World News
Italian family clashes over Del Vecchio's $46 billion Ray-Ban empire
A governance crisis at EssilorLuxottica deepens as heirs of founder Leonardo Del Vecchio struggle to manage the fortune he built before his death
 "Italian family clashes over Del Vecchio's $46 billion Ray-Ban empire")
EU AI Act: What changes as new transparency rules take effect from August 2
The European Union's AI transparency rules become applicable from August 2, bringing mandatory disclosures for certain AI-generated content and significant penalties for violations
 "EU AI Act: What changes as new transparency rules take effect from August 2")
US Senators warn Apple not to buy chips from blacklisted Chinese firms
Bipartisan lawmakers warn Apple against sourcing memory chips from CXMT and YMTC, citing national security concerns over reliance on Chinese suppliers
 "US Senators warn Apple not to buy chips from blacklisted Chinese firms")
Salman Rushdie stabbing case: US national convicted on charges of terrorism
On August 12, 2022, Hadi Matar attempted to murder Rushdie in an effort to carry out a fatwa calling for his execution because of the novel "Satanic Verses", published in 1988
 "Salman Rushdie stabbing case: US national convicted on charges of terrorism")
Asian stocks choppy after rout, Fed leaves markets uncertain on rates
Asian chipmakers have been the centre of attention this week after a deep selloff in South Korean stocks that wiped more than $2 trillion from the country's equity market rocked markets
 "Asian stocks choppy after rout, Fed leaves markets uncertain on rates")
Wildfires rage across southern Europe; 3 firefighters killed in Greece
France's largest blaze- four times the size of Paris- threatens to spread as temperatures near 40 degrees Celsius, while heat, drought and strong winds fuel fires across the region
 "Wildfires rage across southern Europe; 3 firefighters killed in Greece")
Trump wants Iran tariffs added to Russia sanctions bill, risking delay
US President urges lawmakers to expand the Russia sanctions legislation to include broad tariff powers against Iran as the measure heads to the House
 "Trump wants Iran tariffs added to Russia sanctions bill, risking delay")
Samsung posts record Q2 profit as chip giants benefit from global AI boom
Operating profit jumps more than 19-fold to a record 89.5 trillion won ($62 billion), driven by strong demand for AI memory chips, even as investor concerns weigh on shares
 "Samsung posts record Q2 profit as chip giants benefit from global AI boom")
US strikes Iranian targets day after Tehran attacks American base in Jordan
Donald Trump once again vowed to hit Iran "very hard" as retaliatory strikes widen the conflict; attacks also reported near the Strait of Hormuz and Egypt's Damietta port
 "US strikes Iranian targets day after Tehran attacks American base in Jordan")
Fed leaves rates unchanged; three policymakers dissent in favour of a hike
Warsh, who took over as Fed chair in May, has said he has "no tolerance" for inflation that has remained above the central bank's 2 per cent target for more than five years
 "Fed leaves rates unchanged; three policymakers dissent in favour of a hike")
From US to China: How countries punish exam cheating and paper leaks
As Parliament debates tougher penalties for paper leaks, here's how countries from China and South Korea to the US, UK and Singapore punish exam fraud and organised cheating
 "From US to China: How countries punish exam cheating and paper leaks")
Iran fires missiles at US forces after Iraq strikes kill militia fighters
The flare-up on multiple fronts, after several days of relative calm, raised the risk of a return to all-out war. It also underscored the difficulty of winding down a five-month conflict
 "Iran fires missiles at US forces after Iraq strikes kill militia fighters")
Fifa's private equity push opens new front in power struggle with Europe
The global governing body led by Gianni Infantino plans to create a $20 billion subsidiary to run the World Cup and other FIFA events, offering stakes of up to 20% to external investors
 "Fifa's private equity push opens new front in power struggle with Europe")
Bangladesh 'reviewing' PM Modi's invitation to PM Rahman for India visit
Bangladesh is "reviewing" Prime Minister Narendra Modi's invitation to his counterpart Tarique Rahman to visit India, a senior minister said here on Wednesday.
 "Bangladesh 'reviewing' PM Modi's invitation to PM Rahman for India visit")
Oil prices jump nearly 7% after major airstrikes resume in West Asia
Brent crude surged nearly 7% as renewed West Asia strikes, Strait of Hormuz tensions and falling US crude inventories stoked fears of supply disruptions
 "Oil prices jump nearly 7% after major airstrikes resume in West Asia")
Why Johnson & Johnson plans to pay $5.5 bn after insisting talc was safe
Johnson & Johnson's proposed talc settlement shows that for large corporations, removing years of legal uncertainty can sometimes matter more than proving they are right in court
 "Why Johnson & Johnson plans to pay $5.5 bn after insisting talc was safe")
Death toll in Japan earthquake rises to 18 as rescue efforts continue
A magnitude 7.1 earthquake struck the Kumamoto area on the southern main island of Kyushu late Tuesday afternoon
 "Death toll in Japan earthquake rises to 18 as rescue efforts continue")
Why countries are embracing nuclear power again, decades after Chernobyl
Italy's return to nuclear power reflects a broader shift. Here's why countries are reconsidering atomic energy after Chernobyl and Fukushima despite lingering safety concerns
 "Why countries are embracing nuclear power again, decades after Chernobyl")
Iran rejects Oman's proposal for joint management of Strait of Hormuz
Iran has rejected an Omani proposal for joint regional management of the Strait of Hormuz, calling it unrealistic
 "Iran rejects Oman's proposal for joint management of Strait of Hormuz")
US bans foreign-made humanoid robots, targeting China on security grounds
The decision could strain bilateral relations as the technology race between the two world leaders advances
 "US bans foreign-made humanoid robots, targeting China on security grounds")