Page 364 - World News

Musk's SpaceX plans share sale valuing firm at nearly $400 billion

The deal marks a rapidly climbing value for Musk's rocket and satellite maker, and cements SpaceX's status as the most valuable private startup in the world

US trade wars to hit households worldwide, says BOE Bailey Warns

Bailey called for greater cooperation between countries, particularly the US and China to resolve unsustainable trade and financial imbalances

Trump admin pulls back deployment of 2,000 National Guard troops in LA

About 2,000 National Guard troops will be released from duty because the lawlessness in Los Angeles is subsiding, Pentagon spokesman Sean Parnell said

South Asia achieves record immunisation coverage: WHO, Unicef data

India reduced its number of zero-dose children those who have not received a single vaccine by 43 per cent, from 1.6 million in 2023 to 0.9 million in 2024. Nepal achieved a 52 per cent reduction, fro

2 dead in New Jersey after flood carries away vehicle during heavy rains

Gov. Phil Murphy, a Democrat, noted the deaths occurred in the northern New Jersey city of Plainfield where there were two storm-related deaths July 3.

Global views of China, Xi improve as US, Trump ratings decline: Pew

Released Tuesday, the survey shows that international views of the two superpowers and their leaders are closer than since 2020

Trump rules out sending long-range weapons as Ukraine awaits US aid

Trump on Tuesday offered a more cautious tone on what to expect after he threatened Russia a day earlier with steep tariffs

Trump admin fires 17 immigration court judges across 10 states, says union

The firings come as the courts have been increasingly at the centre of the Trump administration's hardline immigration enforcement efforts

Trump strikes trade deal with Indonesia, imposes 19% tariff on imports

Trump has sent tariff letters over the last week to multiple trading partners, increasing pressure on negotiators ahead of an Aug. 1 deadline for higher duties to take effect

CoreWeave commits $6 bn to Pennsylvania data centre amid Trump AI push

The announcement will be made during a CEO roundtable with Trump at Senator Dave McCormick's inaugural Pennsylvania Energy and Innovation Summit, the company said in a statement

Nato chief warns India, China, Brazil of US sanctions over Russia ties

Trump didn't name Brazil, China or India but those are three countries that have continued to buy Russian oil and petroleum products in the years since Putin's forces invaded Ukraine in 2022

Opec sees stronger global economy in H2 2025 as oil demand stays firm

OPEC's demand forecasts are at the higher end of the industry range, as the agency expects a slower energy transition than some other forecasters

Trump asks Zelenskyy if Ukraine can strike Moscow with US weapons

The conversation took place a day after Trump said he was "very disappointed" by a phone call with Putin, in which the Russian leader insisted he wouldn't back down on his war aims

US inflation picks up in June as early tariff effects start to show

Trump last week announced higher duties would come into effect on August 1 for imports from a range of countries, including Mexico, Japan, Canada and Brazil, and the European Union

Google, Brookfield sign $3 bn hydropower pact for US data operation

The announcement comes amid rising power demands from technology giants, driven by the rapid growth of artificial intelligence and the expansion of data centres

Citigroup profit beats analyst estimates, shares rise on buyback plans

Shares jumped 3.3 per cent after the bank announced it would buy back at least $4 billion in stock in the third quarter

Nvidia, AMD to restart AI chip sales to China after US export nod

US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, the company said in a blog post on Monday

China's economy grows 5.2% as strong exports mask weak consumer demand

Industrial output rose 6.8 per cent in June from a year earlier, faster than the 5.6 per cent expansion forecast by economists

Formal process to replace Fed Chair Powell underway: US Treasury Secy

US Treasury Secretary Scott Bessent says a formal process to find Jerome Powell's successor as Fed Chair has begun and suggests Powell should step down entirely after his term ends in May 2026

Standard Chartered launches Bitcoin, Ether spot trading for institutions

Standard Chartered already offers crypto products, including trading, via two independent subsidiary companies: Zodia Markets and Zodia Custody