Page 4 - Bloomberg

OpenAI engineer's 'LOL' moment set stage for legal fight with Apple

At the center of the rift is Tang Tan, a former Apple executive who had overseen the design of the iPhone, smartwatch and several other products

Apple accuses OpenAI of stealing trade secrets in lawsuit over AI devices

Apple has accused OpenAI and its hardware chief, former Apple executive Tang Tan, of encouraging employees to share confidential information, components and designs related to unreleased products

JPMorgan's AI agents outperform 60/40 portfolio in historical backtests

JPMorgan's AI-powered investing agents outperformed a traditional 60/40 portfolio in historical backtests, though the bank cautioned that the results are based on simulations

Andy Burnham set to become next UK premier with majority of MP votes

At the end of the first day of the party's leadership contest to replace Keir Starmer, 322 of 403 Labour members of Parliament voted for Burnham

Milky Mist prepares to launch Rs 2,035 crore IPO as early as July-end

Milky Mist Dairy Food is preparing to launch a Rs 2,035 crore IPO by July-end or early August, with proceeds earmarked for capacity expansion and debt repayment

Shein wins Chinese regulatory approval to proceed with Hong Kong IPO

Shein has secured approval from China's securities regulator for its planned Hong Kong IPO after earlier listing attempts in the US and London failed

Shapoorji Pallonji Group's refinancing kickoff eases investor debt concerns

One of subsidiaries will issue about ₹15,000 cr worth of rupee-denominated bonds to a group of investors including Farallon Capital Management, Davidson Kempner Capital & Cerberus Capital Management

China successfully launches, retrieves reusable rocket booster at sea

The Long March 10B's first stage made a vertical landing on an offshore platform, making China the second country after the US to achieve the feat

Xavier Niel becomes biggest Vodafone shareholder with $6 billion stake

Vodafone's shares have declined 1.1% this year and closed at 97.76 pence on Thursday

Singapore's Helios bets on flagship Adani stock, buys 770,000 shares of AEL

The Singapore-based asset manager bought about 770,000 shares of Adani Enterprises Ltd. in the second quarter across three of its funds, two of which were first-time buyers

ONGC approves strategic oil reserve expansion after Iran war exposes risks

The ONGC board gave the green light to add 1.75 million tons of capacity in Mangalore, Karnataka, to national crude reserves, according to a filing

US-Iran peace agreement in limbo after renewed strikes, sanctions

In its initial phase, the memorandum of understanding that took effect June 18 was supposed to end all hostilities, provide sanctions relief for Iran and reopen the Strait of Hormuz

Technical talks with Iran to continue despite recent strikes: US official

The US is still committed to finding a solution with Iran, the official said Thursday, speaking on condition of anonymity to discuss the matter

RBI faces $100 billion unwinding challenge after record defence of rupee

With a spate of recent measures expected to attract foreign capital, the RBI has started trimming its massive short dollar forward position, a stock of commitments to sell the greenback at future date

Swift launches blockchain platform for 24x7 cross-border payments

The global messaging network said 17 banks, including HSBC, Citigroup, BNY Mellon, Standard Chartered and UBS, will pilot live cross-border transactions using tokenised deposits

Tata Group targets $100 bn revenue from auto units by 2031 after demerger

N Chandrasekaran said the group will invest across electrification, manufacturing capacity, tech and new products following the demerger of Tata Motors' passenger and commercial vehicle businesses

PM Modi, Australia's Albanese laud deeper bilateral ties ahead of summit

The two leaders are expected to sign agreements on defence and energy as they seek to expand economic and strategic cooperation

Shipping through Hormuz grinds to near standstill after fresh US strikes

Ship-tracking data showed minimal movement through the world's most important oil chokepoint after Washington launched a second day of strikes on Iran and President Donald Trump declared the ceasefire

US military presence in Europe will depend on Greenland, Iran: Trump

The US President said any decision on military deployments would depend on allies' response to his concerns over Greenland and support for Washington's Iran campaign, adding to unease within Nato

US judge seeks more details from Adani on DOJ move to drop bribery case

Judge Nicholas Garaufis has directed the Indian billionaire to file sworn responses by July 15 on whether any promises or deals were linked to the Justice Department's move to dismiss the indictment