Bloomberg

US launches rescue for F-15 crew after fighter jet downed in Iran

The first known combat loss of a US fighter jet would mark a significant escalation in the five-week war that already has triggered a global energy crisis

First LNG tanker exits Strait of Hormuz along Omani coast since war

LNG ships have avoided Hormuz since the conflict broke out on Feb. 28, disrupting about a fifth of the world's supply of the fuel

Israel reopens largest gas field after West Asia war shut it for a month

Israel had ordered the temporary shutdown of some gas fields as a security measure after the conflict broke out on Feb 28

RBI's measures can delay the slide, but may not steady the rupee at 93

RBI faces a tough trade-off between defending Rupee and supporting growth, as oil shocks and global pressures make balancing exchange rate stability and domestic interest rates increasingly untenable

US allies working on plan B for Strait of Hormuz if Trump walks away

Virtual meeting of around 40 nations showed the coalition of countries deem it necessary to begin preparations for having to reopen the strait without the US

SpaceX targets more than $2 trillion valuation ahead of record-breaking IPO

At more than $2 trillion, SpaceX's valuation would increase by nearly two thirds in a matter of months

Trump to impose up to 100% tariffs on imported drugs with some exemptions

Duties for products made by certain larger companies will take effect in 120 days, while items from smaller manufacturers won't be hit for another 180 days, according to a White House statement

Nasa astronauts on track to moon after Orion engine burn for lunar flyby

Known as the translunar injection burn, this step had little room for error in order to put Orion on the correct trajectory for the 10-day mission to lap the moon

Hegseth asks US Army Chief Gen Randy George to step down: Pentagon

The move comes as the US and Israel continue a war against Iran, a mission that has recently seen the US send thousands of troops into the region for a possible ground operation

Trump warns Iran to strike a deal 'before it is too late' as war deepens

Earlier Thursday, Iran's semi-official Fars news agency reported that airstrikes had hit numerous targets, including a bridge connecting Tehran to the city of Karaj

Microsoft aims to develop large cutting-edge AI models by next year

Microsoft is assembling the com- puting horsepower to build more broadly capable models, Suleyman said

US trade deficit widens to $57.3 billion in February, below forecast

The median estimate in a Bloomberg survey of economists called for an almost $61 billion deficit

China drains cash from economy in rare move during oil price shock

Taken together, commercial banks likely recorded their first net repayment of PBOC loans since last May, according to Bloomberg calculations based on official data

Centre, RBI aligned on curbing currency speculation amid rupee fall

State-run banks should refrain from speculative positions in offshore markets when the rupee is under pressure, a person familiar with the matter said

RBI trading ban jolts India's $149 billion-a-day offshore rupee market

RBI has rolled out some of its toughest measures in more than a decade to curb speculation and support the currency, which has been setting successive record lows this year

CFTC settles FTX case; ex-engineering chief Nishad Singh to pay $3.7 mn

Nishad Singh was one of the top executives who testified against Sam Bankman-Fried, the co-founder of the once high-flying crypto exchange that imploded in 2022

China must ease digital barriers to attract more foreign tourists

Last month, nine government bodies led by the Commerce Ministry introduced new policies to woo overseas visitors

Trump admin set to roll out tiered tariffs on steel, aluminium imports

US plans 50% tariffs on many derivative goods, based on import value while others will face 25% duties, with some products taxed at even lower rates

Venezuelan crude exports surge to 6-year high as India fills China gap

Indian refiners, including Reliance Industries Ltd, Hindustan Petroleum Corp and Indian Oil Corp have purchased a combined 343,000 barrels a day for loading in March

Democratic leaders sue to challenge Trump's mail-in ballot limits

Top Democrats order issued Tuesday by the president "dramatically restricts the ability of Americans to vote by mail, impinging on traditional state authority