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IN THE NEWS

Tesla shares fall as Musk touts ambitious -- and costly -- plans

Tesla shares fall as Musk touts ambitious -- and costly -- plans

Tesla reported weaker-than-expected quarterly profits on Wednesday despite increased auto sales, depressing shares in after-hours trading amid questions over massive capital spending plans.

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June heatwave cost UK economy more than £1bn: study

June heatwave cost UK economy more than £1bn: study

Britain's record-breaking June heatwave resulted in some 24 million lost hours of work, costing the economy £1.15 billion ($1.5 billion), according to an estimate released Thursday by the London School of Economics (LSE).

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2026 Fields Medals Awarded to Four of World's Top Mathematicians

2026 Fields Medals Awarded to Four of World's Top Mathematicians

The award, nicknamed the Nobel Prize of mathematics, recognizes outstanding achievement - and the promise of future achievement - by mathematicians under 40.

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Houthis claim Red Sea tanker strikes as US hits Iran again

Houthis claim Red Sea tanker strikes as US hits Iran again

Yemen's Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea on Wednesday, potentially opening a new front in the US-Iran war engulfing the region.

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Google-parent Alphabet beats expectations, cloud revenue nearly doubles

Google-parent Alphabet beats expectations, cloud revenue nearly doubles

Google's cloud business grew by more than 80 percent, the company said on Wednesday, which exceeded investor expectations who are looking for signs that the company's AI investments are paying off.

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Wildfires ravage parts of southern France, Italy and Spain

Wildfires ravage parts of southern France, Italy and Spain

Wildfires raged on Wednesday in Sicily, southwestern France and central Spain, sparking thousands of evacuations and claiming the life of an Italian firefighter.

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US announces civilian nuclear deal with Saudi Arabia

US announces civilian nuclear deal with Saudi Arabia

The United States on Wednesday announced a landmark deal with Saudi Arabia that would establish a civilian nuclear program in the Gulf country, with Washington insisting the agreement includes safeguards against non-proliferation.

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Alphabet beats expectations in second quarter, cloud revenue nearly doubles

Alphabet beats expectations in second quarter, cloud revenue nearly doubles

Google's cloud business grew by more than 80 percent, the company said Wednesday, exceeding investor expectations as markets look for signs that the company's AI investments are paying off.

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Tesla shares dip after profit misses expectations

Tesla shares dip after profit misses expectations

Tesla reported weaker-than-expected quarterly profits on Wednesday, citing a hit from lower vehicle prices despite increased auto sales.

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Trump threatens Iran infrastructure, Tehran vows 'eye for eye'

Trump threatens Iran infrastructure, Tehran vows 'eye for eye'

US President Donald Trump threatened Wednesday to destroy an Iranian bridge or power plant for every attack on shipping in the Strait of Hormuz, drawing an "eye for an eye" warning from Tehran as both sides sharpened threats in the escalating war.

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