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Nato countries commit to raise defence spending to 5% of GDP by 2035

Nato Secretary General Mark Rutte acknowledged that it was not easy for European countries and Canada to find the extra money, but said it was vital to do so

India plans global partnerships, investments to counter copper supply risk

New Delhi is also considering measures to help boost domestic refined copper output, including through foreign investment, the sources and the document said

Trump declares Iran 'victory for everybody' despite concerns over damage

Trump said he was confident Tehran would not try to rebuild its nuclear sites and would instead pursue a diplomatic path towards reconciliation

Nuclear Power Corp extends deadline for small reactor proposals to Sep 30

NPCIL said several industrial houses have already signed non-disclosure agreements and begun joint work on the BSR model, while others have requested more time to prepare submissions

Oil prices rise 2% as investors assess Iran-Israel ceasefire, Fed outlook

Prices had rallied to five-month highs after the US attacked Iran's nuclear facilities over the weekend

Iranian parliament approves bill to suspend cooperation with IAEA

Parliament Speaker Mohammad Baqer Qalibaf was quoted by state media as also saying Iran would accelerate its civilian nuclear programme

Bharat Biotech, GSK to slash malaria vaccine price to $5 per dose by 2028

The vaccine, Mosquirix or RTS,S, was developed by GSK and the non-profit PATH, and was the first malaria vaccine to get approval from the World Health Organization in 2022

RBI extends interbank call money market timings by 2 hours from July 1

The revised timings for the call market will be 9:00 a.m. IST to 7:00 p.m. IST

Sebi tightens oversight on trading members' compliance post-inspection

Trading members, including trading houses and brokerages, have to submit a compliance status report within timelines set by the Sebi

RBI's surplus fund withdrawal set to dampen money market sentiment

The Reserve Bank of India will conduct a seven-day variable rate reverse repo (VRRR), for Rs 1 trillion ($11.64 billion) on Friday, its first such operation since November-end

NSE offers $160 mn to settle dispute with Sebi, move ahead with IPO

India's biggest bourse and the world's most active derivatives exchange has been embroiled in litigation with the Securities and Exchange Board of India (Sebi) since 2019

China issues new financial guidelines to spur consumption, boost income

The guidelines, drafted jointly by six government departments and released by the central bank, said China would support eligible companies across the consumer industry chain

Judge blocks Trump admin from withholding funds for EV charger infra

US District Judge Tana Lin ruled that states are likely to succeed in their lawsuit claiming the federal government illegally withheld billions meant for EV charging station infrastructure

Asian markets steady, dollar slips as Israel-Iran truce lifts mood

The dollar wallowed close to an almost four-year trough versus the euro with two-year US Treasury yields sagging to 1 1/2-month lows

Zelenskyy warns NATO allies before Hague summit of Russia threat

President Donald Trump's past criticism, and determined to expand and upgrade its defences to deter any attack from Moscow

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

US judge blocks Trump plan to close Harvard's doors to int'l students

US District Judge Allison Burroughs in Boston issued an injunction barring Trump's administration from carrying out its latest bid to curtail Harvard's ability to host international students

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