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Trump picks former US Deputy Surgeon General Erica Schwartz for CDC

Schwartz, who holds medical and law degrees, would be the fourth CDC leader during Trump's second term if confirmed by the Senate

Taiwan market capitalisation tops $4 trillion on AI boom, overtakes UK

Taiwan's market capitalisation rose to $4.14 trillion as of Wednesday, making it the world's seventh largest, according to data compiled by Bloomberg

Domestic LNG importers scoop up spot shipments after prices recede

The purchases mark a turnaround after Indian buyers had earlier limited spot purchases and canceled tenders because offers were too expensive

Iran-linked tankers transit Strait of Hormuz via new route amid US blockade

Tankers G Summer and Hong Lu took an unusual route via Fujairah, the Gulf of Oman and along Iran's coast before entering the Strait of Hormuz, highlighting a rare, circuitous navigation path this week

Surge in US debt supply may raise global borrowing costs, warns IMF

The IMF pointed to a narrowing gap between the yields of AAA rated corporate bonds and Treasuries as a sign of reduced appeal for US government securities

'Iran war may be as disruptive for India as Covid; long-term impact likely'

Although the government is sticking to its forecasts of 6.8 per cent-7.2 per cent for the fiscal year through March 2027, several economists have already started to downgrade their projections

Trump admin to preserve billions in hydrogen funds pegged for termination

US is set to retain nearly $5 bn in hydrogen hub funding, and revive carbon capture projects backed by major energy firms, signalling continued support for clean energy despite earlier proposed cuts

Kotak Mahindra AMC outperforming 98% of peers bets on defence stocks

Indian defense firms have rallied in recent years on the back of policy support to boost domestic production and the government's focus on local procurement and capability building

Emerging markets investing pioneer Mark Mobius dies at 89 in Singapore

Mobius became an evangelist for money-making opportunities in Africa, Asia, Eastern Europe and Latin America

Japan to provide $10 bn support to Southeast Asia to secure oil amid surge

Southeast Asian nations including Vietnam have previously sought help from Japan as well as from South Korea for crude oil supplies.

India receives Iranian oil for first time in 7 years before US waiver ends

Import-dependent, price-sensitive India has been acutely impacted by the upheaval in global energy flows since US and Israeli strikes on Iran began at the end of February

EU unveils age verification app as social media bans gain steam

The software was originally pitched as a way to prevent children from accessing obscene or harmful content online and comes as many EU members are debating restricting social media for minors

US SEC approves plan removing day-trading limit for small investors

New margin standards, which require customers to have enough equity in their account to cover the risks they run at that moment, will apply to all investors rather than just small ones

HAL, GE sign tech deal to jointly make jet engines, boost defence ties

The pact includes the transfer of manufacturing expertise to India and will be followed by a final contract

Air India seeks funds from Tata, Singapore Air after ₹22,000 crore loss

Size of the infusion from the majority shareholders is still being discussed but may be less than what the carrier needs, meaning Air India would have to look for other financing options

Is college education still worth it in India as AI reshapes jobs market?

Without a shift to vocational training and stronger manufacturing to absorb workers, the college degree will remain a pricey ticket to a lottery that has stopped paying out

Iran restores limited internet connectivity in rare move to stem war losses

The move follows comments from an Iranian official that domestic businesses were losing $30 million to $40 million a day due to the internet blackout

Amazon-Globalstar deal poised to boost Apple's satellite ambitions

If the deal goes through as planned, Apple will get a deep-pocketed and ambitious partner in satellite communications. That should help the iPhone maker expand its offerings

Amazon's $11.6 bn deal with Globalstar ramps up rivalry with Elon Musk

The e-commerce giant has been trying for years to break into satellite services to gain new sources of growth beyond its enormous retail and cloud-computing businesses

Pope should be careful with words, says Vance on criticism over Iran war

Vance on Tuesday said he admired the pope and did not mind Leo weighing in on current events, but took issue with his stance on West Asia conflict