Page 3 - Reuters

Iran war spreads to Red and Caspian Sea, Gulf quiet as US forgoes strikes

The US military said on Saturday that its naval blockade against Iran 'remains in full effect' but did not explain why it halted a streak of 13 nights of escalating strikes

Will call out Trump if required: Britain's new Prime Minister Andy Burnham

UK Prime Minister Andy Burnham said he will always put Britain's interests first and will call out Donald Trump if required, while ruling out an early general election

India to keep engaging with US on trade deal after new tariff measures

The Trump administration on Friday unveiled fresh duties of between 10% and 12.5% on goods from 60 trading partners, including India

China's memory chip makers ride AI boom to new power and US scrutiny

Executives at the Huawei-connected equipment vendor, SiCarrier, concluded the confrontation was the result of the power struggle between CXMT and Huawei

Novo Nordisk seeks orders to block Eli Lilly weight-loss drug ads

Lilly on Friday denied any wrongdoing, saying it stood by its advertising and would vigorously defend itself. Novo and Lilly are battling for dominance in the obesity drug market

Volkswagen CEO warns deeper cost cuts needed as China competition mounts

"When we look to the future, we have more and more risks coming," Blume said, pointing to more than 150 competitors in China

SK Group chairman Chey Tae-won ordered to pay $640 million in divorce case

Fund managers said Chey may still need to sell shares in units of SK Group or use them as collateral to raise funds for payment, but it probably wouldn't affect management control of the conglomerate

Intel signals stronger growth as AI infrastructure spending gathers pace

Intel expects third-quarter revenue between $15.8 billion and $16.8 billion, compared with analysts' average estimate of $15.1 billion

Donald Trump warns China and Russia against involvement in Iran war

US President Donald Trump does not believe that China and Russia are participating in the Iran war but warned that if they did get involved, then it would be very bad for them

Spain declares national emergency over wildfires, France asks EU for help

French authorities ordered the total evacuation of the Cap Ferret peninsula, a tourism hotspot busy for the summer season, as smoke and flames drew closer to homes

Shriram Finance Q1FY27 results: Net profit jumps 60% to ₹3,445 crore

The non-banking finance company (NBFC) reported a standalone profit at ₹3,445 crore ($357.05 million) for the quarter ‌ended June ​30

Sapphire Foods Q1 results: Net profit at ₹14.04 crore, revenue climbs 15%

Sapphire, ‌a franchisee for U.S.-based Yum Brands, reported a consolidated net profit of ₹14.04 crore ($1.46 million) for the April-June quarter

China's memory chip makers ride AI boom to new power and US scrutiny

The clash illustrates the changing dynamics of China's semiconductor industry. CXMT has risen to become the world's fourth-biggest maker of memory

Trump admin monitors OpenAI incident as lawmakers propose AI 'kill switch'

US Representative Ted Lieu, a Democrat, and Republican Representative Nathaniel Moran, proposed giving ‌US officials the power to order AI firms to shut down models that ​put human life at risk

Coforge secures $230 mn AI transformation contract with European client

The contract is expected to improve decision-making, boost productivity, reduce manual effort and speed up service delivery, Coforge said in an exchange ​filing

Brent hovers above $100 on Red Sea disruptions, Iran war concerns

Brent futures advanced 37 cents, or 0.37 per cent, to $101.06 a barrel at 0330 GMT, ‌having settled up 7 per cent above $100 in the previous session for the first time since May

Asian shares fall as oil spike revives inflation fears, bonds take a hit

Asian markets fell after Brent crude climbed above $100 a barrel amid escalating Gulf tensions, while fresh US tariffs and rising bond yields heightened concerns over a renewed inflation shock

Donald Trump pegs nuclear deal to Saudi Arabia joining Abraham Accords

Trump said that the Civil Nuclear Deal pertains only to non-military use such as the ones that Iran and UAE already have, will be approved, but is subject to Saudi Arabia joining the Abraham Accords

Trump threatens Iran with military action after Houthi tanker strikes

The prospect that disruption could widen to a second sea sent global oil prices surging in one of the steepest rises of the war.

Nestle beats Q2 sales estimate, set to raise €3 billion from joint venture

The company has been reshaping its portfolio under Chief Executive Officer Philipp Navratil, who has sought to improve growth and profitability by focusing on the company's core brands