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Alibaba unveils new AI model in Qwen series for multimodal processing

Alibaba said in a statement that its new Qwen2.5-Omni-7B system demonstrated particularly high performance in speech understanding and generation

OpenAI close to finalising $40 bn SoftBank-led funding at $300 bn valuation

The deal is set to value the company at $300 billion including dollars raised - almost double the ChatGPT maker's previous valuation of $157 billion from when it raised money in October

Venezuela increases oil exports to China as US secondary tariff tightens

Venezuela's oil industry is facing its biggest threat since the first Trump administration essentially banned US imports of oil from the country in 2019

US seeks control over Ukraine investments, sidelining European allies

If accepted, the partnership agreement would bestow enormous power on the US to control investments into Ukraine in projects including roads and railways, ports, mines, oil and gas

Porsche, Mercedes face $3.7 bn hit from Trump tariffs on imported cars

Trump's additional 25 per cent duties, to be collected from April 3, could wipe out around a quarter of Porsche and Mercedes' projected 2026 operating earnings

RBI to meet bankers next week to discuss changes in liquidity framework

Reserve Bank of India is scheduled to meet bank economists on April 3 to take feedback on proposed revisions

Thousands of Palestinians protest in Gaza in rare call to end Hamas's rule

The demonstrations against Hamas have been largely peaceful, with the militant group's police and security forces rarely appearing in public

Elon Musk one of the few winners from Donald Trump's auto tariffs

The electric vehicle maker has large factories in California and Texas that churn out all the cars it sells in the US

RBI Guv Sanjay Malhotra raises rate cut hopes with growth-focused policy

Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system

Donald Trump blocks 10% of funds for key agency in US-China tech race

Trump administration on Monday effectively canceled $20 million in funding for the Commerce Department's Bureau of Industry and Security

Reciprocal tariff plan on all nations 'lenient', says Donald Trump

We have not been treated nicely by other countries, but we're going to be nice. So I think people will be pleasantly surprised, he said

Nissan's New CEO says it needs partners and is open to Honda tie-up

The top items on Espinosa's to-do list will be to seek collaborations with companies that would help Nissan develop electric vehicles

Chinese tech industry floods market with AI models after DeepSeek success

Since DeepSeek upstaged OpenAI with a model that purportedly cost just several million dollars to build, China's tech leaders have flooded the market with a number of low-cost AI-services

Scaled-back US visit to Greenland by JD Vance eases tensions with Denmark

The updated itinerary represents somewhat of a retreat of an initially planned three-day visit with participation of a full US delegation including NSA Mike Waltz, Energy Secretary Chris Wright

Trump could impose copper import tariffs within weeks, not months

The investigation already is looking like little more than a formality, some of the people said, with Trump having regularly said he plans to impose the tariff

Reliance pauses buying of Venezuelan oil after Trump authorises 25% tariff

Reliance secured waivers from the US last year to resume importing crude from Venezuela, and Kpler estimates the refiner has taken 6.5 million barrels since the start of the year

LG's India IPO may see lower valuation of $10.5-11.5 bn amid market decline

While the valuation figure is potentially lower, LG Electronics India might raise as much as $1.7 billion in the IPO, which is more than originally anticipated

Why India's high taxes are proving to be a buzz-kill for global investors

While global funds marked their first weekly purchase of local stocks in 2025 last week, they have been big sellers this year

BOI's first dollar loan deal in over a decade raises $400 mn, woos 22 banks

The deal is latest sign of growing appeal of Indian assets to global investors and lenders, with its bonds posting strong monthly inflows and stocks recuperating from a trillion dollar selloff

US Senate confirms Jay Bhattacharya, Marty Makary for top US health posts

Senate voted 53-47 along party lines to confirm Jay Bhattacharya, a Stanford University health economist and physician, to lead the National Institutes of Health