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China unveils plan to boost incomes, consumption, economic growth

At annual parliamentary meetings this month, the country's leadership made boosting consumption their top priority for the first time since President Xi Jinping came to power over a decade ago

Baidu unveils reasoning AI model to regain ground against DeepSeek

Baidu's reasoning model excels in areas like daily dialogs, complex calculations and logical deduction, it said in a statement

Ukraine's allies agree to tighten economic pressure on Russia for ceasefire

Starmer said Western nations are gathering political and military momentum, and after additional commitments toward a post-conflict Ukraine were made

Ola Electric's unit faces 2 insolvency petitions over unpaid vendor dues

Rosmerta Digital Services Pvt. and Rosmerta Safety Systems - suppliers of vehicle registration services and high-security registration plates respectively - have separately filed insolvency pleas

Will keep FBI in DC, scrap plan to move to Maryland, says Donald Trump

Trump said he was going to stop the move, castigating Maryland - a heavily Democratic state - and saying relocating the FBI would leave it too far away from the DOJ

Intel's new CEO Lip-Bu Tan gets pay package valued at about $69 million

Tan has also agreed to buy $25 million in Intel shares in the first 30 days of taking the job

Century-old dow theory indicates more trouble ahead for US stock markets

Known as the Dow Theory, it holds that moves in the Dow Jones Industrial Average must be confirmed by transport stocks, and vice versa, to be sustained

Global stocks rise as US shutdown threat eases, gold hits $3,000 mark

Avoiding a government shutdown would remove a concern for traders, already fretting over threats to the world economy from President Donald Trump's tariff war

China plans 50% pay cuts for fund managers missing performance targets

The sweeping measures come as policymakers seek to attract more long-term capital into the nation's stock market amid slowing economic growth and an escalating trade war with the US

Tariffs won't help more men get jobs; deregulation is the real answer

There is a sense that the globalization of the last several decades has mostly benefited the coastal elites, while the rest of the country has suffered with stagnating wages

PepsiCo nears $1.5 billion deal to acquire healthy soda brand Poppi

PepsiCo had planned to launch its own so-called functional soda under the brand Soulboost, but decided to scrap that effort because of early indicators it wouldn't succeed

US Fed expected to cut rates twice this year, starting in September

Fed officials have signaled they may be on hold for some time amid uncertainty around President Donald Trump's economic policies, particularly on trade

BMW sees tariffs, China sales decline weighing on carmaking profit

BMW shares declined as much as 4.5% on Friday. The stock has fallen more than 20% over the past year

Donald Trump's pick for envoy to Canada, Pete Hoekstra, says it's sovereign

Canada is a sovereign state, yes, Pete Hoekstra said with a wry look when asked by Senator Chris Coons, a Delaware Democrat, during his confirmation hearing

Tesla warns it faces retaliation, costs from escalating Trump trade war

The electric-car maker warned the administration this week that any such actions could drive up manufacturing costs and make its vehicles less competitive in international markets

US quietly tightens sanctions on Russia as it seeks ceasefire deal

Trump administration quietly let expire a license covering payments for energy to a handful of Russian banks that were still allowed to receive payments in US dollars

Alibaba unveils AI-powered Quark app with advanced chatbot & planning tools

New Quark will be available to all users gradually, starting with a pilot launched on Thursday

Iran asks Trump to end threats, pressure tactics if it wants nuclear talks

Iran is among the most sanctioned countries in the world and the vast majority of the penalties are enforced by the US government and directly target crucial oil exports

Escalating trade war threatens oil demand as Opec+ boosts supply, says IEA

Oil is trading near $71 a barrel in London after sinking to the lowest since 2021 last week, following Opec+'s decision to gradually restart halted production from April

SBI to launch project finance unit for AI, fintech, e-commerce industries

The public sector bank plans to complete the project within a year and will hire specialised professionals to staff it