Page 20 - Bloomberg/reuters

US war against Iran has cost $37.5 billion, says Defence Secy Pete Hegseth

Hegseth gave the estimate in an appearance before the Senate Appropriations Committee on Tuesday that was focused on President Donald Trump's request for an additional $67 billion in defence funding

Trump set to impose fresh tariffs by July 24 with stopgap to expire

The Trump administration last month proposed new tariffs of at least 10 per cent on 60 trading partners, citing what it said were lax forced-labor standards

Hong Kong traders cling to lunch break as exchange seeks to scrap it

A preliminary proposal by the city's exchange to scrap the midday break and extend trading hours has drawn criticism, particularly from local firms

US judge rejects Trump's bid to block BBC subpoenas in $10 billion suit

The BBC apologized for the edit before the suit was filed, but is now taking steps to focus the case on Trump's intent and state of mind on the day of the Capitol riot

AI models breached Hugging Face's system during capability test: OpenAI

OpenAI said in a blog post Tuesday that the models broke into Hugging Face's infrastructure during an evaluation of their cyber capabilities

Trump announces 100% tariff on imported generic drugs from August 2028

Trump has seized on the cost of drugs as a key driver of affordability concerns ahead of the 2026 midterm elections

InMobi appoints JPMorgan, Jefferies, Kotak and Axis for $1 billion IPO

The company has named JPMorgan Chase & Co., Jefferies Financial Group Inc. as well as local investment banks Kotak Mahindra Capital Co. and Axis Capital Ltd. for the IPO process

Samsung debuts AI-powered health assistant, joining packed market

Samsung Health Assistant pulls in data from the user's Galaxy smartphone, smartwatch or smart ring. Samsung also announced a series of other features coming to its health platform

Israel withdraws troops from Lebanon towns in test of truce: Report

The move comes after Lebanese President Joseph Aoun traveled to Washington for a meeting with US President Donald Trump on Tuesday

UK PM Burnham names Kanishka Narayan as first AI minister to attend cabinet

Narayan, a Labour politician from Wales, was appointed minister for AI and online safety in September 2025 under Burnham's predecessor Keir Starmer

Indian refiners halt Iraq oil loadings as Hormuz risks escalate: Report

Indian Oil Corp. abandoned plans to load the supertanker Lila Jamnagar, which can hold as much as 2 million barrels of oil, the people said, asking not to be identified because the matter is private

Volkswagen nears sale of stake in its India unit to JSW Group: Report

The two sides are working toward a potential agreement in the coming weeks involving JSW making an investment in closely held Skoda Auto Volkswagen India Pvt

Maharashtra FDA chief widens crackdown on food adulteration, fake drugs

A civil servant, who has been reportedly been transferred over 25 times in his career, Mundhe is regarded as unyielding administrator whose frequent moves reflect his insistence on strict enforcement

Extreme heat morphs into a major economic shock for an unprepared Europe

The region, where temperatures are rising at a pace that's roughly twice the global average, can no longer afford to ignore the economic impact of global warming

Brent could top $120 if Hormuz disruptions persist: Goldman Sachs

At present, Goldman sees Brent at $80 a barrel in the fourth quarter, and $75 next year, predicated on a de-escalation of tensions in the West Asia

Nolan's 'The Odyssey' powers Hollywood toward strongest year since 2019

The Odyssey, the first film to be shot entirely on Imax Corp. cameras, brought in $264.1 million globally in its opening weekend, surpassing expectations in North America and around the world

Mexico sees tourism boost as 3 mn foreign visitors attend Fifa World Cup

Foreign tourists accounted for about 40% of the 7.5 million total trips to Mexico City, Guadalajara and Monterrey between June 8 and July 12, with the rest made up of domestic travelers

Fifa World Cup final wasn't 'what we dreamed,' says Nike Football chief

For a sportswear and sneaker company like Nike, having its teams fall short of the final means missing out on the windfall generated by fans splurging on merchandise

SBI Funds Management poised for strong India debut after $1 billion IPO

Shares of the nation's largest funds manager by assets were quoted about 18% above the IPO price of ₹574 in the gray market on Monday

Kimi K3's huge size keeps demand strong for AI memory and processors

Kimi K3 contains 2.8 trillion parameters, China's largest model yet, pushing the sparsity ratio - a measure of computing efficiency - to a record