World News

Kuwait closes its airspace temporarily amid fresh Iranian strikes

Flights circled outside of Kuwait for some time before the announcement, after the military said its air defences were firing

Asian shares decline after another AI-led sell-off drags Wall Street lower

Hong Kong's Hang Seng edged 0.2 per cent higher, to 24,468.82, but the Shanghai Composite index fell 0.2 per cent to 3,983.80

US firms remain cautious about investing in China despite improved profits

Just 49 per cent of the companies surveyed by the US-China Business Council said they planned to invest in the Asian country this year, up one percentage point from a record low last year

Canada proposes to ban social media accounts for children under 16

The legislation would also regulate the companies behind artificial intelligence chatbots by imposing on them a duty to act responsibly through measures such as crisis intervention protocols

US refunds $22 bn in tariffs after court setback to Trump's trade policy

Administration began processing refunds in April after the Supreme Court ruled that President Trump didn't have the authority to impose tariffs using the International Emergency Economic Powers Act

Lee Raymond, former Exxon chief who led historic Mobil merger, dies at 87

Son of a South Dakota railroad engineer, Raymond became one of corporate America's most prominent leaders as chief executive officer of Exxon Corp. from 1993 to 2005

Strait of Hormuz 'closed to all vessels', says Iran's IRGC after US strikes

'Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships,' IRGC said

China lures foreign patients with cutting-edge, low-cost medical care

China is pushing to upgrade its economy and reshape its global image from just a manufacturing hub into a provider of high-value services, and demand for medical tourism is surging

'I love the inflation': Trump's remark gets backlash amid rising costs

It was an unexpected take given that voters ahead of the November midterm elections have ranked the economy as a top concern -- and have given Trump low marks on that issue

US launches fresh strikes on Iran as Trump says Tehran will 'pay the price'

Trump has urged Iran to sign a deal to end the war and suggested earlier this week that an agreement could be reached in a matter of days

Over 100 mn oil barrels, 200 ships secretly escorted through Hormuz: Trump

Earlier, Trump said that the United States would resume attacks on Iran, as he voiced frustration over Tehran's delays in concluding the deal with Washington

Trump congratulates Modi on becoming India's longest-serving elected PM

Modi reached the milestone of becoming India's longest-serving prime minister on Wednesday, with an unbroken tenure of 4,399 days in office, surpassing Jawaharlal Nehru

Trump signs law boosting immigration, deportation funding by $70 bn

The bill provides $38 billion for US Immigration and Customs Enforcement and $26 billion for the Border Patrol. An additional $5 billion would cover unforeseen costs, according to the White House

India, US explore possible Modi-Trump meeting on G7 summit sidelines

The Ministry of External Affairs (MEA) has already announced that Modi will undertake a week-long visit to France and Slovakia beginning Saturday

More US strikes on Iran coming today, Trump says Tehran will pay the price

Iran's top diplomat vowed that there would be a response, and Tehran later claimed attacks in Kuwait, Bahrain and Jordan

World's first AI-designed vaccine to battle all animal-to-human viruses

A high-pressure stream of liquid delivers the vaccine through the skin, making administration less painful and easier to scale up during an outbreak

Google helps secure $35 billion funding for Anthropic data centres

Anthropic, the creator of Claude, is leasing powerful computer chips at five data centers with help from the long-established tech

US inflation rises to 4.2%, highest in over 3 years on Iran war impact

Beyond the initial energy shock, disruptions to fertilizer markets may eventually lead to higher grocery bills, while rising transportation costs could boost prices for all kinds of consumer goods

US, Iran launch airstrikes after Trump blames Tehran for downing helicopter

Iran launched attacks in Bahrain and Kuwait, which both sounded alerts and fired air defences in response

Why the US now sees China's tech giants as a national security risk

The Pentagon's latest designation of Alibaba, BYD and Baidu reflects a broader US concern that technologies such as AI, batteries and cloud computing could strengthen China's military capabilities