WORLD
Saudi pipeline to bypass Hormuz hits 7 million barrel goal
Of the 7 million barrels a day that go through the pipeline, 2 million are destined for Saudi refineries.
WORLD
West Asia's top aluminum maker says main smelter damaged in Iran strike
Emirates Global Aluminium is the region’s biggest aluminum producer and a major supplier to global markets
WORLD
Airbnbs are topping $6,000 a night in World Cup housing frenzy
One six-bedroom Airbnb Inc. property in Princeton, New Jersey, is offered at roughly $6,000 a night during the World Cup, about 140% higher than its price a year ago
WORLD
France probes attempted attack near BofA headquarters in Paris
Suspects attempted to detonate an explosive device near the office, the anti-terrorism prosecutor’s office said. One person is being held in custody.
WORLD
Iran war has dented China's global ambition. Ex-US diplomat explains how
I think they look like a fickle friend to both the Iranians and also the Venezuelans, said veteran American diplomat Nicholas Burns
WORLD
How Asia’s air travel crisis risks spreading on Iran war’s jet fuel squeeze
The amount of jet fuel lost because of the conflict is ultimately too much for the world’s refiners to offset
INDIA
India plans 100 airports, 200 helipads to boost connectivity
India has more than doubled its airport count to over 160, from 74 in 2014, PM Modi said.
WORLD
Houthis enter West Asia war as Iran retaliates over nuclear site attacks
The Yemen-based Houthis, who are supported by Iran, said they would continue operations until US-Israeli attacks on the Islamic Republic and its proxy militant groups, including Hezbollah in Lebanon, cease
INDIA
Another two India-bound LPG tankers exit Gulf through Hormuz
The India-flagged BW Tyr and BW Elm, laden with cargoes of the cooking fuel, last indicated their position past the northern tip of the Omani peninsula
INDIA
New $1 billion Noida airport to test India’s buildout boom
Landowners are rushing to put up dummy houses to inflate valuations, leaving behind piles of bricks and debris
BUSINESS
Dip-buyers arrive to pull gold back from brink of a bear market
Gold prices have fallen by 15% this month, creating a test of faith for gold bulls.
BUSINESS
KPMG plans to cut hundreds of jobs in auditing division
Impacted employees were informed that they could be laid off, subject to a redundancy consultation, according to a memo to staff seen by Bloomberg News.
WORLD
Indonesia starts first Southeast Asia social media ban for kids
There has been mounting alarm over cyberbullying, pornography, online fraud and compulsive screen use in a country where social media has become deeply embedded in daily life and where about 70 million people are under the age of 16.
MARKETS
Wall Street reels as Iran war shatters its portfolio defenses
The Nasdaq 100 fell 1.9% on Friday alone and sank into correction; the S&P 500 slipped for a fifth week, capping its longest losing streak since 2022; bonds fell, pushing the benchmark 30-year yield towards 5%; and Bitcoin is at about half its pre-war peak.
WORLD
US, Israel hit Iran’s nuclear facilities as Tehran attacks Gulf
Publicly, Iranian officials remain defiant and said Trump is backing down from threats in order to lower energy prices.
CRYPTOCURRENCY
Bitcoin slumps with options showing traders turning defensive
The original cryptocurrency fell as much as 4.3% to $65,997, the lowest since March 9
WORLD
Microsoft set for worst quarter since 2008 as AI fears converge
Although Wall Street remains optimistic that it will emerge as a long-term winner from AI, Microsoft still has to keep up with the hyperscaler spending race, a posture that could complicate any near-term sentiment reversal.
MARKETS
US stocks drop, Nasdaq 100 falls into correction as oil climbs
The S&P 500 Index dropped 0.6% as of 9:45 a.m. in New York, on course for its fifth weekly decline, the longest streak since 2022.
WORLD
Iran shifts grain imports to Gulf of Oman with Hormuz locked up
Iran’s Shahid Beheshti port in Chabahar, on the Gulf of Oman, has seen crop shipments rise to more than 120,000 tons this week, according to data from ship tracker Kpler
WORLD
Bill Gates adviser served as conduit to Epstein, discussed ‘nudes,’ ‘hot girls’
Gates has worked to downplay his relationship with the convicted sex offender since their ties came to light in 2019
BUSINESS
Pernod, Jack Daniel's maker Brown-Forman are in merger talks
The family owners of both companies will likely both roll large stakes into the new company, with a deal still a few weeks away, the people familiar with the matter said.
BUSINESS
Musk rips Twitter verdict, claims jury's $4.20 'joke' mocked him
The jury found Musk misled the investors in 2022 when he tweeted that Twitter — now called X — had too many fake accounts and then tried to back out of his $44 billion offer to buy the company.
BUSINESS
Claude AI maker Anthropic considers IPO as soon as October
The maker of the popular Claude chatbot has had early discussions with Wall Street banks about taking leading roles on a potential listing.
WORLD
Malaysia says Iran has allowed some of its ships through Hormuz
Malaysia is a significant oil and gas producer, but it also imports crude from the Middle East and is heavily dependent on the Strait.
