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Amazon to pay $2.5 billion to settle Prime deception allegations

Of that, $1.5 billion will go into a fund to repay eligible Prime subscribers and Amazon will not admit wrongdoing as part of the settlement, the FTC said

US tariffs threaten $3.1 bn Singapore pharma exports, trade talks continue

This is a concern for Singapore as pharmaceuticals form around 13% of all Singapore exports to the U.S., said Gan

US tells India that Russian oil curbs are key to trade deal progress

While trade negotiations are on a positive track, a US official said, more work is needed to ensure India addresses US concerns over market access, the trade deficit and purchases of Russian oil

Will not allow Israel to annex West Bank, says Trump amid Arab concerns

Unlike Gaza, where Israel's war with Hamas continues, the West Bank is governed by the Palestinian Authority

Meta to launch ad-free Facebook and Instagram subscriptions in UK

The move will give users a choice between paying a monthly fee or continuing to use the services for free with targeted advertising, a model that has faced increasing scrutiny from European regulators

Anthropic to triple overseas workforce as AI demand soars beyond US

Anthropic, valued at $183 billion and backed by Google-parent Alphabet and Amazon.com, has distinguished itself, in part, by building AI models that excel at coding

New Development Bank plans first rupee-denominated bond by March-end

NDB, which has previously raised funds in Chinese yuan and South African rand, is in advanced stages of discussions with the Indian central bank for its debut rupee issuance, the sources said

Putin has Ukraine peace proposal Trump is familiar with: Lukashenko

Lukashenko meets Putin more often than any other foreign leader and has backed his war in Ukraine, although without committing his own troops to fight

Oil prices climb over 4% as Russia curbs fuel exports amid Ukraine attacks

Russia will introduce a partial ban on diesel exports until the end of the year and extend an existing ban on gasoline exports, Deputy Prime Minister Alexander Novak said on Thursday

Indian Oil Corp in talks with Vitol for oil trading joint venture: Report

State-run company is expanding the capacity of its three refineries to raise crude processing by 346,000 bpd over the next two years and also plans to build a 180,000 bpd refinery in southern India

Surviving Nord Stream gas pipeline can be reactivated quickly, says Kremlin

The Nord Stream system consists of two double pipelines, Nord Stream 1 (NS1) and Nord Stream 2 (NS2), running under the Baltic Sea to Germany

Nayara Energy finds new buyers after EU sanctions hit Russian oil trade

The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil

Taiwan seeks bigger tech presence in India, says trade body chief Huang

India's smartphone exports to the US rose nearly 40% to $8.43 billion in the first five months of FY26, benefiting from tariff exemptions and strong demand for Apple iPhones

Asia stocks slide as Trump slaps new pharma tariffs, Fed cut bets recede

Shares of pharmaceutical companies across Asia tumbled in the aftermath, with Japan's Topix pharmaceutical index last down 1.2 per cent, while Hong Kong-listed innovative drug index fell 2 per cent

Dairy group Hatsun Agro targets 15% revenue growth after GST revamp

India, the world's largest milk producer, is in the midst of trade negotiations with Washington and the demand for opening up its dairy sector to US corporations has been a sore point

Apple pushes EU to repeal tech rules citing delayed features, app risks

The request comes as the European Commission reviews the law, marking its first evaluation of the act's effectiveness and its capacity to respond to emerging technologies, including AI

European banks to launch euro stablecoin, challenge US crypto dominance

The European banks' new Amsterdam-based company is expected to launch its stablecoin in the second half of next year

Accenture beats Q4 revenue estimates, plans $865m AI-driven restructuring

The Dublin-based company expects about $250 million in charges in the November quarter, on top of $615 million recorded in the fourth quarter, for a total of $865 million

Microsoft halts cloud and AI services to Israel's defence ministry unit

Brad Smith, Microsoft's president, said the company opened the review after an August article by the Guardian alleged activity by a unit of the Israel Defense Forces

Google asks US Supreme Court to freeze app store ruling in Epic Games case

Google in its Supreme Court filing said that the changes will have enormous consequences for more than 100 million US Android users and 500,000 developers