Bloomberg

Apple raises MacBook and iPads prices to counter memory shortages

Apple raises Mac and iPad prices globally as soaring memory and storage costs driven by AI data-centre demand squeeze margins and disrupt supply

Alibaba Group slides to 16-month low amid Anthropic's AI accusations

Alibaba shares hit a 16-month low after Anthropic accused it of illicit AI model access, deepening concerns over China's AI ambitions and slowing growth

US inflation hits three-year high as consumer spending rebounds

US consumer spending rose in May despite the highest inflation in over three years, reinforcing expectations that the Federal Reserve may raise interest rates

Hormuz reopening quickly floods oil markets with supply, weighing on prices

An increase in crude shipments from the Persian Gulf, combined with weak Chinese demand and inventory releases, is putting downward pressure on oil prices worldwide

India set to approve Geely-backed investment of $370 mn as China ties thaw

The proposed investment by Horse Powertrain, backed by Geely and Renault, would support local production of advanced hybrid engines and powertrains

Google poised to lose two more senior AI researchers to Anthropic

The planned exits of two researchers linked to Gemini add to a string of recent departures that have raised concerns over Google's ability to retain top AI talent

US would reject Iran deal with shipping tolls on Hormuz: Trump warns Tehran

Iran sought to claim control of the strait after US and Israel launched strikes, denying passage to ships that hadn't been pre-authorised and effectively shutting down the waterway

Thailand, Philippines and Argentina primed as supply chain 'rising stars'

A new analysis says several Southeast Asian and Latin American economies are well positioned to attract investment as companies seek more resilient supply chains

IT weighting in Nifty drops to record low amid prolonged sector selloff

Indian IT firms hit their lowest Nifty 50 weight in over two decades as AI disruption fears and a sector-wide selloff erode market influence

El Niño set to further disrupt India's $300 bn agricultural supply chain

A prolonged delay in monsoon rainfall is disrupting kharif crop planting and raising concerns over agricultural output amid the emergence of El Niño conditions

Anthropic accuses Alibaba of 'illicitly' accessing Claude AI model

The AI startup told US officials that operators linked to Alibaba's Qwen lab used nearly 25,000 fraudulent accounts to access Claude's advanced capabilities

OpenAI, Broadcom unveil custom AI chip; Qualcomm to buy Modular for $3.9 bn

OpenAI unveiled its first custom AI chip with Broadcom, while Qualcomm agreed to buy Modular to strengthen its AI software and data-centre ambitions

TikTok developer ByteDance seeks $20 billion in its largest offshore loan

ByteDance is in talks to raise a $20 billion offshore loan, potentially its largest ever, as it ramps up investments in AI and infrastructure

Burnham's rival Jones steps aside, clearing his route to 10 Downing

Darren Jones ruled out a Labour leadership bid, leaving Andy Burnham on course to succeed Keir Starmer as UK prime minister by mid-July

Mamdani clout grows after his picks sweep New York City primaries

Mamdani-backed candidates won key New York Democratic primaries, signalling the growing clout of the mayor's progressive coalition

Weak rains push India extend emergency rule for Tata's Mundra power plant

India has extended emergency provisions to keep Tata Power's Mundra plant running through September amid fears of weak monsoon rains

State lenders plan $2 bn overseas borrowing under RBI concessional route

Small Industries Development Bank of India is in talks with the International Finance Corp. to raise as much as $1 billion in five-year and seven-year tenors

India asks farmers in rain-fed areas to shift to less water-intensive crops

The push by the farm ministry is part of a broader effort to prepare for the 2026 monsoon planting season after rainfall since June 1 has run 42% below normal

El Niño-driven heat, dryness may trigger severe haze in Southeast Asia

The developing El Niño, and the likelihood it will reach strong intensity later this year, is expected to raise temperatures and suppress rainfall in Southeast Asia

Meta's $900 mn Cred bet fuels hopes of turning WhatsApp into a super-app

The global tech firm announced this week that it will own 20% of Bengaluru-based Cred, which rewards people who pay their credit-card bills on time