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Brent surpasses $90 as US-Iran conflict fuels fresh oil price rally

Brent crude futures climbed $2.09, or 2.37%, to $90.19 ​by 0241 GMT, touching the highest since June 11, extending gains after rising 15.9% last ‌week, its biggest weekly gain since April

India FX traders eye oil prices, RBI defence; bonds bulls await index call

The rupee closed at 96.28 per dollar on Friday, down ​about 1% on the week, its steepest drop since May, the month in which the currency hit its all time-low of ‌96.96

Asian shares hesitant as oil prices climb, tech earnings come into focus

Brent crude climbed above $90 as the Gulf conflict intensified, reviving inflation worries and rate-hike bets ahead of earnings from major technology companies including Alphabet, Tesla and Intel

Gulf crude exports jump in July but shipments slowing on latest hostilities

Gulf crude exports hit their highest level since before the Iran conflict, but renewed fighting is slowing tanker traffic through the Strait of Hormuz

Samsung cuts US jobs, offers relocations ahead of headquarters move

Samsung has cut jobs in its US consumer electronics business as it relocates its headquarters to Texas while prioritising growth in AI-driven chip operations

Boeing focused on production, not new orders at Farnborough Airshow

Boeing says boosting aircraft production and deliveries, rather than announcing new orders, is its top priority as it works to strengthen its recovery

Musk's SpaceX in talks to provide computing power to Pentagon: Report

According to the ‌report, SpaceX employees have ​discussed plans to compete more directly with neocloud firms such ‌as CoreWeave by ​selling computing ‌capacity

DeepSeek seeks fresh funding at $74 bn valuation ahead of onshore IPO

Chinese AI startup DeepSeek is reportedly planning to raise up to 50 billion yuan in a fresh funding round at a valuation of about 500 billion yuan, ahead of a potential mainland stock market listing

Yes Bank Q1 result: Net profit rises 34% to ₹1,070 cr on strong loan growth

Yes Bank reported a 34 per cent increase in June quarter net profit to ₹1,070 crore, driven by robust loan growth, higher net interest income and steady growth in deposits

US partially restores Hong Kong's special status, drawing praise from China

Washington ended a five-year-old national emergency linked to Hong Kong, partially restoring the city's special legal status while leaving key sanctions under existing legislation unchanged

Top US prosecutor declines to challenge DOJ move to drop Gautam Adani case

A Brooklyn federal prosecutor told the court he had no basis to question the Justice Department's decision to drop the fraud and bribery case against Adani, while stopping short of endorsing the move

Apple narrows gap with Nvidia in race for world's most valuable firm

Apple briefly overtakes Nvidia in intraday trade as investors broaden their focus beyond AI chipmakers, narrowing the gap in the race for the world's top valuation

Xi pitches China as leader of a new global artificial intelligence order

Xi Jinping uses China's premier AI conference to promote open-source technology, strengthen ties with the Global South and position Beijing as an alternative to US-led AI governance

China's Moonshot launches world's largest open AI model, nears US rivals

The Chinese startup said its 2.8 trillion-parameter open-weight model delivers performance approaching Anthropic's frontier systems while supporting a 1 million-token context window

SP Group completes long-delayed debt fundraising worth ₹21,500 crore

SP Group, Tata Sons' largest minority shareholder, owns around 18.4% of the company's shares, has struggled for years to monetise the holding

India to launch headline services output index within months: Govt

The proposed index will provide India's first official monthly measure of output across the services sector, complementing existing manufacturing indicators

EU orders Google to open services to AI, search rivals under Big Tech rules

EU regulators have told Google to give OpenAI, other AI developers and search competitors greater access to its services under the Digital Markets Act, despite the company's objections

Oil prices rise on growing US-Iran hostilities, threat of Red Sea closure

Oil prices edged higher, with Brent crude above $85 a barrel, as escalating US-Iran attacks raised concerns over disruptions to supplies through the Strait of Hormuz

US FDA approves Merck's daily cholesterol pill to sharply lower LDL levels

The US FDA has approved Merck's Lipfendra, the first oral PCSK9 inhibitor for lowering LDL cholesterol in patients at risk of cardiovascular disease

Uber agrees on $15 billion deal to acquire Germany's Delivery Hero

Uber will buy Germany's Delivery Hero for $14.8 billion to expand Uber Eats globally and strengthen its position against DoorDash and Just Eat