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Meta ramps up AI spending as strong ad revenue supports bold strategy

Investors cheered the plan, sending shares up as much as 12 per cent to $779.34 after markets opened in New York on Thursday

Trump gives Mexico 90-day tariff hike relief to continue trade talks

President Sheinbaum described the conversation with Trump as "really good" and said both countries have 90 days to build a long-term deal

US importers in limbo as chaotic Trump tariffs lack clear guidance

US importers and customs brokers face confusion as Trump's new tariffs lack formal notices, leaving key implementation details unclear and risking delays, penalties, and costly compliance issues

JLR CEO Adrian Mardell retires amid backlash over Jaguar rebranding

Mardell's departure marks the latest CEO change at a major automaker after new leaders for Renault SA, Stellantis NV and Volvo Car AB

China summons Nvidia over H20 chip security after US trade deal talks

The Cyberspace Administration of China called company representatives into a meeting to discuss what it deemed serious security vulnerabilities with the artificial intelligence chip

Indian oil refiners scramble for crude amid US, EU crackdown on Russia

A major buyer of Russian oil, India is now finding itself blindsided by a more aggressive approach to the Kremlin from both Washington and Brussels

Trump's tariffs threaten to deepen India's $248 bn stock market rout

India's stock benchmark has lagged most major global peers this year amid concerns over a slowdown in its economy and corporate earnings

Jane Street seeks 6 more weeks to reply to Sebi in options trade case

The Securities and Exchange Board of India is considering granting about four more weeks to the US trading firm

China launches global AI body to rival US in $4.8 trillion tech race

No nameplate for the US was seen by Bloomberg News. The US Embassy in Beijing declined to comment on any official presence

India's refiners seek clarity on Russian oil buys after Trump post

On Wednesday, the US President said that he would impose a tariff rate of 25 per cent on India's exports to the US starting on Aug 1

World Bank plans securitisation, debt swaps to boost development

"We can't do project by project," Banga said of the securitisation plans. "We don't have 100 years."

Italy said to support breakup of Iveco with sales to Tata, Leonardo

Prime Minister Giorgia Meloni's government has privately signaled it would back the proposed transaction as long as Iveco's strategically important defense unit is sold to a group led by Leonardo

UCLA to pay more than $6 million to settle lawsuit on antisemitism

UCLA became a flashpoint in spring 2024 as campus protests escalated nationwide over Israel's war against Hamas in Gaza

SBI leads $9.2 bn QIP spree as firms tap market rally to raise funds

About 40 Indian firms, led by banks, announced plans in July to raise more than ₹80,000 crore ($9.2 billion) via qualified institutional placements

Harvard to submit staff employment forms amid federal scrutiny drive

Harvard said it won't share records for students employed in roles only available to students and that it's evaluating whether such a request complies with privacy protection obligations

India may pay 20% to 25% tariff but not yet final, says Donald Trump

India has been a good friend, but India has charged basically more tariffs than almost any other country, said Donald Trump

Apple to close first retail store in China amid changing market conditions

Sales in the country fell 2.3 per cent to $16 billion in the second quarter, which ended March 29. Analysts had predicted $16.8 billion

Kremlin silent as Trump cuts new deadline for Putin to halt Ukraine war

Trump has threatened sanctions in 10-12 days on countries buying Russian exports, including energy, unless Putin agrees to ceasefire-down from the earlier 50-day deadline

Vitol hands record $10.6 bn payout to its traders in energy boom year

The disruptions from Russia's invasion of Ukraine have created an extraordinary windfall for a select group of commodity traders-profits that far exceed anything their predecessors experienced

World's biggest passenger jet, Airbus A380, is becoming costly to maintain

Two decades after its maiden flight, regulatory bulletins ordering repairs, inspections or replacement parts for the massive four-engined plane Airbus SE A380 are piling up