World News

Wall Street's data centre boom is reshaping the real estate bond market

Data-centre CMBS issuance has topped $17 billion since 2025, forcing investors to assess risks ranging from power constraints and opaque tenants to rapidly ageing technology

Sweden's centre-left takes narrow lead as far-right influence declines

Preliminary results give the centre-left opposition a three-seat lead, putting Magdalena Andersson on course for power as the Sweden Democrats lose ground in Parliament

Gulf states cancel Iran talks; Houthis attack Saudi Arabia again

Gulf states postponed talks with Iran on reopening the Strait of Hormuz as the Houthis attacked a Saudi airbase and Tehran sanctioned 77 ships over alleged protocol violations

Fed's table looks set for a rate hike, a first under Kevin Warsh

Markets see an 85 per cent chance of a quarter-point increase as hotter inflation and oil above $100 test Fed Chair Kevin Warsh's stance on rates and forward guidance

Saudi Arabia's pipeline closure raises cost of India's crude haul

Closure of Saudi Arabia's East-West pipeline could constrain routing options for Indian refiners and raise landed crude costs as key transit routes face disruptions

Beijing hits back at Anthropic CEO's call to curb China's AI development

Beijing urged countries to cooperate on AI governance, rejecting calls for tighter US restrictions on China's AI capabilities as 'fearmongering' and confrontation

Global AI stocks fall as industry chiefs call for slowing development

AI-linked stocks plunged globally after industry leaders urged slower development over safety risks, while OpenAI ruled out an IPO this year and Anthropic pressed ahead

At Brics summit, Modi, Xi offered to help Putin end Ukraine war: Kremlin

India and China told Russian President Vladimir Putin they were ready to help end the Ukraine conflict, with Moscow welcoming efforts to encourage Kyiv to show greater flexibility

How AI-generated music is emerging as a threat to streaming royalties

Music companies and streaming platforms are tightening rules as AI makes it easier to create fake songs and streams, raising concerns over fraud and lost royalties for genuine artists

How an Indian-origin CEO with no gaming experience is 'fixing Xbox mess'

Seven months into the job, Asha Sharma is overseeing a series of changes across Xbox's gaming business, from a 3,200-job restructuring to changes in cloud gaming and new partnerships

ICBC, HSBC among major lenders on ByteDance's $30 billion financing

The three-year borrowing, which could be extended to as long as five years, attracted 28 banks, some of which committed via various branches or subsidiaries

Yemen conflict intensifies as Houthi attacks threaten Red Sea oil supplies

Yemen's government is sending more forces to the Red Sea coast after Houthi advances, raising concerns over shipping disruptions and pressure on global oil supplies

China spies on us, we spy on them too: Trump on Iran satellite images

Trump downplayed a WSJ report that Chinese entities supplied Iran with satellite imagery of a US base in Jordan before a July missile strike that killed three US troops

Trump backs new ethics rules to push crypto bill, but it may not be enough

Republicans say Trump agreed to provisions restricting politicians' crypto dealings as the Senate prepares to vote on the Clarity Act governing the $2.3 trillion market

Carney pitches Canada to global investors as Trump tries to pull investment

About 300 top executives overseeing more than $120 trillion in assets will attend Canada's investment summit as Mark Carney seeks to reduce reliance on the US

Build resilience before next emergency arrives: WHO chief to Brics leaders

WHO chief urged Brics leaders to focus on health resilience, innovation, cross-border cooperation and sustainable financing

Softbank Group gets upsized $11.9 billion loan in OpenAI funding push

The Japanese conglomerate sealed the two-year facility last week, attracting commitments from around 20 banks

Too early to endorse JD Vance for 2028 presidential race, says Trump

Trump declined to endorse Vice President JD Vance for the 2028 presidential race, saying it was too early while praising Vance and other potential contenders

Anthropic picks Nasdaq for much-anticipated IPO, eyes listing in October

The Claude chatbot maker is seeking to raise as much as or more than SpaceX in an IPO that could take place as soon as October

$7 billion gas bill sees developing Asian nations sour on LNG future

The loss of Qatari LNG supplies through the Strait of Hormuz has sharply raised costs for Asian emerging markets