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Saudi Arabia rapidly losing appetite for oil amid renewables push

Saudi Arabia, the world's biggest net exporter of crude, is using renewables to drastically reduce its petroleum consumption

Starbucks struggles to find new identity amid fierce competition in China

The stake sale exercise is underscoring Starbucks' identity crisis in China as it tries to salvage a flagging legacy business amid fierce domestic competition

India's quasi-sovereign wealth fund seeks to double assets to $10 bn

The move comes as the likes of KKR & Co., Brookfield Asset Management Ltd. and GIC Pte are pumping in hundreds of millions of dollars to develop the country's roads, renewable energy projects

Nvidia, AMD China revenue deal could be model for others, says Bessent

Asked about reporting that China is urging its companies to avoid the Nvidia H20 processors now allowed for its market, Bessent said "sure, we can discuss that" with the Chinese

Europe turns to air conditioning as extreme heat becomes new normal

This spring, the owners installed air conditioning - discreet Mitsubishi Compact+ units mounted against the exposed stone walls to preserve the château's traditional charm

Trump Wins Fight to Withhold Billions of Dollars in Foreign Aid

In a 2-1 decision on Wednesday, the appellate panel reversed a Washington federal judge who found that US officials were violating the Constitution's separation of powers principles

Bessent urges Federal Reserve to lower rates by 150 basis points or more

Fed policymakers kept their benchmark at a target range of 4.25 per cent to 4.5 per cent at their last policy meeting

Zelenskyy rejects ceding Donbas to Russia, seeks role in US-Russia talks

Vladimir Putin is demanding that Ukraine give up the Donetsk and Luhansk regions that together form Donbas as a condition to unlock a ceasefire

Court rejects Musk's bid to dismiss OpenAI's harassment allegations

The ruling marks the latest turn in dispute that began when Musk accused OpenAI of abandoning its nonprofit roots by taking billions from Microsoft in 2019, a year after he left

India-China thaw takes shape as PM Modi embraces Brics over Trump

The blow from India's largest trading partner hit hard, especially after PM Modi had lavished praise on Trump and was among the first foreign leaders to visit after his return to the White House

Panama Canal set to enter ports business as Trump-China feud simmers

Though China has no role in operating the canal, Hong Kong-based conglomerate CK Hutchison Holdings Ltd has operated ports on the Atlantic and Pacific sides

Maruti Suzuki India bets on SUVs to offset small car sales slowdown

Indian unit of Japan's Suzuki Motor Corp plans to launch a new SUV on Sept 3 and hopes it will double its sales in the segment

India's trade dilemma: Shield farmers, textiles or risk US cotton tariffs

Losing access to the US consumer may hurt India's farm economy more than slashing its 39 per cent average tariff on imported produce

Evergrande delisting over $45 billion debt deepens China property crisis

The delisting comes as liquidators sifting through the books revealed that the developer's debt load now stands at about HK$350 billion ($45 billion), much bigger than previously disclosed

AI eroded doctors' ability to detect cancer within months in study

AI helped health professionals to better detect pre-cancerous growths in the colon, but when the assistance was removed, their ability to find tumors dropped by about 20 per cent

Singapore to sell Hermes bags, gold bars seized from money launderers

The local unit of consulting firm Deloitte has been appointed to manage the process of selling the non-cash assets

Trump says he may allow lawsuit against Fed chief Powell over renovations

Trump in a social media post on Tuesday resumed his criticism of the Fed chair over the central bank's decision to hold interest rates steady and again hammered Powell over the renovation work

China asks companies not to use Nvidia H20 chips in a new guidance

Over the past few weeks, Chinese authorities have sent notices to a range of firms discouraging use of the less-advanced semiconductors, people familiar with the matter said

M&M expands capacity at South African plant as US tariffs hit auto sector

Sluggish growth in the continent's most-industrialized nation has led South Africans to demand more economical cars

Xi Jinping takes aim at US' protectionism in phone call with Brazil's Lula

Brazil's president, known universally as Lula, and Chinese leader Xi Jinping also agreed on upholding multilateralism through the Group of 20 and Brics