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Kremlin says Ukraine talks with US envoys useful but no breakthrough seen

In televised ‌remarks at the start of the talks, Putin praised Trump's efforts to end the war

Iranian tanker targeted by 4 US missiles near Kharg Island oil export hub

Explosions were heard near Iran's key Gulf oil terminal, while unconfirmed reports said a tanker may have been targeted by a US missile

Localised ceasefire in effect for Zaporizhzhia nuclear plant repairs: IAEA

The Russian-controlled nuclear plant in Ukraine has relied on emergency diesel generators since August 20, with fuel reserves running low and a possible blackout looming

US, China may discuss AI safety in September ahead of Trump-Xi summit

The planned dialogue would be the first official US-China discussions focused exclusively on AI since Donald Trump returned to the White House

Anthropic may begin IPO marketing in October, eyeing November listing

The AI company is now expected to make its IPO prospectus public in late September, potentially paving the way for one of the largest-ever public listings

Govt flags Abhayrab rabies vaccine batch as substandard after potency test

Drug regulator flags a batch of widely used Abhayrab rabies vaccine as substandard and potentially spurious after it failed a potency test, a government document shows

Mkts regulator presses ahead against Hindenburg, others in Adani case

Sebi has begun hearing representations as it seeks to recover gains from trades allegedly based on prior knowledge of Hindenburg Research's Adani report

US targets three Turkey-based entities with Iran-related sanctions

The entities targeted are Golden Global Portfoy Yonetimi Anonim Sirketi, Golden Global Varlik Kiralama Anonim Sirketi, and Golden Global Yatirim Bankasi Anonim Sirketi

World food prices rise in August to their highest since late 2022: FAO

The FAO's price benchmarks for cereals, vegetable oils, sugar, meat and dairy all rose in August

A year after Armani's death, firm faces challenge of 'inevitable evolution'

Industry executives and analysts warn, however, that a year on, the late designer's heirs and advisers must now focus on evolving, to keep the brand fresh and relevant

RBI steps in again to support rupee as oil prices, Asian currencies weaken

The RBI stepped up dollar sales near the start of Friday's session and continued its intervention through the day, helping the rupee withstand higher oil prices and weakness in Asian currencies

US job growth may rebound in August; unemployment rate forecast at 4.1%

US payrolls are expected to rebound in August as a temporary drag from local government education fades, though job losses linked to Haiti's protected status could limit the recovery

Asian shares climb as Fed rate hike fears ease ahead of US jobs data

Asian shares rose as investors awaited key US jobs data, while the yen rallied 2.6% this week after Fed Governor Christopher Waller eased fears of a rate hike

Chinese AI firm Moonshot files confidentially for Hong Kong IPO

The developer of the Kimi large language model is aiming to raise $3 billion, one of the people said, as per Reuters.

PayPal cuts 220 India jobs as part restructuring plan announced earlier

The firm has outlined extensive cost-saving measures this year under newly appointed CEO, Enrique Lores, as it seeks to sharpen its competitive position in the crowded payments market.

El Nino may become strongest ever, raise extreme weather risks: WMO

"If this trajectory continues, it may ​be stronger than anything since our monitoring began. So literally off the charts," WMO Secretary-General Celeste Saulo told a Geneva press conference.

Broadcom raises AI chip sales forecast to $115 billion by 2028

Broadcom, whose custom AI chips are used by companies including Meta Platforms, Google and OpenAI, ​said it now expects AI chip revenue of about $115 billion in the fiscal year ending Oct 2027

Sebi proposes net settlement of cash market trades for mutual funds

The proposal would extend to domestic mutual funds a facility that the Sebi already permitted for foreign portfolio investors earlier this year

India's new closing auction pushes options traders to smaller bets

India's new closing auction is prompting options traders to cut positions and add hedges as sharp swings in the final 15 minutes make closing levels harder to predict

Canada probes fake food labels in India over possible risks to imports

Canada's food safety agency is assessing whether an Indian operation that used fake expiry dates and nutrition information on food products poses a risk to imports