Bloomberg

India moves to shield economy as Iran tensions expose oil, currency risks

Reserve Bank of India stepped up surveillance of the currency market, and traders said Wednesday the central bank intervened to curb volatility after the rupee plunged to a record low

Russian oil cargoes swing back to India as West Asia conflict hits supply

Indian refiners, wary of complicating trade talks with Washington, had pared back their purchases of Russian oil in recent weeks, which had forced Moscow to seek buyers in China

Anthropic reopens talks with US Pentagon after feud over AI safety

If both sides strike a new agreement, it would allow the military to resume using Anthropic's AI while lessening the risk that the Pentagon would officially blacklist the company

Sustained war in Iran may leave US vulnerable, says Antony Blinken

His remarks come on the fifth day of combat operations after the US and Israel launched a war with Iran, and as concerns grow that this conflict could end up becoming a war of attrition

Judge's 'bias' forced me to pay full price for Twitter, says Elon Musk

The jury is hearing claims by Twitter investors that Musk defrauded them by manipulating the platform's share price so he could acquire it more cheaply

Govt taps space startups to develop 'bodyguard' satellites amid tensions

Discussions between government bodies and startups are in advanced stages and the private companies are aiming to launch their first test satellite in the first half of this year

Nepal election pits former rapper against old guard vying for Gen Zs

Balendra Shah, a 35-year-old former rapper-turned-politician who was previously the mayor of the capital Kathmandu, has emerged as a front-runner with backing from many of the young voters

Iran's Missile Math: $20,000 drones take on $4 million Patriots

US-made Patriot air-defense missiles have been largely successful in stopping the Iranian Shaheds and other ballistic missiles, with interception rates over 90%, according to the UAE

India cuts urea output after Qatar LNG supplies suspended due to Iran war

There are enough stockpiles to meet demand for the near-term, according to Suresh Kumar Chaudhari, director general of Fertiliser Association of India

Trump likely to raise US tariff rate to 15% this week, says Bessent

"That's likely sometime this week," Bessent said Wednesday on CNBC in response to a question about when the increase to 15 per cent would be implemented

Google Gemini accused of coaching user to suicide in new lawsuit

In a statement, a Google spokesperson said that Gemini clarified to Jonathan Gavalas that it was AI and referred him to a crisis hotline many times

Indian households face a looming fuel crunch as West Asia crisis drags on

War in the Persian Gulf threatens LPG supplies to India, raising the risk of cooking gas shortages and inflation if cargoes remain stranded beyond weeks

Panic sweeps Korean stocks in biggest one-day crash on record amid Iran war

The Kospi Index plunged another 12% following a 7.2% drop in the previous session, as heavyweights Samsung Electronics Co., SK Hynix Inc. and Hyundai Motor Co. tumbled

Alibaba Group's AI wizard who warned of US-China tech gap steps down

Lin is one of the most influential figures behind Alibaba's transition to AI, an endeavor intended to drive its next phase of growth beyond online commerce

US President Trump escalates confrontation with banks over crypto agenda

It was his most direct public rebuke of the banking lobby on crypto policy, and comes as the administration pushes to establish the US the world's capital for digital assets

Saudi oil storage sites filing fast on Hormuz disruption, says Kayrros

The Ju'aymah terminal on the country's east coast "was quickly running out of spare capacity" as of March 1, Kayrros co-founder and chief analyst Antoine Halff said

Travellers rush to Oman, Saudi Arabia to escape Dubai amid US-Iran conflict

Travellers stranded in Dubai amid the US-Iran conflict are rushing to Oman and Saudi Arabia, as airspace closures and flight disruptions trigger costly evacuations

China's factory activity worsens amid Lunar New Year holiday lull

The non-manufacturing measure of activity in construction and services increased slightly to 49.5, compared with a forecast of 49.7

OpenAI chief Altman tells staff company has no say over Pentagon decisions

During an all-hands meeting on Tuesday, Altman said the Defence Department made clear it will listen to OpenAI's expertise about the technology's applications

Israel strikes Iran's Assembly where clerics met to pick successor

Israel was likely targeting the Assembly of Experts, a Shia clerical body tasked with electing a supreme leader after Khamenei was killed in Israeli and US strikes on Saturday