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Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Iran proposes regional currency to boost trade

Tehran, Iran -- Iranian President Masoud Pezeshkian on Tuesday proposed that Iran and its regional trading partners establish a shared...
  • Years of international sanctions, largely imposed by the United States over Tehran's nuclear programme, have severely weakened Iran's economy.
  • "Even a common currency could be adopted in the region to help promote economic development," he told a meeting with Tajik Interior Minister Ramazan Rahimzada.

OpenAI says a million ChatGPT users talk about suicide

San Francisco, United States -- Data from ChatGPT-maker OpenAI suggest that more than a million of the people using its...
  • estimated that approximately 0.15 percent of users have "conversations that include explicit indicators of potential suicidal planning or intent."
  • With OpenAI reporting more than 800 million people use ChatGPT every week, this translates to about 1.2 million people.

Zohran Mamdani’s rise signals new hope for US democrats searching for a winning formula

Mamdani, a 34-year-old self-described democratic socialist, has developed a plan aimed at luring working-class people and young adults, for whom...
  • The Democrats -- shut out of power in the White House and both chambers of Congress -- are seen negatively by 63 percent of US voters, according to a July poll in the Wall Street
  • John Kane, a professor of political science at New York University, said the party needs to reconnect with parts of their traditional base, such as lower-income Americans and young

Erdogan hails Eurofighter jets deal as ‘new symbol’ of strategic ties with Britain 

"We regard this step as a new symbol of the strategic relations between our two close allies," he said after...
  • "We regard this step as a new symbol of the strategic relations between our two close allies," he said after signing the agreement with visiting British Prime Minister Keir Starmer
  • Turkey has been looking to modernise its air force and has been pushing to acquire 40 European-made fighter jet, which are jointly produced by Britain, Germany, Italy and Spain

Israel insists it calls shots in Gaza despite signing up to a US-brokered ceasefire

Under the terms of a US-brokered ceasefire, as Israeli forces withdraw after the end of two years of brutal fighting...
  • Prime Minister Benjamin Netanyahu said Israel would decide for itself where and when to strike its foes and which countries would be allowed to send troops to police the trucehe
  • "Israel is an independent state. We will defend ourselves by our own means and we will continue to determine our fate," Netanyahu said. "We do not seek anyone's approval for this."

Long-shot socialist Mamdani in touching distance of becoming NY mayor

New York, United States - An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...
  • Since his surprise victory in the Democratic Party primary in June, New Yorkers have become used to seeing his bearded, smiling face on television
  • The 34-year-old election frontrunner was born in Uganda to a family of Indian origin and has lived in the United States since he was 7, becoming a naturalized US citizen in 2018

China hails coming of ‘multipolar world’ ahead of key Trump-Xi talks to avert trade war

Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war...
  • Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war sparked by the sweeping tariffs announced by Trump
  • Speaking at a forum in Beijing on Monday, Wang Yi urged "an end to politicising economic and trade issues, artificially fragmenting global markets, and resorting to trade wars

Trump starts key Asian tour with deals ahead of China meet

Trump rewarded Cambodia and Thailand with trade deals after co-signing their ceasefire pact, and saying he was confident of a...
  • Trump met Qatar's leaders -- among the guarantors of the Gaza ceasefire deal he spearheaded -- during a refueling stop.
  • As he left Washington, Trump added to speculation that he could meet North Korean leader Kim Jong Un for the first time since 2019 while on the Korean peninsula.

Nigeria refinery aims to be world’s biggest with expansion

Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...
  • "We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote, a Nigerian businessman who is Africa's richest person.
  • The Dangote refinery has sparked monopoly fears as it becomes a powerful player itself.

US treasury secretary signals deal to ease trade war with China

Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their...
  • Scott Bessent said the US threat of a 100% tariff hike on Chinese goods had effectively been taken off the table in exchange for Beijing deferring curbs on its rare earth exports.
  • The secretary's remarks came as Trump kicked off an Asia tour in Kuala Lumpur that will culminate in a sitdown with Xi in South Korea.

Syrian leader to discuss sanctions, reconstruction in US visit: FM

Syria's president will discuss issues including lifting remaining sanctions, reconstruction and counter-terrorism when he becomes the country's first leader to...

Latest News

Trade truce in balance as Trump meets ‘tough negotiator’ Xi: ‘We’ll have a great understanding’

The world's two top economies' trade tussle -- encompassing everything from rare earths to soybeans and port fees -- has rocked...

Israel hits dozens of targets as Gaza sees deadliest night since truce

Gaza's civil defense agency said more than 100 people were killed, including many children, but both US President Donald Trump...

Syria attracted $28 bn in investment since Assad’s fall: president

Syria has begun the mammoth task of trying to rebuild its shattered economy, after over a decade of war saw...

Most Read

Trump says ‘nothing’ will jeopardize Gaza ceasefire after Israeli strikes kill 38 people

Trump defended Israel's actions on Wednesday, saying it "should hit back" if Israeli soldiers were killed, but added that "nothing's...
  • Prime Minister Benjamin Netanyahu ordered "powerful strikes" on Gaza, after his defence minister accused Hamas of attacking Israeli troops in Gaza
  • While Israel Katz did not say where the troops were attacked, Hamas said its fighters had "no connection to the shooting incident in Rafah" and reaffirmed its commitment to the US

Iran proposes regional currency to boost trade

Tehran, Iran -- Iranian President Masoud Pezeshkian on Tuesday proposed that Iran and its regional trading partners establish a shared...
  • Years of international sanctions, largely imposed by the United States over Tehran's nuclear programme, have severely weakened Iran's economy.
  • "Even a common currency could be adopted in the region to help promote economic development," he told a meeting with Tajik Interior Minister Ramazan Rahimzada.

OpenAI says a million ChatGPT users talk about suicide

San Francisco, United States -- Data from ChatGPT-maker OpenAI suggest that more than a million of the people using its...
  • estimated that approximately 0.15 percent of users have "conversations that include explicit indicators of potential suicidal planning or intent."
  • With OpenAI reporting more than 800 million people use ChatGPT every week, this translates to about 1.2 million people.