World News

US oil refiners stretch capacity as outage risks threaten fuel markets

Refiners are postponing routine maintenance to maximise profits, but industry experts say sustained near-full capacity is neither safe nor operationally sustainable

Russian Dy PM says country will end diesel export ban when market recovers

The diesel ban will be lifted in due course to prevent refineries from facing a glut and having to cut processing volumes, Novak told

Flavio Bolsonaro nominated for Brazil presidency amid legal challenges

Bolsonaro's Liberal Party officially nominated the senator on Saturday at a national convention in Sao Paulo, with allies including Argentina's Javier Milei in attendance

DeepSeek puts fundraising on hold after founder's remarks go viral: Report

The Chinese AI pioneer verbally informed some of its would-be backers that they wouldn't be signing investment agreements in the coming days, as they had expected

China activates flood-control emergency as Typhoon Noul set to hit coast

The regions are Fujian, Jiangxi, Henan, Hubei, Hunan, Guangdong and Guangxi, covering large parts of eastern, central and southern China

US 'locked and loaded' for Iran strikes but no final decision yet: Trump

US President said Washington was ready for major military action against Iran but had not yet decided whether to proceed, even as the two sides continued talks amid escalating regional hostilities

US appeals court refuses to revive Trump admin's $100,000 H-1B visa fee

The First Circuit Court of Appeals declined to pause a lower court order that struck down the $100,000 fee on new H-1B visas, saying the administration had not shown Congress authorised the charge

Wildfires force evacuation of over 200K people in France and Spain

Blazes fuelled by extreme heat and dry conditions forced around 200,000 people to evacuate from areas near Bordeaux and Madrid, with firefighters struggling to contain fast-moving flames

Trump threatens fresh EU tariffs after $1 billion Google antitrust fine

Trump said Washington would launch a Section 301 trade investigation into EU after regulators imposed antitrust fine on Google, calling the penalties discriminatory against US technology firms

Trump's latest global tariffs face legal challenge from small businesses

Two lawsuits filed in US Court of International Trade argue that the govt unlawfully used Section 301 of the Trade Act of 1974 to impose fresh import duties after earlier tariffs were struck down

'Iran will not bow to bullying': Araghchi rejects US' pressure tactics

The Iranian foreign minister said the main obstacle to engagement with Washington was the US' reliance on 'bullying and coercion', reiterating Tehran's commitment to protecting its national interests

Trump claims US secured 50% profit share after Canada cancels bridge event

US President claimed Washington renegotiated the financial terms of the cross-border bridge project after Canadian officials cancelled a joint inauguration, amid escalating trade tensions

Paramount delays $81 bn Warner Bros. Discovery buyout amid court challenge

The media company said it will not close the $81 billion deal before June 1, 2027, or until a court rules on a lawsuit by 12 states seeking to block the merger over competition concerns

SpaceX launches Starship on 13th test flight with most advanced Starlinks

The world's biggest rocket lifted off from Texas after a last-minute abort last week, with Nasa watching closely as SpaceX tested Starship's lunar mission capabilities and deployed Starlink satellites

China's memory chip makers ride AI boom to new power and US scrutiny

Executives at the Huawei-connected equipment vendor, SiCarrier, concluded the confrontation was the result of the power struggle between CXMT and Huawei

US DOJ drops subpoenas to NYT reporters in Trump Air Force One case

US District Judge Arun Subramanian cited "profound First Amendment" issues raised by the case before skeptically questioning a govt lawyer about the steps the govt took before issuing demands

Novo Nordisk seeks orders to block Eli Lilly weight-loss drug ads

Lilly on Friday denied any wrongdoing, saying it stood by its advertising and would vigorously defend itself. Novo and Lilly are battling for dominance in the obesity drug market

Volkswagen CEO warns deeper cost cuts needed as China competition mounts

"When we look to the future, we have more and more risks coming," Blume said, pointing to more than 150 competitors in China

SK Group chairman Chey Tae-won ordered to pay $640 million in divorce case

Fund managers said Chey may still need to sell shares in units of SK Group or use them as collateral to raise funds for payment, but it probably wouldn't affect management control of the conglomerate

Intel signals stronger growth as AI infrastructure spending gathers pace

Intel expects third-quarter revenue between $15.8 billion and $16.8 billion, compared with analysts' average estimate of $15.1 billion