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'Mindbogglingly' historic deal with Harvard may be near, says Trump

Trump's upbeat tone hints at a major shift in a key controversy of his term, as he accused US colleges of antisemitism and slammed them for promoting what he calls a liberal bias

Harvard secures longer reprieve from Trump's ban on foreign students

US Judge Allison Burroughs granted Harvard a preliminary injunction blocking the Trump administration's May 22 order to revoke its ability to enrol international students

Apple executives hold internal talks about buying AI startup Perplexity

Adrian Perica, the company's head of mergers and acquisitions, has weighed the idea with services chief Eddy Cue and top AI decision-makers

Ex-Columbia grad student Mahmoud Khalil released from ICE custody

Khalil claimed he'd been unlawfully held in retaliation for his activities to oppose Israel's war in Gaza with Hamas

UK heat wave could claim nearly 600 lives this week, scientists warn

Saturday is expected to be the deadliest day, with an estimate of 266 heat-related deaths, nearly half of which could be recorded in London, according to the researchers

US universities win case striking down agency's 15% research cost cap

Judge Talwani struck down the cap on Friday, finding it "arbitrary, capricious and contrary to the law," granting summary judgment to the suing schools plus the Association of American Universities

US Fed Reserve says labour market balanced, points to immigration slowdown

The report described the labor market as being in 'solid shape', with jobs growing at a 'moderate' pace and the unemployment rate low

SoftBank pitches $1 trillion AI, robotics hub in US to TSMC, Trump team

SoftBank officials are keen to have the Taiwanese maker of Nvidia Corp.'s advanced AI chips play a prominent role in the project

Fed must prepare to act swiftly if economic data starts going sideways

Given all of the uncertainty, Powell is right to stay in wait-and-see mode, but he can't linger there too long once the data breaks

Waller sees room for Fed to cut rates amid easing inflation concerns

Waller said economic data show GDP growth and inflation are running close to the central bank's targets

'Front-loaded' repo rate cut meant to spur demand, show MPC meeting minutes

The Reserve Bank of India's rate-setting panel delivered a 50 basis points interest rate cut earlier this month and announced liquidity measures for the banking system

UK car theft crisis near 15-year high as manufacturers face high-tech gangs

Car theft is a growing problem in the UK, as almost 130,000 vehicles were stolen in the year ending March 2024-near a 15-year high-costing insurers $867 million

Foreign automakers' market share in China projected to shrink further

Despite persistent competitive pressures, the nation's aggressive car price war is expected to evolve, rather than abate

A-I crash: Govt seeks law banning non-conforming structures near airports

The proposal seeks to empower India's aviation regulator to examine complaints of unlawful construction and order owners to trim trees or reduce the height of a non-conforming building within 60 days

All my 100+ children will inherit my $13.9 billion fortune: Telegram CEO

The 40-year-old tycoon is known for his sometimes provocative behavior, congratulating his 11.1 million subscribers at Easter with a Telegram post where he appeared with a naked torso

India's largest port builder to raise ₹30,000 cr for Vadhvan project

The $9 billion port project is a major undertaking for Prime Minister Narendra Modi, who laid the port's foundation stone last year

Indian IPO market heads for busiest week with $1.7 billion in deals

The offerings indicate share sales in India are bouncing back after a lull in the first quarter, helped by a 12% rally in the benchmark NSE Nifty 50 Index from its March low

Shell CEO warns of 'huge impact' on trade if Strait of Hormuz blocked

The global energy market has been transfixed by the conflict between Israel and Iran, including the possibility the US may decide to join the assault

Trump's tariffs seen raising US car prices by nearly $2,000 per vehicle

The firm expects auto companies to pass along 80 per cent of the cost of Trump's tariffs, which it calculates as $1,760 more per car

Microsoft planning thousands more job cuts in sales amid focus on AI

The cuts are expected to be announced early next month, following the end of Microsoft's fiscal year