UK government approves 4.1% rise in minimum wage for 2026
Minimum wage to go up to 12.71 pounds an hour from April 2026; Rates for younger workers and apprentices to rise 6.0-8.5%
Oil climbs after hitting one-month low; supply glut weighs
Brent, WTI add 0.4% after loss of over 1% in prior session
OpenAI projects 220 million weekly paying ChatGPT users by 2030, report
As of July, ChatGPT has about 35 million subscribers, around 5% of its weekly active users, placing the AI firm on track to rank among the world’s largest subscription businesses
Alphabet on pace to hit $4 trillion market value as AI gains momentum
Shares rise 4.1% to $331.7 in premarket trade, putting the company on track to cross the milestone at the open
Gold climbs to near two-week high on reinforced US rate cut bets
Spot gold rises 0.8% to $4,161.10 while U.S. futures slip 0.5% to $4,159.00 per ounce
Amazon pledges up to $50 billion to expand AI, supercomputing for US government
Project to add nearly 1.3 gigawatts of AI and high-performance computing capacity across AWS classified and GovCloud regions starting in 2026
Asia stocks rise as weak US data boosts Fed rate-cut bets
Stocks rise following third day of gains for S&P 500
Moscow, Beijing discuss ways to expand Russian oil exports to China
China and India lead Russian oil imports, with China importing 1.4 million barrels daily by sea and 900,000 bpd by pipeline since the Ukraine conflict began
Reports suggest Canada close to finalise uranium deal with India worth $2.8 billion
Deal for Canada to ship uranium to India would run 10 years if finalised, with supplies from Cameco as part of wider nuclear cooperation effort
Ethiopia volcano erupts after 12,000 years, disrupting flights across South Asia and Middle East
Ash cloud from Hayli Gubbi spreads over Red Sea and India, forcing airlines to cancel and divert routes
Gold hits one-week high as Fed remarks renew rate cut bets
Spot gold up 0.2% to $4,147.51, extending Monday’s 1.8% gain as U.S. futures rise 1.2% to $4,144.70
Oil steadies as oversupply concerns vie with Ukraine talks for investor focus
Brent slips 0.3% to $63.20 per barrel, while WTI edges down 0.2% to $58.71 in early trade
Asian stocks edge higher as US rate cut hopes rise
Tech stocks lead Asian shares higher; Yen stuck near 10-month low
RBI sells $7.91 billion to support rupee amid trade pressures
Indian central bank steps up interventions as currency hits record lows and trade tensions linger
Turkey, World Bank begin talks on up to $6 billion grid-upgrade financing
Ankara targets massive transmission overhaul as it pushes wind, solar and nuclear expansion