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Bloomberg
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Apple CEO Cook meets Chinese commerce minister, unveils investment plans
He said China is promoting tech innovation, and that sectors like artificial intelligence and cloud computing offer massive opportunities to companies like Apple
 "Apple CEO Cook meets Chinese commerce minister, unveils investment plans")
China relaxes rules governing cross-border data flows on business pressure
"The relaxations are meaningful. This is the government's response to foreign companies' complaints," said Tom Nunlist, an analyst at consultancy Trivium
 "China relaxes rules governing cross-border data flows on business pressure")
Chinese firm which stole Tesla battery tech, peddled it on YouTube, says US
The US alleges Pflugbeil and another defendant started selling Tesla's proprietary battery production technology from their own startup in China
 "Chinese firm which stole Tesla battery tech, peddled it on YouTube, says US")
Deadliest terror attack in decade shakes Russia after Putin's vote triumph
Some Russian state-media commentators suggested Kyiv may be to blame, but Ukraine denied any role, calling it a false-flag operation by the Kremlin
 "Deadliest terror attack in decade shakes Russia after Putin's vote triumph")
Ukraine sees power outages after largest missile barrage of the year
Moscow's goal is to disable Ukraine's power system via the same means as last year, Energy Minister German Galushchenko said in an emailed statement
 "Ukraine sees power outages after largest missile barrage of the year")
Powell's words are mightier than the Fed's dot plot
Even with the caveat at the end, traders heard enough to set the S&P 500 Index on its way to an all-time high
 "Powell's words are mightier than the Fed's dot plot")
China looking into PwC's role in $78 billion Evergrande fraud case
No decision has been made on whether to penalize the auditor
 "China looking into PwC's role in $78 billion Evergrande fraud case")
Smallcap rout dents equity trading volumes amid mega block deals
The daily cash trading volume has shrunk to $10 billion from a record $19 billion in early February, with recent sessions account for the bulk of the decline, data compiled by Bloomberg show
 "Smallcap rout dents equity trading volumes amid mega block deals")
Indian refiners refuse to take Russian oil delivered on Sovcomflot tankers
Private and state-run processors including the biggest - Indian Oil Corp. - have stopped taking cargoes if they're on Sovcomflot tankers
 "Indian refiners refuse to take Russian oil delivered on Sovcomflot tankers")
Budget carrier IndiGo forecasts slowdown in capacity growth next year
The carrier aims to add more than one aircraft to its fleet every week next year. As of Feb 29, it operated 366 planes, and had a further 960 on order
 "Budget carrier IndiGo forecasts slowdown in capacity growth next year")
IndiGo exploring purchase of widebody aircraft to counter Air India
IndiGo has repeatedly toyed with the idea of introducing long-haul services to tap the growing pool of affluent Indians flying further afield to places such as the UK and Europe
 "IndiGo exploring purchase of widebody aircraft to counter Air India")
Boeing's directors plan to meet top airline chiefs without CEO Dave Calhoun
The CEOs of multiple prominent airlines have aired frustration with the state of Boeing's operations since the January accident
 "Boeing's directors plan to meet top airline chiefs without CEO Dave Calhoun")
Apple loses $113 billion in value as European, US regulators close in
Once the world's most valuable firm at more than $3 trillion, Apple has underperformed both the Nasdaq 100 and the S&P 500 in 2024
 "Apple loses $113 billion in value as European, US regulators close in")
Indian Premier League's return to kickstart two-month spending boom
The IPL ecosystem was valued at Rs 92,500 crore ($11 billion) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory
 "Indian Premier League's return to kickstart two-month spending boom")
FedEx plans $5 bn buyback as CEO's cost-cutting measures yield results
The shares rose as much as 13% after regular trading in New York, while competitor United Parcel Service Inc. advanced 3.4%
 "FedEx plans $5 bn buyback as CEO's cost-cutting measures yield results")
Microsoft to pay Inflection AI $650 mn after scooping up most of staff
As part of the deal, Microsoft will pay $620 million to license Inflection's AI models and around $30 million for waiving any legal rights related to the mass hiring
 "Microsoft to pay Inflection AI $650 mn after scooping up most of staff")
Meta, Microsoft, X join forces against Apple's App Store payment plans
The filing marks the latest volley in the back-and-forth over Apple's tight control over its app marketplace, which is one of the world's two dominant stores alongside Alphabet Inc.'s Google Play
 "Meta, Microsoft, X join forces against Apple's App Store payment plans")
Switzerland unexpectedly cut key interest rate by 25 basis points to 1.5%
Officials in Zurich lowered their benchmark to 1.5%, the first such reduction for one of the world's 10 most-traded currencies since the pandemic abated
 "Switzerland unexpectedly cut key interest rate by 25 basis points to 1.5%")
UBS Group plans to shut thousands of smaller Credit Suisse accounts in Asia
The lender is reviewing the accounts with a balance of around $2 million or less, said the people, who asked not to be identified discussing private information
 "UBS Group plans to shut thousands of smaller Credit Suisse accounts in Asia")
Jindal Steel & Power takes on ops at Venezuela's largest iron-ore mill
Jindal officials are carrying out inspections at iron-ore plants of CVG Ferrominera Orinoco, according to two people familiar with the process, who asked not to be named as information isn't public
 "Jindal Steel & Power takes on ops at Venezuela's largest iron-ore mill")
