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Oil prices extend gains as US-Iran strikes threaten West Asia supplies

Brent crude futures climbed 52 cents, or 0.54%, to $96.80 a barrel by 2354 ‌GMT while US West Texas Intermediate crude was at $92.14 a barrel, up 66 cents, or 0.72%

Iran warns of 'painful response' to further US attacks amid sanctions

A preliminary ceasefire accord reached in June has unravelled and little progress has been made in diplomatic efforts to get the peace process back on track

German space rocket reaches orbit in Europe's first commercial launch

German Chancellor Friedrich Merz hailed Saturday's launch in a statement, calling it "the beginning of a new era"

US envoys make first Kyiv visit amid Russia-Ukraine war peace push

Kushner and Witkoff travelled from Moscow, where they held three hours of talks with Russian President Vladimir Putin on Saturday but did not appear to secure a breakthrough in the conflict

China to pump $47 bn into state banks, insurers in capital-boosting push

China Life Insurance (Group) Co, the country's ‌largest life insurer, will receive 35 ​billion yuan, while ​China Taiping Insurance Group will get 7 billion yuan, the ​two groups said

US strikes Iranian oil carriers after IRGC fires missiles at Navy ships

The exchange of attacks followed an escalation in the past week that threatens to deepen a conflict that has continued since the US and Israel launched strikes on Iran in February

Kremlin says Ukraine talks with US envoys useful but no breakthrough seen

In televised ‌remarks at the start of the talks, Putin praised Trump's efforts to end the war

Iranian tanker targeted by 4 US missiles near Kharg Island oil export hub

Explosions were heard near Iran's key Gulf oil terminal, while unconfirmed reports said a tanker may have been targeted by a US missile

Localised ceasefire in effect for Zaporizhzhia nuclear plant repairs: IAEA

The Russian-controlled nuclear plant in Ukraine has relied on emergency diesel generators since August 20, with fuel reserves running low and a possible blackout looming

US, China may discuss AI safety in September ahead of Trump-Xi summit

The planned dialogue would be the first official US-China discussions focused exclusively on AI since Donald Trump returned to the White House

Anthropic may begin IPO marketing in October, eyeing November listing

The AI company is now expected to make its IPO prospectus public in late September, potentially paving the way for one of the largest-ever public listings

Govt flags Abhayrab rabies vaccine batch as substandard after potency test

Drug regulator flags a batch of widely used Abhayrab rabies vaccine as substandard and potentially spurious after it failed a potency test, a government document shows

Mkts regulator presses ahead against Hindenburg, others in Adani case

Sebi has begun hearing representations as it seeks to recover gains from trades allegedly based on prior knowledge of Hindenburg Research's Adani report

US targets three Turkey-based entities with Iran-related sanctions

The entities targeted are Golden Global Portfoy Yonetimi Anonim Sirketi, Golden Global Varlik Kiralama Anonim Sirketi, and Golden Global Yatirim Bankasi Anonim Sirketi

World food prices rise in August to their highest since late 2022: FAO

The FAO's price benchmarks for cereals, vegetable oils, sugar, meat and dairy all rose in August

A year after Armani's death, firm faces challenge of 'inevitable evolution'

Industry executives and analysts warn, however, that a year on, the late designer's heirs and advisers must now focus on evolving, to keep the brand fresh and relevant

RBI steps in again to support rupee as oil prices, Asian currencies weaken

The RBI stepped up dollar sales near the start of Friday's session and continued its intervention through the day, helping the rupee withstand higher oil prices and weakness in Asian currencies

US job growth may rebound in August; unemployment rate forecast at 4.1%

US payrolls are expected to rebound in August as a temporary drag from local government education fades, though job losses linked to Haiti's protected status could limit the recovery

Asian shares climb as Fed rate hike fears ease ahead of US jobs data

Asian shares rose as investors awaited key US jobs data, while the yen rallied 2.6% this week after Fed Governor Christopher Waller eased fears of a rate hike

Chinese AI firm Moonshot files confidentially for Hong Kong IPO

The developer of the Kimi large language model is aiming to raise $3 billion, one of the people said, as per Reuters.