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Trump strikes trade deal with Indonesia, imposes 19% tariff on imports

Trump has sent tariff letters over the last week to multiple trading partners, increasing pressure on negotiators ahead of an Aug. 1 deadline for higher duties to take effect

Nvidia, AMD to restart AI chip sales to China after US export nod

US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, the company said in a blog post on Monday

China's economy grows 5.2% as strong exports mask weak consumer demand

Industrial output rose 6.8 per cent in June from a year earlier, faster than the 5.6 per cent expansion forecast by economists

RBI may cut rates further if inflation falls or growth slows: Guv Malhotra

While price stability remains the central bank's primary objective, growth is also a key consideration

Labubu craze to power 350% profit surge: Chinese toymaker Pop Mart

Labubu - a plush, pointy-eared, serrated-tooth monster - is the center of a global collectibles craze, with celebrities like Rihanna and BlackPink's Lisa flaunting them

Trump's Russia threat puts spotlight on India, China crude oil imports

Russian flows to India reached 2.1 million barrels a day in June, the biggest monthly intake in nearly a year, and close to the record set in May 2023, data from Kpler show

Tesla on trial in Florida over fatal crash linked to autopilot system

Family members of the woman killed in the crash, Tesla engineers and auto-safety experts are expected to provide testimony in a federal courtroom in Miami during the jury trial

China's rare-earth metal exports spike to highest level since 2009

China's exports of rare earths in June climbed to their highest since 2009, according to official data, indicating a push by global buyers to get hold of the materials used to make powerful magnets

Pentagon awards AI contracts to Google, OpenAI, xAI and Anthropic

The contracts represent a significant revenue stream for AI companies, which have been looking to expand their reach into the public sector

HCL Technologies, Tech Mahindra lift veil on Q1 IT industry outlook

Quarterly sales across India's computer services and IT firms are projected to have slid 0.6 per cent sequentially, Jefferies analysts Akshat Agarwal and Ayush Bansal said

Meta's days of giving free AI may be ending as monetisation plans loom

Unlike AI models from Google and OpenAI, Meta's Llama is described as "open source," meaning its underlying code is freely available online for anyone - including rivals - to use and adapt

Senate panel blames Secret Service failures in Trump rally shooting attempt

The findings were released on the one-year mark of the shooting, which jolted the 2024 presidential campaign

Trump's weekend tariff threats to put US market's resilience to the test

Trump has ratcheted up trade measures, promising that more tariffs are coming to everyone from Canada to Brazil to Algeria and inviting trading partners to negotiate further

China's biotech surge shifts global drug innovation, stirs US tension

Top regulators like the US FDA and EMA are fast-tracking more Chinese drugs, granting priority review and breakthrough designations as they gain confidence in China's biotech innovation

Mexico's 'cool-head' Trump approach tested by latest tariff threat

On Saturday, Trump blasted the country's response in a letter threatening 30 per cent tariffs, saying what Mexico has done is not enough

Musk suggests Tesla shareholders should vote on possible xAI investment

Musk asked X users publicly last year if Tesla should invest $5 billion in xAI, writing at the time that he was just testing the waters

France's agriculture-food sector worst impacted by Trump tariffs

Officials from the European Commission, the EU's executive arm, are also trying to win concessions for particular sectors as part of a possible agreement

Xi Jinping's price-war campaign creates a buzz in China's stock market

Investors are hopeful that a more coordinated policy response to tackle the drivers of deflation is on its way, though Beijing hasn't yet released any plan

Worldline turmoil hands Swiss bourse a $300 mn blow on strategic stake

The bourse's current stake of roughly 10 per cent in Worldline was valued in its accounts at just under €400 million ($467 million) at the end of 2024

North Korea backing Russia's war goals confirms 'invincible' ties: Lavrov

Lavrov cited North Korean troop presence in Russia's Kursk region as proof of an "invincible brotherhood," noting Kremlin forces have largely repelled Ukraine's surprise incursion from last year