway linking central China to Tibet, crumbled unexpectedly, plunging massive sections of concrete into the river below. Clouds of dust filled the air as horrified onlookers recorded the devastating scene, which quickly went viral on social media platforms. Read the full st

Nvidia made history on Wednesday by becoming the first publicly traded company to achieve a market capitalization of $5 trillion, marking a defining moment in the global technology and artificial intelligence landscape. The milestone underscores the company’s rapid evolution from a graphics chip producer into the backbone of the worldwide AI revolution, firmly establishing its leadership in a sector reshaping economies and industries. The Santa Clara, California-based firm’s sto

Nvidia CEO Jensen Huang has expressed support for reforms to the H-1B visa programme in the United States but warned that the proposed $100,000 application fee could have serious consequences for innovation and access to global talent. Speaking in a recent discussion, he said the idea of tightening the system to prevent misuse was good in principle but added that such a steep financial barrier could transform the American dream into a privilege for the few. The proposed increase in H-

A UC Berkeley physicist has joined the ranks of Nobel laureates after being recognized for groundbreaking work that expanded the frontiers of quantum mechanics. John Clarke, an emeritus professor of physics at the University of California, Berkeley, has been awarded the Nobel Prize in Physics for his pioneering experiments that reshaped the scientific understanding of how particles behave on a macroscopic level. Clarke shares the honor with Michel H. Devoret and John M. Martinis of the Univer

A controversy has erupted after Kash Patel, serving as Director of the Federal Bureau of Investigation, dismissed an employee for displaying a Pride flag at his workstation. The employee was in the process of new agent training at the FBI academy in Quantico, Virginia, when he received a dismissal letter ordering his immediate removal. The decision has generated debate over workplace neutrality, diversity, and the boundaries of acceptable expression in federal institutions. The em