Page 9 - Bloomberg

IMF chief Georgieva warns world 'ill-equipped' to counter Iran war risks

By choking off shipments from the energy-rich Gulf region, the war has triggered a "negative supply shock, meaning that it pushes prices up, said Kristalina Georgieva

TikTok ad leader Khartoon Weiss to step down in latest high-profile exit

Other recent departures have included global head of creators, Kim Farrell, who left earlier this year, and Blake Chandlee, who departed in 2025 after leading advertising and marketing

Apple's first foldable iPhone remains on track for September debut

The device is a major initiative for Apple, which is seeking to expand the iPhone line with new designs, pricier models and enhanced features

North Korea fires projectile after South Korean President's apology

The launch took place days after a North Korean statement conveyed leader Kim Jong Un's rare praise for Lee in response to his apology over the drones

Elon Musk seeks ouster of OpenAI CEO Sam Altman in lawsuit escalation

Musk said in a court filing that the goal of his lawsuit is to 'unwind OpenAI's for-profit conversation and restructuring' which he said would involve removing Altman and Prez Greg Brockman

Adani seeks dismissal of US SEC fraud case, cites lack of jurisdiction

Lawyers for the Indian billionaire and his nephew Sagar said in a letter to a federal judge that they will formally seek to dismiss the case by the end of the month

Govt bars Chinese cameras at highway tolls on data security concerns

Officials have been directed to avoid importing sensitive technology from China and are also replacing existing Chinese cameras

Iran conflict may ease China deflation fears, dimming rate cut bets

Unlike most economies, China didn't see the sharp spurt in inflation that followed reopening from the pandemic

Trading ban upends State Bank of India's $5 billion short, forces unwind

State Bank of India (SBI) is estimating losses of about ₹3 billion ($32 million) from the forced unwinding of these trades, the people said, asking not to be identified discussing confidential details

Turkish police kill gunman in shootout near Israeli consulate in Istanbul

The diplomatic mission is located in Levent, one of Istanbul's main financial districts, and surrounded by office towers, shopping malls and heavy foot traffic

India returns to buying Venezuelan oil to ease supply crunch amid Iran war

India is set to import the most oil from Venezuela in almost six years as over 12 million barrels head to its west coast, reflecting a strategic shift amid West Asia supply disruptions

Shapoorji Pallonji group gets relief on $3.4 billion private credit

Its financing arm, Porteast Investment, will temporarily raise its loan-to-value limit to 40 per cent from 34 per cent for four months through July 15

RBI set to hold rates while confronting weak rupee amid West Asia conflict

RBI now faces a dilemma over whether to raise interest rates to support the currency or keep borrowing costs low to cushion economic growth

Trump floats seizing Iran oil as he weighs expanding US energy dominance

Trump's proposal reflects push for energy dominance, but raises risks of deeper conflict and global fallout

New UNSC draft on Hormuz eases off threats of force to avoid veto risks

Russia, which is allied with Iran and holds veto power on the Security Council, had expressed its disapproval over some of the earlier language of the previous draft resolution

Trump threatens to jail journalists who reported on pilot rescue from Iran

Trump said that reports that mentioned that only one of the two pilots had initially been rescued threatened the attempt to rescue the other by tipping off the Iranians

Nasa's Artemis II crew heads back to Earth after record trip around Moon

At their nearest distance to the moon, the Artemis II's Lockheed Martin Corp.-built Orion capsule came within an estimated 4,067 miles of the lunar surface, according to calculations by Nasa

North American oil in demand as world grasps for supplies amid Iran war

Oil grades from Texas and North Dakota to Alberta are surging as refiners compete with rivals in Asia and Europe for barrels after weeks of strangled shipments via the Strait of Hormuz

OpenAI, Anthropic, Google join hands to combat AI model copying in China

Rare collaboration signals concern that China-based users are cloning their AI models, threatening prices, stealing customers, and raising serious national security risks

OpenAI urges grid, safety net spending to prepare for AI-driven changes

Many of the proposals are tied to social change driven by AI, which some fear could lead to widespread job losses