World News

SpaceX shares slip for third day, shedding $600 billion in market value

The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its 3-day loss to 23% and erasing over $600 billion in value over that period

Trump signs orders to speed up US quantum adoption, boost cyber defences

The orders would boost the US 'as the world leader in this very important emerging field,' Trump said at the White House

Hormuz will never go back to its pre-war status: Iran's Parliament Speaker

Iran's Parliament Speaker Mohammad Bagher Ghalibaf said Iran would exercise control over the key maritime passage going forward

US senators flag Pak's history of harbouring terrorists, hiding bin Laden

This came against the backdrop of Vance's "we love Pakistan" remark in Switzerland, where he, along with leaders from Pakistan and Qatar, were negotiating technical details of a peace deal with Iran

Oracle cuts 21,000 jobs in 12 months, cites AI-driven workforce changes

The company's global headcount shrank to 141,000 full-time employees as of the May 31 end of the fiscal year, compared with 162,000 a year earlier

Jaishankar holds key meetings in Mongolia to deepen strategic partnership

Jaishankar said he met the Speaker of the State Great Khural, Sandag Byambatsogt, and welcomed his support for India-Mongolia parliamentary exchanges and friendship

Very productive 36 hrs: Vance as he departs after Iran talks in Switzerland

Speaking to reporters ahead of his departure from Switzerland, Vance said significant steps had been taken to establish mechanisms aimed at ensuring stability in the region

Top US auto regulator opens special probe after Tesla slams into Texas home

The regulator said it's opening a special probe in the Tesla Model 3 crash near Houston, a significant probe because the car was using technology that Elon Musk considers key to the company's future

Pentagon seeks $80 billion from Congress to cover mounting Iran war costs

The White House Office of Management and Budget has yet to make a formal request to Congress. But Defence Secretary Pete Hegseth has been making the rounds on Capitol Hill, including Monday evening

12 Indians among 13 killed in explosion at factory in Qatar's Ras Laffan

The explosion at the Barzan local gas supply facility at Ras Laffan Industrial City, which is operated by QatarEnergy LNG, injured 66 people, including Indians

Alan Greenspan, who led Fed during boom before 2008 bust, dies at 100

Greenspan, who led the US Federal Reserve from 1987 to 2006, was celebrated for steering economic expansion but later faced criticism over the financial crisis that followed

Europe braces for prolonged heatwave as France, UK issue red alerts

A powerful heatwave sweeping western Europe has triggered red alerts, school closures and energy concerns, with forecasters warning of further extreme temperatures through July

Why Andy Burnham is again being discussed as Labour's future leader

A return to Westminster has reignited speculation around Andy Burnham's national ambitions, with allies viewing him as a politician capable of reconnecting Labour with disillusioned voters

US-Iran talks lay 'good foundation' for final peace deal, says Vance

The United States and Iran agreed on a roadmap towards a permanent agreement within 60 days, with progress reported on nuclear inspections, oil exports and maritime security

US authorises Iranian oil sales as talks advance towards final peace deal

The United States has temporarily eased sanctions on Iranian oil exports, linking the move to commitments by Tehran on nuclear inspections and free transit through the Strait of Hormuz

X suffers outage for thousands of users in US, shows Downdetector

More than 27,000 users reported problems accessing Elon Musk-owned social media platform X, according to outage-tracking website Downdetector

After Starmer's exit, Britain prepares for its seventh PM in a decade

From Brexit and the pandemic to economic crises and party rebellions, the UK has experienced one of the most turbulent periods in its modern political history

BofA forecasts 75 bps of Fed rate hikes in 2026 on labour resilience

BofA Global Research expects the US Federal Reserve to raise rates three times in 2026, citing resilient economic data and expectations of a hawkish Fed under Kevin Warsh

Keir Starmer resignation: Top five Labour leaders who could succeed him

Keir Starmer resignation: From Andy Burnham and Wes Streeting to Angela Rayner, several Labour heavyweights are emerging as potential successors

From landslide win to downfall: How Keir Starmer lost backing of supporters

His term is ending less than two years later after missteps, party infighting and one colossal error of judgment that indirectly ensnared him in the scandals surrounding Jeffrey Epstein