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Iran military command vows 'crushing response' after fresh US strikes

The US military ‌unleashed a new wave of ​strikes against Iran on Tuesday and revoked a license ​allowing the country to sell oil after three tankers ‌were hit by projectiles in ‌the Strait of Hormuz

US strikes Iran after revoking oil sanctions relief over Hormuz attacks

Iranian media reported explosions early Wednesday local time in the southern port city of Sirik, on Qeshm Island, and in Bandar Abbas. No civilian deaths were reported, but several people were injured

Trump says he will lift Turkey sanctions, decide on selling F-35s

Trump said the US would lift sanctions on Turkey and consider an F-35 fighter jet sale, signalling a shift in defence ties with Ankara

Nato showcases big arms deals in Ankara before summit with Donald Trump

At a defence industry forum in Ankara, Nato Secretary General Mark Rutte announced a series of initiatives, with the cumulative value of the deals displayed on a large screen

Samsung posts 19-fold jump in profit, but AI demand concerns hit shares

Samsung shares nevertheless dropped as ​much as 7.9% in morning trade, while rival SK Hynix's shares ​fell as much as 7.3%, dragging the benchmark KOSPI down 6%

Britain's Farage quits parliament in protest, will stand for re-election

Nigel Farage quits as a UK lawmaker to trigger a by-election, saying he will seek a fresh mandate and continue Reform UK's political campaign

Beijing weighs curbs on overseas access to China's advanced AI models

Companies that attended the meetings included Alibaba, ByteDance and startup Z.ai, the sources said. They were not authorised to speak to the media and requested anonymity

Trump says he thinks war in Ukraine will be settled, 'hopefully soon'

Trump said talks with Putin and Zelenskiy showed both sides want a deal, raising hopes for a possible settlement in the Russia-Ukraine war

Donald Trump says Greenland should be controlled by the US, not Denmark

Trump renewed calls for US control of Greenland, reviving tensions with Denmark and raising fresh questions over Arctic security and NATO relations

US stocks: S&P 500 slips, Nasdaq falls as AI chip worries persist

Nvidia fell 1.8 per cent after Reuters reported that DeepSeek is developing its own AI chip, a move that could reduce its dependence on Nvidia and Huawei chips

SBI Funds Management draws top sovereign funds in $1.2 billion IPO

SBI ​Funds Management, a joint venture between the country's largest lender State Bank of India ​and Europe's largest asset manager Amundi, manages assets worth ₹12.5 trillion as of end-March 2026

China's booming gig economy masks job market pain, strains welfare system

An estimated 320 million Chinese are expected to be in flexible employment this year as a weak labour market, AI adoption and a property downturn push more workers into gig jobs

MRPL first state refiner to charter Iraqi crude cargo since Hormuz blockade

MRPL has booked the Aframax tanker Jasmin Joy to load crude from Iraq's ‌Basrah oil terminal on July 19-20

Fitness firm Cult.fit files for IPO to raise ₹950 crore via fresh issue

Cult.fit operates 708 fitness centres across India and had more than 987,000 paid members as of March 31, 2026

There will either be a deal with Iran or US will 'finish the job': Trump

Secretary of Iran's Supreme ‌National Security Council Mohammad Baqer Zolqadr called Trump's threat 'delusional'

Oil prices edge higher as focus shifts to supply recovery and demand

Brent crude futures ​gained 28 cents, or 0.39%, to $72.29, and US WTI crude rose ‌to $68.84 a barrel, up 29 cents, or 0.26% as of 0046 GMT, after settling down to around pre-Iran war levels on Monday

South Korean chipmaker SK Hynix launches $28 billion Nasdaq listing

The deal comes as Asian chip companies tap strong global demand for AI-related stocks

Dior beats Chanel to dress Taylor Swift for wedding of the decade

Dior said the couple's wedding looks were created in its ateliers at 30 Avenue Montaigne in Paris and designed by Anderson in close collaboration with the pair

Lockheed Martin to acquire Ultra Maritime in $3.45 billion deal

The acquisition of Advent-owned Ultra Maritime will bolster Lockheed Martin's capabilities in anti-submarine warfare and undersea defence technologies

Microsoft joins AI-driven tech layoff wave with nearly 4,800 job cuts

The software giant is cutting 2.1 per cent of its workforce as it invests heavily in AI infrastructure and seeks to improve efficiency across its businesses