2026

If the security situation worsens and Red Sea supplies are disrupted during August, refiners will have to replace those volumes with crude sourced from elsewhere. India’s crude oil imports from Russia may even touch a new record high of 3 million barrels per day if the shipment disruptions through Strait of Hormuz and even Red…

Microsoft’s push into artificial intelligence is beginning to show stronger returns, with the company reporting a sharp rise in cloud revenue and a growing base of paid AI users in its latest quarterly results.The technology giant posted revenue of $90 billion, or $4.81 per share, for the April-June quarter, an 18% increase from the year-ago…

Asian equities showed signs of stabilising on Thursday, but investors remained cautious after a turbulent week marked by a sharp AI-driven market sell-off, uncertainty over the US interest rate outlook and renewed geopolitical tensions that briefly sent oil prices soaring. Taiwan’s benchmark climbed 666.47 points to 40,705.65, up 1.66%, while South Korea’s Kospi gained 201.22…

Samsung Q2 results: South Korean technology giant Samsung Electronics has posted its highest-ever quarterly operating profit as the artificial intelligence boom continues to fuel demand for memory chips, especially those used in AI servers.Samsung reported an operating profit of 89.5 trillion won ($62 billion) for the April-June period, marking a more than 19-fold jump from…

Asian equities showed signs of stabilising on Thursday, but investors remained cautious after a turbulent week marked by a sharp AI-driven market sell-off, uncertainty over the US interest rate outlook and renewed geopolitical tensions that briefly sent oil prices soaring.Taiwan’s benchmark climbed 666.47 points to 40,705.65, up 1.66%, while South Korea’s Kospi gained 201.22 points…