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Chinese AI firms form alliances to build domestic ecosystem amid US curbs Jul 28, 2025 12:55AM

SHANGHAI (Reuters) -China's artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets.

The announcements were timed to coincide with the three-day World Artificial Intelligence Conference in Shanghai ending on Monday.

The conference also showcased a slew of new products,... (continue reading...)


Russia's night attack on Kyiv leaves eight injured, including child, Ukraine says Jul 28, 2025 12:35AM

KYIV (Reuters) -A Russian overnight air attack on Kyiv wounded eight residents of an apartment building, including a three-year-old child, authorities in the Ukrainian capital said on Monday.

Four of those injured in the attack, which took place soon after midnight on Monday, have been hospitalised, with one person in serious condition, the head of Kyiv's military administration, Tymur Tkachenko, said on the Telegram messaging app. 

Kyiv's... (continue reading...)


Morning Bid: US and EU avert tariff bust-up Jul 28, 2025 12:31AM

A look at the day ahead in European and global markets from Gregor Stuart Hunter

We may be hearing a lot about the art of the deal this week.

With the U.S. tariff deadline bearing down on the global economy at the end of this week, it's the EU's turn to announce a trade deal with the White House, albeit one that is skewed in the U.S.'s favour.

The agreement lowers the baseline tariff on most European imports to 15% from the... (continue reading...)


Malaysia's economy projected to grow 4% to 4.8% this year, central bank says Jul 28, 2025 12:24AM

KUALA LUMPUR (Reuters) -Malaysia's economy is projected to expand by 4% to 4.8% in 2025, down from a previous forecast of 4.5% to 5.5%, its central bank said on Monday, warning that trade and tariff uncertainties could affect global growth. 

Headline inflation is expected to average between 1.5% and 2.3% this year, Bank Negara Malaysia said in a statement.

The central bank said the global economic growth outlook was affected by shifting trade... (continue reading...)


Ministers gather at UN for delayed meeting on Israel, Palestinians Jul 28, 2025 12:06AM

By Michelle Nichols

UNITED NATIONS (Reuters) -Dozens of ministers will gather at the United Nations on Monday for a delayed conference to work toward a two-state solution between Israel and the Palestinians, but the U.S. and Israel are boycotting the event. 

The 193-member U.N. General Assembly decided in September last year that such a conference would be held in 2025. Hosted by France and Saudi Arabia, the conference was postponed in June... (continue reading...)


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