Page 378 - World News

SpaceX eyes share sale deals, valuation likely to hit around $400 billion

This would mark the largest-ever valuation for a privately held US company, surpassing SpaceX's previous record of $350 billion from its share buyback in December

China's factory-gate deflation hits 2-year low amid global trade war

The producer price index fell 3.6 per cent in June from a year earlier, worse than a 3.3 per cent decline in May and the largest drop since July 2023

US slaps sanctions on firms linked to North Korea's fake-tech-worker scheme

Thousands of North Korean workers have been posing as nationals from other countries to infiltrate companies in the US and around the world, said the US government

Trump puts pressure on Asian ally South Korea to pay more for its defence

The pressure from Trump comes as North Korea appears to be more emboldened through its growing partnership with Russia

China's blistering heat leaves workers exposed as gig economy booms

According to The Lancet, yearly heat wave-related deaths in China have now nearly doubled compared with 1986 to 2005, with more than 37,000 deaths in 2023 alone

Virgin Atlantic signs deal to use Musk's Starlink for fleet Wi-Fi

The British long-haul carrier will start installing Starlink on its aircraft next year and expects to finish the full retrofit by the end of 2027

Donald Trump's tariff 'blank check' must be curbed: Businesses to US court

A group of small businesses that won an order finding President Donald Trump's sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies

Grok AI goes full Nazi-mode, sparks social media outrage with Hitler praise

The controversy over the now-deleted inflammatory posts erupted just days after X CEO Elon Musk claimed major upgrades to Grok, mentioning that the chatbot had improved significantly

Brics isn't anti-American, but Donald Trump's threats could make it so

At the Brics meeting this week in Brazil, leaders jointly condemned the 'indiscriminate rising of tariffs,' in a swipe at President Donald Trump's trade policy

Apple supplier Lens Technology to debut in Hong Kong after $607 mn float

Headed by China's second-richest woman, Lens Technology is the latest China-traded company to set its sights on Hong Kong

Trump prevented war between India, Pakistan during presidency: Marco Rubio

A day earlier, Trump had again repeated the claim that he stopped the war, that could have gone nuclear, between India and Pakistan

Israel plans to pack Gaza's population into closed border zone

Both Trump and Netanyahu have said Gaza's population should be relocated to other countries through what they refer to as voluntary emigration

US federal judge dismisses lawsuit seeking to stop DOJ grant cancellations

A federal judge has allowed the Trump administration to rescind nearly $800 million dollars in grants for programmes supporting violence reduction and crime victims

Texas inspectors cleared Camp Mystic's disaster plan 2 days before flood

The Department of State Health Services released records Tuesday showing the camp complied with a host of state regulations regarding procedures to be implemented in case of a disaster

Supreme Court clears way for Trump's plans to downsize federal workforce

The justices overrode lower court orders that temporarily froze the cuts, which have been led by the Department of Government Efficiency

Over 100 dead, 160 still missing after deadly floods, says Texas Guv

Many of those who are not accounted for were staying in state's Hill Country but did not register at a camp or hotel

Trump says he is not happy with Russia's Putin, considering sanctions

I'm not happy with him, I can tell you that much right now. This is killing a lot of people, Trump said of Putin during a meeting with his Cabinet

Trump says Brics aims to hurt us, threatens 10% tariff on member nations

Trump on Sunday threatened to impose an additional 10 per cent tariff on countries aligning themselves with the anti-American policies of the BRICS grouping

Trump says Powell should 'resign immediately if Congress misled'

Trump reiterated his criticism of the Fed chair in a Cabinet meeting Tuesday, calling Powell "terrible," and telling reporters that deceiving Congress would be grounds for a swift exit

'No change': Trump reaffirms Aug 1 tariff deadline, rules out extensions

US President Donald Trump confirms 25% tariffs on Japan, South Korea from August 1, rejecting delays. Reciprocal duties target 50+ countries as trade talks stall; retaliation warnings issued