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IMF warns Iran war disruptions are pushing global economy towards ‘adverse’ scenario; growth risks rise

The International Monetary Fund (IMF) on Thursday warned that continued disruptions from the Iran war are pushing the global economy closer to an “adverse” scenario marked by slower growth, tighter financial conditions and rising inflation risks, AFP reported.Last month, the IMF’s World Economic Outlook projected global growth at 3.1 per cent for 2026 under its...
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Three pieces could sell for $100 million each

A large-scale Jackson Pollock drip painting titled, “Number 7A, 1948.” Crystal Lau | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Nearly $2 billion worth of art will come up...
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Biogen Alzheimer’s drug moves to late stage trial

A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Biogen plans to advance an experimental drug for Alzheimer’s disease to late-stage testing despite disappointing mid-stage trial data, the company said Thursday. Biogen said its experimental drug that targets tau, a protein associated with the memory-robbing disease, failed to show better responses at higher doses....
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For Indian airlines one crisis lands, another takes off

Yatrigan, fasten your seatbelts for not just your flight but the whole aviation sector is experiencing turbulence!Flight delays, rising ticket prices, and cancelled international routes are no longer breaking news, but the new normal. In May 2026, airlines are grappling with a mix of economic and geopolitical pressures, creating a cycle of challenges that keeps...
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Where is it, what to know

A cruise ship outbreak of hantavirus has rattled the public and reignited fears of another global health scare as passengers disperse across multiple countries, including the U.S.  The World Health Organization reported 11 cases linked to the outbreak as of Tuesday, nine of which it confirmed, including three deaths. No Americans have tested positive as...
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Versant (VSNT) earnings Q1 2026

Versant Media Group on Thursday unveiled results for its most recent quarter — its first as a standalone company after separating from Comcast’s NBCUniversal and beginning to trade on the Nasdaq earlier this year. The report highlighted growth across its digital and licensing businesses despite continued pressure in the traditional pay TV bundle. Linear distribution...
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Crude Oil Prices India: West Asia crisis: India’s wholesale inflation jumps to 8.3% in April as fuel, crude oil prices surge

India’s wholesale price inflation accelerated sharply to 8.30 per cent in April from 3.88 per cent in March, driven mainly by a steep rise in fuel, power and crude oil prices amid the ongoing West Asia crisis, according to government data released on Wednesday.Data released by the ministry of commerce and industry showed that inflation...
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