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ByteDance joins AI elite in race to build next generation of world models

Founder Zhang Yiming is personally overseeing the development of a new model slated for launch as soon as next month

Jio Platforms plans to kick off investor outreach for its IPO next week

Jio Platforms filed draft documents for the offering on June 19 and received approval from the Securities and Exchange Board of India on Aug. 28

Novo Nordisk's Wegovy helped 40% of young children beat obesity: Study

The drug helped older kids lose weight in earlier studies but this marks the first trial looking at its effect on young children.

Blackstone among firms in fray to buy Fairfax stake in IIFL Finance

Blackstone is in talks with Fairfax and other shareholders to acquire the stake in IIFL Finance

Huawei's $3,000 device leads China's answer to Apple's foldable iPhone

The new foldable is significant for ushering in Huawei's LogicFolding chip design philosophy, with its Kirin 9050 Pro processor the first silicon to be developed under that program

Huawei, Xiaomi unveil top phones ahead of Apple's first foldable iPhone

Huawei on Monday will unveil the latest edition of its ultra-premium trifold device, the Mate XT 2, which has two folding mechanisms

Russian ambassador slams 'pressure tactics' over oil sales to India

The envoy's comments come after President Vladimir Putin and Prime Minister Narendra Modi met last week at the Shanghai Cooperation Organisation in Bishkek

UK government rules out Jaguar Land Rover bailout over 4,000 job cuts

JLR is set to cut 4,000 positions or roughly 10% of its global workforce over the next two years as the UK's largest carmaker confronts soaring costs, plummeting sales and US tariffs

Nepal's request for flood payout tests UN's new climate-aid system

Nepal is seeking compensation for climate change-related damages from a United Nations fund set up to help developing nations deal with the worst impacts of global warming

ECB doubles down as G7's hawk with second rate hike likely this week

In a move set to reaffirm the ECB as the most hawkish central bank among the Group of Seven, a quarter-point increase on Thursday has been widely signaled

Traders turn to bullish Chinese stock bets as AI trades crowd Korea, Japan

Trading desks from Barclays Plc to UBS Group AG are seeing rising client demand for bullish options and swap contracts tied to China's CSI indexes in recent weeks

JLR plans 4,000 job cuts over two years amid sales slump, US tariffs

Jaguar Land Rover plans a voluntary redundancy programme as it targets 1.7 billion euros in savings over two years and seeks to lower its break-even point

Trump calls Venezuela oil deal 'greatest ever', but US firms raise concerns

President Donald Trump has hailed the US-Venezuela oil accord as a major opportunity, but American oil executives fear the arrangement could sideline them from lucrative projects

Tetris maker distances itself from White House's wall-building game

The Tetris Company said it was not involved in the White House game 'Build the Wall', which uses blocks resembling Tetris pieces to depict migrants approaching the US border

India's card use set for steady growth on convenience, inclusion: Report

India's card payments are set for steady growth as financial inclusion, rising incomes and easier access drive electronic transactions, while rewards and instalment options boost credit card use

India's record diaspora inflows leave RBI facing potential $10.6 bn bill

India's record diaspora deposit drive could leave the RBI facing a $10.6 billion cost as inflows far exceeded expectations and raise challenges for the central bank's liquidity management

World Bank's Mishra pushes back on doubts over strength of India's growth

World Bank Executive Director Neelkanth Mishra said high-frequency indicators such as vehicle sales, cement volumes and credit demand point to strong economic momentum despite doubts over GDP data

T-Mobile's Gopalan bets on AI, home internet to revive subscriber growth

T-Mobile CEO Srini Gopalan is banking on home internet and artificial intelligence to drive growth and revive the company's shares, which have fallen 25 per cent since he took the job

Pacific leaders criticise China's new missile test, call for advance notice

Pacific island leaders voiced concern over an ICBM test that flew over several member states without adequate notice and called for at least 24 hours' warning for future launches

Adobe names Anil Chakravarthy as CEO, Narayen to become executive chair

Adobe will name Anil Chakravarthy as chief executive on December 1, with longtime CEO Shantanu Narayen becoming executive chair as AI tools challenge its creative software business