Bloomberg

Queues, price hikes and shortages as Asia battles worsening fuel crunch

Despite oil prices staying relatively contained amid the crisis, with traders warning of $100 crude, the impact is already being felt across Asia, the world's largest energy-consuming region

Iran strikes key US THAAD radar, deepening Gulf missile defence woes

US Terminal High Altitude Area Defence, or THAAD, units are meant to destroy ballistic missiles at the edges of the atmosphere, enabling them to engage more difficult threats

Musk's spam concern was 'confusing': Ex-Twitter executives tell court

Two days of testimony from Agrawal and Segal pushed back on Musk's own recollection that he was always committed to the deal, but believed that Twitter had lied to him about per cent of spam accounts

Oil nears tipping point as Hormuz traffic halts; traders warn of $100 crude

Some barrels from US are fetching their biggest premium since 2020, and value of major Norwegian grade, which moves almost lockstep with Brent, has gained more than $5 on the benchmark this week

US may 'unsanction' more Russian oil after allowing India to buy: Bessent

US Treasury allows India to buy Russian oil already en route, signalling possible easing of sanctions on other Russian oil to address global supply gaps, says Scott Bessent

SoftBank seeks up to $40 billion loan to finance major OpenAI investment

The Japanese company, which held about 11 per cent in OpenAI at the end of December, has unloaded assets including its stake in Nvidia Corp., to bankroll its growing bet on OpenAI

Anthropic to fight Pentagon in court over supply chain risk label

Earlier Thursday, the Pentagon formally notified Anthropic that the company and its products pose a risk to the US supply chain

Sentiment shift: Global funds pull money from Asia at fastest pace in years

Funds have sold net $11 billion of shares in developing Asia, excluding China, this week

Jio Platforms IPO delayed amid regulatory limbo over listing rules

Ambani said in August that Reliance was aiming to list Jio in the first half of 2026, a plan he had first signaled 2019 - back then with a five-year timeline

Indian refiners move quickly to buy Russian oil after US relaxes curbs

There's around 15 million barrels of Russian crude on tankers in the Arabian Sea and the Bay of Bengal, while vessels carrying another 7 million are idling near Singapore

Oracle plans thousands of job cuts amid costly AI data centre expansion

The reductions being planned are expected to be wider-reaching than the company's typical rolling job cuts

'As dead as fried chicken': Why Trump fired Kristi Noem after ad row

US President Donald Trump grew angry after Noem told lawmakers that he had personally approved the campaign; Trump hadn't

US issues temporary licence to allow some Russian oil sales to India

Move comes months after President Donald Trump slapped tariffs on Indian goods in a bid to pressure Prime Minister Narendra Modi's government to abandon energy purchases from Russia

Philippines mulls shorter work week, less air conditioning to save energy

The Southeast Asian nation imports nearly all of its oil requirements, and the war in Iran could spur inflation that already hit a 13-month high in February

Ukraine offers help downing Iranian drones in exchange for Patriot missiles

He offered to share his country's expertise in protecting against explosives-laden Iranian drones, which are swarming the defenses of the US and its West Asia allies

Messi joins Trump at White House a year after turning down Biden's invite

Presidents have welcomed champions for decades to capitalise on the winning optics, but Messi's visit stands apart as he's long avoided presidential visits

Foreign banks find India growth story comes with strict entry conditions

While India offers one of the most compelling growth opportunities in coming decades, overseas bidders in the financial sector face tight voting caps, onerous processes and long payback timelines

US sinking of Iranian warship off Sri Lankan coast piles pressure on India

The US sinking of Iran's frigate IRIS Dena near Sri Lanka brings the Middle East conflict closer to India's neighbourhood, complicating New Delhi's delicate diplomatic balancing

TCS in 'advanced' talks for more AI data centers in India as demand rises

"We are having discussions with multiple other hyperscalers," said Chief Executive Officer K Krithivasan during an interview at the company's offices in London.

America won't allow India to become rival like China: US official

Landau also offered to work with India to address long and short term issues in meeting its energy challenges as supply disruptions from the Middle East crisis threaten fuel stockpiles