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Iran said Monday it is working to finalize a joint statement with Oman on a plan to manage the transit of ships through the Strait of Hormuz. Fully reopening the waterway to commercial shipping has been a key demand of the United States, but it remains unclear whether the deal will meet Washington’s criteria. The announcement came as the 60-day negotiating period to find a peace deal between the U.S. […]

By Indradip Ghosh BENGALURU, Aug 17 (Reuters) – The Federal Reserve will keep its key interest rate unchanged next month and through year-end, according to most economists in a Reuters poll, a view they have held for the past several months. Market pricing for a September quarter point hike flipped toward a near-70% chance of a hold, after recent news of unexpected job losses in July. Lower-than-expected consumer price inflation, […]

By Nailia Bagirova BAKU, Aug 17 (Reuters) – Long reliant on oil and gas exports, Azerbaijan is courting foreign investment in its small but growing technology sector with a series of reforms aimed at attracting tech companies and venture capital. The former Soviet republic has been heavily dependent on energy exports since it gained independence in 1991. At the height of the oil boom, hydrocarbons accounted for about three-quarters of […]

Aug 17 (Reuters) – Nasdaq and S&P 500 futures rose on Monday, boosted as a strong revenue forecast from AI leader Anthropic supported technology stocks, while investors weighed the prospect of fewer interest-rate hikes against Middle East tensions. Reuters reported on Friday that Anthropic, which is preparing for its IPO, forecast 2028 revenue of roughly $190 billion to $200 billion, according to two people familiar with the company’s financials. Most […]

DUBLIN, Aug 17 (Reuters) – Ireland’s police chief has warned that some young people are driving the wrong way on the motorway “for social media likes” following two head-on crashes near Dublin in recent weeks. The warning by the head of the Irish police force, Justin Kelly, came after five male teenagers died in a crash early on Sunday, seriously injuring three women and a child in another car who […]

By Mike Dolan Aug 17 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A relatively quiet week ahead kicks off today in the shadow of the first drop in U.S. retail sales in nine months last Friday, teeing up second-quarter results from Home Depot, Target and Walmart later in the week, another gauge of U.S. consumer spending. I’ll get into that […]

JERUSALEM (AP) — Mideast negotiator and Trump son-in-law Jared Kushner was meeting Monday with Israel’s Prime Minister Benjamin Netanyahu after the premier rejected the 15-point, U.S.-backed road map to move the truce deal forward in Gaza. In the latest round of meetings, the U.S. is angling for Israel’s approval of the road map. There is a lot at stake, including the lives of some 2 million Palestinians in Gaza, the […]

The deal that U.S. President Donald Trump signed at Versailles in June set an ambitious 60-day deadline for ending the war with Iran and reaching an accord on its nuclear program. The deadline was Monday, and the two sides are further apart than they were then. Talks, such as they are, have focused on reopening the Strait of Hormuz and lifting a U.S. blockade on Iran, both of which were […]

By Laurie Chen BEIJING, Aug 17 (Reuters) – AI and alcohol have three main similarities, according to Beijing bar owner Song De: hallucinations, bubbles and distillation. As AI enthusiasm sweeps across China, Song hopes his bar can ride the wave. He opened AGI Bar, named after the concept of artificial general intelligence where AI systems surpass human intelligence, last year in Zhongguancun, the capital’s high-tech neighbourhood in Haidian district. It […]