Reuters

Asian stocks rise on AI enthusiasm as investors await Trump-Xi meeting

Japan's Nikkei was perched at a new all-time peak with data showing AI-linked demand partly helped lift earnings for Japanese firms

Air India flight cuts pave way for Lufthansa, Cathay expansion in India

Foreign airlines' share of India-origin international scheduled flights rose ‌to 58.4 per cent in March-May, from 51.2 per cent a year earlier, OAG data shows

Oil prices edge higher as investors eye Trump-Xi meeting amid Iran war

Brent crude futures were up 13 cents, or 0.12 per cent, to $105.76 a barrel by 0015 GMT, while US West Texas Intermediate futures rose 12 cents, or 0.12 per cent, to $101.14

Cisco to cut nearly 4,000 jobs in AI-focused restructuring as orders surge

The company said it was making strategic investments in silicon, optics, security and employees' use of AI across the company, as it reduces roles in some areas

Havana faces up to 22-hour blackouts as Cuba runs out of diesel, fuel oil

Only a single large oil tanker, the Russian-flagged Anatoly Kolodkin, has delivered crude oil to Cuba since December, providing temporary relief to the island in April

India bans exports of raw, white and refined sugar with immediate effect

The ban applies to raw, white and ‌refined sugar and marks a shift in policy from "restricted" to "prohibited", according to a notification

Netanyahu held secret UAE meeting with president during Iran war

According to the statement, the meeting resulted in a "historic breakthrough" in relations between Israel and the UAE

Cipla Q4 results: Net profit falls 54.6% to ₹555 crore, revenue drops 2.8%

Total revenue from operations fell 2.8 per cent to ₹6,541 crore, below the average expectations of ₹6,749 crore, hurt by a sales decline in its key North America market

Meta seeks to avoid EU fine with free WhatsApp access for rival AI chatbots

As part of ongoing discussions with the European Commission, general-purpose AI chatbots operating in the EEA will be given free access to the WhatsApp business API for one month.

Oil prices fall on teetering Iran ceasefire as Trump heads to China

Brent crude futures dropped $1.22, ​or 1.1%, to $106.55 a barrel at 0410 GMT while US West Texas Intermediate futures fell $1.16, or 1.1%, to $101.02

Stopping Iran's nuclear program outweighs Americans' economic pain: Trump

Trump framed his approach as a matter of national and global security, suggesting economic concerns were secondary to preventing nuclear proliferation

India set for record DAP import in single tender amid supply fears

The purchases, equivalent to about a quarter of India's annual DAP imports, are likely to tighten global supplies and support prices

Asian markets falter as hot US inflation, shaky Iran ceasefire weigh

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.6 per cent, down for a second day ​as Korean shares fell as much as 3.2 per cent before rebounding

Govt raises import tariffs on gold, silver to 15% to curb imports

The higher duties could ‌dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit and support the rupee

Iran could enrich uranium to weapons-grade if attacked again, says lawmaker

The fate of around 400kg of uranium enriched to 60 per cent , a short technical step from roughly 90 per cent weapons-grade material, remains unclear

UK PM defies calls to resign even as revolt within Labour party grows

All eyes were on a clutch of senior party figures, such as health minister Wes Streeting who has made little secret of his ambition to become prime minister one day

US consumer inflation rises 3.8% in April, highest since May 2023

In the 12 months through April, the CPI advanced 3.8 per cent . That was the biggest year-on-year increase since May 2023 and followed a 3.3 per cent rise in March

India, Russia in advanced talks for critical minerals agreement: Report

New Delhi has signed critical minerals agreements with Argentina, Australia and Japan, and is in talks with Peru and Chile on broader bilateral agreements that also include critical minerals

Indian banks resume gold, silver imports after month-long halt over 3% levy

The resumption is expected to boost the country's gold imports, widen ‌the trade deficit and put more pressure on the rupee, which is among Asia's worst-performing currencies this year

EXIM Bank plans to raise ₹99,500 cr funds in FY27 amid global volatility

The wholly state-owned EXIM Bank, which provides export financing and ‌backs loans granted by commercial lenders to buyers of Indian goods, expects to tap the domestic market for around ₹66,000 crore