Page 5 - Bloomberg/reuters

A wave of oil from the Persian Gulf set to leave Asian refiners swamped

Around 31 supertankers, capable of carrying about 62 million barrels of crude, are stuck inside the Persian Gulf and set to sail out once the waterway opens up

Tech workers who don't embrace AI face triple the layoff risk: Gallup study

The estimates are based on survey data in February involving more than 23,000 US workers, including 660 respondents who reported being unemployed after their jobs were eliminated

Citigroup scraps calls for RBI hikes as Iran deal cools price risks

India, which is heavily reliant on oil imports from the West Asia, faces headwinds from higher energy prices as well as forecasts of a weaker monsoon season as El Niño weather phenomenon takes hold

Mukesh Ambani's promise to investors on Jio IPO to be tested this week

Shareholders of the energy-to-entertainment conglomerate will hear updates from Ambani on Friday at the company's 49th annual general meeting

India's monsoon starts nearly 40% below normal as El Niño disrupts weather

The climate pattern is historically associated with dryness in South Asia, and US scientists expect it to be one of the strongest on record

Pictet, Neuberger to boost India bond exposure after policy reforms

Global fund managers are turning more positive on India, citing improved policy flexibility and stronger differentiation from other emerging bond markets

Microsoft builds strong AI presence in China by selling OpenAI models

Social media and AI giant ByteDance Ltd. has generally been Microsoft's biggest AI customer in recent years, largely using OpenAI models

Trump blows through long-held red lines on Iran to secure peace deal

Trump's support for deal has drawn attention as it appears to permit uranium enrichment, ballistic missiles and access to frozen funds-issues he had criticised as major flaws in past Iran agreements

India's education system needs a revolution, not another language mandate

Making Sanskrit the third language may be convenient for schools, but risks burdening students with a complex classical language that offers limited practical value and often relies on rote learning

Apple prepares second-generation iPhone Air with upgrades for 2027 launch

Though the device retains its current look, Apple also is working to improve the battery life

Kevin Warsh puts stamp on Fed with immediate changes to usual routine

The changes underscored the new chairman's intent to deliver immediately on past criticisms of the practice of offering 'forward guidance' on the future path of interest rates

Adani Green seeks to raise $1 billion via offshore loan after US settlement

The company is in early talks with lenders and advisors to raise a dollar loan, which may be raised in two tranches over the next three months

Stalled monsoon forces Mumbai to stop water supply to construction sites

The Brihanmumbai Municipal Corporation also cut distribution to other businesses, factories and sports clubs by 20 per cent , adding to the 10 per cent reduction in force for households since mid-May

G7 exchange between Modi, Starmer hints at breakthrough in trade deal

Starmer and Modi had a formal bilateral meeting at the G7 summit in Evian on Tuesday, but neither of the readouts from the British or Indian sides made any mention of the steel dispute

US set to offer broad financial incentives to Iran in peace agreement

The two sides agreed to the deal on Sunday and plan to formally sign it on June 19 in Switzerland, clearing the way for 60 days of talks intended to end the war for good

Fifa World Cup 2026 exposes growing global prediction market rift

The World Cup could generate roughly $3 billion in additional wagers and drive as much as $10 billion in betting volume across sports-betting and prediction-market platforms, according to analysts

SpaceX deal with Cursor turns four MIT classmates into billionaires

SpaceX formally agreed to buy Cursor Tuesday in an all-stock deal that values the company at $60 billion

Howard Lutnick's letter to Anthropic warned of curbs on top AI models

The letter ordered Anthropic not to give its Fable 5 and Mythos 5 artificial intelligence models to foreign nationals anywhere in the world without a license from the Commerce Department

SpaceX overtakes Amazon in value to become 5th largest stock in world

At the stock's intraday high, the market value of Elon Musk's rocket and AI company topped Microsoft Corp. to briefly become the world's fourth-largest stock

What is inside the 14-point draft memorandum between the US and Iran

Draft US-Iran pact proposes sanctions relief, nuclear curbs and $300 bn aid