The US Central Command acknowledged the strike on the vessel saying...
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Dark fleet expands amid Hormuz tensions
The increase in Gulf producers’ ships going dark to sneak through...
US-Iran strikes threaten peace talks
President Donald Trump said he retaliated against the Islamic...
Geopolitical and AI-related risks among top concerns for directors and officers worldwide:Willis
Artificial intelligence has seen a significant increase in the proportion of respondents ranking it as a very or extremely important risk (up 5% to 56% of respondents globally). LONDON: 59% of directors and officers now consider geopolitical risks to be very important...
US says it struck Iranian military sites, Tehran responds with air base attack
The strikes on Iran's Gulf coast were in response to "aggressive Iranian actions that included the shootdown of a U.S. MQ-1 drone that was operating over international waters," the U.S. Central Command said in a post on X. DUBAI: The U.S. said it struck Iranian...
Trump ends Situation Room meeting without announcement; WH says ceasefire deal must “satisfy red lines”
"The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran...
Iran, US reach deal to extend ceasefire, lift restrictions on shipping through Hormuz, pending Trump’s approval
According to four sources familiar with the matter, the agreement would extend the truce for another 60 days and allow traffic to flow through the strategic waterway while negotiators tackle difficult issues such as Iran's nuclear program. WASHINGTON/CAIRO: The United...
Global temperatures to reach near-record highs in next five years, report finds
"There's very clear evidence that the climate is warming and that the global average temperature is continuing to rise," Melissa Seabrook, a research scientist at the UK Met Office. Average global temperatures are forecast to reach near-record levels in the next five...
Wealthy families cut dollar exposure, survey finds
"For the first time, we are feeling that family offices want to build up in Asia Pacific and, to a certain degree, also in Western Europe," UBS executive Benjamin Cavalli said. "That mainly affects family offices outside the United States, but we are also seeing...
Trump says Iran and Oman will not control Strait of Hormuz, deal remains elusive
Trump's comments came after Iranian state TV reported that it had obtained an unofficial draft of an agreement that would restore commercial shipping through the strategic waterway to prewar levels within a month, with Iran and Oman jointly managing traffic. That...
US launches new strikes as talks stall,Iran says strikes violate ceasefire
Marco Rubio,U.S. Secretary of State Following strikes against targets that the U.S. said included boats attempting to lay mines and missile launch sites, U.S. Secretary of State Marco Rubio told reporters on his plane in India's Jaipur that the Strait of Hormuz had...
Private credit losses could hurt insurers more than banks, ECB warns
Private credit has been rattled in recent months by concerns about overspending on artificial intelligence, the technology’s disruptive power notably as regards the software industry and doubts over lending standards.The ECB said that the upstart industry in isolation...
OpenAI’s Altman says AI unlikely to trigger ‘Jobs Apocalypse’
Sam Altman,CEO,OpenAI Sam Altman said he and his executives had been “roughly right” on the technological predictions made by OpenAI when it launched ChatGPT in 2022. But he said they were “pretty wrong” on the social and economic implications. OpenAI CEO Sam Altman...