Reuters

Anthropic files lawsuit to block Pentagon blacklisting over AI use curbs

The Pentagon said U.S. law, not a private company, would determine how to defend the country and insisted on having full flexibility in using AI for any lawful use

Anthropic says Pentagon blacklisting could hit sales, harm reputation

A looming blacklist by the United States Department of Defense has pushed Anthropic into a legal battle, with executives warning that the move could wipe out billions in projected revenue.

Trump weighs easing Russia sanctions, other measures to cool oil prices

Trump told reporters in Florida on Monday that his administration was lifting sanctions on some countries as part of efforts to stabilise the oil market, but declined to provide details

Oil falls over 6% as Trump predicts de-escalation in West Asia conflict

Shortly after settlement, prices turned negative following news of a phone call between US President Donald Trump and Russian President Vladimir Putin

India has no plans to join IEA strategic oil reserve release: Report

The source also said that India has no plans to restrict its fuel exports as it has 'reasonably' comfortable stocks of gasoline, gasoil and jet fuel

Trump reviews steps to tame oil prices after Iran war roils markets: Report

The turmoil in energy markets comes at a sensitive moment for the president, who has sought to keep fuel prices low as a cornerstone of his economic message to voters

Trump calls on Australia to give asylum to Iranian women's soccer team

The Iranians' campaign in the Australian-hosted Asian Cup tournament started just as the US and Israel launched air strikes on Iran, killing the Islamic Republic's Supreme Leader Ali Khamenei

Embraer sees E175 assembly in India in 2028 if it secures 200 orders

Earlier this ​year, Embraer and India's Adani Group had announced a memorandum of understanding to establish a final assembly ‌line for the Brazilian firm's first-generation jetliners in India

Saudi Aramco cuts output at two oilfields amid Strait of Hormuz crisis

Several of Saudi Arabia's neighbours have also cut production as shipping in oil transit chokepoint, carrying roughly a fifth of global oil and liquefied natural gas flows, has ground to a near halt

Indonesia signs agreement with India to procure BrahMos missiles: Report

In 2023, BrahMos, a company co-owned by the Indian and Russian governments, told Reuters it was in advanced discussions with Jakarta on a deal worth $200 million to $350 million

West Asia conflict could boost palm oil demand from biodiesel sector

Indonesia, the world's largest user of palm oil-based biodiesel, said it may revive plans to roll out a B50 grade of palm oil biodiesel mid-year to counter surging crude oil prices

Central banks across Europe face rising rate hike bets amid Iran war

The unusually sharp repricing came as major oil producers cut supply and fears grew of prolonged shipping disruptions, pushing crude above $119 a barrel its highest level since mid-2022

West Asia crisis complicates rate outlook for Asian central banks

Share markets plunged and the safe-haven US dollar rose in Asia on Monday as oil surged past $110 a barrel, stoking fears of a protracted West Asia war on global energy supplies

Lucky numbers and collusion: How cement cartel targeting ONGC came unstuck

A confidential investigation by the Competition Commission of India has found evidence that several cement companies allegedly colluded for years to rig bids in tenders issued by ONGC

Bangladesh closes universities to save electricity, fuel amid energy crisis

Authorities said the decision applies to all public and private universities across the country

India's finished steel exports jump 36.6% in April-February period

India's crude steel ​production increased 11.2 per cent year-on-year to 153.61 million ‌metric tons over the same ​period

RBI likely selling dollars as rupee weakens amid Iran war, say traders

An over 20 per cent ​jump in ‌oil prices triggered a broad-based ‌selloff in Asian stocks and currencies on ‌Monday as ​investors fretted over ​the deepening conflict in the Middle East

US energy chief defends Russian oil waiver; says gas price spike 'brief'

Wright told CNN's 'State of the Union' that the waiver can help 'tamp this fear of shortage of oil, tamp the price spikes and the concerns we see in the marketplace'

Iran will not bow to pressure from US and Israel, says President Pezeshkian

With no sign of an end to hostilities in West Asia and tankers still not daring to cross the Strait of Hormuz, investors were bracing for a long stretch of higher energy costs

Dollar hits three month high as US-Iran war pushes oil past $100 a barrel

The dollar ​was up 0.8 per cent to $1.1525 on the euro, its highest since November, and rose almost 0.4 per cent to 158.48 ‌yen early in the Asia session