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Fed needs to be fully independent from Trump, says White House's Hassett

Trump's short list of candidates to succeed him includes Hassett, former Fed Governor Kevin Warsh and current Fed Governor Christopher Waller

Japan's stressed bond market, stocks brace for PM Ishiba exit reaction

Yields on super-long Japanese government bonds (JGBs) have already been hovering near record highs due to global concerns about fiscal deficits and domestic political pressure on Ishiba

Volkswagen unveils compact electric SUV ahead of Munich auto show

European automakers are up against stiff competition from China in the quest to bring affordable EVs to the market.

Russia hits Ukraine with biggest air attack, sets govt building ablaze

Kyiv's European allies have vowed to stand by Ukraine politically and militarily, but concrete offers of assistance, including the possibility of troops on the ground, are still being discussed

Opec+ set to raise crude oil output further from October, says Iraq

That increase, which equates to about 2.4% of world demand, was intended to boost market share amid pressure from US President Donald Trump for lower oil prices

How Japan will pick its next leader following PM Ishiba's resignation

The process to pick Japan's next leader is more complicated than before

Russia launches drone attack on Kyiv, sets Ukraine govt building on fire

Kyiv's Mayor Vitali Klitschko said a fire broke out at the government building in the city centre after the attack, which began with drones raining down, followed by missile strikes

China's central bank buys gold in August for 10th consecutive month

China's gold reserves stood at 74.02 million fine troy ounces at the end of August, up from 73.96 million at the end of July

Trump admin launches immigration crackdown in Massachusetts: Report

DHS and its US Immigration and Customs Enforcement arm are calling the operation Patriot 2.0, modifying the name of a May deportation surge that led to the arrest of 1,500 people in the state

Markets log best week in 2 months as GST revamp boosts growth hopes

Benchmark indices end the week higher, posting their best gains in over two months, with optimism from GST reforms on everyday goods

US immigration agents arrest hundreds in raid at Georgia Hyundai plant

immigration officials, making it the largest single-site enforcement operation in the US Department of Homeland Security's (DHS) history

S&P 500, Nasdaq reach record highs after weak US jobs data; Broadcom surges

The Dow Jones Industrial Average rose 35.2 points, or 0.08%, at the open to 45,656.49

India's 15-year defence plan includes nuclear-powered carrier, navy jets

India also plans to induct an unspecified number of new-generation twin-engine, deck-based fighters and light combat aircraft, both being developed by state-owned Hindustan Aeronautics Ltd for navy

Anti-obesity diabetes drugs receive WHO's essential medicine tag

India is preparing for large-scale generic launches

Sebi initiates investigation into Jane Street amid continued complaints

SEBI on July 4 temporarily barred the firm from local markets on allegations of market manipulation, which the company has denied

Google hit with $3.45 billion EU antitrust fine over adtech practices

The Commission said Google favoured its own online display technology services to the detriment of rivals and online publishers and that it abused its market power since 2014 until today

Qualcomm, BMW announce automated driving system for hands-free driving

The Snapdragon Ride Pilot driver-assistance system will debut in BMW's electric iX3 and offers hands-free highway driving, automatic lane changes and parking assistance, the companies said

World food prices hit over 2-year high in August, says FAO report

Rice prices eased, mainly because of a fall of Indian prices to three-year lows on rupee weakness and intense competition among exporters

Dabur challenges Colgate as India-US trade tensions hit toothpaste ads

Consumer goods company Dabur, valued at $11 billion, took out a front-page newspaper advertisement this week carrying photos of unbranded toothpaste packs that resemble Colgate packaging

Asian stocks track Wall Street higher, bond yields ease before US payrolls

The US dollar eased slightly, giving up small gains from Thursday, when it was buoyed by soft labour market figures