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Rupee may need to weaken further as fundamentals shift: Axis Bank

The Indian rupee may need to weaken further to align with shifting trade fundamentals and relatively weaker productivity gains from ​AI, according to an Axis Bank assessment

'Hopefully we are towards end' of Iran war, says Trump as conflict drags on

Trump is expected to meet leaders or foreign ministers from six Gulf Cooperation Council states in New York next week to discuss US postwar plans, Axios reported

Oil prices fall as Saudi crude cargoes ease fears of supply disruption

Brent crude fell 1.2 per cent to $104.59 a barrel, while WTI dropped 1.1 per cent to $101.29 as concerns over Middle East supply eased

India cuts windfall tax on export of petrol, diesel, and aviation fuel

Export duty on diesel has been reduced to ₹20 per litre from ₹25, while levies on petrol have been cut to ₹0.5 from ₹1.5 per litre, respectively

European Commission Prez wants Canada to become EU's first associate member

European Union lawmakers gave a standing ovation after she made the proposal and then walked over to embrace Canada's Prime Minister Mark Carney,

US Federal Reserve raises interest rate by 25 bps to 3.75-4% range

It's the first policy shift under the new Fed chief, who took office in late May after being selected by Trump with an expectation that he would cut rates

Microsoft AI chief says Claude training risks making AI harder to control

Suleyman called ​for removing all speculation ​about consciousness from AI training documents, arguing such language could undermine humanity's ability ​to control superintelligent systems.

India considers cutting vegetable oil import taxes as prices climb

Prices ​of vegetable oils in India ​have climbed by nearly 20% over the last year and a measure that would ​lower their prices may increase consumption as households mark festivals from Sept to Nov

US stock market: Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision

The rate move will be crucial to investor sentiment at a ‌time when elevated Treasury yields, inflation and the escalating Middle ​East conflict have kept risk appetite in check

At least 60 killed in gold mine collapse in Sudan's West Kordofan

At least 60 people were killed in a gold mine collapse in Sudan's West Kordofan state on Sunday, while a local rights group said some miners could still be alive underground

OpenAI's rogue agents probed Hugging Face for weakness 2 months before hack

The newly uncovered malicious activity showed that the rogue agents' efforts to find a way into Hugging Face began earlier than publicly known.

EU president backs AI slowdown, to invite frontier labs for talks

Von der Leyen's comments in her annual speech to the European Parliament in Strasbourg came amid growing ‌worries about the potential danger posed by artificial ​intelligence

A decade after mercury ban, toxic skin bleachers still sold online

Regulators, companies and multinational entities have for years tried to coordinate efforts to take these products off shelves and websites

AWS unable to restore access to Bahrain, UAE cloud zone hit in Iran war

Amazon's cloud computing unit AWS said the damage in Bahrain ‌spanned multiple so-called availability zones, which are clusters of one ​or more data centres in the same geographic region

SpaceX targets September 22 for Starship test, eyes first orbital flight

Starship's 14th test ​flight would mark a major leap ​in the rocket's development over its last test in July

New Zealand Parliament passes India FTA Bill, clears tariffs on 95% exports

The legislation passed by a vote of 93-29, with support from the opposition Labour Party

Asian stocks edge higher ahead of Fed decision as yields, oil pause

Overnight on Wall Street, the S&P 500 slumped 0.5%, marking its second consecutive day of declines as the yield on the 10-year Treasury bond hit its highest level since 2007

Oil prices fall as US crude inventories rise despite Saudi supply concerns

Brent crude futures fell 93 ‌cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while US West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel

Saudi cancels some oil cargoes after pipeline hit, Poland seeks alternative

Supply disruption ​supported oil prices, with Brent oil futures trading near $108 a barrel and cargo prices in Europe's physical market even higher, with key benchmark dated Brent at $122 per barrel

US energy chief says Saudi's oil pipeline should be back online within days

The 1,200-km (745-mile) East-West Pipeline running across the Arabian Peninsula has served as the main route for global supplies of Middle Eastern oil for ‌the past six months