World News

Xi calls on Brics to safeguard supply chains, deepen Global South ties

The Chinese president also called for reform of the international financial architecture to increase the representation of developing countries

130 missing after Indonesian passenger ship overturns, search underway

At least 107 people were rescued and the bodies of six passengers were recovered as the search operation expanded in waters around the vessel's last known position

Anthropic's AI warning may weigh on chip stocks, but trade seen intact

Calls by AI leaders to slow advanced model development could pressure chip and tech stocks initially, but strong demand for computing infrastructure may limit the impact

Brics summit joint statement takes aim at US war, tariffs and sanctions

Brics leaders issued a joint statement expressing concern over the West Asia conflict while criticising unilateralism, tariffs and sanctions, without naming the US

'Nepal disaster highlights need for multi-hazard assessment of Himalayas'

GSI official warned that avalanches, landslides and river blockages can combine to trigger flash floods, calling for integrated satellite monitoring and ground-based assessment

German companies lift China investment as US outlays fall, shows IW study

German firms invested €5.6 billion ($6.50 ​billion) more in China ​than in the same period of the ​previous year, based on IW's analysis of Bundesbank data

Iranian commercial vessel hit near Strait of Hormuz, 1 killed, 3 injured

An Iranian commercial vessel was struck near Qeshm Island in the Strait of Hormuz, killing one person and injuring three others, according to state media

Russia imports record fuel from India as Ukraine strikes hit refineries

India supplied 70 per cent of Russia's oil product imports in August, including 120,000 tonnes of gasoline worth 78 million euros, CREA said in its monthly analysis

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Oracle co-founder Larry Ellison cancelled a plan to sell up to 50 million shares worth about $7.5 billion, saying no shares were sold under the plan

All eyes on Warsh as rate-hike fever spreads across G7 central banks

3 decisions, starting with the Federal Reserve on Wednesday and followed on successive days by peers in the UK and Japan, may recast the global monetary policy landscape for rest of 2026 and beyond

Tesla to unveil long-delayed next-gen Roadster on October 1: Elon Musk

The unveiling event ‌could include a demonstration of a limited-edition version equipped with ​cold-gas thrusters developed in collaboration with SpaceX

South Korea tests global investor appetite with longer trading hours

Korea Exchange will extend trading in nearly all local stocks until 8 pm, seeking to boost foreign participation

SpaceX set to get weighting boost in Nasdaq 100 after index rebalance

Its weighting is expected to rise to about 2.82% from roughly 1.28%, based on pro forma data from Nasdaq's Global Index Watch circulated late Friday

No IPO in 2026, firm to prioritise safety, says OpenAI CEO Sam Altman

Altman said this year would be an 'ill-advised moment' for initial public offering and that a listing won't take place until next year

Current inflation shock likely to last longer than expected: ECB president

The ECB raised interest rates this week for the second time since the Iran war sent oil and gas prices soaring

US judge rules Trump DHS plan for 50% Fema staffing cuts as unlawful

US federal judge ruled that the Trump admin unlawfully sought to cut Fema staffing by 50%, saying the move violated congressional protections governing the disaster agency

Iraq says attack on Saudi Arabia's pipeline originated from its territory

Iraq dismissed a provincial commander after finding Saudi pipeline attacks were launched from its territory

Union ministers, CMs attend PM Modi's Brics gala dinner in New Delhi

The ministers were allotted different tables where delegates from different countries joined them during the dinner

Iranian President Pezeshkian meets Abu Dhabi Crown Prince in Delhi

It will be the first such meeting since the start of the West Asia conflict

Anthropic CEO Amodei sounds alarm, urges slowdown in AI development

Anthropic CEO Dario Amodei has urged a slowdown in AI development, warning that rapid advances could outpace efforts to keep AI systems safe. Elon Musk backed his call