Page 18 - Bloomberg/reuters

Apple sales forecast surpasses estimates even as Mac shortages linger

Sales will rise 14 per cent to 17 per cent in the period, which runs through June, the company said during a post-earnings conference call Thursday

India's heatwave exposes fragile power grid as energy crunch deepens

Extreme heat and West Asia war disruptions strain India's energy supplies, driving power demand to record highs, triggering blackouts and worsening shortages of crude, LNG and cooking gas

Record low rupee may end India's cheap-money era, force RBI policy shift

Rupee weakness amid global turmoil and capital outflows may limit RBI's policy stance, raising risks of rate hikes as inflation, currency pressure and external shocks reshape India's monetary outlook

Elon Musk's Tesla compensation totals reaches $158 billion for 2025

Tesla reported the 2025 total in a regulatory filing Thursday, almost six months after more than 75% of voting shares supported the chief executive officer's massive stock award

Alphabet, Amazon outpace Meta in AI race during earnings bonanza

On that front, Google was able to point to solid growth at its cloud computing unit, which recorded sales of $20 billion last quarter

US jobless claims fall to decades low as layoffs stay largely subdued

Continuing claims, a proxy for the number of people receiving benefits, dropped to 1.79 million in the previous week, the lowest in two years

Alphabet's Q12026 sales at $94.7 bn, Google Cloud sees 63% revenue surge

Alphabet shares jumped 7.6% to $376.35 in early trading in New York on Thursday. The stock had risen 12% this year through Wednesday's close

Iran conflict creates two-speed diesel market across Asian economies

Asia typically sources most of its diesel from plants within the region, which in turn rely on flows of crude from West Asia for a substantial share of their input

White House opposes Anthropic plan to expand Mythos AI technology access

Members of US President Donald Trump's administration have told Anthropic that they don't agree with the company's plan to grant access to its Mythos technology to roughly 70 companies

RBI's rupee defence faces fresh pressure as capital inflows weaken

The Reserve Bank of India took aggressive steps recently to curb speculation, yet the currency fell to a record closing low on Wednesday

Anthropic weighs funding offers at over $900 billion valuation, tops OpenAI

Anthropic had previously resisted several inbound proposals from investors for a new round at a valuation of $800 billion or more

Indians become Australia's largest migrant group, overtaking English

Some 971,020 people in Australia - or 5.2 per cent of the population - were born in India, narrowly surpassing the 970,950 born in England, according to data from the Australian Bureau of Statistics

King Charles meets top company CEOs in bid to promote US-UK investment

The British monarch and his wife, Queen Camilla, focused on economic and cultural exchanges on the third day of a visit timed to mark the 250th anniversary of America's independence

Pentagon says Iran war cost $25 bn so far amid heated Congress hearing

Democratic lawmakers cast the conflict as a costly war of choice that President Donald Trump blundered into without a clear plan

Taiwan's equity market overtakes Canada's to become world's sixth largest

Taiwan surpasses Canada as the sixth-largest equity market, powered by AI-driven chip stocks and the meteoric rise of TSMC

Trump rejects Iran's Hormuz offer, to keep blockade until deal is reached

Trump said he had rejected a recent proposal from Iran to reopen the strait but that would have delayed talks on the nuclear issue until later

Adani's giant copper plant hit by technical setbacks in first year

Adani Enterprise Ltd.'s Kutch plant has yet to produce meaningful volumes of copper as a result of the engineering trouble, and closed for repair work in late March

Samsung dynasty's wealth doubles to $45 bn in just one year amid AI boom

An AI-driven upswing in semiconductor valuations has helped the family cement its grip and grow richer than ever

Japan's MUFG to foray into Indian real estate, expand forex derivatives

Japan's biggest bank is setting up a team which will start operations this financial year, Shashank Joshi, MUFG India's deputy chief executive officer said

India's real estate sector set to face reality of agentic AI disruption

After a four-month, $115 billion rout, investors are losing faith in a business model centered on the most-populous nation's army of young engineers, which gave it a wage advantage