A Thai F-16 fighter jet bombed targets in Cambodia on Thursday, both sides said, as weeks of tension over a border dispute escalated. Str | Afp | Getty ImagesA Thai F-16 fighter jet bombed targets in Cambodia on Thursday, both sides said, as weeks of tension over a border dispute escalated into clashes that have killed at least two civilians.Of the six F-16 fighter jets that Thailand readied to deploy along the disputed border, one of the aircraft fired into Cambodia and destroyed a military target, the Thai army said. Both countries accused each other of starting the clash early on Thursday.”We have used air power against military targets as planned,” Thai army deputy spokesperson…
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Oil giant TotalEnergies posts 23% fall in second-quarter profit on weaker crude prices Poster and logo on the Coupole Tower, compagny Total’s head office renamed TotalEnergies in 2021 in the La Defense business district west of Paris in Courbevoie, France on 7 June 2024.Antoine Boureau | Afp | Getty ImagesFrench oil giant TotalEnergies on Thursday reported a significant fall in second-quarter earnings, against a backdrop of lower prices for oil and liquified natural gas. The energy major posted second-quarter adjusted net income of $3.6 billion, reflecting a 23% drop from the same period a year earlier. Analysts had expected TotalEnergies’…
Bottles from the Spanish cooking and extra virgin olive oil brand Carbonell are seen displayed for sale at a supermarket.Sopa Images | Lightrocket | Getty ImagesSpain’s Deoleo, the world’s largest olive oil producer, says U.S. President Donald Trump’s threat to impose 30% tariffs on imports from the European Union could translate into higher prices for U.S. consumers — as well as limited access to a superfood staple.Trump has threatened to raise tariffs on the 27-member bloc from Aug. 1, in what would mark a steep jump from the current 10% duty.The EU has long been scrambling to reach a trade…
U.S. President Donald Trump holds an executive order related to AI after signing it during the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | ReutersU.S. President Donald Trump has vowed to keep “woke AI” models out of Washington and to turn the country into an “AI export powerhouse” through the signing of three artificial intelligence-focused executive orders on Wednesday. The phasing out of diversity, equity and inclusion (DEI) initiatives — an umbrella term encompassing various practices, policies, and strategies aimed at fostering a more inclusive and equitable culture — has been a major focus…
A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018.Brendan McDermid | ReutersThe private credit industry is ramping up its focus on Asia-Pacific, drawn by a combination of evolving capital markets and expanding funding gaps as traditional bank lending pulls back.The region is also fast emerging as a focal point for private credit investors seeking fresh opportunities outside of the more saturated markets of the U.S. and Europe, industry experts told CNBC.”Asia is undeniably emerging as a significant private credit growth hotspot,” said Nicholas Cheng, head of the private markets group at Standard…
BINZHOU, CHINA – JULY 11, 2021 – Senior citizens rest in Binzhou, East China’s Shandong Province, July 11, 2021.Cfoto | Future Publishing | Getty ImagesChina is planning to offer subsidy coupons to seniors in a rare use of direct fiscal support as Beijing seeks to ease the financial strain on its aging population and drive consumption of elderly-care services.The allowances will be paid monthly in the form of electronic coupons to cover part of the costs for seniors’ care services, according to a joint statement issued by the ministry of civil affairs and ministry of finance on Wednesday.Chinese policymakers have…
Illustration shows the logo of Deutsche Bank Brussels, Saturday 25 March 2023.Nicolas Maeterlinck | Afp | Getty ImagesDeutsche Bank on Thursday beat expectations on the bottom line, as mixed results at main units saw an uptick in its investment unit offset a dip in corporate operations.Net profit attributable to shareholders reached 1.485 billion euros ($1.748 billion) in the second quarter, compared with a 1.2 billion forecast from Reuters.The lender’s revenues over the period reached 7.804 billion euros, in line with a mean analyst forecast of 7.76 billion euros produced by LSEG.The firm’s core investment banking unit reported a 3% year-on-year…
The Lightyear app.LightyearSome of the biggest names of Estonia’s tech scene are backing Lightyear, a startup looking to become Europe’s answer to commission-free trading pioneer Robinhood.Based in London, Lightyear develops an app that lets users invest in a range of over 5,000 stocks, exchange-traded funds and money market funds. It was founded by two former Wise employees, Martin Sokk and Mihkel Aamer, in 2021.The company is set to announce later on Thursday that it has raised $23 million in a new round of funding led by NordicNinja, a Japanese-backed venture capital fund based in Europe. Estonian tech entrepreneur Markus Villig,…
Workers leave the Department of Education building during a rain shower in Washington, D.C., on Wednesday, May 21, 2025.Wesley Lapointe | The Washington Post | Getty ImagesEducation Dept. says it’s responding to court orderStudent loan forgiveness is paused for IBR borrowers because of court actions involving the Biden administration-era SAVE, or Saving on a Valuable Education, plan, the department said.Former President Joe Biden touted SAVE as the most affordable income-driven repayment plan in history, but its generous terms soon became a point of controversy for Republicans.In February, the 8th U.S. Circuit Court of Appeals sided with GOP-led states that sued…
The Trump administration in March said it was canceling $400 million in grants to Columbia University.Bruce Yuanyue Bi | The Image Bank | Getty ImagesColumbia University will pay $200 million to the federal government to restore the majority of funding that was cut by the Trump administration over allegations it violated anti-discrimination laws.”This agreement marks an important step forward after a period of sustained federal scrutiny and institutional uncertainty,” acting university President Claire Shipman said in a statement.The Trump administration in March said it was canceling $400 million in grants to the school, accusing it of “inaction in the face of persistent…
