World News

Federal judge halts Paramount and Warner merger for at least two weeks

12 US states, led by California, sued to block Paramount's pending buyout of Warner last week - alleging that such a combination would 'extinguish competition' in Hollywood

Yemen's Houthis announce Saudi naval blockade: What it means for oil trade

The Houthis have declared a naval blockade on Saudi Arabia, a move that could affect oil exports, shipping through the Bab el-Mandeb Strait and global energy markets

Trump tariff policy 'wildly successful', more coming, says USTR Greer

Greer said the Trump admin had changed the US trade policy of 70 years in the past year and the new measures have resulted in reducing the trade deficit and reshoring of businesses

Who is Andy Burnham, Labour leader succeeding Keir Starmer as UK PM?

Andy Burnham succeeded Keir Starmer as UK prime minister after winning the Labour leadership. Here's a look at his political journey, rise to power and the challenges ahead

Extreme heat morphs into a major economic shock for an unprepared Europe

The region, where temperatures are rising at a pace that's roughly twice the global average, can no longer afford to ignore the economic impact of global warming

Who is Kanishka Narayan? Indian-origin MP named UK's first AI minister

Kanishka Narayan had previously served as Minister for AI and Online Safety since September 2025 under former Prime Minister Keir Starmer

What to know about key challenges Andy Burnham faces as UK prime minister

Burnham became prime minister after spending most of the past decade running Greater Manchester as mayor of a northwest England region with 3 million residents

US and Iran dig in over Hormuz, showing limits of intensifying airstrikes

While the Trump administration says it is open to diplomacy, Iran so far has refused to loosen its grip over the crucial oil shipping corridor in the Persian Gulf

Brent could top $120 if Hormuz disruptions persist: Goldman Sachs

At present, Goldman sees Brent at $80 a barrel in the fourth quarter, and $75 next year, predicated on a de-escalation of tensions in the West Asia

Nolan's 'The Odyssey' powers Hollywood toward strongest year since 2019

The Odyssey, the first film to be shot entirely on Imax Corp. cameras, brought in $264.1 million globally in its opening weekend, surpassing expectations in North America and around the world

Mexico sees tourism boost as 3 mn foreign visitors attend Fifa World Cup

Foreign tourists accounted for about 40% of the 7.5 million total trips to Mexico City, Guadalajara and Monterrey between June 8 and July 12, with the rest made up of domestic travelers

Fifa World Cup final wasn't 'what we dreamed,' says Nike Football chief

For a sportswear and sneaker company like Nike, having its teams fall short of the final means missing out on the windfall generated by fans splurging on merchandise

UK PM Burnham names Kanishka Narayan as first AI minister to attend cabinet

Narayan, a Labour politician from Wales, was appointed minister for AI and online safety in September 2025 under Burnham's predecessor Keir Starmer

US attacks Iran for 10th consecutive night, another tanker hit in Hormuz

Recent rounds of attacks between Iran and the United States come as the two countries vie for control of the strait

Trump imposes 50% tariffs on most Canadian goods, cites unfair trade

The move could unleash a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before Trump

Samsung Biologics to acquire PolyPeptide in $1.8 billion deal

Shares of Samsung Biologics declined as much as 3.3% in Seoul on Monday. PolyPeptide shares jumped as much as 5.6%

4 Indian nationals killed in Russian missile strike on vessel in Black Sea

India condemned the Russian missile strike on the Guinea-Bissau-flagged merchant vessel Golden Leo near Odesa that killed four Indian crew members and critically injured another

Burnham takes over as UK Prime Minister, promises to end instability

Andy Burnham said politicians had failed to bring the stability needed to raise living standards, something he said he would change with immediate policies, a longer term plan to be drawn up later

Lockheed to make cheaper Patriot interceptors amid demand spike

Initial production could start within 36 months, the company said, adding that it plans to develop and manufacture the weapon with US and European industry partners

Oil steadies as hopes of renewed US-Iran negotiations offset Houthi threat

Benchmark ​prices had earlier touched more than one-month highs on concern over disruption to shipments through the ​Strait of Hormuz