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Xi to host ‘old friend’ Putin as China projects stable global role after Trump visit

BEIJING/SINGAPORE, May 19 (Reuters) – Chinese leader Xi Jinping is set to host his “old friend” Vladimir Putin less than a week after Donald Trump’s high-profile visit, as Beijing seeks to project itself ​as a stable and predictable power in a world shaken by trade tensions, wars and an energy crisis. China and Russia have cast Putin’s two-day trip this week — his ‌25th visit to China — as further evidence of their “all-weather” partnership, even as the West urges Beijing to pressure Moscow into ending its war in Ukraine. While China presents itself as a peace mediator in the

Trump moves to dismiss $10B suit against the Internal Revenue Service over leak of tax returns

US President Donald Trump listens to a reporter during the swearing in for Homeland Security Secretary Markwayne Mullin in the Oval Office of the White House, Tuesday, March 24, 2026, in Washington. (Photo: AP)

WASHINGTON (AP) — President Donald Trump on Monday withdrew his $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns amid reports that his administration was considering the creation of a fund to compensate his political allies who believe they have been wrongly investigated and prosecuted. Democrats and government watchdogs immediately pledged to fight what they called a “corrupt” and unprecedented resolution, warning that the arrangement would unjustly enrich people close to the president with taxpayer dollars and open the door to meritless claims of political persecution. Trump’s lawyers disclosed the dismissal of the case

US Treasury, India’s Adani Enterprises settle alleged Iran sanctions violations

WASHINGTON, May 18 (Reuters) – The ​U.S. Department of Treasury on Monday ‌said it had agreed to a $275 million settlement with India’s Adani Enterprises Ltd(ADEL.NS), opens new tab ​over the company’s potential civil liability for ​32 apparent violations of U.S. sanctions ⁠on Iran. Adani Enterprises had bought shipments ​of liquefied petroleum gas from a ​Dubai-based trader purporting to supply Omani and Iraqi gas that had actually originated from Iran, ​Treasury’s Office of Foreign Assets Control ​said in a statement. The U.S. Securities and Exchange ‌Commission separately ⁠settled a civil lawsuit against Indian billionaire Gautam Adani over an alleged scheme

Iran war saddles global companies with $25 billion bill – and counting

May 18 (Reuters) – The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion – and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict ​by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. Businesses are grappling with soaring energy prices, fractured supply chains and trade routes severed by Iran’s ‌chokehold on the Strait of Hormuz. At least 279 companies have cited the war as a trigger for defensive actions to blunt the financial hit,

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