Page 116 - Bloomberg

UK unveils defence strategy embracing AI, drones, nuclear capabilities

The new defense strategy warns that the threats the UK faces "are more serious and less predictable than at any time since the Cold War

Govt to open EV making policy with duty cuts to lure global manufacturers

The policy offers to slash duty to 15 per cent on any imported electric car priced from $35,000 if they invest at least ₹4,150 crore, or about $500 million, to set up a local plant within three years

Philippines eyes India, Thailand rice to reduce reliance on Vietnam

The agriculture department is in talks with private importers on purchases from producers like India, Pakistan, Cambodia and Myanmar

Highways baking at 70 degrees C hint at scorching summer across China, US

Weeks before the official start of the Northern Hemisphere's summer, signs are emerging that the coming months will be blistering in North America, Europe and Asia

UK to build more submarines, boost warhead spend in message to Moscow

Monday's review comes after a period of underinvestment in the country's defence industry that has seen the size of the UK army shrink to its smallest since the Napoleonic era

Japan firms to face fines if they fail to protect workers from heat waves

Businesses will face potential penalties including fines of 500,000 yen ($3,475) if provisions aren't sufficient

US remittance tax to revive hawala, hand cartels a financial lifeline

The remittance tax risks reviving hawala networks, making it easier to fund drug and human smuggling, as criminal syndicates step in to exploit informal money transfer systems once again

$84 bn short book putting pressure on rupee, Asia's worst performer

The Reserve Bank of India had dollar repayments near a record high of $84.3 billion as of March as indicated by its net short forwards position

Stanley Fischer, who shaped global macroeconomic policy, dies at 81

Fischer, known as Stan, served as vice chairman of the US Federal Reserve from 2014 to 2017 following eight years as governor of the Bank of Israel

Europe stock markets stage world-beating rally as trade war backfires

Five months into the year, eight of the world's 10 best-performing stock markets are in Europe, according to data compiled by Bloomberg

Adani Energy board approves $502 million fundraise via share sale

Adani companies, with interests stretching from ports to green energy, are steadily regaining investor confidence after a US indictment of the founder soured sentiment.

Airline industry benefiting from lower oil price: IATA head Willie Walsh

The reduction in oil prices is in turn helping drive down ticket prices, said Willie Walsh, the director general of the International Air Transport Association

Adani Group outlines transport network in rebuild of Mumbai's Dharavi slum

A key feature will be airport trains and check-in and transit facilities for passengers traveling to and from the Mumbai and Navi Mumbai airports

Europe sees growing China-Russia alliance as world's top security threat

Western officials accuse China of supplying Russia with critical technologies, including drones

Job interviews enter a strange new world with AI software that talks back

Startups like Apriora, HeyMilo AI and Ribbon all say they're seeing swift adoption of their software for conducting real-time AI interviews over video

Elon Musk pushes US lawmakers to fast-track self-driving car approvals

Options discussed include expediting the bill or presenting a more detailed measure similar to it before Congress's July 4 recess

Chinese students at US colleges will be 'fine', says Donald Trump

'Well, they're going to be OK It's going to work out fine,' Trump said when asked what his message would be for students who want to remain in the country

Elon Musk pledges to remain Trump adviser after stepping away from DOGE

"I expect to remain a friend and an adviser, and hopefully, if there's anything the president wants me to do, I'm at the president's service," Musk said

Elon Musk's legal battles expected to outlast his time in White House

At least three lawsuits are pending that accuse Trump of unconstitutionally handing the Tesla Inc. and SpaceX chief executive officer the equivalent of a cabinet-level post over the past four months

Lack of social-media profile could prompt visa denial, says Marco Rubio

Rubio's cable, sent to embassies worldwide, marked the latest salvo by the Trump administration against Harvard, the foreign students who go there and elite universities more broadly