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OpenAI gets US govt's approval for broad rollout of advanced GPT-5.6 model

OpenAI expects to release GPT 5.6 more widely this week following additional testing and meetings with US government officials, the report ‌said

China lifts July fuel export curbs, lets private refiner resume shipments

Only state-owned companies were ​permitted to export gasoline, diesel and jet fuel in the past few months while it remains unclear if the lifting of export curbs will ‌continue in August

New US attacks on Iran were 'absolutely necessary', says Nato chief

The US military unleashed a new wave of strikes against Iran on Tuesday and revoked a license allowing Tehran ‌to sell oil after three ​tankers were hit by ​projectiles in the Strait of Hormuz

Nato leaders meet in Ankara as US ceasefire with Iran hangs in balance

European leaders are seeking to reinforce US commitment to the alliance after Trump's criticism of allies, fresh strikes on Iran and renewed claims over Greenland

Pakistani cargo plane missing off Karachi coast after navigation problem

The Boeing 737 freighter reported a navigational system problem before losing contact with air traffic control, prompting a multi-agency search and rescue operation

Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Spot gold fell 0.1% to $4,100.32 per ounce ‌by 0107 GMT, after dropping to its lowest since July 2 earlier in the day

Oil prices jump 2% as US strikes on Iran revive supply disruption fears

Brent crude futures gained $1.38, or 1.9%, to $75.54 a barrel, and US West Texas Intermediate crude climbed to $71.81 a barrel, up $1.37, or 1.9% at 0128 GMT

Iran military command vows 'crushing response' after fresh US strikes

The US military ‌unleashed a new wave of ​strikes against Iran on Tuesday and revoked a license ​allowing the country to sell oil after three tankers ‌were hit by projectiles in ‌the Strait of Hormuz

US strikes Iran after revoking oil sanctions relief over Hormuz attacks

Iranian media reported explosions early Wednesday local time in the southern port city of Sirik, on Qeshm Island, and in Bandar Abbas. No civilian deaths were reported, but several people were injured

Trump says he will lift Turkey sanctions, decide on selling F-35s

Trump said the US would lift sanctions on Turkey and consider an F-35 fighter jet sale, signalling a shift in defence ties with Ankara

Nato showcases big arms deals in Ankara before summit with Donald Trump

At a defence industry forum in Ankara, Nato Secretary General Mark Rutte announced a series of initiatives, with the cumulative value of the deals displayed on a large screen

Samsung posts 19-fold jump in profit, but AI demand concerns hit shares

Samsung shares nevertheless dropped as ​much as 7.9% in morning trade, while rival SK Hynix's shares ​fell as much as 7.3%, dragging the benchmark KOSPI down 6%

Britain's Farage quits parliament in protest, will stand for re-election

Nigel Farage quits as a UK lawmaker to trigger a by-election, saying he will seek a fresh mandate and continue Reform UK's political campaign

Beijing weighs curbs on overseas access to China's advanced AI models

Companies that attended the meetings included Alibaba, ByteDance and startup Z.ai, the sources said. They were not authorised to speak to the media and requested anonymity

Trump says he thinks war in Ukraine will be settled, 'hopefully soon'

Trump said talks with Putin and Zelenskiy showed both sides want a deal, raising hopes for a possible settlement in the Russia-Ukraine war

Donald Trump says Greenland should be controlled by the US, not Denmark

Trump renewed calls for US control of Greenland, reviving tensions with Denmark and raising fresh questions over Arctic security and NATO relations

US stocks: S&P 500 slips, Nasdaq falls as AI chip worries persist

Nvidia fell 1.8 per cent after Reuters reported that DeepSeek is developing its own AI chip, a move that could reduce its dependence on Nvidia and Huawei chips

SBI Funds Management draws top sovereign funds in $1.2 billion IPO

SBI ​Funds Management, a joint venture between the country's largest lender State Bank of India ​and Europe's largest asset manager Amundi, manages assets worth ₹12.5 trillion as of end-March 2026

China's booming gig economy masks job market pain, strains welfare system

An estimated 320 million Chinese are expected to be in flexible employment this year as a weak labour market, AI adoption and a property downturn push more workers into gig jobs

MRPL first state refiner to charter Iraqi crude cargo since Hormuz blockade

MRPL has booked the Aframax tanker Jasmin Joy to load crude from Iraq's ‌Basrah oil terminal on July 19-20