Bloomberg
Bloomberg
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World Bank lifts ban on nuclear power, considers upstream gas projects
Meeting rising power demand is 'one of the most urgent and complex development challenges we face,' the bank's president, Ajay Banga said
 "World Bank lifts ban on nuclear power, considers upstream gas projects")
Adani group plans Airport unit IPO by 2027, hastens $100 billion capex
The ports-to-power conglomerate has doubled the pace of its capital spending plan and now intends to plow $100 billion in five to six years instead of spreading it out over a decade
 "Adani group plans Airport unit IPO by 2027, hastens $100 billion capex")
US to withdraw some embassy staff from Middle East as tensions rise
US officials have been told that Israel is ready to launch an operation into Iran, which is part of the reason why the Trump admin advised some Americans to leave the region, CBS News reported
 "US to withdraw some embassy staff from Middle East as tensions rise")
Fulbright board resigns over Trump admin's interference in scholarships
The board resigned amid a broader push by the Trump administration to exert greater control over American higher education
Fulbright board resigns over Trump admin's interference in scholarships
The board resigned amid a broader push by the Trump administration to exert greater control over American higher education
 "Fulbright board resigns over Trump admin's interference in scholarships")
AI spending spree by big tech sparks investor concern over profits
Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp. are projected to spend $311 billion on capital expenses in their current fiscal years and $337 billion in 2026
 "AI spending spree by big tech sparks investor concern over profits")
Nvidia's Jensen Huang says quantum computing nears key breakthrough
Huang's forecast marks a change in tone from January, when he said that "very useful" quantum computers, which are still largely used by researchers, were likely still decades away
 "Nvidia's Jensen Huang says quantum computing nears key breakthrough")
New York backs California in opposing Trump's troop deployment in LA
The Trump administration deployed thousands of National Guard troops in recent days to respond to protests in Los Angeles, over the objections of state and city officials
 "New York backs California in opposing Trump's troop deployment in LA")
Indian depository NSDL plans IPO for July, expects to raise $400 million
The listing of NSDL, the country's largest depositary in terms of assets under custody, is being managed by ICICI Securities Ltd., Axis Capital Ltd., HSBC Holdings Plc and IDBI Capital
 "Indian depository NSDL plans IPO for July, expects to raise $400 million")
Turkey to sell 48 Kaan fighter jets to Indonesia in major defence deal
The agreement to sell the Kaan fifth-generation planes, which Turkey is still developing, is a "record-breaking" military deal for the country, Erdogan said
 "Turkey to sell 48 Kaan fighter jets to Indonesia in major defence deal")
Two public-sector firms pull bond sales as RBI moves spark swings
The average yield on top-rated three- and five-year corporate debt rose eight basis points and nine basis points
 "Two public-sector firms pull bond sales as RBI moves spark swings")
Mizuho on verge of buying majority stake in investment bank Avendus
Executives are hammering out details of a transaction that could be finalised as soon as this month and value Avendus at about $800 million
 "Mizuho on verge of buying majority stake in investment bank Avendus")
S'pore-backed Prestige Estates Projects bets on India's entertainment boom
The developer, which counts Blackrock Inc. and Vanguard Inc. as its investors, plans to allocate 40 per cent space in malls to entertainment and restaurants
 "S'pore-backed Prestige Estates Projects bets on India's entertainment boom")
Major Chinese maker of rare-earth magnets gets green light for US exports
JL Mag Rare-Earth Co. said that officials approved a certain number of export applications, and the company had permits for regions including the US, Europe and Southeast Asia
 "Major Chinese maker of rare-earth magnets gets green light for US exports")
India, US race to finalise trade deal ahead of Trump's tariff deadline
Trade officials from India and the US met in New Delhi for about a week to discuss issues including greater market access, digital trade, customs rules and technical barriers to trade
 "India, US race to finalise trade deal ahead of Trump's tariff deadline")
Being a bully on trade won't work longer term, warns Christine Lagarde
Coercive trade policies are not a sustainable solution to today's trade tensions, said Lagarde
 "Being a bully on trade won't work longer term, warns Christine Lagarde")
GM invests $4 bn in US plants, shifts production to avoid tariffs
Taken together, the investments will allow GM to produce more than 2 million vehicles in the US each year
 "GM invests $4 bn in US plants, shifts production to avoid tariffs")
India's state oil refiners may order tankers worth $600 mn for domestic use
Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to jointly issue a tender later this year for the medium-range tankers
 "India's state oil refiners may order tankers worth $600 mn for domestic use")
Associated Press challenges ruling limiting access to White House
In a filing Tuesday, the Associated Press asked that all the judges on the US Court of Appeals for the DC Circuit review a 2-1 decision by a smaller panel of the court
 "Associated Press challenges ruling limiting access to White House")
Harvard may regain federal grants if policies change: US education secy
McMahon said the administration was "making progress in some of the discussions" with Harvard, despite ongoing legal fights
 "Harvard may regain federal grants if policies change: US education secy")
