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Bengaluru -- The International Atomic Energy Agency on Monday said it could confirm recent military strikes near Iran's Bushehr nuclear power plant, but that the facility itself was not damaged. The UN atomic watchdog said that the confirmation was based on its independent analysis of new satellite imagery and detailed knowledge of the site, adding that one strike had hit only 75m from the site perimeter. Last week the agency had said it had been informed by Iran about a projectile striking cl ...Read More >
New Delhi/Bengaluru -- Oil prices were little changed on Tuesday as investors weighed the possibility of US President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18c, or 0.16%, to $112.96 a barrel at 4.38am GMT after dropping 1% earlier in the session. The May contract expires on Tuesday, while the more active June contract was at $107.10. US West Texas Intermedia ...Read More >
Bengaluru -- Aluminium prices surged to four-year highs on Monday as Iranian air strikes on two major Middle East producers over the weekend raised the risk of a prolonged supply shock. Benchmark aluminium on the London Metal Exchange was up 4.7% to $3,453 a tonne at 10.48am GMT. Prices of the metal used in the transport, construction and packaging industries touched $3,492 earlier in the session. The US-Israeli war on Iran and resulting closure of the Strait of Hormuz have already restricted ...Read More >
Bengaluru -- Orbital compute infrastructure start-up Starcloud has raised $170m at a $1.1bn valuation as companies including Elon Musk's SpaceX and Jeff Bezos' Blue Origin race to move power-hungry AI data centres off-planet. Led by Benchmark and EQT Ventures, the fundraise underscores surging investor appetite for space infrastructure bets as massive AI computing requirements strain terrestrial energy grids and data centre capacity, even as space-based systems offer access to near-continuous s ...Read More >
New Delhi -- Amazon on Monday said it has helped Indian sellers surpass $20bn in total exports, including nearly $7bn this year, as small operators work to offset the impact of new US import tariffs that were imposed in August. The company said it remained confident in its long-term growth and set a new target of reaching $80bn in exports by 2030, driven by rising global demand for cosmetics, toys, furniture and apparel. Thousands of Indian artisans and small businesses were affected after the ...Read More >
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