Page 78 - Bloomberg/workspace/business Standard Web/video

Big bets: OpenAI nabbing Microsoft customers, fuelling partners' rivalry

OpenAI has inked deals with rival cloud computing partners and spent much of the past two years building out a suite of paid subscription products for businesses, schools and individuals

Donald Trump eases pressure on Iran by saying China can buy its oil

The shift comes mere hours after Trump declared that Iran and Israel had agreed on a ceasefire, which got off to a shaky start with early breaches of the deal by both sides

China slams Taiwan's President Lai for speech mentioning independence

China's fear is that Lai will go beyond those words and formalise independence with steps such as writing it into the constitution

Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025

The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal

Air India suspends Europe, US east coast flights amid Middle East conflict

Some flights heading for India were forced to return to their point of origin or were being re-routed

US judge extends block on Trump-era ban on foreign students at Harvard

US District Judge Allison Burroughs granted Harvard a preliminary injunction blocking enforcement of a June 4 proclamation that bars international students from entering the US

Warburg in talks to sell 10% stake in SBI General to Premji Invest, SBI

Premji Invest and New York-based Warburg Pincus agreed to buy 16.01 per cent and 9.99 per cent of SBI General Insurance, respectively, in 2019 from Insurance Australia Group Ltd

Asia's oil lifeline at risk as Iran conflict threatens key trade routes

Asia buys more than four-fifths of all the crude produced in the Middle East, and 90 per cent of that goes through the Strait of Hormuz

EV cost no longer a top concern as Uber drivers worry about charging access

The challenge will be tackling the new No. 1 concern - charging difficulties - especially for a company that depends on drivers who typically lack access to home charging

Honda supplier hit hard as US-China trade war escalates across key sectors

For Daido Steel, the trade war has triggered a renewed effort to develop rare earth supply chains beyond China, which controls 70% of mining and 90% of global refining of these critical metals

US strike dealt major blow to Iran's nuclear site, says Netanyahu

Israel hailed US involvement in June 13 strikes on Iran, marking first combat use of bunker-buster bombs to target Fordow's fortified nuclear and missile facilities

World braces for Iran's response after US airstrikes signal new era

Trump's use of bunker-buster bombs in first US strike on Iran marks a major shift, pushing the Middle East into uncharted territory and heightening geopolitical risks for the global economy

Iran strikes threaten to split GOP at crucial moment for Trump's agenda

After the attack, the White House carefully avoided angering Trump's "America First" base, which opposes US involvement in foreign military conflicts

Tesla launches long-awaited robotaxi service with low-key rollout

The first robotaxi trips were limited to a narrow portion of Tesla's hometown of Austin, with an employee in each vehicle keeping tabs on the operations

Air India crash risks fueling up to 30% jump in airline insurance premia

Insurance claims for the Air India crash are expected in the realm of $475 million, including those for the aircraft's hull and engine as well as additional liability for loss of life

US state dept issues 'worldwide caution' for Americans after attack on Iran

The conflict between Israel and Iran has resulted in disruptions to travel and periodic closure of airspace across the Middle East, the State Department said

Central banks in Asia scale back currency intervention as dollar weakens

The greenback has plummeted against major currencies this year, suffering drops of around 10% against the euro and the Swiss franc

B-2 stealth bombers take off from US as Donald Trump weighs Iran strike

The moves, picked up by flight tracking services on Saturday, indicate that the administration is getting the Air Force bombers in position if needed for a strike on Iran

Security key to Hong Kong's continued prosperity, says China's HK official

Xia's speech at the forum represents the most public appearance he has made during his five-day trip that began Wednesday, which has included meetings with political and business leaders

India to face limited inflation impact from oil surge: CEA Nageswaran

Nageswaran said good monsoon rains, that irrigate more than half of the country's farmlands, will also bode well for the economy