World News

Indian-American arrested in California over alleged $100 million bank fraud

As alleged, Makhijani falsified title insurance records, concealed true lien positions, and used a network of shell companies to mislead a federally insured bank out of nearly $100 million

Europe is finally beginning to reinvent itself for a changing world

Europe is accelerating efforts to strengthen its economy through market integration, industrial support and tougher trade measures, while reducing reliance on US policy under Donald Trump

Inside the White House panic over Epstein files and growing MAGA backlash

The president's top advisers gathered in a series of Situation Room meetings as they struggled to contain a scandal engulfing Donald Trump himself

Meeting Epstein was 'grave error in judgment': Bill Gates tells lawmakers

Gates said he was introduced to Epstein through people involved in his professional work and was drawn in by Epstein's claims that he could help raise billions of dollars for global health initiatives

FBI seizes 13 websites allegedly used by China to recruit US workers

Law enforcement officials identified the website through information from targets who came forward to report what they believed to be suspicious interactions

Anthropic pledges $200 million to study AI's economic impact, job losses

The announcement comes on the heels of Anthropic rival OpenAI on Monday outlining goals that included ensuring gains from the technology are 'widely shared'

Kuwait closes its airspace temporarily amid fresh Iranian strikes

Flights circled outside of Kuwait for some time before the announcement, after the military said its air defences were firing

Asian shares decline after another AI-led sell-off drags Wall Street lower

Hong Kong's Hang Seng edged 0.2 per cent higher, to 24,468.82, but the Shanghai Composite index fell 0.2 per cent to 3,983.80

US firms remain cautious about investing in China despite improved profits

Just 49 per cent of the companies surveyed by the US-China Business Council said they planned to invest in the Asian country this year, up one percentage point from a record low last year

Canada proposes to ban social media accounts for children under 16

The legislation would also regulate the companies behind artificial intelligence chatbots by imposing on them a duty to act responsibly through measures such as crisis intervention protocols

US refunds $22 bn in tariffs after court setback to Trump's trade policy

Administration began processing refunds in April after the Supreme Court ruled that President Trump didn't have the authority to impose tariffs using the International Emergency Economic Powers Act

Lee Raymond, former Exxon chief who led historic Mobil merger, dies at 87

Son of a South Dakota railroad engineer, Raymond became one of corporate America's most prominent leaders as chief executive officer of Exxon Corp. from 1993 to 2005

Strait of Hormuz 'closed to all vessels', says Iran's IRGC after US strikes

'Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships,' IRGC said

China lures foreign patients with cutting-edge, low-cost medical care

China is pushing to upgrade its economy and reshape its global image from just a manufacturing hub into a provider of high-value services, and demand for medical tourism is surging

'I love the inflation': Trump's remark gets backlash amid rising costs

It was an unexpected take given that voters ahead of the November midterm elections have ranked the economy as a top concern -- and have given Trump low marks on that issue

US launches fresh strikes on Iran as Trump says Tehran will 'pay the price'

Trump has urged Iran to sign a deal to end the war and suggested earlier this week that an agreement could be reached in a matter of days

Over 100 mn oil barrels, 200 ships secretly escorted through Hormuz: Trump

Earlier, Trump said that the United States would resume attacks on Iran, as he voiced frustration over Tehran's delays in concluding the deal with Washington

Trump congratulates Modi on becoming India's longest-serving elected PM

Modi reached the milestone of becoming India's longest-serving prime minister on Wednesday, with an unbroken tenure of 4,399 days in office, surpassing Jawaharlal Nehru

Trump signs law boosting immigration, deportation funding by $70 bn

The bill provides $38 billion for US Immigration and Customs Enforcement and $26 billion for the Border Patrol. An additional $5 billion would cover unforeseen costs, according to the White House

India, US explore possible Modi-Trump meeting on G7 summit sidelines

The Ministry of External Affairs (MEA) has already announced that Modi will undertake a week-long visit to France and Slovakia beginning Saturday