World News

1 killed, several injured in Iranian attack targeting Kuwait airport

The strikes came as semiofficial Iranian news agencies said the country had stopped communicating with mediators about extending a ceasefire

Gold overtakes US treasuries as largest reserve asset: Why it matters

Gold now accounts for a larger share of official global reserves than US Treasuries, reflecting rising central bank demand and a changing financial landscape

Japan's Nikkei tops 68,000 for first time on AI-driven chip stock surge

Buying of technology shares linked to the boom in artificial intelligence has been driving rallies worldwide

Japanese toilet maker Toto ramps up its ceramics for AI chipmakers

Shares of Toto jumped as much as 11% in Tokyo on Wednesday, the biggest intraday jump in over a month

US attacks Iran, Tehran targets Kuwait, Bahrain amid faltering peace talks

US Central Command said the strikes were on an Iranian military ground control station on Qeshm Island, near the Strait of Hormuz, that is home to a desalination plant

TikTok founder surpasses Mukesh Ambani to become Asia's 2nd richest person

Zhang's net worth climbed to $92.8 billion, cementing his position as China's richest person

Warsh pledges to follow best of Fed's traditions while looking for change

The memo is an early window on Warsh's efforts to pursue what he has described as an extensive reform agenda for a central bank he regards as having strayed from its mission

SpaceX targets $75 billion IPO at $135 a share, valuing firm at $1.75 trn

The rocket and satellite communications company hoped to raise at least $75 billion, at a valuation of $1.75 trillion

Why rising night-time temperatures pose a growing risk to cities

Relentless night-time heat puts billions at risk in growing megacities

Asia faces rate-hike pressure as energy shock, AI boom fuel inflation

Asia is particularly vulnerable because it sits at the center of global manufacturing and technology supply chains while remaining heavily reliant on imported energy

Trump's Netanyahu problem is latest key hurdle to Iran peace deal

The latest diplomatic rupture followed days of Israeli military escalation against Hezbollah in Lebanon, prompting a phone call between Trump and Israeli Prime Minister Benjamin Netanyahu

Rubio optimistic on eventual Iran talks despite congressional skepticism

Rubio defended the Trump administration's approach to Iran and other global hotspots in back-to-back hearings before the Senate Foreign Relations Committee and a House Appropriations subcommittee

Trump signs order seeking oversight of AI models for security risks

The order establishes a framework for the federal government to vet the national security risks of the most advanced AI systems for up to a month before their public release

Trump admin proposes 25% tariffs on Brazil despite US trade surplus

The announcement late Monday came after an investigation by the Office of the USTR, charging Brazil with lax anti-corruption enforcement and unfair tariffs of its own, among other things

Iran's active nuclear operations have halted amid conflict: IAEA chief

IAEA chief Rafael Grossi revealed during a visit to the United Arab Emirates that several previously active nuclear initiatives in Iran have now ceased

'Time to make a deal': Trump rejects reports of breakdown in US-Iran talks

Trump refuted claims that communications between the two nations had broken down, asserting that discussions have been actively maintained over the last several days

Bahrain issues alert, Kuwait downs missiles as West Asia tensions intensify

As Bahrain activated its emergency protocols, neighbouring Kuwait was already actively engaging incoming aerial threats

Trump orders US agencies to partner with AI firms on cyber defence

Tuesday's order emphasises voluntary participation by developers despite earlier deliberations about mandating government approval of new AI systems

Iran halts talks with mediators after Israel threat to bomb Beirut: Report

Israel and the US maintain the fighting in Lebanon is separate from the Iran war talks

Iran's inflation at 77.2% in May, highest level since World War II

A report Monday by Iran's Central Bank represents the first official acknowledgment of what Iranians shopping, paying for a taxi or visiting a medical clinic already know