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Euro zone banks tighten access to credit as Iran war bites: ECB survey

Euro zone banks tightened access to credit in the three months to March and expect to continue doing so this quarter as the war in Iran pushes up energy prices and funding costs, a European Central Bank survey showed on Tuesday.The ECB's quarterly Bank Lending Survey for the 21 countries that share the euro suggested financing conditions were already worsening as a result of the Iran conflict that started in late February, even before any potential interest rate hike by the ECB.The tightening in banks' criteria to approve loans was larger than expected and, in the case of firms, the sharpest

Euro zone faces higher inflation and tighter credit, surveys show

China's central bank guides banks to step up lending in April, sources say

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The Hormuz digital chokepoint: How does the Iran war threaten subsea cables?

Iran warned last week that submarine cables in the Strait of Hormuz were a vulnerable point for the region's digital economy, raising concerns about potential attacks on critical infrastructure.The narrow waterway, already a chokepoint for global oil shipments, is equally vital for the digital world. Several fibre-optic cables snake across the seabed of the strait, connecting countries from India and Southeast Asia to Europe via the Gulf states and Egypt.WHAT MAKES UNDERSEA CABLES IMPORTANT?Subsea cables are fibre-optic or electrical cables laid on the sea floor to transmit data and power. Th

South Korea's central bank cites war uncertainty in cautious approach, minutes show

EU's top diplomat calls on Southeast Asian countries to seek alternatives to Russian oil

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Drone attack causes fire at Russia's Tuapse refinery, buildings nearby evacuated

A Ukrainian drone attack has caused a "large-scale fire" at Russia's Tuapse oil refinery on the Black Sea, forcing the evacuation of nearby buildings, local officials said on Tuesday.The Rosneft-owned refinery delivers oil products mainly for exports but operations have been halted since April 16 following an earlier drone attack, industry sources said. Ukraine did not immediately comment on the reports. Kyiv has stepped up strikes on Russia since March, with U.S.-brokered talks on the war in Ukraine on pause and Washington mainly focusing on the Iran war."Another serious incident has occurre

Iran willing to share defensive capabilities with Asian partners, deputy defence minister says

Australia moves to tax Meta, Google and TikTok to fund newsrooms

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King Charles to promote British-American unity in speech to Congress

Britain's King Charles will press the importance of unity with the United States and the need to defend democratic values in an address to Congress on Tuesday at a time of deep divisions between the two countries over the war in Iran. Charles and Queen Camilla are on a four-day state visit to the U.S. designed to underscore the ties forged between Britain and its former colony over the 250 years since independence, known in recent decades as the "special relationship". The king will steer clear of the political acrimony between President Donald Trump and British Prime Minister Keir Starmer

Line of succession: Who was and was not at the White House Correspondents’ Dinner

White House and Department of Homeland Security leaders will meet this week to discuss security procedures around events involving President Donald Trump after Saturday’s shooting at the White House Correspondents’ Dinner.The incident has raised security questions, including over the line of succession. CNN previously reported that some Secret Service officials have been reluctant to have both the vice president and the president attend events together off the White House grounds.White House press secretary Karoline Leavitt said Monday there were conversations before the dinner about desig

The Latest: Iran wants Strait of Hormuz reopening tied to an end to the war, officials say

‘The US ripping itself apart’: What the online history of suspected shooter reveals

Suspected shooter’s social media posts show shift from video games to political rage

The suspect charged in the White House Correspondents’ Dinner shooting shared posts comparing President Donald Trump to Adolf Hitler and encouraged others critical of his presidency to purchase guns, according to a CNN review of two social media accounts that appear to belong to him.The accounts linked to 31-year-old Cole Tomas Allen, who appeared in court today on charges of attempting to assassinate Trump, shifted in recent years from posts about video games to angrier political messages.The postings also echo arguments in a message Allen allegedly sent family members before the attack tha

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Facts compete with conspiracy theories after WHCD attack

No sooner had a gunman tried to storm the ballroom of the Washington Hilton, where the White House Correspondents’ Dinner was taking place Saturday night, than social media was awash with conspiracy theories about what was still unfolding in real time.From the collapse of the Francis Scott Key Bridge in Baltimore in 2024 to the LA fires last year, just about every major national breaking news story in the United States today becomes instant fodder for online conspiracy theorists who are often seeking to blame events on their perceived political opponents.Some of the best-known journalists in

Reporters covered the correspondents' dinner shooting in real time. Conspiracy theories still spread

Allyson Felix, 40, looks for a comeback and maybe a spot at the LA Olympics

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Oil prices gain as Iran war stand-off persists

Oil prices rose nearly 3% on Tuesday, extending the previous session's gains, as efforts to end the U.S.-Iran war appeared to have stalled, with the crucial Strait of Hormuz waterway still mainly shut, starving markets of key Middle East energy supply.Brent crude futures for June climbed $2.99, or 2.76%, to $111.22 a barrel by 0758 GMT, after gaining 2.8% to close the previous session at its highest since April 7. The contract is up for a seventh straight day.At their intra-day peak on Tuesday, Brent was up 3.4% on the day at $111.86 a barrel.U.S. West Texas Intermediate (WTI) crude for June

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King Charles to promote British-American unity in speech to Congress

Trump unhappy with Iranian proposal, US official says

South Carolina's measles outbreak is over after sickening nearly 1,000 people

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Trump administration to pay 2 more companies to walk away from US offshore wind leases

The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development. Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States, the Interior Department announced Monday. Bluepoint Wind is an offshore wind project in the early stages of development off the coasts of New Jersey and New York, while Golden State Wind

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Press dinner shooting suspect charged with attempting to assassinate the president

(CNN) - Cole Tomas Allen, the suspect in the White House Correspondents’ Dinner shooting, has been charged with attempting to assassinate the president among other charges. The 31-year-old made his first appearance in federal court on Monday. Investigators are examining a message alleged to be from the suspect. President Donald Trump said in an interview he “wasn’t worried” there would be injuries after the sound of gunfire rang out, detailing how he and first lady Melania Trump realized the seriousness of the situation. Meanwhile, the White House operations team, US Secret Servic