Page 14 - World News

China's industrial output rises 4.5% in May but retail sales contract

The reading beat expectations of a 4.3 per centincrease in a Reuters poll

BOJ raises interest rates to 31-year high as Iran war fuels inflation risks

In a widely expected move, the BOJ decided to raise its short-term policy rate to 1 per cent from 0.75 per cent, taking borrowing costs to levels unseen since 1995

Microsoft sued by shareholders over expenses, Azure cloud business, AI

The proposed class action led by a Michigan pension ​fund was filed in Seattle federal court on Friday, after Microsoft shares fell 10 per cent on January 29

US saw risk of Anthropic AI models being used by foreign military: Lutnick

The stakes are high, with the government seeking assurances that the models cannot be used to harm the US, while Anthropic is pushing to restore access to its top-tier models

China's retail sales fall for first time since 2022 as consumption slows

Retail sales, a key gauge of consumption, slid 0.6 per cent in May, reversing April's 0.2 per cent rise and below the estimated 0.0 per cent, the first monthly fall since December 2022

Trump's Iran deal faces scepticism, scrutiny as US lawmakers seek answers

Trump has not yet explained how this deal will address Iran's nuclear programme, including who will be in charge of verifying that Iran is in compliance and who will destroy highly enriched uranium

Israel will keep forces in Lebanon, despite US-Iran deal: Netanyahu

'The struggle has not ended,' a defiant Prime Minister Benjamin Netanyahu told Israelis

Fox to acquire Roku in $22 billion deal to boost streaming ambitions

It is Fox's first major acquisition since CEO and Chairman Lachlan Murdoch cemented control over the media empire his father Rupert Murdoch built, following a family settlement last year

Lebanon's sovereignty, security integral to ending war, says Iran

According to the Islamic Republic of Iran Broadcasting (IRIB), Baghaei, on Monday (local time) said that Iran's position on Lebanon has remained consistent throughout the negotiations

Hormuz 'already partially open', to be fully reopened on June 19: Trump

Trump said that ships, including several carrying oil, had started moving out of the Strait of Hormuz following his announcement of the completion of the Iran-US peace deal

Peace deal restores pre-war status quo, US objectives unfulfilled: Expert

US and Iran reached an agreement on Sunday to reopen the Strait of Hormuz, a move expected to facilitate the resumption of oil and natural gas shipments

Iran will never have nuclear weapons, not today and not tomorrow: Netanyahu

Prime Minister Benjamin Netanyahu on Monday evening defended his actions, emphasising that 'Iran will never have nuclear weapons, with or without peace deal'

Global demand for EV rises 3% for third straight month in May: BMI data

'Europe really is the driving factor towards this growth at the moment', said BMI data manager Charles Lester

8 killed as B-52 bomber crashes at US Air Force base in California

It was not immediately clear what caused the crash, and it could take up to six months to complete an investigation, Hayes said

UNSC calls on Afghanistan's Taliban rulers to reverse crackdown on women

The resolution's adoption follows the arrest of at least 30 women in the western city of Herat this month for allegedly violating the Taliban's strict dress code

Vance to lead US delegation to ink Iran peace deal in Switzerland: Trump

Both Trump and Vance have electronically signed the framework agreement with Iran's lead negotiator Mohammad Bagher Ghalibaf, according to a senior US official

SpaceX IPO sparks debate over index rules as AI giants reshape markets

The IPO is the headline, but the real story is about index methodology, said Dina Ting, head of global index portfolio management at Franklin Templeton

Dubai property market lures bargain hunters despite West Asia situation

Dubai's residential property market continues to attract buyers despite the West Asia conflict, with some investors viewing price corrections as an entry opportunity

US official says Iran deal signed, Strait of Hormuz set to reopen

The US and Iran have signed a framework agreement to end the conflict, paving the way for the reopening of the Strait of Hormuz and easing global oil market concerns

India,Slovakia elevate ties, deepen manufacturing and tech cooperation

The two countries upgraded relations to a comprehensive partnership and announced 14 outcomes spanning defence, labour mobility, digital technologies and advanced manufacturing