Headline news for May 12, 2026: President Trump calls the Iran ceasefire on life support and dismisses Tehran's peace proposal as a piece of garbage as the two sides remain deadlocked. Japan's bond yields hit their highest level since nineteen-ninety-seven as the Bank of Japan faces growing pressure to raise rates.

Synopsis: A round up of global headlines to start your day by The Business Times.

Written by: Claressa Monteiro (claremb@sph.com.sg)

Produced and edited by: Claressa Monteiro or Howie Lim

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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