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Kilmar Abrego Garcia charged with illegally transporting migrants

Abrego Garcia's case became a lightning rod over President Donald Trump's immigration policies, which have seen the administration move to ramp up deportations of undocumented migrants

Tesla's head of Optimus humanoid robot programme Milan Kovac exits company

Ashok Elluswamy, who leads Tesla's Autopilot teams, will take over responsibility for Optimus after Kovac's departure

Xi will restart rare earth supply, trade talks set for June 9: Donald Trump

Trump and Xi held a 90-minute call on Thursday that saw the two agree to defuse growing tensions spurred by concerns over the flow of critical minerals needed by American firms

Trump signs order to boost drone security ahead of World Cup, Olympics

Officials say the aim of the orders is to boost US manufacturing and innovation while reducing dependence on foreign rivals like China, which leads the global commercial drone market

Harvard gains support from top US universities in Trump funding battle

Harvard sued in April, claiming the government freeze violates the university's First Amendment guarantee of free speech and federal law governing administrative rulemaking

Court rules Trump can exclude journalists from Oval Office, Air Force One

In a 2-1 ruling, the DC Circuit Court paused a judge's order that let AP rejoin the rotating press pool covering Trump's daily movements, siding with the administration's access limits

US Supreme Court gives DOGE access to sensitive social security data

The decision allows DOGE, once led by Elon Musk, full access to personal data in the Social Security database while the case moves forward on appeal

China clears licence for rare earth suppliers for US automakers: Report

It's unclear what materials are covered by the licenses and at least some are valid for six months, says report

UBS's $26 billion capital hit may be softer than it first appears

It's not that investors now know the costs of Switzerland's beefed-up "too big to fail" rules, which follow Credit Suisse's 2023 collapse. There's a lot of uncertainty about the draft law's final form

Yale's $2.5 billion private equity sale tests its vaunted endowment model

Trump also threatened to strip schools of their tax-exempt status, and this week said Columbia University no longer meets accreditation standards

Jubilant gets $600 mn boost from Goldman for Coca-Cola India stake buy

Convertible preference shares is one of the many ways companies can raise capital to fund their operations and expansion

China urges BYD, EV rivals to end price war and avoid cost undercutting

The meeting was hosted by the Ministry of Industry and Information Technology, the market regulator and the top economic planning agency

India's lofty equity valuations ride on stories, not fundamentals

Those looking for short-term trading opportunities may not care about rational analysis from brokers as long as the prognosis is cheery enough to draw in other punters

Harvard wins reprieve from Trump's ban on foreign students entering US

The Boston-based judge granted a temporary restraining order, saying Harvard would face "immediate and irreparable injury" if the proclamation went into effect

Donald Trump says he may let Russia, Ukraine 'fight for a little while'

Donald Trump addressed Elon Musk's criticism of his bill, saying Musk knew about the EV subsidy cuts. Musk replied "whatever" and slammed the bill's "DISGUSTING PORK" while calling subsidy cuts unfair

Indonesia weighs China's offer of battle-tested J-10 fighter jets

Indonesia's consideration of the J-10 comes as military spending rises worldwide, driven in part by conflicts including Russia's invasion of Ukraine

Data error may have pushed up UK inflation, rate cut bets in April: ONS

The data error means the inflation rate would have been closer to the 3.3 per cent consensus forecast and 3.4 per cent predicted by the central bank

Ola Electric's Bhavish Aggarwal topped up collateral as shares tumbled

Aggarwal had raised ₹2.5 bn for generative AI venture Krutrim Data Center Pvt. by pledging Ola Electric equity and he voluntarily put in the extra money since March as the shares dipped below ₹50 each

China's overseas income tax global crackdown expands beyond ultra-rich

Chinese authorities are seeking to boost fiscal income and narrow a record budget deficit as Beijing has ramped up stimulus to counter US tariffs

Alphabet CEO Sundar Pichai expects to keep hiring engineers as AI advances

Speaking at the Bloomberg Tech conference in San Francisco, Pichai said he will continue to invest in engineering in the near future