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G7 confronts new reality after US Prez Trump spoils hopes for unity

G7 gatherings have served to bring leaders together to coordinate their response to the pressing issues of the day, but the summits are getting trickier after Trump changed the rulebook on diplomacy

Here's why outdated census data threatens India's vast welfare programmes

The bureaucratic challenge of organising the world's biggest census is immense

US-China tech fight widens after Taiwan blacklists Huawei, chipmaker SMIC

Taipei this month added Huawei Technologies Co. and its main chipmaker Semiconductor Manufacturing International Corp. to its entity list, barring the island's firms from doing business with the pair

Trump policies driving firms to explore markets beyond US: McKinsey chief

To counteract the impact of tariffs, McKinsey is increasingly working with clients to cut costs, adopt more 'frugality' when it comes to capital expenditures

Nuclear-powered ships may reshape trade with cleaner, faster transport

While there are clean fuels in development like ammonia, the dearth of affordable options to power massive cargo ships has created an almost insurmountable problem

Elon musk's xAI in talks to raise $4.3 billion via fresh equity funding

Musk's company, which is responsible for the AI chatbot Grok, needs the new money, in part, because it has already spent most of what it previously raised, the materials shared with investors indicate

Softbank-backed Lenskart set to file for $1 bn IPO in coming weeks

The company raised $200 million from Temasek Holdings Pte and Fidelity Management & Research in June 2024 at a $5 billion valuation, according to Avendus Capital Pvt, one of the deal's advisors

Washington Post probes hacking attempts on journalists' email accounts

The attack was first reported by the Wall Street Journal, which cited unnamed sources as saying the hack was potentially the work of a foreign government

OpenAI wins $200 mn contract with Pentagon to pilot AI for defence tasks

OpenAI will work with the Defense Department to come up with ways that AI can help with administrative tasks, such as getting health care for US military members and helping prevent cyberattacks

Banks in need of better security as payment frauds triple in value

According to the central bank's latest annual report, more than half of frauds took place in digital or card-based transactions, even though they accounted for only 1.4% of the $4 billion in scams

Senate Republicans unveil new tax-cut plan, slash health coverage for poor

The bill would preserve Trump's first-term tax cuts and create several new breaks that he championed on the campaign trail - including eliminating taxes on tips

Russia sanctions would cost US 'a lot of money', says Donald Trump

European leaders urge Trump to impose new sanctions, saying it's key to pressuring Putin to negotiate sincerely as the Ukraine war enters its fourth year

Donald Trump, Japan's Ishiba fail to reach trade deal at G7 Summit

Failure to secure a concrete deal may undermine Ishiba's leadership ahead of next month's upper house polls, despite his hopes of the summit marking a breakthrough in ongoing tariff talks

Abu Dhabi's Adnoc makes $19-billion takeover bid for LNG producer Santos

Adnoc's investment arm XRG PJSC joins peers including Saudi Aramco in targeting LNG, tapping the potential of one of the fastest-growing fossil fuel markets

Air India crash may trigger insurance claims worth around $475 million

Insurance premiums across the aviation industry are expected to rise in India, either now or at the time of policy renewals, according to people familiar with the matter

Banga family's Caravel becomes biggest shareholder in Pacific Basin

Caravel disclosed a 7.5 per cent stake in late March, and since then it has steadily expanded its holding in Pacific Basin

Status of Iran's near-bomb grade Uranium stock looms over IAEA meet

The International Atomic Energy Agency's board meets Monday in Vienna, just days after a divisive vote that found Iran in non-compliance with its legal obligations

China joins US in brain implant race with successful clinical trial test

Chinese researchers used brain-computer interfaces, or BCI, a wireless invasive implant in a patient with tetraplegia in March

Trump's rethink on Australia submarines gives China a strategic edge

First announced by former President Joe Biden in 2021, the multibillion-dollar deal commits Washington and London to help Canberra develop a fleet of nuclear-powered submarines over a 30-year period

Australians equally distrust both Donald Trump, Xi Jinping, survey finds

A new Lowy Institute survey found that 72% of Australians don't trust Donald Trump to act responsibly in global affairs, slightly more than the 71% who expressed distrust in China's Xi Jinping