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Ford forced to idle multiple US plants on China rare earth magnet shortage

Rare earths have become a flashpoint in US-China trade talks, with China using its dominance in these key materials-vital to cars, iPhones and more-as leverage in negotiations

Nvidia nears $4 trillion valuation, reclaims spot as most valuable firm

With a broadening customer base clamoring for Nvidia's latest AI accelerators and competitors still distant, bulls are betting the chipmaker's shares have plenty of room to run

US appeals against court order allowing Harvard to admit foreign students

US Judge blocks Trump's June 4 order barring international students from entering the US to attend Harvard, issuing a preliminary injunction against the policy

Dropped plans to ease Iran sanctions after Khamenei's harsh remarks: Trump

While Trump has been urging Iran to return to the table to resume nuclear talks, it is unclear if the administration was taking any steps to ease legal curbs on the Islamic Republic

Trump slams Powell, says he'll pick a Fed chair who wants to cut rates

Trump has unleashed a pressure campaign on the central bank to cut rates, repeatedly assailing Powell and arguing the Fed's policies are keeping government borrowing costs too high

Germany orders Apple, Google to remove Deepseek app over data concerns

The German move follows a similar step by Italy's privacy regulator in January. In the US, authorities have concluded that DeepSeek gave support to the Chinese military and intelligence efforts

Trump warns of July 9 tariff hike as Treasury Chief Bessent hints delay

Asked if the mid-July deadline was set in stone, Trump suggested he could even shorten the timeline for trading partners seeking deals

India faces rice storage crisis as another record harvest likely this year

Inventories totaled almost 39 million tonnes this month, according to the state-owned Food Corporation of India

Donald Trump's anti-Harvard campaign fuels interest in UK universities

An influx of US students would benefit UK universities, which have struggled financially due to stagnant domestic tuition fees and lower-than-expected international student enrolment

Masayoshi Son prepares to pick successor from within SoftBank Group

The 67-year-old has several candidates in mind, but won't make an announcement until the last minute, Son said during a general shareholders' meeting in Tokyo

Indian banks ready to lend, but tycoons show little appetite to borrow

Private sector expansion plans are at a three-year low, with bank exposure to key industries like roads, power and telecom down to 11% of their loan book, half the level seen a decade ago

US Treasury deal with G7 kills 'revenge tax' that spooked Wall Street

Section 899, dubbed the 'revenge tax,' was backed by House Republicans and the White House to counter what they saw as discriminatory taxes on US firms by several foreign nations

SpaceX seeks return of debris, rejects Mexico's pollution complaint

Sheinbaum said on Wednesday that SpaceX's Starship rocket launches in Texas have polluted an area in Mexico with debris

Funds flexing 60/40 playbook becoming investor favourites in India

The growing demand for hybrid funds may indicate the huge popularity of equity investments is starting to wane in the world's most populous economy

EU prepared for breakdown in US trade talks: European Commission prez

The European Commission president said at a press conference in the early hours of Friday that her team is still assessing the latest US tariff offer

Meta in talks to acquire AI voice startup PlayAI for talent push

The deal is not yet finalized and could still change, people familiar with the matter said. Financial terms under discussion could not be learned

Dubai, Abu Dhabi remain calm, thrive amid Iran-Israel tensions

But the Iran-Israel confrontation, which involved the US, poses one of the most stringent tests yet to the country's neutral and open-for-business stance

RBI rate cuts still possible despite neutral stance, says MPC member

Bhattacharya said the immediate liquidity withdrawal was necessary because overnight rates had fallen below the floor of the RBI's rate corridor, warranting calibration

Dollar weakens as Donald Trump considers naming next Fed chair early

Traders are viewing the news as a signal that early rate cuts are becoming more likely, given Trump has repeatedly called on Powell to lower borrowing costs

Japan can't accept US' 25% car tariffs, says trade negotiator Akazawa

Japanese automakers make roughly 3.3 million cars in the US a year, a number that's far larger than the 1.37 million that they ship there, Akazawa said