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IndiGo Suspends Six Routes Until September, Cites Rising Costs
IndiGo suspends flights to six Asian destinations until September 30, 2026, due to weak demand and high operational costs.
Iran Demands $24B in Frozen Assets for Peace Deal, June 06
Iran demands $24 billion in frozen assets for US peace deal. Military tensions escalate as talks remain deadlocked between nations.
China Tracks Dutch Frigate in Taiwan Strait, June 06
China’s military tracked a Dutch Navy frigate in the Taiwan Strait on June 5, citing concerns over sovereignty. The Netherlands says its passage…
Hegseth Calls for 3.5% Defense Spending, China Skips Dialogue, June 06
Hegseth urges Asian allies to increase defense spending to 3.5% of GDP at Shangri-La Dialogue amid China’s absence.
Nepal’s Foreign Minister Meets NSA Doval in Delhi, June 06
Nepal Foreign Minister Shisir Khanal meets NSA Ajit Doval in Delhi to discuss bilateral ties, border management, and security cooperation.
HSBC Stock Falls 3.1% as Hong Kong Shares Weaken, June 06
HSBC stock fell 3.1% to HK$141.80. The bank offers 10% deposit rates, with Meyka rating it B+ and targeting HK$169.38 in 12 months.
Saudi Arabia Opens New Red Sea Shipping Route to India, June 06
Saudi Arabia launches SRS shipping service from Jeddah to India’s Mundra Port with 2,144 TEU capacity, supporting Red Sea trade growth.
USD/JPY Hits 160 as BoJ Rate Hike Odds Rise, June 06
USD/JPY nears 160 level amid BoJ intervention risk. Strong US jobs data supports dollar as yen weakens and rate-hike odds surge.
HSBC Faces €80M Bond Over Lebanon Money Laundering Case, June 06
HSBC faces formal charges in France for allegedly helping Lebanon’s central bank chief launder USD 330 million, ordered to post 80 million euro bond.