Iran war severely curtails transit across vital strait, forcing oil firms to seek ways to limit Tehran's control over shipments. The Financial Times reports the three-month-old conflict has disrupted trade.

Server company pulls forward financial targets by two years after Q2 earnings beat, citing AI demand

A server and networking company pulled forward its long-term financial targets by two years after reporting second-quarter earnings that exceeded Wall Street expectations, citing strong demand from customers transitioning to artificial-intelligence tools.

Independent horror film 'Backrooms' shocks Hollywood with $82M opening weekend on a $10M budget, directed by 20-year-old YouTube star Kane Parsons.

Independent horror film "Backrooms" earned $82 million in its opening weekend, surprising Hollywood. The film, with a $10 million budget, was directed by 20-year-old YouTube star Kane Parsons.

India poised to announce measures this week to attract foreign investment, reduce taxes and remove caps on bond ownership, Bloomberg reports.

India is expected to announce measures this week to boost foreign investment by lowering taxes and easing bond ownership caps, according to Bloomberg.

BOJ's Ueda signals greater concern over upside inflation risks than downside economic threats

Bank of JapanUeda said that while the BOJ is mindful of downside risks to the economy, it must be more mindful of upside inflation risks materializing and inflicting a negative impact on the economy.