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Bloomberg
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US to widen sanctions to curb semiconductor sales to Russia's war machine
Russia's war, now in its third year, has seen a renewed offensive and intensified aerial bombardment of Ukrainian cities
 "US to widen sanctions to curb semiconductor sales to Russia's war machine")
Indian stocks rebound from Lok Sabha election upset fastest in a decade
The rebound reflects the unwavering confidence among retail investors and their belief that local stocks will continue to reward them after rising for eight straight years
 "Indian stocks rebound from Lok Sabha election upset fastest in a decade")
Haldiram's exploring IPO as plans to sell to foreign investors stall
IPO considerations are preliminary and the controlling shareholders may still decide to lower their asking price and proceed with a sale
 "Haldiram's exploring IPO as plans to sell to foreign investors stall")
Global money tiptoeing back into Indian equities after new govt formation
About $1.2 billion flowed into the country's stocks through exchange-traded funds and mutual funds in the week ended June 5 - the day Modi secured the coalition
 "Global money tiptoeing back into Indian equities after new govt formation")
Li-ion battery plants being built to flood mkts with more cells than needed
Manufacturers have announced so many new factories that capacity will outstrip demand for the rest of the decade
 "Li-ion battery plants being built to flood mkts with more cells than needed")
Slowdown in EV sales steers the world further off course from net zero
The outlook for fully electric vehicles has markedly deteriorated in the past year. BNEF began the 2023 edition of its EV Outlook by highlighting the profound transformation
 "Slowdown in EV sales steers the world further off course from net zero")
Insurance helped 46,000 women avoid deadly work during heat waves in India
With climate change raising temperatures during heat waves, millions of Indians face a difficult choice: work in dangerous conditions or go hungry
 "Insurance helped 46,000 women avoid deadly work during heat waves in India")
Byju's hedge fund ally can avoid arrest if he helps locate $533 million
The missing money is at the heart of a dispute between lenders owed $1.2 billion and the startup founded by entrepreneur Byju Raveendran
 "Byju's hedge fund ally can avoid arrest if he helps locate $533 million")
Pakistan likely to hike taxes in budget to bolster chances of IMF loan
"Everyone will have to contribute in this economy because schools or universities or hospitals can run with philanthropy but countries can only run through taxes," Pak Finance Minister Aurangzeb said
 "Pakistan likely to hike taxes in budget to bolster chances of IMF loan")
Elon Musk drops lawsuit accusing OpenAI of breaching founding mission
Musk was an early backer of the startup and part of its founding team, before he had a falling out with the company
 "Elon Musk drops lawsuit accusing OpenAI of breaching founding mission")
President Biden's plan to brand Trump a felon hit by son's conviction
The younger Biden is the first child of a sitting US president convicted of a felony
 "President Biden's plan to brand Trump a felon hit by son's conviction")
Samsung hires ex-Apple executive to lead new North America AI Center
The company made the announcement internally this week, around the same time Apple kicked off a much-anticipated expansion into AI
 "Samsung hires ex-Apple executive to lead new North America AI Center")
Human trafficking case: Nanny like second mum to family, says Ajay Hinduja
He said he wanted to thank the woman for her work for the family, adding that she's still in touch with his kids and sends them Diwali greetings by phone
 "Human trafficking case: Nanny like second mum to family, says Ajay Hinduja")
Ikea lost $5,000 each time when a worker quit, so it began paying more
For a service-driven company like Ikea, unhappy workers can quickly lead to unhappy customers
 "Ikea lost $5,000 each time when a worker quit, so it began paying more")
Blinken says Netanyahu agrees to ceasefire plan for Israel-Hamas war
Later on Tuesday during a stop in neighboring Jordan, Blinken pledged more than $400 million in US assistance for Palestinians in Gaza, the West Bank and the broader region
 "Blinken says Netanyahu agrees to ceasefire plan for Israel-Hamas war")
Apple debuts long-awaited AI tools, including ChatGPT tie-up at WWDC
Apple is making a high-stakes bid to catch up with rivals in the booming AI market. After falling behind tech peers like Alphabet Inc.'s Google and Microsoft Corp
 "Apple debuts long-awaited AI tools, including ChatGPT tie-up at WWDC")
Analysts welcome PM Modi's faith in Sitharaman as finance minister
Some analysts see spending on infrastructure, which soared under Sitharaman, to remain a big focus of the government
 "Analysts welcome PM Modi's faith in Sitharaman as finance minister")
Dozens of CVS drug recalls expose link to tainted factories in China, India
The drugs were among those sold by CVS Health Corp., the largest US pharmacy, under its store-brand label before being recalled
 "Dozens of CVS drug recalls expose link to tainted factories in China, India")
In latest setback, Tesla must face autopilot false ad claims by DMV
Monday's ruling comes less than a month after a federal judge in San Francisco ruled that Tesla must face a proposed class-action lawsuit by consumers making similar claims
 "In latest setback, Tesla must face autopilot false ad claims by DMV")
World's largest vaccine maker Serum Institute sees demand doubling in 5 yrs
The world's largest vaccine maker currently has the capacity to produce 3 billion doses of all types of vaccines each year, but only sells about 1.5 billion doses annually
 "World's largest vaccine maker Serum Institute sees demand doubling in 5 yrs")
