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Bloomberg

Bloomberg

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Elon Musk pushes US lawmakers to fast-track self-driving car approvals

Options discussed include expediting the bill or presenting a more detailed measure similar to it before Congress's July 4 recess

Elon Musk pushes US lawmakers to fast-track self-driving car approvals
Updated On : 31 May 2025 | 10:49 AM IST

Chinese students at US colleges will be 'fine', says Donald Trump

'Well, they're going to be OK It's going to work out fine,' Trump said when asked what his message would be for students who want to remain in the country

Chinese students at US colleges will be 'fine', says Donald Trump
Updated On : 31 May 2025 | 8:48 AM IST

Elon Musk pledges to remain Trump adviser after stepping away from DOGE

"I expect to remain a friend and an adviser, and hopefully, if there's anything the president wants me to do, I'm at the president's service," Musk said

Elon Musk pledges to remain Trump adviser after stepping away from DOGE
Updated On : 31 May 2025 | 8:07 AM IST

Elon Musk's legal battles expected to outlast his time in White House

At least three lawsuits are pending that accuse Trump of unconstitutionally handing the Tesla Inc. and SpaceX chief executive officer the equivalent of a cabinet-level post over the past four months

Elon Musk's legal battles expected to outlast his time in White House
Updated On : 31 May 2025 | 7:35 AM IST

Lack of social-media profile could prompt visa denial, says Marco Rubio

Rubio's cable, sent to embassies worldwide, marked the latest salvo by the Trump administration against Harvard, the foreign students who go there and elite universities more broadly

Lack of social-media profile could prompt visa denial, says Marco Rubio
Updated On : 31 May 2025 | 7:24 AM IST

Trump seeks $1 billion for private-sector-led human missions to Mars

The White House's 2026 budget proposal, calls for allocating more than $1 billion for Mars exploration, including a new Nasa initiative called the Commercial Mars Payload Services programme

Trump seeks $1 billion for private-sector-led human missions to Mars
Updated On : 31 May 2025 | 7:19 AM IST

Will double tariffs on foreign steel from 25% to 50%, says Trump

Trump had gone to the plant near Pittsburgh to champion an expected deal between US Steel and Japan's Nippon Steel Corp.

Will double tariffs on foreign steel from 25% to 50%, says Trump
Updated On : 31 May 2025 | 6:21 AM IST

Bond markets are returning to normal but other fiscal numbers are a concern

It may not stay that way given the gathering risks, notably credible estimates that deficits will continue to run well higher than 3 per cent of GDP

Bond markets are returning to normal but other fiscal numbers are a concern
Updated On : 31 May 2025 | 12:05 AM IST

India searches for partners beyond US to build fighter jet engines

The engines being considered are from the UK, France and Japan and India wants to start the project quickly

India searches for partners beyond US to build fighter jet engines
Updated On : 30 May 2025 | 12:46 PM IST

KG Motors looks to kickstart Japan's electric-vehicle market with Mibot

KG Motors has developed a battery-powered one-seater that more resembles a futuristic golf cart than it does a modern EV, much less a traditional car

KG Motors looks to kickstart Japan's electric-vehicle market with Mibot
Updated On : 30 May 2025 | 12:40 PM IST

North Korea's growing military support to Russia flagged in report

Last year North Korea transferred to Russia at least 100 ballistic missiles, which were subsequently launched into Ukraine to destroy civilian infrastructure

North Korea's growing military support to Russia flagged in report
Updated On : 30 May 2025 | 10:53 AM IST

Harvard reprieve from Trump's foreign student ban extended by judge

The US maintains that Harvard has failed to comply with the terms of its certification for enrolling foreign students

Harvard reprieve from Trump's foreign student ban extended by judge
Updated On : 30 May 2025 | 8:00 AM IST

Obscure tax item in Trump bill sparks concern across Wall Street circles

Section 899 of the House-passed bill seeks higher US tax rates on individuals and firms from countries with tax policies deemed "discriminatory" under the "Unfair Foreign Taxes" enforcement clause

Obscure tax item in Trump bill sparks concern across Wall Street circles
Updated On : 30 May 2025 | 7:52 AM IST

Trump to hold press conference at White House with Musk as he departs DOGE

The event will unfold after Musk, chief executive officer of Tesla Inc. and SpaceX, criticised Trump's biggest legislative priority, the tax cut proposal known as the 'One Big Beautiful Bill'

Trump to hold press conference at White House with Musk as he departs DOGE
Updated On : 30 May 2025 | 7:42 AM IST

Oil tankers going dark off Malaysia amid Iran-China trade scrutiny

Over recent months, more vessels have started switching off their transponders as they near waters off eastern Malaysia, a hotspot for the transfer of Iranian oil to China

Oil tankers going dark off Malaysia amid Iran-China trade scrutiny
Updated On : 30 May 2025 | 7:37 AM IST

Trump admin tightens China chip curbs by targeting design software

The Trump administration this year banned Nvidia from selling its H20 chips to Chinese customers, the third round of such restrictions since 2022

Trump admin tightens China chip curbs by targeting design software
Updated On : 29 May 2025 | 11:02 PM IST

US economy contracts 0.2% in Q1 on weak spending, record trade drag

The slight upward revision in GDP reflected stronger business investment and a greater accumulation of inventories. Federal government spending wasn't as much of a drag as originally reported

US economy contracts 0.2% in Q1 on weak spending, record trade drag
Updated On : 29 May 2025 | 10:48 PM IST

United, JetBlue in partnership to share routes and slots at JKF, Newark

The agreement fulfills United Chief Executive Officer Scott Kirby's desire to secure flights at JFK at a time when air traffic control problems are hampering operations in Newark

United, JetBlue in partnership to share routes and slots at JKF, Newark
Updated On : 29 May 2025 | 7:03 PM IST

Trump can offset tariff ruling with other taxes, says Goldman Sachs

Trump could apply Section 122 tariffs of up to 15 per cent for 150 days or initiate investigations under Section 301, though those would take longer to implement

Trump can offset tariff ruling with other taxes, says Goldman Sachs
Updated On : 29 May 2025 | 1:23 PM IST

Trump's student ban causing harm despite judge's block, says Harvard

Harvard sued President Donald Trump's administration on May 23, and US District Judge Allison Burroughs blocked the ban about two hours later

Trump's student ban causing harm despite judge's block, says Harvard
Updated On : 29 May 2025 | 8:00 AM IST