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India's Chemicals and Fertilizers Minister J P Nadda chaired a CEO roundtable on Monday, emphasizing the goal of growing the chemicals sector to USD 1 trillion by 2040. Industry leaders called for financing support, trade remedies, R&D backing, and policy reforms, while the government committed to an institutionalized dialogue.
New research analysing bank card transactions in three Australian cities shows spending falls sharply on extremely hot days, with life shifting to evening hours. As temperatures rise, researchers argue cities must stay open later to adapt, citing examples from Dubai to Seoul.
According to the Henley Passport Index, South African passport holders can travel to 101 destinations without a prior visa. The ranking places the country 50th or 96th globally, depending on the report, with regional highlights across Africa, Asia, the Americas, and the Caribbean.
Iran's Persian Gulf Strait Authority has blacklisted 45 tankers for violating transit rules, warning of fines, detention, and cargo confiscation, and threatening action against vessels involved in ship-to-ship transfers with the listed ships. The move escalates tensions with the U.S., which has threatened new sanctions, amid a conflict that has sharply reduced traffic through the key waterway.
Asian shares mostly declined at the start of a week dominated by bond-market pressure, Iran sanctions, and the Jackson Hole symposium. US futures were lower, while oil slipped. Reports varied on index levels, but the 10-year Treasury yield eased from recent highs after the Treasury's surprise buyback increase.
Hanmi Pharm has entered an exclusive licensing agreement with Genentech, a Roche Group member, to develop and commercialize HM17321, a novel obesity treatment. The deal, valued at up to $2.3 billion, covers worldwide rights except South Korea. HM17321 is designed to preserve muscle mass, a potential advantage over existing GLP-1 therapies.
Hyundai Motor's union has resumed wage talks with management after staging its first full-day strike in ten years, with around 40,000 workers walking off the job. The negotiations, which resumed Monday, come amid union demands for higher pay and benefits, set against concerns over job security as AI transforms the industry.
Canada's Little Mountain Baseball from Vancouver kept its Little League World Series hopes alive with a 3-2 extra-inning win over Panama on Monday. Meanwhile, four teams remain undefeated in the tournament, and the MLB announced the 2027 Little League Classic matchup.
India's mutual fund industry has grown at a 17.1% CAGR over five years, more than double the global rate, according to the AMFI-Crisil Factbook 2026. However, AUM remains only 13.7% of GDP versus a global average of 64.7%, indicating headroom. The investor base is broadening with SIPs, passives, and smaller cities gaining ground.
Alibaba Group Holding has raised HK$80 billion (US$10.2 billion) through a new share placement priced at HK$112.70 per share, an 8.4% discount to Friday's close. The offering, aimed at funding AI development, drew strong demand but sent shares down as much as 10% in early Hong Kong trade.
South Korea's arms procurement agency has introduced formal guidelines for domestic defense firms to access NATO military standards, streamlining a previously case-by-case process. The move aims to support growing arms exports to NATO members amid European rearmament.
Steven Alker defeated Y.E. Yang in a sudden-death playoff to win the Rogers Charity Classic in Calgary, his second PGA Tour Champions victory of the season. Alker closed with a 5-under 65 to match Yang at 16-under 194, then birdied the 18th hole to secure the win.
Wyndham Clark overcame a shaky final round, surrendering a five-shot lead before birdieing the last three holes to win the BMW Championship by three strokes. The victory, his third of the season, moves him to No. 3 in the FedEx Cup standings ahead of the Tour Championship.
India’s first commercially produced matcha was sold at the Guwahati Tea Auction Centre on July 3, coinciding with Japanese PM Sanae Takaichi’s visit to India. The tea, made from a locally grown Assam cultivar and processed with Japanese machinery, marks a milestone for the country’s tea industry and opens new export possibilities.
In 2026, two micro-budget films—Hollywood horror Obsession and China's animated Niu Lai—have become major theatrical sensations, with Obsession crossing $500 million worldwide and Niu Lai turning online mockery into box office success. Their rise highlights the enduring power of word-of-mouth and originality in an era of blockbuster franchises.
President Donald Trump is considering a new 7.5 percent tariff on Chinese goods over excess manufacturing capacity, according to multiple reports citing people familiar with the deliberations. Officials view the rate as calibrated to preserve a trade truce and a planned late-September meeting with Xi Jinping. The step follows a Supreme Court ruling against earlier reciprocal tariffs and comes amid wider U.S. duties that Asian economies have largely accepted without retaliation.
Tata Steel's Llanwern plant in South Wales is operating at about half capacity as a surge of cheap galvanised steel imports from Asia, aided by increased tariff-free quotas, undercuts UK production. Workers face downtime, and union leaders warn of job losses and risks to the company's planned electric arc furnace transition at Port Talbot.
Rangers are expected to complete an £8.5million move for Girona winger Kim Min-su within 24 hours, with the versatile South Korean set for a medical and possible debut against Aberdeen. However, Min-su faces mandatory military service unless he secures an exemption, with limited routes available in the near term.
Nomura's analysis indicates AI has created more jobs than it has destroyed in India so far, but a significant decline in entry-level hiring highlights a growing squeeze for freshers. Surveys and staffing data reveal a K-shaped labor market, with junior roles most affected.
South Korea's retail investors, known as 'ants', are grappling with severe losses after the Kospi's dramatic decline, sparked by the introduction of single-stock leveraged ETFs. The market turmoil has hurt President Lee Jae Myung's government and raised questions about regulatory oversight.