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Amid big UK election win, Labour Party loses 4 seats to pro-Gaza candidates

Labour party, which has long counted on the backing of Muslim and other minority groups, saw its vote fall on average by 10 points in seats where more than 10 per cent of population identify as Muslim

PM Modi to seek early release of Indians from Russian army in Moscow talks

At least four Indian nationals have been killed in the war so far, prompting Modi's government to call for an immediate stop to such recruitment and quick release of Indians fighting in the army

Oil prices on track for fourth straight week of gains as demand rises

With the U.S. market shut on Thursday for the Independence Day holiday, trading was thin and there was no settlement for WTI, but prices have risen this week on strong summer demand expectations in US

Chinese AI firms showcase resilience at AI event despite US sanctions

More than 150 AI-related products and solutions are being exhibited at the conference, with a small number of foreign firms such as Tesla and Qualcomm joining the predominantly Chinese line-up

World leaders congratulate Starmer after Labour's victory in UK election

We will continue the work begun with the UK for our bilateral cooperation, for peace and security in Europe, for the climate and for AI, said French President while congratulating Keir Starmer

French elections: Exit polls predict hung parliament; Far Right could gain

A total of 577 constituencies are being decided in the election, one for each seat in the National Assembly, the lower house of parliament

Britain's PM-elect Keir Starmer inherits weak economy with 'no magic wand'

Living standards have stagnated since Conservatives took power in 2010 and Britain's recovery from the Covid pandemic has been the weakest among big rich nations after Germany

'Big beasts' slayed as Conservative party suffers UK election bloodbath

Anger at economic stagnation, political scandals and a crisis in public services after years of government spending cuts, saw voters desert the Conservative Party

Nato to issue first defence industrial pledge, urges arms production boost

Although there is a Nato standard for artillery ammunition, its implementation is voluntary

Asian stocks notch records, pound stable after Labour Party's victory

A slowdown in hiring and small uptick in unemployment is forecast, would leave open the door for US rate cuts

China's EV battery giants CATL, BYD eye stationary energy storage market

Tesla's Shanghai plant will be able to make 10,000 Megapacks a year with a combined 40 GWh of storage capacity

China struggles to make use of boom in energy storage, calls for even more

Some industry insiders and experts say pricing reforms and technology improvements are needed for a storage sector

Challenges ahead for UK's next PM Keir Starmer: All you need to know

Starmer has ruled out rejoining the EU single market or customs union but his party has said it is still possible to remove some trade barriers with bloc

Indian bond yields remain flat; traders eyeing debt auction, US jobs data

New Delhi aims to raise Rs 280 billion ($3.35 billion) by selling bonds through the weekly auction, including the liquid 15-year paper

China unveils next steps in EU brandy probe as EV tariffs take effect

There is a four-month window during which the EV tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation

Retail sales of cars fall in June for 2nd straight month, PV sales dip 6.8%

India's auto industry forms 7% of the country's GDP, according to government data

US job growth expected to slow down, unemployment rate to remain steady

Financial markets remain optimistic the Fed could start its easing cycle in September after aggressively tightening monetary policy in 2022 and 2023

OpenAI's internal design details stolen in hacker breach last year

The hacker lifted details from discussions in an online forum where employees talked about OpenAI's latest technologies

China urges EU to show sincerity in talks as EV tariffs take effect

The government has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate

Japan May household spending falls, high prices squeeze purchasing power

Consumption is among key factors the Bank of Japan (BOJ) is scrutinising to gauge the strength of Japan's economy and decide how soon to raise interest rates