Bloomberg

Tankers with Russian oil shunned by India pile up off China coast

At least five vessels carrying about 3.4 million barrels were idling in the Yellow Sea as of Wednesday, double the volume of last week and the highest level for the grade in that region

BP appoints Meg O'Neill as first woman CEO of Big Oil in bid for revival

BP has been under pressure from Elliott to improve its performance, after Auchincloss reset the company's strategy in February by promising to refocus on oil and gas

Australia to toughen hate speech laws after Bondi Beach Jewish attack

The prime minister is under intense pressure over his centre-left government's handling of a rising tide of antisemitism over the past two years that critics say culminated in Sunday's massacre

Oscars show moving to YouTube from 2029 after over 50 yrs on Disney's ABC

The Academy of Motion Picture Arts & Sciences announced Wednesday that the streaming platform will take over the show when the organisation's contract with Walt Disney Co.'s ABC network expires

World-beating 55,000% surge in Indian AI stock sparks bubble fears

Little-known until recently even within its home market of India, RRP Semiconductor Ltd. became a social-media obsession as its shares surged more than 55,000 per cent in the 20 months

Apple makes changes to iOS software in face of stricter Japanese rules

The company announced a compliance plan on Wednesday for Japan's Mobile Software Competition Act, or MSCA, which was passed last year and goes into effect this week

US readies new sanctions if Putin rejects peace deal with Ukraine

The US has already sanctioned four top Russian producers and, along with other Group of Seven nations, hundreds of tankers involved in transporting Moscow's oil

Trump orders total blockade of all sanctioned oil tankers in Venezuela

Trump said he was also designating the regime of Venezuelan President Nicolas Maduro as a "foreign terrorist organisation

Waymo in talks to raise over $15 billion at nearly $100 billion valuation

Waymo and its would-be financial backers have weighed a valuation as high as $110 billion, though the amount raised and final value have yet to be determined

Cost of proposed White House ballroom may now reach $400 mn, says Trump

The White House has said it's being financed by private donations, but has not publicly specified them - raising questions about which people or companies might fund it to curry favour with Trump

Mizuho Financial to buy KKR-backed Avendus Capital for expansion in India

Japan's third-largest bank got agreement from a major shareholder to purchase 61.6 per cent of the Mumbai-based firm

Rupee slide puts spotlight on limits to India's currency defence

A key reason is the Reserve Bank of India's $64 billion short-dollar position - a pledge to supply large amounts of dollars in the future through derivatives contracts with lenders

Sydney's Bondi beach shooter awakens from coma as first funeral held

New South Wales police were expected to start questioning 24 year-old Naveed Akram on Wednesday, Commissioner Mal Lanyon said

Maruti Suzuki expects new EV lifting green-car share of India sales to 45%

The unit of Japan's Suzuki Motor Corp., which is looking to roll out its new e VITARA subcompact crossover in India from early next year, expects greener vehicles to make up about 45 per cent of its o

Tesla may face 30-day sales halt in California over misleading claims

Lawyers for Tesla sought to fend off the DMV's disciplinary action by arguing that its advertising is protected free speech under the First Amendment of the US Constitution

Trump declares fentanyl as weapon of mass destruction to tackle drug crisis

The move comes as Trump has cited fentanyl deaths to justify a series of attacks against boats in international waters that the Pentagon says were being used to smuggle drugs

Global shadow banking assets cross $250 trn as watchdog warns on data

Within non banks, the fastest growth was in trust companies, hedge funds, money market funds and other investment funds, which all posted double digit rates of growth

Global smartphone output set to fall in 2026 amid chip crunch: Researcher

With smartphones, Chinese brands like Honor Device Co. and Oppo are seen as more vulnerable because of their lower margins

Bondi Beach attack spurs worldwide mourning and calls for tougher gun laws

Hanukkah events and vigils took place in central Melbourne on Monday evening, with landmarks lit up to commemorate the Bondi victims

Ford to take $19.5 bn in charges as it overhauls electric vehicle business

In taking the charges, Ford is acknowledging it built far too much battery production capacity and was going down a dead-end with large EVs that were destined to lose more money