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China to launch first satellites of constellation to rival Starlink: Report

The competition to occupy Earth's lower orbits also has military implications, with the potential to affect the balance of power between warring countries

RBI to lower rates by 100 bps by March 2026, as inflation eases: BOA

The rate easing cycle in Asia's third-largest economy should begin with a 25-basis-point cut in December, Jain said, mirroring the market view

Chinese megacity, Hangzhou limits outdoor lighting as heat strains grid

Chinese meteorologists say the record heat in 2024 has been worsened by global warming despite the cooling effects of the La Nina weather phenomenon

Govt to not give any relaxation in its Rs 32,000 cr GST demand on Infosys

Shares of Infosys, which were up 1.6% before the news amid a broader market rebound, briefly trimmed gains to about 0.3%

Top UK lenders could be dismantled smoothly in crisis, says Bank of England

The BoE said that its assessment found some shortcomings or areas for further enhancement, but no serious issues were uncovered that were serious enough to hamper the resolution

Donald Trump's bitcoin stockpile plan stirs debate ahead of US elections

A government bitcoin stockpile could shore up bitcoin's price.

China's exports likely expanded in July lifted by global trade upturn: Poll

Trade data on Wednesday is expected to show exports grew 9.7 per cent year-on-year by value, according to the median forecast of 30 economists in a Reuters poll

Killing of Hamas leader aimed to prolong Gaza war: Palestinian Prez Abbas

Abbas said that he considers Haniyeh's assassination, a cowardly act and a dangerous development in Israeli politics

Chinese firms stockpile high-end Samsung chips as they await new US curbs

The companies have ramped up their buying of the artificial intelligence (AI) capable semiconductors since early this year, helping China account for about 30 per cent of Samsung's HBM chip revenue

Evergrande aims to recover $6 billion from founder Hui, former top execs

The liquidators said they had obtained injunctions restraining Hui, Ding and Xia from dealing with, disposing of, or diminishing the value of their worldwide assets up to various prescribed limits

Malaysian PM's posts on Haniyeh's assassination were removed in error: Meta

In a similar incident in May, Meta restored Facebook posts by Anwar over his meeting with Haniyeh, saying they were taken down in error

At least 5 US personnel wounded in attack against base in Iraq: Officials

Ismail Haniyeh, the political leader of Palestinian Islamist group Hamas, was assassinated in the Iranian capital Tehran last week, an attack that drew threats of revenge by Iran on Israel

Aftershocks of carry trade at core of market rout could still have effects

The massive selloffs had come after a higher-than-expected US unemployment rate on Friday sparked worries

Food inflation target evades RBI MPC members as panel rejig looms

The six-member monetary policy committee (MPC), which includes three central bank officials and three external members, is recast every four years when the govt appoints a new set of external members

CrowdStrike sued by fliers after global IT outage disrupted air travel

They said CrowdStrike should pay compensatory and punitive damages to anyone whose flight was disrupted, after technology-related flight groundings for Southwest Airlines and other carriers in 2023

GSK wins latest trial on cancer claims for heartburn drug Zantac: Official

The companies collectively are facing thousands of lawsuits against them in courts across the United States

Nvidia's AI chip demand to face impact from production delay: Analysts

According to media reports, Nvidia's Blackwell chips may face delays of 3 months or more due to design flaws, potentially affecting customers such as Meta Platforms, Alphabet's Google and Microsoft

US appeals court should reject DOJ filings in divestiture suit: TikTok

The Biden administration asked the court to reject lawsuits by TikTok, ByteDance and a group of TikTok creators seeking to block the law that could ban the app used by 170 million Americans

Asian shares eye relief rally as Nikkei rises, central banks reassure

Nikkei futures were trading at 33,640, suggesting the cash market could open around 2,000 points higher

Debby, now a tropical storm, soaks north Florida, churning toward Georgia

The hurricane center predicted Debby would move offshore into the Atlantic by Tuesday night, then re-strengthen and come back inland to drench the coasts of Georgia and South Carolina