World News

Eli Lilly raises annual revenue expectation as GLP-1 drugs fuel growth

Eli Lilly raised its full-year revenue forecast after stronger-than-expected quarterly results, driven by robust demand for Mounjaro and Zepbound

Honda raises full-year forecasts, posts first profit rise in six quarters

Honda raised its full-year forecasts after quarterly profit more than doubled, aided by a weaker yen and lower US tariff-related costs

Novo outlook hike falls flat as Wegovy pill sales fail to impress

Novo Nordisk raised its 2026 outlook, but investor sentiment remained subdued as Wegovy pill sales disappointed and CagriSema faced another setback

AI goes rogue: OpenAI, Anthropic tests find more 'unsanctioned' actions

The UK AI Security Institute says OpenAI and Anthropic models carried out unsanctioned actions during testing, intensifying concerns over autonomous AI behaviour

Uber intensifies robotaxi plans, shares fall on weak profit forecast

Uber forecast weaker-than-expected Q3 earnings as it reaffirmed heavy investments in robotaxis and acquisitions despite robust second-quarter demand

SpaceX's shares fall, AI splurge puts damper on first earnings after IPO

SpaceX shares fell after the company disclosed a sharp rise in AI spending, overshadowing stronger-than-expected revenue in its first earnings report after listing

Iran may secure control of inbound traffic from proposed Hormuz deal

A proposed Iran-Oman deal could give Tehran greater oversight of ships entering the Gulf via Hormuz, even as Houthi attacks keep regional shipping on edge

Ready to face risk of arrest or death to restore democracy, justice: Hasina

Former Bangladesh PM Sheikh Hasina says she will return in December despite the risk of arrest or death, calling for the restoration of democracy and justice

Pakistani ex-minister arrested on sexual assault charges in UK: Report

Former Pakistani minister Rukhsar Ahmed, under UK police investigation over child sexual abuse allegations, contested and won a PoK election while on bail

Ongoing wars, El Nino to drive world towards fresh food inflation: FAO

FAO's chief economist warns wars, El Niño and rising energy costs could trigger a fresh wave of global food inflation by year-end and into 2027

US-Iran having 'very good discussions', Hormuz to open very soon: Trump

Trump has often threatened massive strikes if Tehran did not ​reach an agreement and then cited progress in talks that have so far failed to end hostilities

Massachusetts declares August 15 as 'India Day' to honour Indian diaspora

A similar proclamation was also issued by Michelle Wu, the Mayor of Boston, declaring August 15 as India Day

An angry Trump struggles to understand defiant leadership of Iran

Iran's leaders have perplexed several American presidents, perhaps none more than President Trump

'Refrigerator for humans' in Japan offers relief from scorching summer

The Do Hiemon Box, which keeps the temperature at a brisk 15C and blows jets of 5C air once someone sits inside, is designed to offer quick relief from potential heat exhaustion or heatstroke

SpaceX eyes AT&T, Verizon, T-Mobile customers with mobile service

The three biggest operators - AT&T Inc., Verizon Communications Inc. and T-Mobile US Inc. - generate hundreds of billions of revenue per year, SpaceX President said

No Israeli withdrawal from Gaza until complete Hamas disarmament: Netanyahu

Netanyahu's remarks cast more doubt on the deal to disarm Hamas, which was seen as a potential breakthrough for ending the war

Iran, Oman near deal to reopen Strait of Hormuz amid push to end war

The emerging agreement calls for ships to enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman

US drafting ban on Chinese data centre networking devices, says report

Reuters reported the Trump administration is preparing fresh curbs on Chinese data centre hardware, with optical transceivers emerging as the latest target

JPMorgan at centre of another global football controversy after Fifa deal

After the failed European Super League, JPMorgan is once again facing scrutiny for its role in a controversial Fifa investment proposal that triggered boycott threats and criticism

Anthropic appoints Mariano-Florentino Cuellar as first global affairs chief

Cuellar's appointment comes as Anthropic faces Pentagon restrictions, export controls and increasing global debate over AI governance and national security