World News

Jain Global expands staff, office space in Asia ahead of Millennium tie-up

With the agreement pending completion next month, Jain Global is continuing to woo Asia-based portfolio managers with promises of a different structure

Alibaba to sell its gaming arm for $1.5 billion in boost to AI pivot

Alibaba is undergoing a broader corporate reorganization, divesting non-core assets while making AI and cloud computing a top strategic priority with the aim of reaching $100 bn in AI revenue in 5 yrs

How false nuclear claim about Iran ricocheted from India to Washington

A dubious post that spread on X became the basis of false claims that Iran's leadership had declared it a nuclear power

Jared Kushner meets Hamas chief on Gaza road map, to meet Netanyahu next

Trump's son-in-law Jared Kushner met Hamas chief Khalil al-Hayya in Egypt ahead of talks with Israeli PM Netanyahu, as US mediators seek to revive a 15-point Gaza ceasefire road map

Indonesia earthquake death toll rises to 53 as rescue operations continue

More than 900 homes were destroyed and 450 more damaged in East Nusa Tenggara province, forcing about 5,000 people into temporary shelters

Big, bold step: Trump welcomes Saudi-Turkey-Pak defence pact amid Iran war

The agreement was signed August 7 by Saudi Crown Prince Mohammed bin Salman, Turkish President Recep Tayyip Erdogan and Pakistan Prime Minister Shehbaz Sharif

Trump orders Pentagon to scale back US-South Korea joint military drills

The move comes after Trump said South Korea declined to help denuclearise Iran, days before the allies are set to begin their annual 11-day joint exercises

Israel strikes Lebanon again, 11 dead; Iran still defiant on Hormuz control

Trump said a US blockade of Iranian ports was a "wall of steel" that enabled Washington to effectively govern Hormuz

Russia carries out wave of airstrikes on Ukraine, kills two at steel plant

Romania, which borders Ukraine, said an F-18 fighter on a Nato air policing mission had shot down a drone that breached its airspace during the latest attacks

UK hospitals unprepared for heat as 'horrific' conditions grip wards

The past few months have revealed the extent to which Britain's healthcare system appears unprepared for the profound change in climate already underway

Category 1 hurricane Lala lashes Hawaii's Big Island, but avoids landfall

While the Big Island has gone more than a century without a hurricane strike, Hawaii isn't immune to tropical storms

Thousands evacuate after Indonesia quake kills 53, hampers rescue efforts

Saturday's quake was the Southeast Asian nation's deadliest since a 2022 quake killed hundreds in West Java

Trump weighs more economic pressure on Iran: What are his options?

Recent measures have targeted Iran's shadow oil fleet; shipping insurers; freezing an estimated $500 billion in ‌Iran-linked cryptocurrency

German firms cut US investment to 3-yr low amid Trump's uncertain policies

First-half direct investments plunged by ‌nearly two-thirds year-on-year to €4.3 billion ($5 billion), the ​lowest level since 2023, according to ​calculations by the German Economic Institute

From sports to protest, the surprisingly political history of hoodie

From medieval hoods and sportswear to hip-hop, street culture and political protest, the hoodie has evolved into a garment shaped by race, power, policing and identity

UK inflation set to rise as AI chip crunch, energy costs add pressure

Data on Wednesday are set to show inflation accelerating for the first time in four months, with the median economist estimate in a Bloomberg survey predicting a 2.9% jump in July

Why landing first job is getting tougher and more expensive in UK

AI is eroding traditional entry-level roles as companies cut graduate hiring, leaving young workers to turn to unpaid work, internships and costly career coaching to gain experience

Birds and crocodiles may share a warm-blooded past, fossil study suggests

New research suggests the ancestors of modern crocodiles were active, warm-blooded land dwellers before their metabolism slowed and they adapted to an ambush-predator lifestyle in water

US asks countries to pick sides in AI race with China or face consequences

By pressing countries to choose sides the US hopes to starve China of resources in a race to make the most sophisticated AI, which could be used for military or economic dominance

Bond traders agonise over $70 bn of shadow credit backstops for AI firms

With its latest move, Nvidia is poised to provide potentially tens of billions of dollars of what's called "residual value" support for debt deals tied to the artificial intelligence build out