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Apple set to unveil AI strategy at developers conference on June 10

The iPhone maker announced WWDC timing, saying event will run through June 14. Though Apple didn't say what it plans to unveil, people familiar with matter have said that presentation will focus on AI

PGIM India MF launches retirement fund; StanChart offers 7.5 mn shares

Standard Chartered Bank is offering up to 7.5 million shares in Central Depository Services India (CDSL) in a placement

Natural calamities pushed disaster damages above $100 billion in 2023

In the US, homeowners are already struggling under rising insurance premiums

India making a mistake believing 'hype' about growth, says Raghuram Rajan

Rajan said it was "nonsense" to talk of that goal "if so many of your kids don't have a high school education" and drop-out rates are high

Adani's stake purchase in Gopalpur Port to provide debt relief to SP Group

Adani Ports agreed to purchase a 95% stake in the port for 13.5 billion rupees ($162 million) from Shapoorji and Orissa Stevedores Ltd

US CEOs extend China stay after last-minute invite to meet Prez Xi Jinping

Late on Friday, China relaxed its rules governing cross-border data flows. The move was seen as a response to complaints by foreign businesses that the restrictions were disruptive

Tim Cook's love for China helps Xi Jinping fight fears of economic slump

The People's Daily newspaper, an official mouthpiece for the Chinese Communist Party, has said that China is an indispensable part of the global supply chain

Microsoft Bing chief to exit role after Mustafa Suleyman named AI leader

Parakhin, who had been chief executive officer for advertising and web services, will report to Chief Technology Officer Kevin Scott while searching for his next role

Early warning on Moscow attack validates US strategy on ISIS-K: White House

US officials said they shared the intelligence with Russia ahead of the attack as part of their "duty to warn" policy, which requires notifying even geopolitical adversaries of imminent threats

US, UK accuse China of broad cyberattacks, British voter data theft

The hackers, part of a state-sponsored group known as APT31, have been charged with conspiracy to commit computer intrusions and conspiracy to commit wire fraud

Biggest challenge facing new Boeing CEO is winning over other airlines

Boeing's new management faces a myriad of challenges - criminal investigations, eroding finances, regulatory scrutiny, market share losses to rival Airbus SE, etc.

Trump's net worth hits $6.5 bn, making him one of world's 500 richest

The figure, which has consistently been below Trump's own estimates, is based on ethics disclosures required for presidential candidates

Ericsson to slash 1,200 Swedish jobs in bid to cut costs amid lower sales

The company also plans to cut costs separately by eliminating facilities and the use of consultants and will streamline processes, it said in a statement on Monday

Apple, Google, Meta targeted in EU's first Digital Markets Act probes

The European Commission said Monday that Apple and Google's app store rules will be targeted in the first probes under the bloc's Digital Markets Act

Royal Enfield maker Eicher Motors sets up Dutch unit for EU expansion plan

The business is growing quickly in the EU and the new warehouse will cut lead times to two weeks from 90 days currently, Gopal added

Shares in Australia, HK edges higher, while Japan, China stocks decline

Treasuries were mostly steady following a rally on Friday that wiped seven basis points from the 10-year yield. Australian and New Zealand bond yields ticked lower Monday

BYD takes on EV laggards Toyota, VW with aggressive China price cuts

The automaker is currently discounting almost every electric and hybrid car model it sells, as part of a marketing campaign declaring "electricity is cheaper than oil"

Govt's big bet on Musk's Tesla 'gigafactories' in India might just work

On March 15, the government announced a new scheme to promote investment in EVs

Coal, the dirtiest fossil fuel, is finally preparing for long goodbye

Coal's days are numbered, of course. Advances in solar and wind have made those technologies far cheaper than coal power in most parts of the world, and similar gains for batteries

FAA weighs curbing new routes for United Airlines after series of mishaps

The FAA already is suspending United's ability to approve and promote pilots to fly different aircraft models, two of the people said