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Shares rally, oil slumps as Iran-Israel ceasefire goes into effect

Brent futures had already slid 7% on Monday and U.S. shares jumped after Iran made a token retaliation against a US base and signalled it was done for now

Rate cuts can wait as Fed monitors inflation from tariffs, says Powell

In his prepared testimony Powell said the economy remains in a "solid position," with low unemployment and inflation far below its pandemic-era peak

Anthropic wins key US ruling on AI training in authors' copyright lawsuit

US copyright law says that willful copyright infringement can justify statutory damages of up to $150,000 per work

Tesla launches robotaxi pilot in Texas, faces tough road to mass rollout

For years, Musk has said Tesla would soon operate its own autonomous ride-hailing service and also turn any Tesla, new or used, into a cash-generating robotaxi for its customers

DeepSeek aids China's military and evaded export controls, says US official

The US conclusions reflect a growing conviction in Washington that the capabilities behind the rapid rise of one of China's flagship AI enterprises may have been exaggerated and relied heavily on US

Gold prices rise as Iran-Israel conflict fuels safe-haven demand

Spot gold gained 0.5per cent at $3,384.59 an ounce, as of 1245 a.m. EDT (1645 GMT). US gold futures was up 0.4per cent at $3,400.70

Global equities rise as oil prices dip, markets downplay Iran conflict

The Dow Jones Industrial Average rose 0.17% to 42,279.55, the S&P 500 rose 0.48% to 5,996.40 and the Nasdaq Composite rose 0.61% to 19,565.74.

Impact of India's large rate cut may be limited, says rate panel member

The MPC delivered a larger-than-expected 50-bp rate cut in June to bolster economic growth as inflation remained below target

Limit on duration for state debt STRIPS may dent demand, say insurers

STRIPS allow dealers to sell principal and interest payments independently, enhancing liquidity in the state government securities by enabling distinct trading of these components

Oil surges to five-month high after US hits Iran's key nuclear sites

Market participants expect further price gains amid mounting fears that an Iranian retaliation may include a closure of the Strait of Hormuz

North Korea condemns US strike on Iran as violation of sovereign rights

United States and Israel are the culprits of the current tensions in the Middle East born out of Jerusalem's "ceaseless war moves and territorial expansion"

Airlines weigh Mideast cancellations after US strikes leave many stranded

With Russian and Ukrainian airspace closed due to war, the Middle East route is vital for Europe-Asia flights, but FlightRadar24 showed empty skies over Iran, Iraq, Syria, and Israel

Israel's equity stocks rise on hopes US strikes may ease Iran conflict

The Boursa Kuwait Premier Market Index and the MSX30 Index in Muscat added 0.4 per cent each. Qatar's benchmark was 0.2 per cent higher

UN Security Council to meet on Iran as Russia, China push for a ceasefire

The US is likely to oppose the draft resolution, seen by Reuters, which also condemns attacks on Iran's nuclear sites and facilities

Response to US strikes on Iran only a matter of time: Yemeni Houthis

Mohammed al-Bukhaiti, a member of the Houthi movement's political bureau, told Al Jazeera Mubasher TV that its ceasefire deal with Washington was before the "war" on Iran

South Korea to raise concerns over potential curbs on chipmakers in China

South Korea, currently subject to a blanket 10 per cent tariff with a 25 per cent country-specific duty on pause for 90 days, agreed with the US in their opening round of trade talks

Airlines keep avoiding West Asian airspace after US strikes on Iran

Missile and drone barrages in an expanding number of conflict zones globally represent a high risk to airline traffic

Iran's key nuclear sites 'totally obliterated' by airstrikes, says Trump

In his first speech after the US strikes on Iran, Trump warned that Iran faces "either peace or tragedy" and said many more targets remain within reach of the American military

Japan scraps US meeting after Washington demands more defence spending

Japan and other US allies have been engaged in difficult trade talks with the United States over President Trump's worldwide tariff offensive

Iran, Israel launch fresh attacks after Tehran rules out nuclear talks

Shortly after 2:30 a.m. in Israel (2330 GMT on Friday), the Israeli military warned of an incoming missile barrage from Iran, triggering air raid sirens across parts of central Israel