World News

Trump moves to fire Fed's Lisa Cook again after June court setback

The White House has asked Cook to respond within three weeks to mortgage-fraud allegations that her lawyer called baseless, according to a report by ABC News on Friday

US jobs fall unexpectedly in July as earlier payrolls revised lower

The US economy unexpectedly lost jobs in July, while payroll figures for the previous two months were revised sharply lower, reducing expectations of a Federal Reserve rate hike.

FAA orders crack inspections for hundreds of Boeing 737 Max jets

The Federal Aviation Administration this week ordered inspections for hundreds of Boeing planes, following reports of cracks in some older models.

Cloudflare shares jump after forecast raise on higher AI-driven spending

The earnings follow Amazon.com's strongest ​cloud growth in more than four years. Amazon company noted that it won't have enough capacity to meet all demand this year.

Airbnb hits 4-year high: Investors cheer revenue forecast raise, AI payoff

Airbnb shares surged after the company raised its full-year revenue forecast, citing resilient global travel demand while reporting quarterly revenue above market estimates.

China's robots know Kung Fu and can scale walls. Can they woo investors?

Chinese humanoid robot maker Unitree Robotics is set to raise about $900 million through a Shanghai IPO, as investor interest in embodied AI and robotics continues to grow.

US Court rules Trump must get Congress' approval for ballroom construction

A US appeals court ordered Donald Trump to halt construction of his proposed White House ballroom, ruling that he must first secure approval from Congress

US employers unexpectedly shed 23k jobs in July; Unemployment rate falls

US employers unexpectedly cut 23,000 jobs in July as hiring in prior months was revised lower, raising concerns over labour-market weakness and the Fed's rate outlook

Saudi, Turkey and Pakistan sign joint defence deal amid regional turmoil

Iran and its allies have been firing on Saudi and other Gulf states, and blockading their energy shipments, since US and Israel attacked it on Feb 28 in major escalation of years of regional tumult

6 killed, several injured after shooting at high school in Thailand

The shooting happened at the Debsirin Nonthaburi School in Nonthaburi province northwest of the national capital

China's exports slow in July despite robust demand for high-tech products

Customs data released Friday showed China's trade surplus narrowed to $112.5 billion from $125.6 billion in June

Airport closes in Okinawa as Typhoon Dolphin approaches southern Japan

The typhoon was near Yoron Island and heading west toward the main island of Okinawa with maximum winds of 144 kph as of late morning Friday

Inside $1.46 trn AI spending spree reshaping the world's biggest tech firms

Amazon, Microsoft, Alphabet and Meta have built $1.46 trillion in physical assets through AI investments, overtaking several global oil majors

SpaceX to build $16.8 billion chip plant in Texas, create over 3,000 jobs

The first phase of the vertically integrated, 100-million-square-foot facility in Grimes County, Texas, will create at least 3,000 high-paying jobs for engineers, technicians, and plant operators

A deal with Iran over Strait of Hormuz may require a compromise from Trump

Negotiations to reopen the Strait of Hormuz continue as differences remain over shipping access and transit terms

Iran wants to bar US, Israeli ships from Strait of Hormuz in peace accord

In any event, Trump would be unlikely to agree to such a concession after months of insisting that American armed forces had essentially defeated Iran

South Korean satellite captures first images of SpaceX rocket crash on moon

The Korea Aerospace Research Institute's Danuri spacecraft flew over the impact site soon after the Falcon 9 upper stage inadvertently plowed into the moon

Nasa astronauts Anil Menon, Jessica Meir complete spacewalk to upgrade ISS

Anil Menon and Jessica Meir completed a 6.5-hr spacewalk to install hardware and cabling that will support new roll-out solar arrays and help power the International Space Station's future operations

Australia grants citizenship to 2 Iranian women footballers seeking asylum

Fatemeh Pasandideh and Atefeh Ramezanisadeh, who sought asylum during the Women's Asia Cup, have become Australian citizens after being sworn in at a ceremony in Brisbane

US court orders Meta to pay $567 mn over harms to children's mental health

A New Mexico court directed Meta to spend $567 million on youth treatment, prevention and awareness programmes after finding its platforms harmed children and concealed child safety risks