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India, China discuss rare earth curbs amid auto industry concerns

The fact that India has now raised the rare earth issue with China in a diplomatic forum signals to automakers that a resolution may be in sight

Meta seals $14.3 billion Scale AI deal, hires its CEO Alexandr Wang

Wang will join Meta's 'superintelligence' unit working on human-level AI, known as artificial general intelligence, while remaining on Scale's board as the company's co-founder

Air India plane crash puts focus on thrust, flaps, landing gear issues

The Boeing 787 Dreamliner appeared to lack sufficient thrust as it used nearly the full length of an 11,000-foot runway, which should have been enough for takeoff, said aviation expert Bob Mann

Boeing CEO Kelly Ortberg no stranger to crisis as 787 crash poses new test

Just as Ortberg was gaining momentum at Boeing, the deadly crash of an Air India 787 to London underscored how difficult it remains to restore confidence in the embattled planemaker

Apple targets spring 2026 for release of delayed upgrade of Siri AI

The company's Siri team is aiming to bring the revamped voice assistant to market as part of an iOS 26.4 software update

Search for answers begins in Air India crash that killed 241 people

The focus yesterday was on rescue efforts, while the search for material evidence starts today, said a senior official from the Aircraft Accident Investigation Bureau of India

$115 bn fund manager ICICI Prudential bets on short-term Indian debt

The recent slowdown was a "mid-cycle correction", and the central bank's policy support has laid the groundwork for growth to return to its long-term trend

Israel disregards Trump with major attack on Iran's ballistic-missile sites

Israeli leader Benjamin Netanyahu appeared to have defied Trump with his decision to go ahead with an attack on Iran's nuclear programme that US and allied officials had feared

Meta hires AI talent from Google, Sesame to build superintelligence team

Meta and Zuckerberg are offering compensation packages worth tens of millions of dollars over several years, including equity, according to people familiar with the matter

Donald Trump says he offered assistance to India after Boeing crash

US President Donald Trump on Thursday expressed deep sorrow over the Air India plane crash in Ahmedabad, describing it as "one of the worst in aviation history.

RBI winds down offshore currency tool reflecting shift in strategy

Reduction in the offshore exposure accounts for most of the recent drop in the RBI's overall forward dollar positions

Airbus projects global aircraft fleet to double by 2044, led by India

The global in-service fleet will swell by 24,480 units to 49,210 aircraft in 2044, Airbus predicted in its latest global market forecast

JSW Cement begins roadshow ahead of next month's planned Mumbai IPO

JSW Cement could be joining a swelling pipeline of summer listings in India, where the central bank cut rates by a bigger-than-expected 50 basis points last week

Block deals, IPOs surge as investors race to tap India's booming market

The South Asian nation saw $6.4 billion raised through share sales in May, the highest monthly total since December 2024, according to data compiled by Bloomberg

Toyota shareholders vote to reappoint Akio Toyoda as chairman of group

Although major proxy advisers backed Toyoda's reelection, reversing their stance after voting against him in 2024, investors got a chance to air their grievances

US DOJ urges federal court not to limit Trump's use of troops in LA

Justice Department lawyers argued that a bid by California to limit the troops to guarding federal property and personnel is illegal and called it "a crass political stunt"

RBI sends conflicting signals about monetary policy with surprise moves

The Reserve Bank of India surprised analysts last week by cutting interest rates more than expected and announcing a cash boost for banks, citing the need to spur growth

Donald Trump open to talks with North Korea's Kim Jong Un: White House

The renewed call for dialogue comes as US ally South Korea seeks to reduce tensions on the Korean peninsula following the inauguration of new liberal President Lee Jae-myung last week

US tariff revenue hits record high in May, helping cut budget deficit

The Treasury Department recorded $23 billion in customs-duties revenue for May, according the agency's monthly budget statement

Pentagon mulls scrapping Aukus submarine deal with Australia, Britain

The review will study whether the deal, signed by President Joe Biden's team in 2021, is "aligned with the President's America First agenda," the Pentagon said