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Amazon surges as US stocks shrug off bond yield worries

Wall Street stocks charged higher Friday behind strong earnings from Amazon that offset the drag from higher US Treasury yields.

Oil giants report blowout profits on war, warn high gas prices could persist

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.

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LVMH says growth accelerates in second quarter

LVMH, the world's top luxury group, said Monday that sales growth accelerated in the second quarter as it beat analyst expectations with stable net profit in the first half of the year.

German govt vows to toughen laws after jihadist attack on Pride event

The German government on Monday pledged tougher security laws following a deadly vehicle and machete attack blamed on a known jihadist militant near Berlin's Pride parade.

UK funeral director faces jail over bodies left 'on racks'

A British funeral director faced prison Monday over a scandal that saw bodies left "stored on racks" and uncremated while relatives were handed other people's ashes, sparking calls for better regulation of the industry.

German authorities criticised after Pride attack

German authorities came in for criticism Monday for failing to prevent a deadly vehicle and machete attack on the weekend near Berlin's Pride parade, with the far-right AfD also demanding tougher action against Islamists.

German sports carmaker Porsche to cut 5,000 jobs by 2035

German luxury sports carmaker Porsche, a subsidiary of the Volkswagen Group, said Monday it would cut 5,000 jobs by 2035 as part of a strategic realignment to boost competitiveness.

Spain races to contain blazes before new heatwave

Spain has two crucial days in front of it to bring wildfires under control before weather conditions worsen, authorities said Monday, as Prime Minister Pedro Sanchez called on citizens to "exercise extreme caution" ahead of a new heatwave.

Oil prices slump as US and Iran pause strikes

Global stock markets rallied and oil prices tumbled Monday as the United States and Iran paused tit-for-tat strikes, at the start of a week packed with corporate earnings and central bank decisions.

Zelensky in UK for first meeting with Burnham

Ukrainian President Volodymyr Zelensky arrived in Britain on Monday to meet Prime Minister Andy Burnham, who used his first bilateral with a foreign leader to underline London's "unwavering support" for Kyiv.

AstraZeneca profit rises on strong cancer drug sales

British pharmaceutical giant AstraZeneca on Monday said net profit rose in the second quarter, driven once again by strong growth in sales of its cancer drugs.

Oil prices sink as US and Iran pause strikes

Global stock markets rallied and oil prices tumbled Monday as the United States and Iran paused tit-for-tat strikes, at the start of a week packed with corporate earnings and central bank decisions.

Philippines' Marcos says 'perhaps time to revisit nuclear energy'

Philippine President Ferdinand Marcos, who declared a national energy emergency this year, said Monday that nuclear power might hold answers for a country paying the highest electricity prices in the region.

France forest fire wanes ahead of new heatwave

Firefighters and water-bombing aircraft battled Monday to contain a wildfire in southwest France before a new spike in temperatures, with slightly less active fire fronts than the previous day.

Far-right Australian politician loses appeal in racism case

A popular far-right Australian politician failed on Monday to overturn a racial vilification finding that was handed down after she told a Muslim senator to go back to Pakistan.

Indonesia bank chief quits, adding uncertainty to struggling economy

Indonesia's central bank governor has resigned early, the government said Monday, deepening uncertainty as the country grapples with a weakening currency and other economic woes brought on by the Middle East war.

Vita Hydrokultur Opens £1.5m Series A Round to Scale Plant-Grown Skincare Ingredients

Vita Hydrokultur Group Ltd (VHK), the biotechnology manufacturing platform that develops and manufactures high-value, plant-derived bioactive proteins and botanical active ingredients, has announced the opening of a £1.5m Series A funding round to accelerate commercial scale-up and bring its plant-expressed ingredients to the global beauty and wellness industry.

Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.

Chinese chipmaker CXMT soars more than 500% on debut

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday, underscoring the impact of AI-driven demand on the semiconductor sector.

Oil prices sink as US-Iran pause fuels fresh Hormuz hopes

Oil prices tumbled Monday as a pause in tit-for-tat strikes between the US and Iran boosted hopes for a return to their ceasefire and negotiations on reopening the Strait of Hormuz.

Indonesia central bank chief steps down early: govt

Indonesia's central bank governor has resigned early as the country battles a weakening currency and other economic woes sparked by the Middle East war, the government said Monday.

New AI tools let readers talk to books

Imagine a world where you could ask a book a question as you read it.

Berlin mourns deadly Islamist Pride attack as police hunt for suspect

Germans on Sunday mourned a deadly Islamist attack near Berlin Pride, while police were hunting for a 21-year-old suspect in the latest ramming assault to shake Germany.

Urgent search for suspect after deadly 'Islamist terror' attack near Berlin Pride

German police on Sunday were hunting for the prime suspect in what authorities called an Islamist terror attack on the outskirts of Berlin Pride late on Saturday, which left one woman dead and 29 others injured.

South Africa's migrant exodus leaves employers short-handed

Zimbabwean farmworker Aaron Majatamhe was heading home at sunset after a shift in one of South Africa's top fruit-producing regions, where bushes laden with bright unpicked citrus stood in rows.

As Zimbabwe's raw lithium ban pays off, ambitions grow

Zimbabwe's first plant to process clean-energy metal lithium -- of which it is Africa's top producer -- is up and running, a milestone in its expanding drive to stop the wholesale export of its raw mineral wealth.

Will heatwaves push European holidaymakers to 'coolcations'?

European holidaymakers worn down by recurrent heatwaves are currently snubbing Mediterranean destinations for northern climes in hopes of cooler temperatures, but it remains to be seen whether it is just a fad or a durable shift in the tourism market.

German police hunt suspect after deadly car ramming near Berlin Gay Pride

German police searched on Sunday for a suspect believed linked to Islamist circles after a car ploughed into a crowd near Berlin's Gay Pride celebrations, killing one person and wounding 16 others.

US Federal Reserve expected to hold rates steady as inflation swirls

The US Federal Reserve is set to hold its second meeting under new chairman Kevin Warsh starting Tuesday, with markets expecting policymakers to keep interest rates steady amid inflation concerns that could be exacerbated by US President Donald Trump's renewed war on Iran.

Merz vows justice after deadly car ramming near Berlin Gay Pride event

German Chancellor Friedrich Merz vowed Sunday to punish those responsible after a car struck people near of Berlin's Gay Pride celebrations, killing at least one person and wounding 16 others.

Merz vows justice after deadly car attack near Berlin Pride event

German Chancellor Friedrich Merz vowed Sunday to punish those responsible after a car struck people on the outskirts of Berlin's Gay Pride celebrations, killing at least one person and wounding 16 others.

'Betrayal': The young victims of India's exam leak scandal

Growing up with a chronically ill mother in a remote village in India, Rema Begum aspired to become a doctor until her dream was cut short by her own tragic death.

'The Odyssey' sparks IMAX stampede -- and a backlash

Box office phenomenon "The Odyssey" by Christopher Nolan has been a powerful promotional tool for IMAX cinema technology, but it has also provoked a backlash online about its perceived elitism.

Paramount agrees to delay Warner Bros. merger

Paramount Skydance agreed on Friday to delay its $110 billion merger with Warner Bros. Discovery while a US lawsuit seeking to block the deal moves forward.

Dubai Telegraph - Economy (English)