World News

Stellantis takes $26.5 bn writedown in latest EV pullback, shares tank

Stellantis is particularly exposed because it leans heavily on high-margin Jeep and Ram pickup truck sales in the US, where demand for EVs is especially subdued

Nuclear talks with US a good start, says Iranian Foreign Minister

For Washington, carrying out enrichment - a possible pathway to nuclear bombs - inside Iran is a red line. Tehran has long denied any intent to weaponise nuclear fuel production

Amazon shares falls after vow to spend $200 billion on AI this year

Chief Executive Officer Andy Jassy said the money "predominantly" would go toward the company's Amazon Web Services cloud unit, and most of that spending would be for AI workloads

Donald Trump shares racist video of Obamas depicting them as primates

Trump sparks bipartisan backlash after sharing a social media video that included a racist depiction of Barack and Michelle Obama while amplifying 2020 election conspiracy claims

EU recommends service ban for Russian oil exports in new sanctions package

EU proposes full ban on maritime services for Russian oil exports, targeting Moscow's energy revenues and stepping up pressure to push Russia into peace talks

Toyota appoints CFO Kenta Kon as new CEO in surprise leadership reshuffle

The shakeup coincides with a high-profile deal for the Toyota group, which is pushing to take Toyota Industries Corp. private in a tender offer that closes next week

'No one should feel unsafe': Tim Cook flags immigration fear at Apple

Apple CEO Tim Cook says he is 'deeply distraught' over US immigration policy and vows to lobby lawmakers, while reassuring staff, including visa and DACA workers

Trump seeks new nuclear arms treaty with Russia as New START expires

The deal expired on Thursday, raising the possibility that US and Russia could potentially pursue new nuclear weapons unhindered by any diplomatic agreement while geopolitical tensions rise

31 killed, over 169 injured in suicide bombing at Shia mosque in Pakistan

The explosion occurred at the Khadijatul Kubra mosque-cum-imambargah, which caters to the Shia denomination, in the Tarlai area of Islamabad

EU charges TikTok over addictive design, asks it to change or face fines

EU charges TikTok over addictive design features under Digital Services Act, warns of fines up to 6% of ByteDance's global turnover

Leading South Korean insurers explore entry into India's $130 bn market

Any deals resulting from the talks would mark the first time that Korean insurance firms have entered the Indian insurance sector

FDA to act against companies selling 'illegal copycat drugs', chief says

Makary's comments came after online telehealth company Hims and Hers Health began offering a much cheaper $49 compounded version of Novo Nordisk's new Wegovy weight-loss pill

Trump gives his 'total endorsement' to Japan's Takaichi ahead of elections

Japan's first female PM, whose coalition is widely expected to win, according to opinion polls, is seeking a public mandate

Cash-strapped Lebanon weighs using vast gold reserves to revive economy

The government is considering using some of its gold reserves to bail out the banks and pay back depositors who got wiped out

Bitcoin falls, Asian shares slip as Wall Street hit by tech stock losses

Bitcoin sank to roughly half its record price, giving back all it gained since US President Donald Trump won the White House for his second term

US strike on alleged drug-trafficking boat kills two in Eastern Pacific

Thursday's strike raises the death toll from the Trump administration's strikes on alleged drug boats to 128 people

US tells citizens to 'leave Iran now' ahead of high-stakes nuclear talks

The US Embassy has urged American citizens to leave Iran immediately, citing internet shutdowns, security restrictions and travel disruptions as Washington and Tehran prepare for nuclear talks in Oman

AI race sends Big Tech's capital spending to stratospheric high of $650 bn

The ever-larger numbers - in total, an estimated 60 per cent increase from a year ago - means yet another acceleration in the wave of data centre construction taking place around the world

Russia regrets expiry of nuclear arms pact with US as Trump seeks new deal

Putin last year declared his readiness to stick to the treaty's limits for another year if Washington followed suit, but Trump has argued that he wants China to be a part of a new pact

DHS shutdown risk rises as Republicans rebuffs Democrats demands on ICE

Democrats say they will not vote for a DHS spending bill when funding runs out unless there are changes at US ICE, other federal agencies in the wake of the fatal shootings in Minneapolis