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A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026. REUTERS/File Photo
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- The United States said its military had completely halted trade going in and out of Iran by sea, impacting 90% of the Iranian economy, while President Donald Trump said talks with Tehran on ending the war could resume this week, sending oil prices down for a second day.
- A US-sanctioned Chinese tanker Rich Starry made its way back to the Strait of Hormuz after exiting the Gulf the day before, shipping data showed, failing to break through a US blockade on vessels calling at Iranian ports.
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- China is employing ships and a barrier to tighten control of the entrance to the Scarborough Shoal in the South China Sea amid roiling tension with the Philippines over the disputed feature, satellite imagery obtained by Reuters shows. Read our exclusive report.
- Russia-linked hackers broke into more than 170 email accounts belonging to prosecutors and investigators across Ukraine during the last several months, according to data reviewed by Reuters, a campaign that shows how Moscow’s spies are keeping tabs on the Ukrainian officials tasked with rooting out corruption and Russian collaborators.
- Democratic Republic of Congo is set to receive more than 30 deportees from the United States this week, four sources told Reuters, the latest example of Washington using agreements with African governments to accelerate migrant removals
- Hungary's election winner Peter Magyar said that he will suspend state media news broadcasts, which critics at home and abroad say became a government mouthpiece under Viktor Orban, and restore media freedoms after his cabinet takes power.
- The Georgian government has announced higher education reforms, affecting funding and the geographical redistribution of faculties. Once seen in the West as a burgeoning democracy, on the fast track to joining the European Union, Georgia is increasingly turning its back on the West and deepening ties with Moscow.
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- The International Monetary Fund cut its growth outlook to 3.1% assuming a short-lived Iran war but said the world was already drifting toward a more adverse scenario of 2.5% growth in 2026 as Strait of Hormuz shipping disruptions continue.
- The US dollar has given back most of the gains sparked by the Iran war, as a tentative ceasefire revived appetite for riskier currencies, but investors said robust demand for US assets and waning prospects for US interest-rate cuts should buttress it against sharper declines.
- Chinese officials have held initial talks with providers of equipment to make solar panels as they consider limiting exports of the most advanced technology to the United States, five people with knowledge of the consultations said.
- Amazon.com said it will acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon Musk's Starlink. But Greg Bensinger tells the Reuters World News podcast the acquisition faces hurdles in rivaling Starlink because of a massive satellite count disparity. Listen now.
- The US Treasury's bank regulation agency has terminated the lease for the Consumer Financial Protection Bureau's Washington headquarters after 14 years and agreed to pass the premises to the federal government's general real estate management agency, records obtained by Reuters show.
- Carmakers and battery companies facing a weak US market for electric vehicles are scrambling to repurpose battery factories to make energy-storage systems to fuel AI's thirst for power instead. But converting plants to new types of batteries won’t be easy, nor will the demand for energy storage materialize fast enough to absorb a glut of unused factory space for EV batteries.
- From DFS to Avolta, duty-free stores selling premium perfumes and spirits to big spenders are feeling the pinch as conflict in the Middle East shuts airports and curbs travel to the region, a setback likely to become more acute as the war drags on.
- India's markets regulator will allow companies to cut the size of IPOs by as much as 50% without filing additional onerous paperwork as the Iran war has made it hard to follow through with initial plans, according to an email seen by Reuters.
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Rattled by Trump, US allies eye Japan's biggest arms opening since World War Two |
Type 10 tanks operate during a military drill by the Japanese Ground Self-Defense Force 1st Airborne Brigade in Japan, January 11, 2026. REUTERS/Kim Kyung-Hoon/File Photo
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Japan's imminent easing of arms export rules has sparked strong interest from Warsaw to Manila, Reuters reporting found, as President Donald Trump wavers on security commitments to allies and the wars in Iran and Ukraine strain US weapons supplies.
Among the potential new customers are the Polish military and the Philippine navy, which are undergoing modernization amid regional security challenges, according to Reuters interviews with Japanese officials and foreign diplomats in Tokyo.
Defense contractors Toshiba and Mitsubishi Electric are hiring staff and adding capacity to capitalize on demand, their executives said, providing previously unreported details.
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The painting "Tete de femme (1941)" by Pablo Picasso is displayed at Christie's auction house in Paris, France, April 14, 2026. REUTERS/Tom Nicholson/File Photo
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Ari Hodara, a 59-year-old software engineer from Paris, won a Picasso painting worth 1 million euros in a non-profit raffle.
The Frenchman was selected at random at Christie's auction house in Paris from 120,000 tickets sold at 100 euros apiece. The raffle's proceeds will fund Alzheimer's disease research.
Launched in 2013, this year's prize at the "1 Picasso for 100 euros" raffle was "Tête de Femme" (Head of a Woman), a gouache-on-paper portrait painted by Pablo Picasso in 1941.
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