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Kuwait's oil ministry building set ablaze by Iranian drone strike

The damaged building, which also houses the emirate's oil ministry, was evacuated and firefighting crews were on the scene

Iraqi ships can transit through Strait of Hormuz: Iranian military

The declaration has the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes

US deploys bulk of stealthy long-range missiles for Iran conflict

The US has allocated funds to buy more than 6,200 JASSMs since 2009, and production of the baseline JASSM for US supplies ended about 10 years ago

Russia's VPN crackdown caused bank outage, says Telegram founder

Attempts on Friday to limit VPN use could have sparked the disruption affecting banking apps, The Bell and other Russian media reported, citing industry sources who weren't identified

IMF warns tokenized finance risks amplifying market crises ahead

Faster blockchain systems could limit regulators' crisis response

How the Iran conflict is reshaping global aviation, shifting market share

The global aviation dynamic changed almost overnight when the Iran war broke out, shuttering airspaces, grounding planes and leaving regional airlines in disarray

OpenAI rejigs leadership as COO shifts out of role, AGI CEO taking leave

Fidji Simo, OpenAI's CEO of AGI development who oversees much of its core business, will also take a medical leave for several weeks to seek new treatment for an ongoing neuroimmune condition

French, Japanese-owned ships make first crossings through Strait of Hormuz

Traffic in the Strait of Hormuz has practically halted since the US and Israel attacked Iran, with just a trickle of ships able to make the crossing

Nasa astronauts on track to moon after Orion engine burn for lunar flyby

Known as the translunar injection burn, this step had little room for error in order to put Orion on the correct trajectory for the 10-day mission to lap the moon

SpaceX targets more than $2 trillion valuation ahead of record-breaking IPO

At more than $2 trillion, SpaceX's valuation would increase by nearly two thirds in a matter of months

US launches rescue for F-15 crew after fighter jet downed in Iran

The first known combat loss of a US fighter jet would mark a significant escalation in the five-week war that already has triggered a global energy crisis

First LNG tanker exits Strait of Hormuz along Omani coast since war

LNG ships have avoided Hormuz since the conflict broke out on Feb. 28, disrupting about a fifth of the world's supply of the fuel

Israel reopens largest gas field after West Asia war shut it for a month

Israel had ordered the temporary shutdown of some gas fields as a security measure after the conflict broke out on Feb 28

RBI's measures can delay the slide, but may not steady the rupee at 93

RBI faces a tough trade-off between defending Rupee and supporting growth, as oil shocks and global pressures make balancing exchange rate stability and domestic interest rates increasingly untenable

US allies working on plan B for Strait of Hormuz if Trump walks away

Virtual meeting of around 40 nations showed the coalition of countries deem it necessary to begin preparations for having to reopen the strait without the US

Trump to impose up to 100% tariffs on imported drugs with some exemptions

Duties for products made by certain larger companies will take effect in 120 days, while items from smaller manufacturers won't be hit for another 180 days, according to a White House statement

Hegseth asks US Army Chief Gen Randy George to step down: Pentagon

The move comes as the US and Israel continue a war against Iran, a mission that has recently seen the US send thousands of troops into the region for a possible ground operation

Trump warns Iran to strike a deal 'before it is too late' as war deepens

Earlier Thursday, Iran's semi-official Fars news agency reported that airstrikes had hit numerous targets, including a bridge connecting Tehran to the city of Karaj

Microsoft aims to develop large cutting-edge AI models by next year

Microsoft is assembling the com- puting horsepower to build more broadly capable models, Suleyman said

US trade deficit widens to $57.3 billion in February, below forecast

The median estimate in a Bloomberg survey of economists called for an almost $61 billion deficit