World News

US drafting ban on Chinese energy inverters over security concerns

The proposed rules would restrict imports of new foreign inverter models amid concerns that Chinese-made equipment could pose risks to the US power grid

Apple seeks US nod to buy blacklisted CXMT's memory chips as costs jump

The iPhone maker is seeking assurances that ChangXin Memory Technologies will not face tighter US export restrictions as it looks to manage rising memory chip costs

Uncertainty over Qatar talks clouds prospects for US-Iran agreement

Qatar said only technical discussions are scheduled this week, raising doubts over the pace of efforts to secure a lasting US-Iran agreement and fully reopen the Strait of Hormuz

Hormuz disruption may have lasting impact on vulnerable economies: UNCTAD

The UN trade agency said vulnerable economies could continue to face elevated food, fuel and transport costs even after energy markets stabilise following the reopening of the Strait of Hormuz

For first time, more central banks are set to shrink dollar holdings

An OMFIF survey found more central banks intend to reduce US dollar reserves than increase them over the next decade, while gold continues to gain prominence in reserve management

Yen falls to weakest level against dollar since 1986 amid rate gap

The Japanese currency slipped to a nearly four-decade low against the US dollar as wide interest rate differentials continued to encourage capital outflows from Japan

Warren Buffett skips donation to Gates Foundation amid Epstein review

The billionaire investor is reportedly waiting for the findings of an external review into the foundation's past engagement with Jeffrey Epstein before making his annual contribution

US Supreme Court upholds birthright citizenship, rejecting Trump's proposal

Citizenship, then and now, was the right to have rights-to freely participate in our political community, the judge said

Trump tariff defeat is market tailwind 'no one is talking about'

Analysts say refunds of tariffs struck down by the US Supreme Court could boost corporate earnings, cash flows and shareholder returns, even if the benefit is one-off

Number of billionaires in the world hits record 3,302 as fortunes soar

The combined wealth of the world's billionaires grew 25 per cent over the past year, while global personal wealth recorded its strongest annual growth since 2017

Global LNG demand to rise 65% by 2050 as Asia drives growth: Shell

The energy major expects demand to approach 700 million tonnes annually, supported by Asia's transition away from coal and rising electricity needs from data centres

Ford to recall over 741,000 US vehicles due to park system issue: NHTSA

The recall covers several Ford and Lincoln models and addresses a transmission defect that could increase the risk of vehicles rolling away

Why Europe's cities are struggling to cope with 40-degree heatwaves

As thousands die during European heatwaves despite advanced healthcare, doctors say buildings, urban planning, ageing populations and inadequate preparedness are turning heat into a silent killer

One-third of global carbon emissions growth in 2025 came from US: Report

An Energy Institute report found that higher natural gas prices prompted US power producers to increase coal use, driving a significant share of global emissions growth

Russia may allow lower quality fuel output, imports to tackle supply crisis

Russia is considering temporarily permitting Euro-2 fuel standards, which were phased out more than a decade ago due to environmental concerns

China's factory activity returns to expansion on AI-driven demand surge

The official manufacturing PMI rose to 50.3 in June, exceeding market expectations and signalling renewed growth in the sector

Iran ratchets up talk of controlling Hormuz ahead of fresh US negotiations

Deputy Foreign Minister Gharibabadi said Tehran wants to oversee shipping traffic through the waterway, warning that Iran could move ahead with its own plans if no agreement is reached with Oman

EY junior staffers accused of accessing Australian PM's bank account

The employees were reportedly on secondment to the Commonwealth Bank of Australia when the alleged breach occurred and were later dismissed by EY

Venezuela earthquake toll hits 1,719; govt sets up shelters for displaced

More than 22,000 people are receiving treatment and nearly 16,000 have been displaced following the devastating earthquakes that struck on June 24

Zelenskyy condemns 'horrific attacks' as Russian strikes kill 12, injure 40

The deadliest strike hit the city of Dnipro, while a drone attack on a passenger minibus in Zaporizhzhia also claimed civilian lives