Page 3 - Bloomberg

Trump's proposed 20% Hormuz fee could cost each oil supertanker $30 mn

Trump's proposed 20% fee on cargo transiting the Strait of Hormuz could add about $30 million to a fully loaded oil supertanker, raising fresh concerns across global shipping markets

De Beers to shut South African diamond mine for 2 yrs as crisis deepens

De Beers will suspend production at its Venetia mine in South Africa for two years as the diamond industry grapples with weak demand, falling prices and rising competition from synthetic stones

Iran sneaking out tankers via Strait of Hormuz as Trump amps up threats

Iran has continued moving sanctioned oil tankers through Hormuz with transponders switched off, even as the US prepares to reimpose a blockade and tensions in the strategic waterway intensify

OpenAI's feud with Musk's xAI carries on as Apple secrets fight revs up

OpenAI has asked a US court to award more than $1 million in legal costs after xAI's trade secrets lawsuit was dismissed, while Elon Musk's AI startup prepares to appeal the ruling

Tata Power in talks to raise $450 mn overseas loan for business operations

Tata Power is in talks with banks to raise at least $450 million through an external commercial borrowing, aiming to strengthen liquidity as it expands investments in renewable energy and transmission

Akasa Air eyes ₹1,050 crore fundraise as Iran war drives up costs

Akasa Air is seeking to raise about ₹1,050 crore through equity and debt to cushion the impact of the Iran conflict, which has disrupted flights and driven up jet fuel costs

European Union may propose a law curb children's access to social media

The EU is joining a growing global movement to restrict children's access to social media over mental health and safety concerns

Akzo Nobel rejects Nippon's $8.6 billion offer for paint business

Nippon Paint shares fell as much as 3.4%, the biggest intraday decline in more than a month, before paring some losses

Apple's lawsuit threatens to disrupt OpenAI's bid to rival the iPhone

Apple's trade secrets lawsuit against OpenAI could slow the AI firm's hardware ambitions even before the case reaches court

AI disruption, Iran war risks weigh on Indian IT firms' earnings outlook

The sector is weighed down by macroeconomic uncertainty, exacerbated by the West Asia conflict, and the disruptive impact of AI adoption

World-beating stocks in South Korea are now trading cheaper than ever

While the index has outperformed global peers, it remains at a deep discount to other chip-heavy gauges. The Kospi's price-to-earnings ratio is one-third the current multiple for Taiwan's Taiex

A nuclear debut in Bangladesh tests developing world's atomic shift

The $12.6-billion Rooppur nuclear plant is expected to meet up to 15% of Bangladesh's electricity demand, underscoring the country's push to reduce fossil fuel imports

Sheikh Hamad, who made Qatar one of world's richest nations, dies at 74

Sheikh Hamad ruled Qatar from 1995 to 2013, transforming the Gulf nation into the world's leading LNG exporter and expanding its global economic and diplomatic influence

US veteran Republican Lindsey Graham dies at 71 after sudden illness

The cause of death was 'a brief and sudden illness,' Graham's office said in a post on X

HDFC Bank's workforce drops by over 3,300 amid push to automate operations

The bank's total staff fell to 211,178 as of March 31 from a year earlier with new hiring dropping by 3,811, according to its annual report released on Saturday

Zhipu founder backs open-source AI as global security debate intensifies

Founder Tang Jie said frontier AI should remain widely accessible under open-source principles, arguing that transparency and broad participation offer stronger safeguards than restrictions

Death toll in Venezuela earthquake climbs to 4,333, over 16,700 injured

Authorities said more than 6,400 people have been rescued alive since the twin earthquakes struck on June 24, with recovery efforts continuing across the worst-hit states

Vinod Khosla-led group to buy Seattle Seahawks in $9.6 billion NFL deal

The deal, reportedly valued at $9.6 billion, would surpass the Washington Commanders' sale as the most expensive franchise acquisition in NFL history, subject to league approval

Iran refuses talks with US until conditions on Hormuz, oil exports met

The comments came hours after the US demanded that Iran publicly declare all channels of the Strait of Hormuz open to shipping and pledge not to attack civilian vessels transiting the waterway

OpenAI engineer's 'LOL' moment set stage for legal fight with Apple

At the center of the rift is Tang Tan, a former Apple executive who had overseen the design of the iPhone, smartwatch and several other products