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Oil touches 2-week high after drone attack on UAE nuclear power plant

Brent ‌crude futures climbed $1.65, or 1.51 per cent, to $110.91 a barrel by 0703 GMT, but were off the $112 they had touched earlier for their highest since May 5

China's April growth slows as factory output, retail sales miss forecasts

Retail sales, a gauge of consumption, rose just 0.2 per cent in April, cooling sharply from 1.7 per cent in March and marking the weakest gain since December 2022

Gold slips to over one-month low as West Asia tensions lift oil prices

Gold was pressured by rising geopolitical tensions after a drone strike caused a fire at a nuclear power plant in the United Arab Emirates, lifting crude prices and bets of interest rates

Asian shares slip as drone attacks in Gulf lift oil prices, bond yields

Japan's Nikkei eased 0.4 per cent, having fallen 2 per cent last week, though that was from record highs

Abu Dhabi says drone strike caused fire at Barakah Nuclear Power Plant

No injuries were reported, radiological safety levels were unaffected and the Federal Authority for Nuclear Regulation confirmed the plant's essential systems are operating normally

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

Trump said he was considering whether to lift US sanctions on Chinese oil companies buying Iranian oil. China is the biggest buyer of Iranian oil

Explained: Why Tata Sons is facing mounting pressure to go public

Until now, Tata Sons has remained unlisted, but there is now pressure to list from ​internal stakeholders, including its second largest shareholder, the Shapoorji Paloonji (SP) Group

Arohan Financial Services files for IPO, plans ₹600 crore fresh issue

The filing comes more than a year after the Reserve Bank of India removed lending restrictions it had imposed on the firm and other non-bank lenders due to 'usurious' pricing and high markups

Ackman's Pershing Square takes Microsoft stake after stock declines

Ackman argued that Microsoft sits at a "highly compelling valuation" after a recent decline in its stock

OpenAI explores legal action against Apple over ChatGPT integration: Report

In 2024, Apple announced integration of its "Apple Intelligence" technology across its apps including Siri and bringing OpenAI's chatbot ChatGPT to its devices

Reliance-Disney launch legal battle against Zee over Bollywood films

Zee "is a habitual infringer", JioStar said in its 120-page plea, accusing Zee of continuing to "engage in the unauthorised broadcast and exploitation of the films"

Donald Trump leaves Beijing with few wins but warm words for Xi Jinping

During a huddle with reporters on the way back to the US, Trump said Xi told him he opposed Taiwan's independence

India's April unemployment rate increases to 5.2%, shows govt data

A Reuters poll had projected the April unemployment rate at 5.2%

Brics talks end without joint statement, exposing divisions over Iran war

Without naming the UAE, Iranian Foreign Minister Abbas Araqchi told a news conference that a Brics member blocked some parts of the statement

Rupee slides to record low past 96/$ as oil nears $110 per barrel

The rupee fell 0.3 per cent to 96.05 per US dollar, eclipsing its previous all-time low of 95.9575 in the previous session

Devyani International Q4 result: Loss narrows to ₹10 cr on strong KFC sales

The operator of KFC ​and Pizza Hut ‌outlets in India reported a consolidated net loss of ‌₹10.04 crore ($1.05 million) ‌compared to a loss ‌of ₹14.74 crore a year ago

Oil price rises over 1% after Trump says he is losing patience with Iran

Brent crude oil futures rose $1.32, or 1.25 per cent, to $107.04 a ‌barrel by 0425 GMT, while US West Texas Intermediate futures were up $1.33, or 1.31 per cent, to $102.50

Redington shifts to air freight as West Asia conflict disrupts trade

Air freight ‌rates have surged since the US-Israeli war on Iran began at the end of February, as higher fuel costs and disrupted sea shipments squeeze capacity

Asian shares pressured by inflation worries as oil prices extend rally

Japan's Nikkei also dropped 1.2 per cent as data showed the country's wholesale inflation accelerated to 4.9 per cent in April, the fastest pace in three years

Musk's lawyer challenges Altman's credibility as OpenAI trial nears end

OpenAI has said the organization is stronger as a for-profit entity, including the nonprofit that is now a shareholder of the corporation, and that Musk simply wanted control