Global Commodity Financial News

HDFC Bank Ltd. reported better-than-expected results on the back of strong loan growth at India’s largest private sector lender.

Maybe it really is a threat to work.

Everyone knows that new technologies can be really disruptive to the labor market, but eventually new jobs emerge and things come back into balance. And there is a sense in which many view AI with the same lens. Yes, there will be pain in some sectors, but then there will be productivity gains and new sources of demand and new opportunities for labor that we can’t conceive of yet. But could it be different this time? Could AI be disruptive in a manner that, say, the steam engine was not? On this

President Donald Trump said a deal with Iran to end the seven-week war may be imminent though disagreements remain, with Tehran pushing back against US claims that it had agreed to give up its enriched uranium.

Deutsche Lufthansa AG’s 100th anniversary bash this week had all the elements of a picture-perfect party. The sun was out, flight attendants in polished vintage uniforms greeted guests, and Chief Executive Officer Carsten Spohr beamed on stage with German Chancellor Friedrich Merz.

Bangladesh said it will continue negotiating with the International Monetary Fund on key reforms the IMF has set as conditions for the balance of a $5.5 billion loan, with Finance Minister Amir Khosru Mahmud Chowdhury holding meetings in Washington with the global lender’s officials.

More crude oil and gas carriers have begun to test the Strait of Hormuz on Saturday, even as mixed messages from Iranian authorities leave shipowners fretting over the status of the vital energy chokepoint.

Russia said an overnight fire was extinguished at a port in the Vysotsk region on the Baltic Sea after Ukrainian drone attacks, while a Kremlin strike on Ukraine’s north left 380,000 users without power.

The UK economy and London’s relationship with Washington have taken significant blows that are likely to reverberate for months.

Australia’s fuel reserves rose in the past week and more is on the way, Energy Minister Chris Bowen said, easing concern of shortages in the import-reliant country.