World News
Iran and Oman reportedly still working on Strait of Hormuz accord
Iran and Oman have held on-and-off talks for weeks about controlling traffic through the strait, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in Feb
 "Iran and Oman reportedly still working on Strait of Hormuz accord")
Anxious investors hope for clarity on Warsh's Fed plan at Jackson Hole
They hope the Fed chair will use his speech to fully explain his roadmap for returning inflation to the Fed's target and what he sees as the bond market's role in that strategy.
 "Anxious investors hope for clarity on Warsh's Fed plan at Jackson Hole")
US inflation data boosts dollar as Fed hike bets rise ahead of Jackson Hole
The dollar index, which measures the greenback against a basket of currencies, rose 0.21% to 99.12 and was on pace for its biggest daily gain since August 6, with the euro down 0.16% at $1.1655.
 "US inflation data boosts dollar as Fed hike bets rise ahead of Jackson Hole")
Flash floods hit Nepal, 105 Indians, 37 NRIs among nearly 400 missing
A sudden, massive flood swept through two central Nepal districts bordering Tibet killing four people, causing extensive devastation at settlements along the river
 "Flash floods hit Nepal, 105 Indians, 37 NRIs among nearly 400 missing")
Tim Curry, English actor of 'Rocky Horror', 'Clue' and 'It', dies at 80
Tim Curry, English actor of 'Rocky Horror', 'Clue' and 'It', dies at 80
 "Tim Curry, English actor of 'Rocky Horror', 'Clue' and 'It', dies at 80")
17 killed, nearly 750 missing as flash flood sweeps through Nepal districts
The flood surged through the Bhote Koshi River at around 9 am (local time) affecting Rasuwa and Dhading districts bordering Tibet
 "17 killed, nearly 750 missing as flash flood sweeps through Nepal districts")
US economy growth sluggish at 1.5% in Q2, consumer spending rises 3.4%
The US economy grew at a sluggish 1.5 per cent pace from April through June. But consumer spending stayed strong.
 "US economy growth sluggish at 1.5% in Q2, consumer spending rises 3.4%")
Iran's supreme leader is seriously wounded, not dead: Donald Trump
US President Donald Trump said that he believes Iran's supreme leader is seriously wounded but not dead.
 "Iran's supreme leader is seriously wounded, not dead: Donald Trump")
India, China can help resolve West Asia conflict, says Hillary Clinton
Clinton said China, in particular, can put pressure on Tehran, as it is one of the biggest buyers of oil and gas from Iran
 "India, China can help resolve West Asia conflict, says Hillary Clinton")
Deloitte to pay $21.5 mn to settle US workplace discrimination claims
Deloitte to pay $21.5 million to settle US government's allegations of race- and sex-based discrimination in hiring, promotions, staffing and employee programmes
 "Deloitte to pay $21.5 mn to settle US workplace discrimination claims")
L&T wins 13 orders since July, signalling revival in West Asia business
While the engineering giant only shares a range instead of giving out the exact order value, a Bloomberg News estimate pegs the average at about ₹1.11 trillion in the ongoing quarter
 "L&T wins 13 orders since July, signalling revival in West Asia business")
Moonshot AI in talks with Microsoft, Amazon, Google over K3 revenue sharing
Any deal could mark the first big revenue-sharing pact between a Chinese AI firm and a major US cloud company
 "Moonshot AI in talks with Microsoft, Amazon, Google over K3 revenue sharing")
Trump floats renaming Lake Ontario to 'Lake America' amid trade war
The water body serves as a natural border separating the province of Ontario from New York state and forms part of the five Great Lakes of North America
 "Trump floats renaming Lake Ontario to 'Lake America' amid trade war")
Bill Gates seeks meeting with Xi Jinping to push global AI safety efforts
Gates' staff are working to finalize a meeting with Xi for his next China trip, his spokesperson said, scheduled tentatively for November
 "Bill Gates seeks meeting with Xi Jinping to push global AI safety efforts")
Pakistan's former PM Imran Khan's sons say his life at risk in prison
Kasim and his brother Sulaiman Isa also urged the international community to pressure Pakistan for human rights violations against its former premier
 "Pakistan's former PM Imran Khan's sons say his life at risk in prison")
Global economy in tug-of-war between oil shock and AI boom: IMF chief
She said the global economy was witnessing a tug-of-war between the negative supply shock from West Asia and the positive demand shock from AI
 "Global economy in tug-of-war between oil shock and AI boom: IMF chief")
14 infants killed in fire at major hospital in Pakistan's Islamabad
The fire occurred at the Pakistan Institute of Medical Sciences (PIMS), the largest public hospital in the capital
 "14 infants killed in fire at major hospital in Pakistan's Islamabad")
Hyundai Motor plans 100 new, fresh models with focus on US hybrid push
The plan, launched at Hyundai's CEO Investor Day in Seoul on Wednesday, will see South Korea's biggest automaker enter 18 new segments
 "Hyundai Motor plans 100 new, fresh models with focus on US hybrid push")
Indian oil companies to avoid Iran-blacklisted vessels amid security risks
The named vessels could be fined, detained and have their cargoes confiscated, according to a post on X from the Persian Gulf Strait Authority, a new body set up by Iran to manage Hormuz
 "Indian oil companies to avoid Iran-blacklisted vessels amid security risks")
PM Takaichi says Japan will 'protect' ICC from US push to dismantle
The sanctioning of Akane and a senior trial lawyer by the US marks the latest escalation of attacks on the court by Washington, which says the ICC has unfairly targeted the US and Israel
 "PM Takaichi says Japan will 'protect' ICC from US push to dismantle")