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Starmer to be UK's new prime minister, Sunak concedes election defeat

The centre-left Labour has already won more than 326 of the 650 seats in parliament, with an exit poll suggesting it would capture about 410

'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

Samsung flags better-than-expected rise in Q2 profit as chip prices jump

The world's largest memory chip and TV maker estimated its operating profit rose to 10.4 trillion won ($7.54 billion) in the quarter ended June 30

Prices for Brent crude above $87, sets highest levels since April

In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30. WTI, meanwhile, had settled at an 11-week high of $83.88

6 held in connection with Hathras stampede which claimed 121 lives: Police

The organisers of the event had taken permission for a gathering of only 80,000 people, an initial police report said

Firms consider removing Taiwan staff from China after death penalty threat

The new guidelines have caused some Taiwanese expatriates and foreign multinationals operating in China to scramble to assess their legal risks and exposure

China asks state firms to add 60 mn barrels of oil to reserves: Report

China currently imports roughly 11 million barrels of crude per day. Five state oil firms - CNPC, Sinopec, CNOOC, Sinochem and Zhenhua Oil - have been tasked with the stockpiling

Tesla's best-selling Model Y for 1st time on Chinese govt purchase list

China's eastern Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party