World News

Global copper shortage may worsen as AI, data centres, defence demand rises

Copper has soared to record highs above $13,000 a metric ton in London, driven by a slew of mine outages and moves to stockpile the metal in the US ahead of possible Trump administration tariffs

China may approve Nvidia H200 imports this quarter with some usage curbs

The H200 is an older-generation chip that the Trump administration has said can be exported to China

Samsung forecasts record profit surge as AI-driven chip prices soar

The results highlight how chip prices have rocketed as chipmakers scramble to keep up with demand for memory chips used in servers, personal computers and mobile devices to meet AI needs

Nasa calls off spacewalk as one astronaut suffers a medical issue

The spacewalk was supposed to happen on Thursday, but was postponed because of an unspecified medical concern with an astronaut, who was not identified, the space agency said

Russia urges US to follow maritime law after oil tanker's seizure

Moscow said it considers the US references to its national sanctions legislation to be unfounded

US court orders Zoho's Sridhar Vembu to post $1.7 bn bond in divorce case

A US court has ordered Zoho co-founder Sridhar Vembu to post a $1.7 billion bond in his divorce case and halted a restructuring to protect his ex-wife's asset rights

US open to China's limited presence in Venezuela, not oil control

Wright also said he expected see Chevron, opens new tab quickly grow its activities in Venezuela with ConocoPhillips

Reliance Industries says it may buy Venezuelan oil, awaiting clarity

The statement comes amid evolving global discussions on energy trade involving Venezuela, as refiners assess supply options based on regulatory approvals and international sanctions frameworks

ASEAN-India trade pact under review to expand market access: Envoy

India's Ambassador to ASEAN Srinivas Gotru said the Department of Commerce is leading the discussions to modernise the pact and "expressed hope" that the review would conclude at the earliest

Bangladesh suspends visa services in India, seeks US visa bond exemption

India had earlier imposed restrictions on visas for Bangladeshi nationals after August 5, 2024, citing security concerns

Why Microsoft CEO Satya Nadella launched a low-budget personal blog

Nadella opted for a minimalist, cookie-cutter blog template with zero bells and whistles. Nadella's name doesn't even appear on the site, though there are two links to his social media profiles

European defence stocks hit record as geopolitics lift dollar, oil

The broader pan-European STOXX 600 was down 0.2%. Japan's Nikkei lost 1.6% overnight amid rising tensions with China and Wall Street futures eased 0.2%

UK backs US in seizing Russian oil tanker with military support

UK armed forces provided enabling support to the US seizure of a Russian oil tanker in the North Atlantic as part of joint efforts to crack down on sanctions evasion and shadow fleet activity

US will run Venezuela, rebuild it very profitable way, says Donald Trump

According to the NYT, Trump, during the interview, did not provide any indication of when elections would be held in Venezuela

India, Germany in talks for $8 billion submarine manufacturing deal

The agreement, negotiated ahead of Chancellor Friedrich Merz's visit to the South Asian nation next week, would for the first time include technology transfer for submarine production

China to probe Meta's acquisition of artificial intelligence startup Manus

It is a rare acquisition by a US tech group of an AI company with Chinese roots, at a time of heightened frictions between Washington and Beijing

Why Pak minister believes cash-strapped nation won't need IMF in 6 months

Pakistan has depended on IMF loans for many years to manage its economy, repay debts and support foreign exchange reserves

French farmers drive tractors into Paris to protest EU free trade deal

Thursday's protest was staged by the Rural Coordination union to put further pressure on France's government, which has opposed the deal

Iran crisis deepens as protests spread to over 100 cities; thousands held

Protests over Iran's worsening economy have spread to more than 100 cities, leaving dozens dead and over 2,000 arrested as inflation surges and the rial hits record lows

Trump discussing range of options to acquire Greenland: White House

Trump has in recent days adopted a more expansionist foreign policy posture, including a renewed focus on Greenland, following the US capture of Venezuelan leader Nicolas Maduro