World News

Moonshot AI pauses Kimi subscriptions amid surging demand, IPO push

Moonshot said on Sunday that since Kimi K3's release, ​it has drawn massive user interest, leading to 'unprecedented compute challenges'

They should pay us: Trump warns Canada of tariffs over wildfire smoke

The direct warning follows recent threats from the White House linking Canadian forestry management to trade penalties, with Trump previously accusing Ottawa of failing to curb toxic air pollution

Kuwait intercepts Iranian missiles as Tehran retaliates after US strikes

Iran has gone after power plants and desalination stations in Kuwait - a key piece of infrastructure in a state that relies on desalination for 90 per cent of its drinking water

What Wall Street never understood about Gulf investors and their priorities

Wall Street must move beyond treating the Gulf as one market as Saudi Arabia, the UAE and Qatar chart increasingly divergent investment paths

Bahrain sounds alerts over fears of Iranian retaliation after US strikes

The Gulf kingdom, which hosts the US Navy's Fifth Fleet, warned residents of an Iranian retaliatory attack after American airstrikes targeted the Islamic Republic

India-UK ties expected to stay the course with Andy Burnham as new PM

Experts expect the India-UK partnership to remain on a stable footing under incoming British Prime Minister Andy Burnham, with trade, defence and regional cooperation likely to remain key priorities

Iran 'hit very badly', doesn't control Strait of Hormuz, says Trump

US President Donald Trump claimed Tehran had been 'very badly' damaged and it no longer control the strategic Strait of Hormuz

Ship ablaze in Strait of Hormuz near coast of Oman, says British military

The British military's United Kingdom Maritime Trade Operations center issued a warning about the fire, saying it was unclear what sparked the blaze

US launches fresh strikes on Iran after death of another service member

The renewed exchanges of fire, now in their second week, have seen the US target bridges and electrical facilities in Iran

Gulf crude exports jump in July but shipments slowing on latest hostilities

Gulf crude exports hit their highest level since before the Iran conflict, but renewed fighting is slowing tanker traffic through the Strait of Hormuz

US launches new airstrikes to 'swiftly punish' Iran after two troops killed

The US launched fresh strikes targeting Iran's Revolutionary Guard after an attack in Jordan killed two American service members, as fighting intensified around the Strait of Hormuz

Burnham set to scrap digital ID to focus on cost of living policies

The move is the latest in a series of measures Burnham is eyeing in his early days of office, as he plans a series of public statements to signal a change from the previous government under Starmer

Samsung cuts US jobs, offers relocations ahead of headquarters move

Samsung has cut jobs in its US consumer electronics business as it relocates its headquarters to Texas while prioritising growth in AI-driven chip operations

Pension funds try to come to grips with scariest global warming scenario

Pension funds are assessing climate tipping points as a major investment risk, warning irreversible global warming could trigger rapid asset repricing

Cool Biz: Men in shorts are shaking up Japan's buttoned-down offices

Tokyo's decision to allow shorts in government offices is challenging Japan's conservative workplace norms as record heat reshapes office dress codes

Russian missile attack on Kyiv kills 1, exposes holes in air defences

Russia launched missiles and drones at Kyiv, killing one, as fresh attacks also halted oil loadings at the Caspian Pipeline Consortium terminal

Singapore authorities eye tax cuts for fund managers to stay competitive

The Monetary Authority of Singapore is reviewing tax incentives for fund managers after industry feedback that Hong Kong's proposed tax breaks could trigger relocations

Chinese firm demands compensation after UK govt nationalises British Steel

The Chinese company said it has begun negotiations under bilateral investment agreements and may pursue international arbitration, alleging the UK offered almost no compensation for the takeover

Nigerian children pay price for Iran war as malnutrition, poverty surge

Aid workers say soaring fuel and food prices linked to the Iran conflict are worsening child malnutrition in northern Nigeria, where families are already grappling with poverty and insecurity

South Korea's AI-heavy market now sets the tone for global stocks

Fund managers worldwide are increasingly tracking South Korean equities as swings in Samsung Electronics and SK Hynix shape sentiment across global AI and semiconductor stocks