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Meta hit with record $1.3-billion fine in EU over US data transfers

Meta given six months to stop 'the unlawful processing, including storage, in the US' of transferred personal EU data

Debt call with McCarthy 'went well', will talk again today: Joe Biden

"It went well," the president told reporters as he arrived back at the White House after a three-day meeting with G7 leaders in Japan. "We'll talk tomorrow"

Investors seek shelter in emerging markets as recession risk hits US

Some 61% of the 234 money managers, analysts and traders surveyed said they expect to increase exposure to developing assets in the next 12 months

Crippling heatwaves deepen Asia's reliance on Russian coal, natural gas

Russian exports to Asia of thermal coal and natural gas, the two fuels most often used for electricity generation, have grown markedly this year, figures from data intelligence firm Kpler show

SC panel report suggests Adani probe will only produce heat, not light

Thanks to a 173-page report by a six-member panel appointed by India's Supreme Court, we now have a fairly good idea of where the country's probe into the Adani Group is headed: Nowhere

G7 summit: Ukraine President meets leaders, group sharpens China policy

In formal sessions Saturday, the G-7 wealthy democracies focused on China's role in the global economy, unveiling a new mechanism to tackle what they see as economic coercion

G-7 leaders agree to set up 'Hiroshima Process' to govern generative AI

The fear is that advancements; which can produce human-sounding text, and generate images, videos, if allowed to progress unchecked, could be a powerful tool for disinformation, political disruption

Fighting climate change: As developed nations fall behind, India takes lead

India has made green development, climate finance and sustainable lifestyles its number one priority in its G20 presidency this year, and has reportedly weighed joining the Climate Club

Pakistan investors brace for thunderbolt as Imran Khan tests army

The rupee slid to a record-low 299 per dollar at close last week and ended at 285.6 on Thursday. The currency has lost about 20 per cent this year, among the worst performers in the world.

Republican negotiators walk out of debt talks, say White House unreasonable

"Unless they (WH) are willing to have reasonable conversations about how you can actually move forward and do the right thing, we're not going to sit here and talk to ourselves"

This year's El Nino may be $3-trn setback for global economy by 2029

The paper, by Dartmouth Earth system scientists Christopher Callahan and Justin Mankin and published in the journal Science

Powell signals a rate pause in June, says Fed can afford to watch data

Officials raised rates by a quarter percentage point earlier this month to a target range of 5 to 5.25 per cent and signaled they could pause. They next meet June 13-14

Ford CEO Farley out to prove Wall Street wrong on 'crazy high' EV goal

Wall Street still needs a lot of convincing. Ford projects losses from its EV unit to be $3 billion this year. Meanwhile, Tesla continues to dominate the US market and has been cutting prices

Tesla delegation stops short of committing to India plant in renewed talks

A delegation of Tesla Inc. executives to India discussed the possible local sourcing of components and incentives but stopped short of proposing to build vehicles in the country

Apple, Samsung looking to expand in India, says MoS Rajeev Chandrasekhar

India is launching a $2 billion plan to boost local output of laptops, servers, tablets and other electronics

Adani Group stocks lose $10 billion in value as MSCI exclusion weighs

Adani Total Gas Ltd. and Adani Transmission Ltd. - the two stocks to be dropped from the MSCI India gauge at the end of this month

RBI dividends to Centre may double due to gains, aiding fiscal gap

The RBI board is set to meet on Friday as early signs of slowing growth emerge with elevated interest rates and falling global demand

Edtech startup Byju's sued by creditor Glas Trust Company tied to $1.2 bn

Byju's started negotiating its credit agreement after it breached investor protections on the debt by missing a deadline to disclose annual financial results

Potential spin-off: Sony weighs finance arm IPO to fuel investment push

Its shares rose 6.4 per cent in Tokyo, their biggest jump in six months

US unemployment claims tumbled last week after fraud-inflated jump

Some economists have been wary about drawing strong conclusions from the data amid reports that fraudulent claims have been behind the recent upward trend in filings