World News
Meta's teen safety deal facing big hurdle: Knowing who's under 18
In a landmark deal with state attorneys general across the US, Meta agreed to pay up to $18 billion and implement design changes
 "Meta's teen safety deal facing big hurdle: Knowing who's under 18")
Meta's $18 billion social media settlement: Numbers behind the deal
Of the overall amount, the company has pledged to shell out about $12.7 billion in installments to states over the next 10 years as a starting point
 "Meta's $18 billion social media settlement: Numbers behind the deal")
New York City area saw $3.5 billion in economic impact from Fifa World Cup
The global sporting event generated $1.9 billion in direct spending on lodging, restaurants, bars, shopping and transportation in the states
 "New York City area saw $3.5 billion in economic impact from Fifa World Cup")
Asian stocks gain for third day as Nvidia earnings beat estimates
MSCI's broadest index of Asia-Pacific shares excluding Japan was up 0.7 per cent, on track to extend gains into a third consecutive day after Nvidia reported that quarterly revenue more than doubled
 "Asian stocks gain for third day as Nvidia earnings beat estimates")
Nepal floods: 160 killed, 133 Indian nationals among nearly 750 missing
The flood surged through the Bhote Koshi River affecting Rasuwa and Dhading districts bordering Tibet
 "Nepal floods: 160 killed, 133 Indian nationals among nearly 750 missing")
US Army to spend $2 bn to build nuclear microreactors at 5 military bases
The announcement comes as the Trump administration pushes hard to develop the next generation of nuclear power, including billions in loans for large nuclear reactors to meet skyrocketing power demand
 "US Army to spend $2 bn to build nuclear microreactors at 5 military bases")
Oil prices extend losses on hopes of easing West Asia supply woes
Brent crude futures were down 60 cents, or 0.7 per cent, to $87.24 a barrel by 0004 GMT, down for a fourth day
 "Oil prices extend losses on hopes of easing West Asia supply woes")
Tim Curry, English actor of 'Rocky Horror', 'Clue' and 'It', dies at 80
A cause of death was not immediately given, but Curry had been in ill health for some time. He died peacefully on Tuesday at his home in Los Angeles, his manager said
 "Tim Curry, English actor of 'Rocky Horror', 'Clue' and 'It', dies at 80")
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")
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")