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Apple plans to overhaul entire Mac Line with AI-focused M4 processors

Apple shares gained more than 2% to $171.20 as of 1:12 p.m. in New York on Thursday. They had been down 13% this year through Wednesday's close

Bharti Hexacom set to start trading after country's biggest IPO in a year

Bharti Hexacon's IPO is the country's largest since Mankind Pharma Ltd. raised Rs 4,330 crore a year ago

Forex derivatives fiasco puts spotlight on regulatory risk in India

Zerodha Broking Ltd. warned its clients to close open positions and cautioned about liquidity drying up

Unilever faces new risk as India's consumers turn pickier, more demanding

India's personal-care sector is estimated to become a $33 billion market by 2027 from $20 billion in 2022, according to Redseer Management Consulting Pvt

Biden predicts Fed will cut rates by end of year despite high inflation

Biden in a statement earlier Wednesday acknowledged the administration had more to do to lower prices

Alphabet heads toward $2 trn valuation with investors cheering AI progress

The stock is heading back toward what would be a record $2 trillion market value - a milestone surpassed only by Microsoft Corp., Apple Inc. and Nvidia Corp

Big Tech's 'interconnected web' of AI investments concerns UK's CMA

The Competition and Markets Authority said Thursday it's uncovered an "interconnected web" of partnerships and investments within AI involving a handful of the same tech firms

Goldman, Morgan Stanley raise China's 2024 growth outlook as exports rise

The world's second-largest economy has struggled to regain momentum as the property sector and consumer spending remain weak

OJ Simpson, NFL legend, movie star acquitted of double murder, dies at 76

OJ Simpson was infamously acquitted of the double murders of his ex-wife and her friend in the internationally covered 1994 trial

Extreme heat in East Asia, Pacific putting millions of children at risk: UN

Warnings over more intense and frequent heat waves this summer are especially worrying in the region, as high humidity levels make it more difficult for the body to cool down naturally

McKinsey starts eliminating around 360 jobs as client demand slows

The firm has warned about 3,000 of its consultants that their performance was unsatisfactory and will need to improve

Gaza faces major cash shortage after war destroys banking system

Within weeks of Hamas's Oct. 7 attack that Israel says killed almost 1,200 people, Heba and her family were forced to flee south from their home in Gaza City to Rafah

Elon Musk's undisclosed Starlink costs undercut profitability claims

Closely held companies don't have to publicly release their financials and often massage their numbers while fundraising

US President Biden, Kishida enlist Amazon, Nvidia to fund AI research

The $50 million project will be a joint effort between the University of Washington in Seattle and Tsukuba University outside Tokyo, according to a senior US official

BMW EV sales surge in Q1 even as rivals struggle with weak demand

Customer deliveries of battery-powered models such as BMW's i4, iX1 and i7 jumped 41% in the three months through March compared to the same period last year, the company said Wednesday

Emerging from seclusion, Jack Ma voices support for overhaul at Alibaba

Ma, who's still revered by many of the company's 200,000-plus employees, struck a markedly more upbeat tone than just four months ago

BYD got €3.4 bn in aid from Chinese govt to dominate EVs, finds study

Aid for China's leading EV maker jumped from €220 million in 2020 to €2.1 billion only two years later, Germany's Kiel Institute for the World Economy said Wednesday

This Chinese cement producer's market value crashed 99% in 15 minutes

Tianrui's controlling shareholder Li Liufa and his spouse jointly own approximately 70% of the company, according to a filing in January

As India's GDP growth speeds up, can it drive the global economy?

With China's growth slowing, India could become the new engine of global economic growth, but it will take strategic investments, increased labour participation, and more to achieve its ambitions

Boeing took shortcuts for faster production of its 787s: Whistleblower

Salehpour, who according to his attorneys worked on the 787 from 2020 through early 2022, told reporters on Tuesday that the issues he described "may dramatically reduce the life of the plane"