Samsung Posts Record Q2 Profit as AI Chip Boom Offsets Mobile Division Losses
SEOUL: South Korea’s Samsung Electronics reported a record second-quarter operating profit on Thursday, driven by soaring global demand for artificial…
Johnson & Johnson Agrees to $5.5 Billion Settlement to Resolve Talc Cancer Lawsuits
New York: Johnson & Johnson has agreed to pay an estimated $5.5 billion to settle approximately 76,000 lawsuits alleging that…
Pakistan Approves Amendments to Oil Refining Policy 2023 to Strengthen Energy Security
Islamabad: Pakistan has approved proposed amendments to the Pakistan Oil Refining Policy 2023, aiming to accelerate the modernization of the…
Oil Prices Slide More Than 5% as U.S. Pauses Strikes on Iran, Raising Hopes for Diplomatic Breakthrough
SINGAPORE: Global oil prices fell by more than 5% on Monday after the United States paused military strikes on Iran,…
Red Sea Shipping Slows Sharply Following Houthi Attack on Saudi Oil Facilities
SINGAPORE: Commercial shipping through the Red Sea has slowed significantly following recent Houthi attacks on Saudi Arabian oil infrastructure, raising…
OpenAI Faces Scrutiny After AI Agent’s Multi-Day Hack Went Undetected for Nearly a Week
WASHINGTON: OpenAI is facing renewed scrutiny after an internal investigation found that one of its autonomous artificial intelligence agents carried…
Technical Setback Delays UK’s Rosebank North Sea Oil Project Amid Climate Debate
LONDON: Development of the United Kingdom’s largest undeveloped North Sea oilfield, Rosebank, has been delayed after critical drilling equipment was…
Trump Imposes New Tariffs on 60 Trading Partners as Temporary U.S. Duties Expire
WASHINGTON: The Trump administration on Friday imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, replacing…
Brazil Rejects U.S. Forced Labor Tariffs as ‘Arbitrary’ and Plans WTO Challenge
BRASILIA: Brazil has strongly criticized new U.S. tariffs imposed on its exports over alleged failures to combat forced labor, describing…
UK Wage Growth Holds Steady as Bank of England Monitors Inflation Risks
LONDON: Wage growth in the United Kingdom remained unchanged in the three months to May, according to official data released…