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Russia, N Korea sign partnership, vows closer ties amid rivalry with West

North Korea is under heavy UN Security Council sanctions over its weapons program, while Russia also faces sanctions by the United States and its Western partners over its aggression in Ukraine

Russia discusses deployment of long-range weapons with closest partners

Russia's President Vladimir Putin arrived in North Korea on Wednesday, with the United States and its allies saying they fear Moscow could provide aid for Pyongyang's missile and nuclear programmes

Asian stocks rise to their highest on tech rally, Fed rate cut wagers

Japan's Nikkei rose 0.59%, while blue chip stocks in China were 0.42% lower. Hong Kong's Hang Seng index rose 1.3%

US Senate passes bill to accelerate advanced nuclear energy deployment

A version of the bill had already passed in the House of Representatives and it will now go to President Joe Biden for a signature to become law. It passed the Senate 88-2 votes

As demand for electric vehicles dwindles, what are startups doing about it?

US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs

Brazilian planemaker Embraer sees India, Saudi as strategic defence markets

India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging fleet of Lockheed Martin's C-130 Hercules, is currently in early engagement with Embraer

Zee Entertainment's CFO Rohit Gupta resigns due to 'personal reasons'

Mukund Galgali, the head of Zee's commercial and strategic initiatives, has been with the group for 17 years. He will assume responsibilities as acting CFO from Wednesday

SBI plans to raise Rs 10,000 cr via infrastructure bonds, say bankers

This will be the lender's first bond issuance and the country's first infrastructure bond sale this financial year

Vedanta Resources proposes to cut debt by $3 bln over next three years

Vedanta Resources, whose debt stood at $6 billion as of March 2024, has been grappling with a host of rating downgrades since last year as analysts flagged liquidity issues and high default risk

Oil up after Fed comments, expected US crude stockpile drawdown: Report

Prices extended gains on Tuesday after the New York Federal Reserve President John Williams said interest rates will come down gradually over time

US retail sales miss expectations in May; April data revised significantly

Inflation and higher interest rates are forcing households to prioritise essentials and cut back on discretionary spending

Amazon Pharmacy expands eligibility for subscription to Medicare patients

Amazon has worked to lure customers away from more established pharmacies like CVS and Walgreens since launching its pharmacy unit in 2020

India must avoid 'adventurism', focus on bringing down inflation: RBI chief

The central bank kept the key repo rate unchanged at 6.5% for an eighth straight policy meeting earlier this month saying robust economic growth will give it space to focus on bringing down inflation

Vodafone to sell 10% stake in Indus Towers for up to $1.1 billion

Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale

UK approval of arms exports to Israel plunged sharply at start of Gaza war

The United States and Germany increased arms sales to Israel after the start of the war with the Palestinian group Hamas in October last year

In a first in Southeast Asia, Thailand passes marriage equality bill

LGBT advocates called the move a "monumental step forward," as Thailand would be the first nation in Southeast Asia to enact marriage equality legislation

What is China's panda diplomacy; everything you need to know about it

Since its founding in 1949, the People's Republic of China has used panda diplomacy to boost its international image, either by gifting or lending panda to foreign zoos as goodwill animal ambassadors

State-run Coal India exploring lithium assets in Argentina with US company

India and the United States said on Monday they were co-investing in a lithium resource project in South America and a rare earths deposit in Africa to diversify critical minerals supply chains

China's jet fuel exports up 68.1% on year in May on rising travel demand

China's kerosene output rose 32.7 per cent year-on-year in January-April, the most recent data available

More central banks to add to their gold reserves within 12 months: Survey

Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves