Page 2 - Bloomberg

Trump's trade chief says new tariffs can fit within existing deals

The EU and US agreed to a free-trade deal in July that would see the bloc erase levies on US industrial goods in exchange for a 15 per cent tariff ceiling on its exports

India considers budget cuts as oil price surge threatens fiscal targets

The government is wary of increasing borrowing beyond budgeted levels because additional debt issuance could push bond yields higher, officials familiar with the matter said

Suzlon broadens clean energy portfolio with battery storage plans

The ongoing conflict in the Middle East is adding financial pressure on India, a large importer of fuels whose circulation depends on the region

BofA is hiring Avendus deal-maker Gupta for India role in post-Mizuho exit

Gupta, a managing director at Avendus, is set to join Bank of America after completing regulatory and contractual obligations

Reliance explores cash deployment options ahead of possible RBI rate hike

One proposal involves moving Reliance's cash holdings from liquid mutual funds into short-dated money market instruments, people aware of the conglomerate's thinking said

India's money-market turnover hits record as banks ramp up borrowing

Bank lending expanded at 16.2 per cent in the year through May 15, the fastest clip in two years, with credit demand exceeding deposit growth for the eighth straight month

Govt's rupee support measures likely to give RBI room to hold rates for now

Inflation pressures triggered by an energy price shock means the RBI will likely adopt a hawkish stance and prepare markets for potential rate hikes later this year, economists have said

Why Amazon has struggled to crack India despite years of heavy investment

13 years on, Amazon remains a major player in India, but local rivals have eroded its edge across retail, payments, streaming, and quick commerce, leaving it constrained despite strong brand loyalty

Sam Altman rules out donations in 2026 US elections, backs funding reform

OpenAI's top competitor Anthropic PBC has given $20 million to a rival super PAC, Public First Action, which advocates for tougher AI safety regulations

Trump signs order to tighten customs enforcement, curb tariff cheats

Trump's order targets customs loopholes by cracking down on shell companies, inadequate customs bonds, and shipment-routing schemes used to conceal the true origin of imported goods

Govt to cut taxes, relax bond ownership rules to attract foreign investment

The cabinet on Wednesday is expected to consider a significant cut in the taxes paid by global funds on the nation's bonds

Bank lending in India hits two-year high as firms favour loans over bonds

Credit growth expanded at 16.2 per cent in the year through May 15, the fastest clip since June 2024, according to the Reserve Bank of India data

Japanese toilet maker Toto ramps up its ceramics for AI chipmakers

Shares of Toto jumped as much as 11% in Tokyo on Wednesday, the biggest intraday jump in over a month

JioStar bets big on AI-generated shows after success of Mahabharat

JioStar, a joint venture between Reliance Industries Ltd. and Walt Disney Co., is planning a slate of series that would be written, animated, voiced and edited entirely by artificial intelligence

India's oil demand growth set for pandemic low on West Asia crisis

Oil demand growth is forecast at 78,000 barrels a day, according to Kpler Ltd., which has slashed its pre-war estimate by almost 40%

Google Gemini AI search shift is freaking out the online Ad world

The shift from blue links to AI-powered search results is forcing advertisers to rethink SEO, while uncertainty grows over the future of online advertising

India's high-stakes push for sovereign AI faces funding, infra hurdles

India's ambition to build and export a sovereign AI template across the world is colliding with various structural constraints

Why rising night-time temperatures pose a growing risk to cities

Relentless night-time heat puts billions at risk in growing megacities

Microsoft launches 'Scout' AI assistant that works like executive assistant

While AI bots like ChatGPT or Copilot are only visible to the user, the new tool, dubbed Scout, will appear on internal email and calendar systems as if it were just another helpful employee

Asia faces rate-hike pressure as energy shock, AI boom fuel inflation

Asia is particularly vulnerable because it sits at the center of global manufacturing and technology supply chains while remaining heavily reliant on imported energy