Apple to invest $100 billion in U.S., raising total commitment to $600 billion
Major investment boost focuses on U.S. manufacturing, job creation, and production of key components like semiconductors and glass
Global natural disaster losses hit $135 billion in first half of 2025
Swiss Re reports $80 billion of the losses were insured; wildfires account for 7% of total natural catastrophe claims
India-US spat over trade and Russian oil purchases threatens wider fallout
Indian opposition and public urge Modi to resist what they see as Trump’s bullying; bilateral ties are at their lowest since US sanctions after India’s 1998 nuclear tests
Trump’s higher tariff rates hit goods from major US trading partners
Higher tariffs likely to impact global supply chains and inflation; Several major trading partners secure reduced tariff rates
Oil prices rise on US demand strength, though sanctions uncertainty remains
US crude inventories fall by 3 million barrels, exceeding expectations; Investors cautious due to potential US-Russia summit and potential tariffs on India, China
Trump says US will levy 100% tariff on some chip imports
President says tariffs to target non-US chip producers, excludes those building in America; Chip tariffs may impact China, SMIC, Huawei products
Trump doubles tariffs on India over Russian oil imports
White House links energy trade to Ukraine war as US-India ties hit new low
Honda reports 50% drop in Q1 profit, raises full-year forecast despite tariff impact
Stronger yen and U.S. tariffs weigh on Honda's quarterly results, but revised forecast signals optimism for the year
OpenAI eyes $500 billion valuation in potential employee share sale, source says
$500 billion will be eye-popping bump-up from OpenAI’s current valuation of $300 billion; Tech giants competing intensely to recruit and retain AI talent
India holds rates as expected but flags risks from US tariffs
New Delhi faces 25% tariff on its shipments to the US; President Trump also warned of "very substantial" additional levies due to oil imports from Russia
Oil prices rebound from 5-week low on Trump threats on Russian crude buyers
Brent and WTI futures rise 0.4% to $67.93 and $65.44 a barrel, respectively; OPEC+ plans September output hike of 547,000 barrels per day
Two Chinese nationals in California accused of illegally shipping Nvidia AI chips to China
Two Chinese nationals in California were arrested and charged with illegally shipping tens of millions of dollars' worth of AI chips to...
Asian shares track Wall Street lower, dollar rangebound
U.S. services sector activity unexpectedly flatlined in July; Second-quarter earnings results also revealed pressure from Trump's tariff wars
FTSE edges higher as earnings cheer offsets U.S. data jitters ahead of BoE decision
Upbeat results from Diageo, Smith+Nephew, and BP lift market sentiment, while investors brace for rate cut amid weak UK orders and U.S. tariff uncertainty
Trump threatens steep tariff hike on India over Russian oil imports
U.S. president accuses India of “fuelling the war” in Ukraine, as New Delhi defends purchases amid global oil market concerns