The Sensex dropped nearly 400 points, while Nifty fell over 100 points as US markets recorded their worst single-day fall since 2022. The Dow Jones fell 2.08%, and the Nasdaq plunged 4%, triggered by fears of a US recession and trade war concerns. Major Indian IT stocks saw sharp declines, with Infosys dropping 3.09% and Wipro falling 2.21%. Experts warn of continued volatility but advise investors to focus on quality stocks. The decline in the dollar index, however, could benefit emerging markets like India.

US Secretary of State Marco Rubio sees potential in Ukraine’s partial ceasefire proposal ahead of key talks in Saudi Arabia. Kyiv plans to propose an aerial and naval truce with Russia, though Moscow has rejected such moves before. Rubio, joined by US officials, said Ukraine must show commitment to diplomacy to resume paused US military aid. President Volodymyr Zelensky met Saudi Crown Prince Mohammed bin Salman but won’t formally participate. The negotiations come amid rising pressure from Donald Trump for Kyiv to accept a ceasefire. The US may also discuss a minerals deal with Ukraine during the talks.

A cargo ship crashed into a US-chartered tanker carrying jet fuel in the North Sea, near Hull, UK. The collision caused a fire and a fuel leak. One crew member from the cargo ship is missing, while others have been rescued. The tanker, Stena Immaculate, was carrying 220,000 barrels of jet fuel. The cargo ship, Solong, had 15 containers of toxic sodium cyanide. UK authorities are investigating the accident. Experts warn of environmental risks. All vessel traffic in the Humber estuary is suspended as emergency teams work to control the situation.

Ukrainian President Volodymyr Zelenskyy arrived in Saudi Arabia before key talks between his team and US officials. The meeting follows his tense visit to Washington, where he clashed with President Trump. Ukraine hopes to restore US military aid and intelligence support. US Secretary of State Marco Rubio, also in Saudi Arabia, said Ukraine must be ready for "difficult decisions" to end the war. Zelenskyy met Crown Prince Mohammed bin Salman, while British PM Keir Starmer urged Trump to restart US aid. The EU has also boosted security funding as Ukraine seeks international support against Russia.

Elon Musk said his platform X faced a "massive cyberattack" on Monday, causing global outages. He claimed the attack came from the "Ukraine area," suggesting a large group or nation was involved. However, the pro-Palestinian hacker group Dark Storm Team took responsibility, saying they targeted X for supporting Israel. Cybersecurity experts warn that IP addresses can be misleading. Many users reported login issues throughout the day. Musk said X faces attacks daily but this one was "on another level." The true source of the attack remains unclear.

A US-flagged oil tanker, Stena Immaculate, and a Portuguese-flagged cargo ship, Solong, collided in the North Sea off East Yorkshire, UK. Fires broke out on both vessels, prompting a large-scale rescue operation. The alarm was raised at 9:48 AM, with the UK Coastguard deploying lifeboats, a helicopter, and a fixed-wing aircraft. Reports suggest several crew members abandoned ship. By 11:40 AM, one lifeboat was stood down, while others continued search efforts. Authorities are investigating the cause of the collision, and emergency teams remain on-site to manage the situation. The incident remains ongoing.

London’s Tower Bridge was shut after a man climbed its railings around 10:40 AM, causing severe congestion in the area. Emergency services, including firefighters using a cherry picker, engaged with the individual before safely bringing him down. Police urged the public to avoid the landmark, with detours affecting traffic from Limehouse to Aldgate and Bermondsey. Buses, including routes 42, 78, and 343, were diverted. The bridge remained closed as of 12:30 PM, according to traffic reports. Authorities later reopened the bridge, but delays continued due to earlier disruptions.

Mark Carney, the new Prime Minister of Canada and successor to Justin Trudeau, has hinted at rebuilding ties with India. In a resurfaced video, Carney emphasized the need to “rebuild relationships with India” based on shared values. India-Canada ties had soured after Trudeau accused Indian agents of involvement in Khalistani terrorist Hardeep Singh Nijjar’s killing, a claim India denied. Diplomatic tensions led to mutual expulsions of diplomats. Carney’s remarks suggest a potential reset in relations. Talks on trade diversification and diplomatic engagement are expected as Canada’s leadership transition unfolds.

A nationwide strike by German airport workers has led to hundreds of flight cancellations, affecting over 500,000 passengers. The Verdi trade union, demanding an 8% pay rise, began industrial action at Hamburg Airport before expanding to major hubs, including Frankfurt, Munich, and Berlin. Lufthansa reported "extensive cancellations," while Munich Airport warned of a "greatly reduced flight schedule." Waste collection workers in Berlin and other cities also joined the strike. Verdi insists the disruption is necessary to secure better wages, while employers call the demands unaffordable. Talks are scheduled for Friday in Potsdam.

Prime Minister Narendra Modi arrived in Mauritius for a two-day state visit, attending the island nation's 57th National Day celebrations as the chief guest. India and Mauritius will sign multiple agreements on maritime security, financial crime prevention, and trade cooperation. PM Modi and Mauritius PM Navinchandra Ramgoolam will inaugurate an India-funded civil service college and health center. The visit underscores India's close ties with Mauritius, where 70% of the population is of Indian origin. Talks will also cover ocean observation and regional security as India counters China's influence in the Indian Ocean.