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Japan auto safety test scandal widens, Toyota halts some shipments

The ministry ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles. It said it will conduct an on-site inspection at Toyota's central Aichi prefecture headquarters on Tuesday

AMD launches AI chips to take on leader Nvidia; plans new chip every year

AMD revealed the MI400 series AI chips, which will arrive in 2026 and will be based on an architecture called "Next"

Mexico elects Claudia Sheinbaum as country's first female president

Pollster Parametria forecast Sheinbaum winning a landslide 56 per cent of the vote, according to their exit polls

Gold prices firm on Fed rate cut hopes; investors await more US data

Spot gold was up 0.2% at $2,331.84 per ounce as of 09:49 a.m. ET (1349 GMT), after posting a 2% gain last month. Prices hit an all-time high of $2,449.89 on May 20

US factory activity slows for second month in May as new goods orders fall

The Institute for Supply Management's manufacturing purchasing managers index for May fell to 48.7 from 49.2 in April

Covid shots should target JN.1, KP.2 subvariants in 2024-25 campaign: USFDA

FDA reviewers said since the difference between JN.1 and newer subvariants such as KP.2 subvariants is not much, it is possible that vaccines developed against JN.1 may adequately protect against KP.2

Germany likely to miss 2030 climate goal, advisors calls for new policy

Expert Council on Climate Issues, which has independent authority to judge the country's climate performance, said Germany is unlikely to meet its goal to cut 65% of greenhouse gas emissions by 2030

Spotify raises US prices of its premium plans in bid to push margin

On a monthly basis, Spotify has raised prices of its individual plan to $11.99 from $10.99, duo plan to $16.99 from $14.99 and its family plan to $19.99 from $16.99 in the US

Few AI deepfakes identified in EU elections, says Microsoft President Smith

'We have to recognise the risks that AI can create in the context of creating abusive content and one form of abusive content would be AI generated deep fakes,' Smith said

Efforts should be recognised in Russia-Ukraine peace measures, says China

China has never "fanned fire or fuelled the flames", said Mao Ning, addressing a question on a peace summit

Brokers impose higher trading margins to withstand election volatility

India's benchmark equity indexes hit record highs on Monday after exit polls over the weekend predicted a landslide victory for PM Modi

Toyota, other Japan automakers under scrutiny for certification issues

The transport ministry said separately it will conduct an on-site inspection at Toyota's headquarters on Tuesday

S Korea Prez Yoon approves exploration of vast oil, gas prospects off-coast

The president said South Korea has conducted a series of explorations for oil and gas beginning in 1996 and tapped a gas reserve of the equivalent of about 4.5 million barrels

Global airlines raise profit outlook for 2024, projects $1 trn in revenue

The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this year

Microsoft to invest $3.2 billion to expand AI, cloud infra in Sweden

The investment, Microsoft's biggest to date in Sweden, includes a pledge to help train some 250,000 people with AI skills

After guilty verdict, investors weigh Trump 2.0 factor as election looms

Investors said a Trump victory could broadly boost the stock market and buoy the dollar

Nvidia says its next-generation AI chip platform to be rolled out in 2026

Nvidia is planning to release a new family of AI chips every year, accelerating its prior release schedule of roughly every two years

India's May factory growth slips to 3-month low, but remains sturdy: PMI

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.5 in May from April's 58.8, below a preliminary estimate of 58.4

Heat wave kills at least 56, nearly 25,000 heat stroke cases from March-May

In a contrast, parts of eastern India have been reeling under the impact of cyclone Remal. Heavy rain in the north eastern state of Assam has killed 14 people since Tuesday

Proposed ban on Russia's LNG transports not to impact Asia: EU commissioner

European Union proposed to ban re-loading services by EU facilities for trans-shipment of Russian LNG to third countries