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SoftBank's Son and OpenAI's Altman see no end to AI demand and scaling

Speaking via teleconference at SoftBank World, the two business partners argued that advancing artificial intelligence would lead to new jobs that are not yet imagined

Schneider Electric mulls buying Temasek's 35% stake in Indian JV

Schneider is in talks to buy the 35 per cent stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion

Drones strike three oil fields in northern Iraq's Kurdistan region

Two drones attacked the DNO ASA-operated Peshkabir field around 6am local time, the Directorate General of Counter Terrorism in Kurdistan said in a statement

Trump AI czar Sacks defends reversal of chip export curbs to China

Allowing Nvidia to resume H20 chip shipments will help the US compete globally and curb Huawei's efforts to expand its share in the international tech market, Sacks said

Musk's SpaceX plans share sale valuing firm at nearly $400 billion

The deal marks a rapidly climbing value for Musk's rocket and satellite maker, and cements SpaceX's status as the most valuable private startup in the world

US trade wars to hit households worldwide, says BOE Bailey Warns

Bailey called for greater cooperation between countries, particularly the US and China to resolve unsustainable trade and financial imbalances

Trump admin pulls back deployment of 2,000 National Guard troops in LA

About 2,000 National Guard troops will be released from duty because the lawlessness in Los Angeles is subsiding, Pentagon spokesman Sean Parnell said

India, Asean drift apart as Trump tariffs strain trade ties and trust

Trump might be the immediate cause of this rift, but, as always, China's massive manufacturing overcapacity is at the heart of the problem

Trump strikes trade deal with Indonesia, imposes 19% tariff on imports

Trump has sent tariff letters over the last week to multiple trading partners, increasing pressure on negotiators ahead of an Aug. 1 deadline for higher duties to take effect

Nato chief warns India, China, Brazil of US sanctions over Russia ties

Trump didn't name Brazil, China or India but those are three countries that have continued to buy Russian oil and petroleum products in the years since Putin's forces invaded Ukraine in 2022

Indira IVF's $408 million India IPO may see EQT, founders exit stake

The company, backed by private equity firm EQT AB, plans to submit the so-called draft red herring prospectus later this month

Nvidia, AMD to restart AI chip sales to China after US export nod

US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, the company said in a blog post on Monday

China's economy grows 5.2% as strong exports mask weak consumer demand

Industrial output rose 6.8 per cent in June from a year earlier, faster than the 5.6 per cent expansion forecast by economists

RBI may cut rates further if inflation falls or growth slows: Guv Malhotra

While price stability remains the central bank's primary objective, growth is also a key consideration

Labubu craze to power 350% profit surge: Chinese toymaker Pop Mart

Labubu - a plush, pointy-eared, serrated-tooth monster - is the center of a global collectibles craze, with celebrities like Rihanna and BlackPink's Lisa flaunting them

Trump's Russia threat puts spotlight on India, China crude oil imports

Russian flows to India reached 2.1 million barrels a day in June, the biggest monthly intake in nearly a year, and close to the record set in May 2023, data from Kpler show

Tesla on trial in Florida over fatal crash linked to autopilot system

Family members of the woman killed in the crash, Tesla engineers and auto-safety experts are expected to provide testimony in a federal courtroom in Miami during the jury trial

China's rare-earth metal exports spike to highest level since 2009

China's exports of rare earths in June climbed to their highest since 2009, according to official data, indicating a push by global buyers to get hold of the materials used to make powerful magnets

Pentagon awards AI contracts to Google, OpenAI, xAI and Anthropic

The contracts represent a significant revenue stream for AI companies, which have been looking to expand their reach into the public sector

HCL Technologies, Tech Mahindra lift veil on Q1 IT industry outlook

Quarterly sales across India's computer services and IT firms are projected to have slid 0.6 per cent sequentially, Jefferies analysts Akshat Agarwal and Ayush Bansal said