World News

OpenAI avoids costly court loss to Elon Musk, but both sides left bruised

Musk had accused OpenAI, Altman and his top lieutenant Greg Brockman of betraying a shared vision for it to remain a nonprofit dedicated to guiding AI's development for the good of humanity

Putin heads to China days after Trump's visit as Beijing balances ties

Putin is scheduled to be in China on Tuesday and Wednesday in a visit likely to be closely watched as Beijing seeks to maintain stable relations with US while also preserving strong ties with Russia

Japan's economy expands at 2.1% annual pace, boosted by consumer spending

Private consumption rose 0.3 per cent quarter-on-quarter, or at an annualised rate of 1.1 per cent, according to the preliminary data from the Cabinet Office

US to host G20 foreign ministers' meeting in Atlanta on October 30-31

The meeting will bring together foreign ministers from the world's leading economies to advance the G20'scoremission of promoting global stability and prosperity

Trump threatens Iran, then pulls back from planned strikes, all in same day

President Trump has repeatedly said he'll restart military action against Iran, only to stop short of plunging the United States directly back into an unpopular war

Philippines to be involved in any Taiwan conflict due to proximity: Marcos

Philippines, which has a territorial dispute with Beijing over the South China Sea, is increasing its engagement with China to help maintain peace, Marcos said

From medical tourism to casinos, Southeast Asia hit hard by oil shock

The aviation industry is among the hardest hit as more expensive tickets disrupt travel demand.

Trump admin targets Cuba's leaders, generals and spies with new sanctions

The punitive action is part of the president and Secretary of State Marco Rubio's push to squeeze the island's economy, most notably through a de facto energy blockade

StanChart planning to lay off thousands of support staff amid AI push

London-headquartered bank said it would cut corporate functions roles by more than 15 per cent by 2030 and scale practical uses of AI to streamline processes

NYT sues Pentagon for second time over Hegseth's media restrictions

On X, Defence Department spokesperson Sean Parnell called the NYT's latest lawsuit 'nothing more than an attempt to remove the barriers to them getting their hands on classified information'

Court rejects Musk's claims against OpenAI, saying lawsuit filed too late

The nine-person jury found that Musk waited too long to file his lawsuit and missed the deadline for the statute of limitations

Called off planned strikes on Iran at request of Gulf allies: Trump

Trump has been threatening for weeks that the ceasefire struck in mid-April could end if Iran did not strike a deal, with shifting parameters for striking such an agreement

Teenage gunmen kill 3 in hate attack at San Diego mosque, die by suicide

Among those killed was a mosque security guard, who police believe 'played a pivotal role' in keeping the attack from being 'much worse'

G7 finance ministers look to contain economic fallout from Iran war

Officials discuss oil-price shock, sanctions on Iran, inflation risks and support for Ukraine amid growing global economic uncertainty

US issues 30-day general licence to provide access to Russian oil: Bessent

Treasury Secretary Scott Bessent says 30-day extension will help stabilise crude markets and support countries affected by Gulf supply disruptions

Adani settles alleged Iran sanctions violation case with US Treasury

The settlement does not constitute a finding of guilt or wrongdoing and resolves all related liabilities

US deportation push separated 100,000 families, report estimates

Brookings Institution analysis says most children affected by immigration enforcement are likely US citizens

Elon Musk says he will not sell SpaceX stake ahead of planned IPO launch

SpaceX could file publicly for a record-breaking IPO next week at a valuation exceeding $2 trillion

China's economic slowdown revives calls for stronger stimulus measures

Weak retail sales, industrial output and investment data raise pressure on Beijing to step up policy support amid global energy turmoil

Iran war saddles global companies with over $25 billion in losses so far

Rising oil prices, supply disruptions and shipping bottlenecks are forcing companies to cut output, raise prices and suspend payouts