World News

Trump admin deploys AI to crack down on China-linked tariff dodging

White House report accuses dozens of countries of helping China evade US tariffs through third-country transshipments, with the new AI set to track such illicit trade flows

Oracle to cut jobs again as AI boom drives a costly infrastructure race

Oracle is cutting costs even as its cloud business grows rapidly, as debt-funded AI infrastructure spending puts pressure

Americans struggle to make ends meet as inflation stays high: Fed official

A senior Federal Reserve official has warned that lower- and middle-income Americans are struggling to make ends meet, while the central bank may need to raise interest rates if inflation stays high

How South Korea's Kospi entered bull market after last month's sell-off

The gains came as investor interest returned to technology hardware stocks on expectations of continued spending on artificial intelligence infrastructure by large technology companies

Trump enlists pvt sector to boost cyber-offensive arsenal against criminals

A new Trump administration programme will allow private companies under federal oversight to conduct offensive cyber operations against criminal groups targeting Americans

Indian-origin teen kills mother, 14-yr-old brother in Massachusetts

17-year-old Arjun Aravind has been charged with two counts of murder in connection with the deaths of his mother, Sudha Venkatesan, 45, and his 14-year-old brother, Siddharth Aravind

US states issue proclamations to commemorate August 15 as 'India Day'

Delaware is the latest US state, after New York, New Jersey and Massachusetts, to issue a proclamation on the occasion of India's independence day, declaring August 15, 2026, as 'India Day'

Trump reverts to economic squeeze as 'entrenched' Iranian regime resists

Facing munitions shortages and growing pressure over the conflict, the Trump administration is turning again to sanctions and a naval blockade to squeeze Iran's oil exports

Trump sued over paid early access to US policy posts on Truth Social

The suit asks that Trump Media be forced to end both the new paid service, called Truth API, and its exclusive access deal with his company in general

China sees underground market for leaks on Xi's next corruption targets

Secretive online groups are selling purported clues on officials under scrutiny as Xi Jinping's anti-graft campaign fuels anxiety across the political system

White House press secretary Karoline Leavitt to leave role at month's end

Leavitt, who served Trump as a press aide during his first go-around in the White House, has been one of the most visible advocates of Trump's 'Make America Great Again' movement

Asian stocks rise as US inflation data dents Fed's September rate hike bets

Asian equities gained after US consumer prices rose in line with expectations, while oil prices held near $80 a barrel amid a standoff between Washington and Tehran

Hormuz remains blocked: Iran dismisses Trump's 'total US control' claims

Tehran says the strategic waterway remains blocked and will not reopen until Iran's conditions are accepted, rejecting US claims that the Strait is under total US control

Zhu Rongji: Fmr premier who was the architect of economic overhaul in China

A young Communist star in the 1950s, Zhu was expelled from the party in one of Mao Zedong's ideological purification campaigns.

Taiwan slams Indonesia, China over planned naval drills near its coast

China's defence ministry said on Tuesday the drill, to take place in mid-August at a location east of Taiwan it did not detail, would be a "navigation exercise" with an Indonesian navy ship

China's Tencent posts 11% Q2 revenue rise, profit misses estimates

For the three months ended June, the ​Shenzhen-based gaming and internet ‌company reported revenue of ​204.8 billion yuan ($30.36 billion), in line with analyst ‌estimates of ​202.2 billion ‌yuan

Meta faces biggest youth social media test yet as 29 US states go to trial

The seven-week trial will test claims that Meta designed Facebook and Instagram to keep children hooked and misled users about the safety of its platforms.

Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecast

Foxconn expects its capital expenditure to continue growing and forecasts a 30 per cent increase in 2026 from a year earlier.

Putin says Russia will respond in kind if EU nations seize Russian vessels

TASS cited Putin as saying of those ​measures: "Of course, this is nothing short of piracy and ‌banditry. And if this is actually put into practice, ​we will be forced to respond in kind."

Ukraine halts strikes on tankers using Russian port at US request, FT says

Ukraine agreed not to target CPC infrastructure or non-Russian vessels as long as the latter were not under Ukrainian sanctions and were not carrying Russian oil or cargo, FT reported