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Starmer to be UK's new prime minister, Sunak concedes election defeat

The centre-left Labour has already won more than 326 of the 650 seats in parliament, with an exit poll suggesting it would capture about 410

US job growth expected to slow down, unemployment rate to remain steady

Financial markets remain optimistic the Fed could start its easing cycle in September after aggressively tightening monetary policy in 2022 and 2023

OpenAI's internal design details stolen in hacker breach last year

The hacker lifted details from discussions in an online forum where employees talked about OpenAI's latest technologies

China urges EU to show sincerity in talks as EV tariffs take effect

The government has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate

Japan May household spending falls, high prices squeeze purchasing power

Consumption is among key factors the Bank of Japan (BOJ) is scrutinising to gauge the strength of Japan's economy and decide how soon to raise interest rates

Samsung flags better-than-expected rise in Q2 profit as chip prices jump

The world's largest memory chip and TV maker estimated its operating profit rose to 10.4 trillion won ($7.54 billion) in the quarter ended June 30

Prices for Brent crude above $87, sets highest levels since April

In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30. WTI, meanwhile, had settled at an 11-week high of $83.88

6 held in connection with Hathras stampede which claimed 121 lives: Police

The organisers of the event had taken permission for a gathering of only 80,000 people, an initial police report said

Firms consider removing Taiwan staff from China after death penalty threat

The new guidelines have caused some Taiwanese expatriates and foreign multinationals operating in China to scramble to assess their legal risks and exposure

China asks state firms to add 60 mn barrels of oil to reserves: Report

China currently imports roughly 11 million barrels of crude per day. Five state oil firms - CNPC, Sinopec, CNOOC, Sinochem and Zhenhua Oil - have been tasked with the stockpiling

China's BYD opens EV unit in Thailand; first factory in Southeast Asia

Hong Kong-listed shares of the automaker rose 3.2 per cent to HK$237.60, their biggest intraday jump since June 13

Tesla's best-selling Model Y for 1st time on Chinese govt purchase list

China's eastern Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party

Toronto home sales rise in June after four straight months of decline

The Bank of Canada cut rates by 0.25 per cent to 4.75 per cent in early June, saying monetary policy no longer needed to be as restrictive

French senate calls for change to nuclear power price regulation

The Senate inquiry commission recommended replacing last November's agreement with 'real regulation' in the form of a CfD on the existing nuclear fleet

At SCO, Putin bats for Eurasian security; Xi calls for peaceful resolution

Putin and Xi have expanded the SCO, a club founded in 2001 with Russia, China and Central Asian nations, to include India, Iran and Pakistan as a counterweight to the West

UK's Barclays to sell German consumer finance business to Austrian bank

The sale of the Hamburg-based Barclays unit to BAWAG will give the Austrian bank the ability to expand its loan book and customer base in the region

FPIs turn net buyers, investments in financials at 6-mth high: NSDL data

The heaviest-weighted sector, financials, garnered FPI inflows worth Rs 9,170 crore (about $1.1 billion) during the month, the highest since December 2023

China warns of hotter, longer heatwaves as avg temperatures hit new highs

Last year, average national temperatures hit a new high, leading to record levels of glacial retreat and melting permafrost in the northwest

Japan to have a shortage of 1 million foreign workers in 2040: Think tank

Foreign workers are crucial to Japan's economy as they help to fill a severe labour shortage

Indian govt bond yields dip in early trade following slump in US peers

Any further decline was unlikely as the market awaited debt supply on Friday, with New Delhi aiming to raise 280 billion rupees ($3.35 billion)