World News

US attempt to strangle Iran's economy depends on China's cooperation

The US has spent 20 years promising 'crippling sanctions' on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump's goals

Trump administration moves to impose over $100K fee on H-1B worker visas

A federal judge in June ruled that the fee was illegal and blocked the ‌Trump administration from collecting it.

Iran vows retaliation as US expands sanctions, threatens economic lifeline

US Treasury Secy Scott Bessent unveiled measures but stopped short of the most punishing sanctions, saying countries that continued trading with Iran risked being forced out of dollar system

Bessent's economic D-Day threat to Iran hinges on willingness to hit China

But that's only if Bessent actually follows through on a threat the Trump administration has made before

US unveils 'economic D-Day' against Iran, warns trade partners of sanctions

The statement marked the latest bid to force capitulation from Iran, which has refused to bow to US demands despite months of US bombing that began in February as well as decades of economic sanctions

Iran threatens response as US expands sanctions, warns other nations

The new head of Iran's top security body warned Sunday that Tehran will see any country's support for the sanctions as an "act of war".

Zelenskiy says Russia is 'not ready' for ceasefire on grain ships

Moscow and Kyiv, major players in global agriculture markets, have accused each other of intensified attacks on vessels used for food exports ‌during Russia's war in Ukraine.

The $500 billion experiment to build 24/7 markets on blockchain

Modern finance spent decades building markets around a common architecture: recognized venues, set trading hours and benchmark prices that anchored everyone else.

Trump threatens 50% tariffs on all cars, trucks from Canada amid trade spat

"On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON'T NEED CANADA, THEY NEED US!" Trump said.

India's Iran exports set to fall further amid Dubai halt, US sanctions

Indian exporters fear Trump's proposed "economic D-Day" plan, likely to be unveiled later on Monday, could further squeeze trade weakened by sanctions, banking caution and shipping constraints

Xiaomi develops its own AI mobile chip in challenge to Qualcomm, MediaTek

The Xring O3 system-on-a-chip advances Xiaomi's in-house semiconductor design efforts with more power-efficient image processing and better artificial intelligence capabilities

US national debt crosses $40 trn: What govt debt means and how it works

US national debt has crossed $40 trillion. Here's a guide to how government debt works, why governments borrow, who they owe money to, how they repay it and what debt ceilings mean

AI is boosting UK productivity, but it's coming at a cost for workers

Britain has seen a K-shaped recovery: The top end of its economy is doing better than it has in years, but the bottom is struggling

US startup Powerus builds low-cost drone interceptors amid Iran war

For Florida-based Powerus, becoming a global supplier of counterdrone technology has meant involving the Trumps, a golf course and a new way of doing business

Vessels violating Hormuz protocols shall face fines, detention: Iran

The authority also warned that vessels cooperating with ships already listed as non-compliant would themselves be added to the list

Not a single drop of oil will be exported if US economic war persists: Iran

Iran's Supreme National Security Council Secretary Mohsen Rezaei warned that Iran would consider any country supporting or participating in US economic campaign against Tehran to be an 'act of war'

Entering endgame: US Treasury secy announces economic D-Day against Iran

US Treasury Secy Scott Bessent said Washington was entering 'endgame' against Iran with major economic offensive, as Tehran warned it could halt oil exports through Hormuz

United States could bear the brunt of escalating trade war with Canada

New 50 per cent US tariffs and Canada's threat of retaliation raise risks of higher prices, weaker investment and fresh economic shocks amid persistent inflation

Defiant Iran says new sanctions threatened by 'desperate' US will fail

Tehran remains defiant ahead of expected US sanctions announcement on Monday as shipping through the Strait of Hormuz remains virtually at a standstill

Alibaba Group to raise $10 billion by selling shares for AI expansion

The new share placement comes as the Chinese company ratchets up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena