World News

Trump administration moves to impose over $100K fee on H-1B worker visas

A federal judge in June ruled that the fee was illegal and blocked the ‌Trump administration from collecting it.

India's Iran exports set to fall further amid Dubai halt, US sanctions

Indian exporters fear Trump's proposed "economic D-Day" plan, likely to be unveiled later on Monday, could further squeeze trade weakened by sanctions, banking caution and shipping constraints

Xiaomi develops its own AI mobile chip in challenge to Qualcomm, MediaTek

The Xring O3 system-on-a-chip advances Xiaomi's in-house semiconductor design efforts with more power-efficient image processing and better artificial intelligence capabilities

US national debt crosses $40 trn: What govt debt means and how it works

US national debt has crossed $40 trillion. Here's a guide to how government debt works, why governments borrow, who they owe money to, how they repay it and what debt ceilings mean

AI is boosting UK productivity, but it's coming at a cost for workers

Britain has seen a K-shaped recovery: The top end of its economy is doing better than it has in years, but the bottom is struggling

US startup Powerus builds low-cost drone interceptors amid Iran war

For Florida-based Powerus, becoming a global supplier of counterdrone technology has meant involving the Trumps, a golf course and a new way of doing business

Vessels violating Hormuz protocols shall face fines, detention: Iran

The authority also warned that vessels cooperating with ships already listed as non-compliant would themselves be added to the list

Not a single drop of oil will be exported if US economic war persists: Iran

Iran's Supreme National Security Council Secretary Mohsen Rezaei warned that Iran would consider any country supporting or participating in US economic campaign against Tehran to be an 'act of war'

Entering endgame: US Treasury secy announces economic D-Day against Iran

US Treasury Secy Scott Bessent said Washington was entering 'endgame' against Iran with major economic offensive, as Tehran warned it could halt oil exports through Hormuz

United States could bear the brunt of escalating trade war with Canada

New 50 per cent US tariffs and Canada's threat of retaliation raise risks of higher prices, weaker investment and fresh economic shocks amid persistent inflation

Defiant Iran says new sanctions threatened by 'desperate' US will fail

Tehran remains defiant ahead of expected US sanctions announcement on Monday as shipping through the Strait of Hormuz remains virtually at a standstill

Alibaba Group to raise $10 billion by selling shares for AI expansion

The new share placement comes as the Chinese company ratchets up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena

Panama-flagged cargo ship sinks in Bay of Bengal, 22 crew members missing

Two of the 24 crew members aboard MV Ocean Winner have been rescued from life rafts so far, while search-and-rescue efforts are underway to trace the others

Putin says Ukraine opened 'Pandora's box' with strikes on economic targets

Russian president warns Moscow will target Ukraine's sensitive economic sectors in response to drone strikes on Russian infrastructure, including oil refineries

Bangladesh open to join Saudi Arabia-Pakistan-Turkiye defence alliance

Signed in Makkah on August 7, the pact establishes a framework for collective deterrence and stipulates that an armed attack on any one of the 3 countries would be considered an attack on all 3

Syria foreign minister sees Israel security talks resuming despite no trust

Foreign Minister Asaad al-Shaibani says talks frozen since the Iran war could restart soon, with a proposed deal covering security zones and an Israeli withdrawal

Putin wants to draft 300,000 new troops, said Ukrainian President Zelenskyy

Moscow's forces are pressing ahead with an effort to capture the rest of eastern Ukraine's industrialised Donbas region, where its troops have ground forward at what Kyiv says is a great cost

Iran says Pakistan's Army Chief Asim Munir to visit Tehran on Monday

Pakistan has taken on a mediator role in negotiations between Iran ‌and the US aimed at ​ending the war which ​began with US and Israeli strikes on Iran in February

Investors seek clearer Fed guidance from Warsh at Jackson Hole address

Fed Chair Kevin Warsh is under pressure to offer clearer guidance on interest rates and inflation at Jackson Hole, as investors assess sticky price pressures and the outlook for monetary policy

Israeli settler siege of Palestinian homes shows grave reality of West Bank

Loui Ridi travelled from Ohio to Qusra to protect his family home, where residents say Israeli settlers have cut off water, electricity and access amid escalating West Bank violence