Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom
Brent crude up 6 cents, U.S. WTI up 4 cents as prices remain steady at market open
EU hits Meta with antitrust probe over plans to block AI rivals from WhatsApp
EU Commission confirms probe into AI use on WhatsApp, marking latest action against Big Tech; Italy opened parallel probe earlier this year
China state-owned banks soak up dollars to slow yuan gains, sources say
Dollar buying follows yuan surge to 14-month high, with state banks intervening to stabilise its rise
World Bank warns developing nations as debt servicing gap hits $741bn, highest in 50 years
Interest payments reached new record of $415.4bn in 2024; bank urges governments to act amid tight financing and rising domestic debt reliance
India revokes order to preload cybersecurity app on smartphones after outcry
Decision marks rare policy reversal for Modi’s government; Congress questions legality; privacy groups oppose directive; Apple had declined to comply
Oil prices firm after Ukrainian strikes on Russian oil infrastructure, stalled peace talks
Brent crude rises 14 cents, or 0.22%, to $62.81; US West Texas Intermediate climbs 16 cents, or 0.27%, to $59.11 a barrel
Dollar weak with rate-cut enthusiasm intact, euro at 7-week high
Weak US data bolsters rate cut expectations; Euro the major winner amid dollar decline in 2025
Asia markets mixed, sentiment tepid as Fed looms
Fed expected to cut rates amid weak economic data; U.S. dollar hits five-week low, continues decline
Indian rupee hits record low above 90 against U.S. dollar amid weak flows
Sluggish trade, weak capital inflows and stalled U.S.-India talks keep rupee under pressure
Nvidia claims 10-fold AI model performance boost with new server
Nvidia says new AI server dramatically boosts model performance as competition from AMD and Cerebras intensifies
Gulf stock markets rise on oil gains as investors eye U.S. economic data
Rising oil prices lift Gulf equities as investors await U.S. economic indicators and Fed policy cues
US pauses all immigration applications from 19 non-European countries
List of countries includes Afghanistan Burma, Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen
Dell family to donate $6 billion to ‘Trump accounts’ of 25 million US children
Trump accounts to provide $1,000 Treasury-funded investment deposits for all children born 2025–2028 under new One Big Beautiful Bill Act
Stocks rise as slide in bitcoin, global bonds hit pause
Analysts say thinner liquidity may have contributed to Monday's selloff
OPEC+ members to undergo annual oil capacity audit under new plan, sources say
Consultants to be appointed to carry out capacity assessments; Saudi minister says OPEC+ meeting was one of most successful in his career