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Iran and Oman Near Landmark Deal to Manage Strait of Hormuz
Iran and Oman are close to agreeing on joint management of the Strait of Hormuz, media have reported...
Apple forecasts slower growth as AI build-out strains tech supply chains
Smartphone revenue rose more than a fifth as rivals struggle
Saudi Arabia announces maritime defence coalition as Houthi attacks threaten Red Sea route
Fourteen countries, including Pakistan, Turkey, Egypt and Sudan, vow to protect shipping and energy supplies
Amazon shares surge higher after cloud business grows 37%
Capital expenditure across the group climbed to $53bn in the quarter ending in June
‘Yolo caucus’ members jeopardise Blanche’s confirmation as US attorney-general
Move marks latest instance of some Republican senators standing up to Donald Trump
Ferrari profits boosted by AI wealth and hyper-personalisation boom
Custom services set to account for as much as 20% of revenue, Italian luxury-car maker says
Fifa not ‘selling the World Cup’ in $20bn commercial plan, says adviser
Greg Maffei defends contentious proposal he helped shape as body’s move to bring in outside investors is hit by backlash
Chinese stocks on track for worst month in decade
Investors pull out of ‘picks and shovels’ suppliers to AI boom
Hedge funds raise bets against US-backed critical minerals companies
Short sellers increase wagers amid concerns that rally had run too far
Global surge in copper theft snares telecoms and trains
High prices tempt organised crime to target the metal in power and telecoms lines globally
Digital avatar of Jair Bolsonaro tests Brazil’s AI election rules
Lawyers for former president insist he did not authorise the projection following legal challenge from leftwing groups
Qualcomm posts shrinking sales and profits as rising costs hit smartphone sales
Net income fell 25% as higher memory chip prices hurt device business
Microsoft’s cloud business boosts sales as AI investment climbs to $41bn
Revenue in the tech group’s intelligent cloud segment surges 32% to $39.3bn