World News

Donald Trump pegs nuclear deal to Saudi Arabia joining Abraham Accords

Trump said that the Civil Nuclear Deal pertains only to non-military use such as the ones that Iran and UAE already have, will be approved, but is subject to Saudi Arabia joining the Abraham Accords

Trump threatens Iran with military action after Houthi tanker strikes

The prospect that disruption could widen to a second sea sent global oil prices surging in one of the steepest rises of the war.

Nestle beats Q2 sales estimate, set to raise €3 billion from joint venture

The company has been reshaping its portfolio under Chief Executive Officer Philipp Navratil, who has sought to improve growth and profitability by focusing on the company's core brands

Jeff Bezos pushes Prime Video redesign focused on artificial intelligence

The Prime Video initiative grew out of an internal presentation the streaming service's executives made to Bezos last autumn that turned contentious

US temporary 10% tariff on Indian goods expires Friday unless renewed

If no fresh announcement is made in the next few hours, imports from India and other US trading partners will revert to the tariff regime that existed before April 2, 2025

Google hit with $1 billion EU fine for breaking antitrust regulations

The European Commission fined Google €890 million for breaching Big Tech rules, while acknowledging progress in the company's efforts to comply with the EU's Digital Markets Act

Tesla's profit dips as spending for AI goals surged to $5.8 bn in Q2CY27

Tesla's profit fell as AI spending surged to $5.8 billion, leading to its first cash burn in two years despite stronger-than-expected revenue and EV sales

Rubio to meet Russia's foreign minister to revive Ukraine peace efforts

US Secretary of State Marco Rubio will meet Russian Foreign Minister Sergey Lavrov on the sidelines of the Asean meetings in Manila, with Ukraine expected to dominate the discussions

Bangladesh President likely to resign soon amid rising political tensions

Shahabuddin was elected to the highest office by the past parliament and happens to be the only person still holding his constitutional position long after the July-August 2024 student-led protest

West Asian oil producers step up plans to bypass Strait of Hormuz

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait.

JPMorgan plans 1,000 India GCC hires despite AI-driven workforce cuts

JPMorgan Chase said the hiring will focus on technology roles across cloud architecture, cybersecurity and AI data pipelines.

Indian-American Amish Shah wins key congressional primary from Arizona

Indian-American Democrat Amish Shah won the Democratic primary for Arizona's First Congressional District and will face Republican Jay Feely, who is backed by US President Donald Trump, in November

No one will sell oil if we can't, Iran warns as US tensions intensify

Iran warned that preventing its oil exports could affect the wider region as tensions with the US raised fresh concerns over energy supplies

Why Moonshot AI's launch has put Chinese startups in US crosshairs

The US concerns come as Chinese AI artificial intelligence (AI) companies rapidly expand their presence in the global market

US-Iran war: Why desalination plants are critical to Gulf and under threat

Iranian strikes have exposed the Gulf's dependence on desalination plants. Here's why these facilities are vital, vulnerable during conflict, and what a disruption could mean for the region

Pakistan's FDI falls to lowest since 2023 amid tax policy concerns

Pakistan's foreign direct investment fell 34 per cent year-on-year to its lowest level since 2023, as businesses cited unpredictable tax policies and several multinational firms exited the market

Houthis target tankers in Red Sea, threatening new chokepoint in Iran war

The Houthis said they struck two Saudi oil tankers in the Red Sea as the US launched a fresh round of strikes on Iran, heightening concerns over global oil supplies and shipping routes

House Republicans adopt $95 bn package for Iran war and Trump's priorities

The Republican-controlled House passed a $95 billion budget proposal to fund the Iran war and other White House priorities, despite Democrats' opposition and some Republicans dissenting

Samsung's $400K bonus sparks wave of labour demands across South Korea

After Samsung agreed to hefty employee bonuses, labour unions at Hyundai, Kakao, Naver and other major South Korean companies are stepping up demands for higher profit-linked payouts

US Senate panel investigates Amazon over alleged Chinese influence

A US Senate Small Business Committee investigation is examining whether Amazon allowed Chinese influence over its online marketplace, adding to the company's mounting regulatory challenges