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Business

Essar Announces $18 Billion U.S. Steel Manufacturing Investment

Essar Group is making a major return to the steel industry with an $18 billion investment in the U.S. through its American subsidiary Mesabi Metallics. The project includes a $15 billion integrated steel complex in Iowa and a $3 billion iron ore mine and pelletizing facility in Minnesota. U.S. President Donald Trump announced the plan, highlighting job creation and strengthening domestic steel production.

Hindu World·3h ago

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Business

Reliance Issues ₹12,000 Crore Bonds at 7.9% Coupon

Reliance Industries is proceeding with a ₹12,000 crore bond issue offering a 7.9% coupon rate. Meanwhile, Sagarmala Finance canceled its bond sale due to bids exceeding its target interest rate. Adani Airports raised ₹1,000 crore at 8.96% for three years. Several firms, including Sidbi, withdrew bond auctions amid rising borrowing costs.

Economic Times·59m ago

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Technology

Bluesky Faces Outage with 'Upstream Timeout' Errors

Bluesky users experienced access issues on Tuesday due to an outage, with many encountering 'upstream timeout' errors while trying to use the social media platform. The problem affected a significant number of users, disrupting normal activity on Bluesky during the reported downtime.

HT World·1h ago

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Politics

White House Urges Saudi Arabia and UAE to Unite Against Houthis in Yemen

The White House has privately urged Saudi Arabia and the United Arab Emirates to overcome their differences and collaborate against the Iran-aligned Houthis in Yemen. This call follows significant Houthi gains along Yemen’s western coast and near the Bab al-Mandab strait. Proposed cooperation may include a unified military command involving UAE-trained Southern Giants Brigades. The Saudi-UAE rift, worsened after clashes between Saudi-backed and UAE-aligned forces, complicates the anti-Houthi effort.

News18 World·37m ago

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Politics

US Supreme Court Permits Trump's Third-Country Deportations

The US Supreme Court has allowed the Trump administration's policy of deporting around 25,000 people to over two dozen countries, including Liberia and Guyana. Most deportees have been sent to Mexico under a series of often-secret agreements. This ruling upholds the controversial third-country deportation practice initiated during Trump's tenure.

NDTV World·59m ago

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Technology

OpenAI DevDay 2026 Unveils Codex Cloud and New AI Plugins

At OpenAI DevDay 2026, OpenAI introduced several new products and upgrades beyond GPT-6.0 Sol and Dots. Key highlights include Codex Cloud, enabling users to run Codex on any device with reusable development environments and shared setups. The update supports Pro, Business, Healthcare, Education, and Enterprise plans. Additional features include a refreshed Codex CLI with voice control and new agents to simplify task delegation and automation.

Firstpost Tech·55m ago

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