World News

Why AI stocks could crash even if AI succeeds: ECB explains the risk

The ECB said AI can boost productivity and profits, but rising economy-wide risks could still trigger a stock correction, with a US tech sell-off potentially spreading to European markets

UK PM Burnham exchanged messages with impersonator posing as Trump's aide

Andy Burnham communicated with someone posing as White House chief of staff Susie Wiles, an incident on which Downing Street has declined to comment

China starts first regular container service through Arctic: Why it matters

The service, officially called the China-Europe Arctic Express and branded by the Chinese carrier as the 'Ice Silk Road', will sail along Russia's Northern Sea Route

60-day deadline for Iran peace deal is expiring. Here's where things stand

Talks, such as they are, have focused on reopening the Strait of Hormuz and lifting a US blockade on Iran, both of which were supposed to have happened under the interim deal

2 killed as Russian strike hits ArcelorMittal steel plant in Ukraine

According to Russian state-run newspaper Rossiya Gazeta, the strike on Sunday hit key energy and blast furnace production facilities at the plant in Kryvyi Rih

US envoy Gor to outline roadmap for deeper India-US trade, strategic ties

The US Ambassador to India will deliver a special address at the IACC National Convention 2026 in Mumbai, with technology, investment, supply chains and economic cooperation on the agenda

Meta faces landmark US trial over child safety on Facebook, Instagram

US states are seeking extensive financial damages that could, in theory, total as much as $1.4 trillion, plus changes to how the company operates Facebook and Instagram

Nestle looks to develop new products to serve users of weight-loss drugs

The rapid adoption of drugs made by Novo Nordisk and Eli Lilly has fuelled investor concerns that appetite-suppressing medicines could permanently reduce demand for packaged foods, snacks and beverage

South Korea plans underwater data centre as AI boom strains land and power

Ulsan is developing a seabed data centre that could house 100,000 servers, using seawater for cooling as South Korea faces mounting constraints on land, power and grid capacity

Jain Global expands staff, office space in Asia ahead of Millennium tie-up

With the agreement pending completion next month, Jain Global is continuing to woo Asia-based portfolio managers with promises of a different structure

Alibaba to sell its gaming arm for $1.5 billion in boost to AI pivot

Alibaba is undergoing a broader corporate reorganization, divesting non-core assets while making AI and cloud computing a top strategic priority with the aim of reaching $100 bn in AI revenue in 5 yrs

How false nuclear claim about Iran ricocheted from India to Washington

A dubious post that spread on X became the basis of false claims that Iran's leadership had declared it a nuclear power

Jared Kushner meets Hamas chief on Gaza road map, to meet Netanyahu next

Trump's son-in-law Jared Kushner met Hamas chief Khalil al-Hayya in Egypt ahead of talks with Israeli PM Netanyahu, as US mediators seek to revive a 15-point Gaza ceasefire road map

Indonesia earthquake death toll rises to 53 as rescue operations continue

More than 900 homes were destroyed and 450 more damaged in East Nusa Tenggara province, forcing about 5,000 people into temporary shelters

Big, bold step: Trump welcomes Saudi-Turkey-Pak defence pact amid Iran war

The agreement was signed August 7 by Saudi Crown Prince Mohammed bin Salman, Turkish President Recep Tayyip Erdogan and Pakistan Prime Minister Shehbaz Sharif

Trump orders Pentagon to scale back US-South Korea joint military drills

The move comes after Trump said South Korea declined to help denuclearise Iran, days before the allies are set to begin their annual 11-day joint exercises

Israel strikes Lebanon again, 11 dead; Iran still defiant on Hormuz control

Trump said a US blockade of Iranian ports was a "wall of steel" that enabled Washington to effectively govern Hormuz

Russia carries out wave of airstrikes on Ukraine, kills two at steel plant

Romania, which borders Ukraine, said an F-18 fighter on a Nato air policing mission had shot down a drone that breached its airspace during the latest attacks

UK hospitals unprepared for heat as 'horrific' conditions grip wards

The past few months have revealed the extent to which Britain's healthcare system appears unprepared for the profound change in climate already underway

Category 1 hurricane Lala lashes Hawaii's Big Island, but avoids landfall

While the Big Island has gone more than a century without a hurricane strike, Hawaii isn't immune to tropical storms