Page 3 - Reuters

World Bank to phase out China lending by 2031 after years of declining

The World Bank plans to end lending to China by 2031 under a new partnership framework, reflecting the country's economic rise and years of declining loan support

Anthropic launches 'Claude Science' AI workbench for scientific research

The workbench offers scientists a user interface specifically designed for conducting research

US Supreme Court to hear Apple's appeal of contempt in Epic Games lawsuit

The Supreme Court is expected to hear the case ​in its next term, which begins in October

South Korea accuses Google of abusing Android app market dominance

The Korea Fair Trade Commission's (KFTC) Market Surveillance Bureau found Google's alleged abuse of market dominance in the Android app marketplace affected $9.1 billion in revenue

Meta loses bid to dismiss US states' lawsuit over child addiction claims

US District Judge Yvonne Gonzalez Rogers in Oakland, California, denied ‌Meta's motion to dismiss claims based on deception, unfair practices ​and violations of the federal act

Oil prices rise as Iran's refusal to meet US envoys dims ceasefire hopes

Brent futures rose 50 cents or 0.69% to $73.45 a barrel at 1208 ‌GMT, while US West Texas Intermediate (WTI) crude climbed 63 cents, or 0.91%, to $70.13 a barrel

US drafting ban on Chinese energy inverters over security concerns

The proposed rules would restrict imports of new foreign inverter models amid concerns that Chinese-made equipment could pose risks to the US power grid

Uncertainty over Qatar talks clouds prospects for US-Iran agreement

Qatar said only technical discussions are scheduled this week, raising doubts over the pace of efforts to secure a lasting US-Iran agreement and fully reopen the Strait of Hormuz

Hormuz disruption may have lasting impact on vulnerable economies: UNCTAD

The UN trade agency said vulnerable economies could continue to face elevated food, fuel and transport costs even after energy markets stabilise following the reopening of the Strait of Hormuz

For first time, more central banks are set to shrink dollar holdings

An OMFIF survey found more central banks intend to reduce US dollar reserves than increase them over the next decade, while gold continues to gain prominence in reserve management

Apple iPhone 18 Pro supplier list, parts, photos exposed in Tata data leak

Leaked Tata Electronics files on the dark web reportedly expose iPhone 18 Pro supplier details and drop-test photos, raising concerns over Apple's supply chain security

Govt hikes windfall tax on petrol, cuts levy on diesel and ATF exports

The government has lowered export duties on diesel and aviation turbine fuel while raising the levy on petrol exports as global crude oil prices continue to ease

Vedanta's CopperTech Metals postpones US IPO amid market volatility

The company, which was targeting a valuation of up to $3.57 billion, said it would defer the NYSE listing because of volatility across the global copper equity sector

Tata Communications appoints Rupesh Chokshi as chief technology officer

The company also named Vivek Srivastava to lead its cloud and cyber security business as it accelerates investments in AI and digital infrastructure

Nestle to remove artificial food colourings from all products by end-2026

The world's largest food company said the move extends its clean-label strategy globally as consumers increasingly seek simpler and healthier food ingredients

India's April-May fiscal deficit at 9.6% of 2026-27 target: Govt data

India has set the fiscal deficit target for 2026-27 at 4.3% of GDP, or ₹16.96 trillion

SBI-backed Cashfree Payments bets on travel services, overseas investment

The SBI-backed fintech will pilot overseas investment, travel and business-to-business payment offerings this year as it looks to capitalise on rising international transaction volumes

Global LNG demand to rise 65% by 2050 as Asia drives growth: Shell

The energy major expects demand to approach 700 million tonnes annually, supported by Asia's transition away from coal and rising electricity needs from data centres

Ford to recall over 741,000 US vehicles due to park system issue: NHTSA

The recall covers several Ford and Lincoln models and addresses a transmission defect that could increase the risk of vehicles rolling away

Asian stocks set for record-breaking quarter; dollar sinks gold and yen

Japan's Nikkei and South Korea's KOSPI remained on track for outsized quarterly gains as easing oil-price concerns improved the global growth outlook, while a stronger dollar pressured gold and yen