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Iranian businesses buckle under strain of record internet shutdown

Iran imposed heavy restrictions on internet after Israel and US started their war on the country in late February, having earlier blocked online access during nationwide protests the previous month

Elon Musk, Sam Altman under fire over management styles in OpenAI trial

The trial, which just finished its second week, is revisiting OpenAI's arc from scrappy startup founded in 2015 to benefit humanity to behemoth now valued at almost $1 trillion

Democrats' midterm math dealt blow as Supreme Court tosses Virginia map

The decision marks a significant milestone in an escalating effort by Republicans and Democrats to maximize partisan advantages ahead of the November vote by redrawing congressional districts

Poor returns drive Indian investors to foreign markets as rupee weakens

Indian investors are increasingly turning to overseas markets for diversification, stronger returns and exposure to global technology themes

TSMC posts 17.5% jump in sales on sustained AI buildout momentum

Taiwan Semiconductor Manufacturing and Sony Semiconductor Solutions Corporation are planning to form a joint venture to build next-generation image sensors

Trump administration plans to raise cost of hiring H-1B workers by 30%

The new thresholds are ultimately likely to shrink opportunities for young talent as employers balk at paying more

West Asia conflict tests Wall Street firms' addiction to Mideast money

Private equity and asset managers are reassessing fundraising expectations from Gulf sovereign wealth funds as the Iran conflict triggers caution despite assurances from major Middle Eastern investors

Vodafone weighs stake transfer to shore up Voda Idea's capital base

The UK telecom company, which owns 19% of Mumbai-listed Vodafone Idea Ltd., is considering transferring part of its shareholding to the Indian company to hold in treasury

Global food prices hit 3-year high as Iran war disrupts supply chains

United Nations' index of food-commodity prices gained 1.6 per cent in April, led by higher vegetable oil, meat and cereal prices

Airtel Africa delays IPO of mobile money unit to second half of 2026

Airtel delayed the proposed IPO to the second half of the year from the first because of the war in Iran

Piramal Finance planning to raise $1 billion via foreign currency loans

Piramal Finance Ltd will mainly tap foreign banks and multilateral agencies for the loan, with tenors ranging from three to five years, Chief Executive Officer Jairam Sridharan said

Asia's heat waves spell double trouble for economies hit by oil price shock

Inflation accelerated to multiyear highs across much of Asia, latest figures showed, led by higher transport, logistics and utility costs

Trump-Xi summit stays on track despite China's hesitation over Iran crisis

Trump and Xi Jinping are slated to meet May 14-15 after their summit was rescheduled once due to the war, which has triggered an energy crisis and restricted supplies to importers of West Asia crude

Judge denies Google bid to pause search data-sharing order in monopoly case

US District Judge Amit Mehta denied Google's request for now, saying that any data sharing is at least months away and therefore the company is not at risk of any immediate harm

Berkshire Hathaway's retirement gift for CFO: 30 NetJets hours per year

Hamburg will be granted as many as 30 hours of flights a year on mid-sized jets operated by Berkshire-owned NetJets Inc. through May 2037, the company said

US strikes Iran after attack on destroyers; Trump pressures Tehran for deal

Trump told reporters the ceasefire was still in effect despite the back-and-forth, downplaying Iran's actions while warning of consequences if a deal wasn't struck

US court finds Trump's latest 10% tariffs unlawful, blocks enforcement

Trump had imposed the 10% duties in February under Section 122 of the Trade Act of 1974, which had never previously been invoked

AI bots auditioning for Wall Street trading are mostly losing money

Public AI trading contests show leading models still struggle to beat markets consistently, highlighting limits of generative AI in fund management

Marco Rubio discusses West Asia with Pope after Trump dispute

US Secretary of State Marco Rubio met Pope Leo XIV at the Vatican amid tensions sparked by Donald Trump's criticism of the pontiff over the Iran conflict

US waits on Iran's peace deal response as Israel strikes Lebanon

The US awaits Iran's response to a proposed peace deal as tensions persist in the West Asia, with Israel resuming strikes near Beirut despite a Lebanon ceasefire