World News

Gulf crude exports jump in July but shipments slowing on latest hostilities

Gulf crude exports hit their highest level since before the Iran conflict, but renewed fighting is slowing tanker traffic through the Strait of Hormuz

US launches new airstrikes to 'swiftly punish' Iran after two troops killed

The US launched fresh strikes targeting Iran's Revolutionary Guard after an attack in Jordan killed two American service members, as fighting intensified around the Strait of Hormuz

Burnham set to scrap digital ID to focus on cost of living policies

The move is the latest in a series of measures Burnham is eyeing in his early days of office, as he plans a series of public statements to signal a change from the previous government under Starmer

Samsung cuts US jobs, offers relocations ahead of headquarters move

Samsung has cut jobs in its US consumer electronics business as it relocates its headquarters to Texas while prioritising growth in AI-driven chip operations

Pension funds try to come to grips with scariest global warming scenario

Pension funds are assessing climate tipping points as a major investment risk, warning irreversible global warming could trigger rapid asset repricing

Cool Biz: Men in shorts are shaking up Japan's buttoned-down offices

Tokyo's decision to allow shorts in government offices is challenging Japan's conservative workplace norms as record heat reshapes office dress codes

Russian missile attack on Kyiv kills 1, exposes holes in air defences

Russia launched missiles and drones at Kyiv, killing one, as fresh attacks also halted oil loadings at the Caspian Pipeline Consortium terminal

Singapore authorities eye tax cuts for fund managers to stay competitive

The Monetary Authority of Singapore is reviewing tax incentives for fund managers after industry feedback that Hong Kong's proposed tax breaks could trigger relocations

Chinese firm demands compensation after UK govt nationalises British Steel

The Chinese company said it has begun negotiations under bilateral investment agreements and may pursue international arbitration, alleging the UK offered almost no compensation for the takeover

Nigerian children pay price for Iran war as malnutrition, poverty surge

Aid workers say soaring fuel and food prices linked to the Iran conflict are worsening child malnutrition in northern Nigeria, where families are already grappling with poverty and insecurity

South Korea's AI-heavy market now sets the tone for global stocks

Fund managers worldwide are increasingly tracking South Korean equities as swings in Samsung Electronics and SK Hynix shape sentiment across global AI and semiconductor stocks

Hungary's President Tamas Sulyok to step down after signing term-ending law

Hungarian President Tamas Sulyok signed a constitutional amendment ending his term, capping a standoff with Prime Minister Peter Magyar's government

9 killed, 80 injured as Ukraine strikes warehouses, oil depot in Russia

Ukrainian drones struck warehouses, an oil depot and other targets in Russia, killing nine people and injuring over 80, as Kyiv stepped up long-range attacks on logistics and military infrastructure

US issues global travel alert for citizens amid rising tensions with Iran

US State Department advised Americans across the world, particularly those in West Asia, to exercise increased caution and stay informed about rapidly evolving security developments

Musk's SpaceX in talks to provide computing power to Pentagon: Report

According to the ‌report, SpaceX employees have ​discussed plans to compete more directly with neocloud firms such ‌as CoreWeave by ​selling computing ‌capacity

US military says 2 troops dead, 1 missing after Iran attack on Jordan base

These are the first US deaths due to Iranian fire since the opening days of the war

Mojtaba Khamenei warns of 'unforgettable lessons' if US continues attacks

The comments came hours after a negotiator said Tehran was suspending its commitments to the interim deal signed about a month ago

Iran suspends interim deal commitments with US amid exchange of attacks

The most significant damage on Saturday occurred in Kuwait when Iran struck a water desalination plant and an oil facility

US, Iran trade strikes over Hormuz; Kuwait suffers infrastructure damage

The region has endured days of back-and-forth attacks in a conflict increasingly focused on control of the strait, an essential waterway that used to carry a fifth of the world's crude oil

DeepSeek seeks fresh funding at $74 bn valuation ahead of onshore IPO

Chinese AI startup DeepSeek is reportedly planning to raise up to 50 billion yuan in a fresh funding round at a valuation of about 500 billion yuan, ahead of a potential mainland stock market listing