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China issues new financial guidelines to spur consumption, boost income

The guidelines, drafted jointly by six government departments and released by the central bank, said China would support eligible companies across the consumer industry chain

Judge blocks Trump admin from withholding funds for EV charger infra

US District Judge Tana Lin ruled that states are likely to succeed in their lawsuit claiming the federal government illegally withheld billions meant for EV charging station infrastructure

Asian markets steady, dollar slips as Israel-Iran truce lifts mood

The dollar wallowed close to an almost four-year trough versus the euro with two-year US Treasury yields sagging to 1 1/2-month lows

Zelenskyy warns NATO allies before Hague summit of Russia threat

President Donald Trump's past criticism, and determined to expand and upgrade its defences to deter any attack from Moscow

Shares rally, oil slumps as Iran-Israel ceasefire goes into effect

Brent futures had already slid 7% on Monday and U.S. shares jumped after Iran made a token retaliation against a US base and signalled it was done for now

US judge blocks Trump plan to close Harvard's doors to int'l students

US District Judge Allison Burroughs in Boston issued an injunction barring Trump's administration from carrying out its latest bid to curtail Harvard's ability to host international students

Rate cuts can wait as Fed monitors inflation from tariffs, says Powell

In his prepared testimony Powell said the economy remains in a "solid position," with low unemployment and inflation far below its pandemic-era peak

Anthropic wins key US ruling on AI training in authors' copyright lawsuit

US copyright law says that willful copyright infringement can justify statutory damages of up to $150,000 per work

Tesla launches robotaxi pilot in Texas, faces tough road to mass rollout

For years, Musk has said Tesla would soon operate its own autonomous ride-hailing service and also turn any Tesla, new or used, into a cash-generating robotaxi for its customers

DeepSeek aids China's military and evaded export controls, says US official

The US conclusions reflect a growing conviction in Washington that the capabilities behind the rapid rise of one of China's flagship AI enterprises may have been exaggerated and relied heavily on US

Gold prices rise as Iran-Israel conflict fuels safe-haven demand

Spot gold gained 0.5per cent at $3,384.59 an ounce, as of 1245 a.m. EDT (1645 GMT). US gold futures was up 0.4per cent at $3,400.70

Global equities rise as oil prices dip, markets downplay Iran conflict

The Dow Jones Industrial Average rose 0.17% to 42,279.55, the S&P 500 rose 0.48% to 5,996.40 and the Nasdaq Composite rose 0.61% to 19,565.74.

Impact of India's large rate cut may be limited, says rate panel member

The MPC delivered a larger-than-expected 50-bp rate cut in June to bolster economic growth as inflation remained below target

Limit on duration for state debt STRIPS may dent demand, say insurers

STRIPS allow dealers to sell principal and interest payments independently, enhancing liquidity in the state government securities by enabling distinct trading of these components

Oil surges to five-month high after US hits Iran's key nuclear sites

Market participants expect further price gains amid mounting fears that an Iranian retaliation may include a closure of the Strait of Hormuz

North Korea condemns US strike on Iran as violation of sovereign rights

United States and Israel are the culprits of the current tensions in the Middle East born out of Jerusalem's "ceaseless war moves and territorial expansion"

Airlines weigh Mideast cancellations after US strikes leave many stranded

With Russian and Ukrainian airspace closed due to war, the Middle East route is vital for Europe-Asia flights, but FlightRadar24 showed empty skies over Iran, Iraq, Syria, and Israel

Israel's equity stocks rise on hopes US strikes may ease Iran conflict

The Boursa Kuwait Premier Market Index and the MSX30 Index in Muscat added 0.4 per cent each. Qatar's benchmark was 0.2 per cent higher

UN Security Council to meet on Iran as Russia, China push for a ceasefire

The US is likely to oppose the draft resolution, seen by Reuters, which also condemns attacks on Iran's nuclear sites and facilities

Response to US strikes on Iran only a matter of time: Yemeni Houthis

Mohammed al-Bukhaiti, a member of the Houthi movement's political bureau, told Al Jazeera Mubasher TV that its ceasefire deal with Washington was before the "war" on Iran