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Musk wins Tesla shareholders' approval for $56 billion pay package

The approval underscores the support that Musk enjoys from Tesla's retail investor base, many of whom are vocal fans of the mercurial billionaire

After deal with Tokopedia, ByteDance confirms its layoff plan in Indonesia

ByteDance, the owner of TikTok, did not say how many employees would be affected. Bloomberg had earlier reported there would be 450 jobs cut.

Emirates fined $1.5 million by US for operating in prohibited airspace

Emirates was ordered to pay $200,000 under the 2020 order and another $200,000 if it violated the order within a year

Bound by rules, economics, EU trails US on China tariffs imposition

The more modest action stems from the EU's strong belief that trade should be based on international rules

Govt bond yields extend losses tracking US yields on rate cut bets

The futures market is pricing in 50 basis points of rate cuts this year, according to the CME FedWatch tool

Microsoft to delay release of 'Recall' AI feature amid security concerns

The Recall feature tracks web browsing to voice chats, creating a history stored on the computer that the user can search when they need to remember something they did, even months later

Blue Origin, SpaceX, ULA picked for Pentagon rocket launch contracts

The US Space Force, which manages the launch procurement program, said Blue Origin received $5 million to provide an assessment of how it will meet the Pentagon's launch requirements

FAA, EASA vow to boost collaboration on new airplane certification

Since two Boeing 737 MAX crashes in 2018 and 2019 that killed a combined 346 people, aviation regulators around the world have tightened oversight of new airplanes

Asian stocks slide, dollar at all time high, yen wobbles ahead of BOJ meet

The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week

Chinese firms apply for anti-dumping probe of pork imports from EU

The move risks escalating tensions in one of the world's key trading relationships

US govt to fund up to $500 mn for studies on oral, nasal Covid vaccines

The funding is part of Project NextGen, a $5 billion initiative led by the Biomedical Advanced Research and Development Authority (BARDA)

Rajasthan govt finds some MDH, Everest spices 'unsafe' for consumption

India's domestic market for spices was valued at $10.44 billion in 2022, according to Zion Market Research

Tesla expects to hike price of China-made Model 3 in EU due to tariff hike

The message, displayed on Tesla's website for countries including Germany, France, Ireland, Belgium, and Hungary, urged prospective buyers to place their orders in June

US weekly unemployment claims hit 10-month high; producer prices fall

That was reinforced by other data from the Labor Department on Thursday showing producer prices unexpectedly falling in May

US wishes India luck with 'structural issues' in strained China ties

Washington has sought to develop its ties with India in spite of some differences over issues including human rights

Russia says detained US reporter Gershkovich will stand trial over CIA work

Gershkovich, 32, was arrested on March 29, 2023, in the Urals city of Yekaterinburg on charges of espionage that carry up to 20 years in prison after the FSB

High shipping costs impact Vietnam's rice rates; Indian variant steady

Demand continues to come in from regular customers in Indonesia and the Philippines, said a Bangkok-based trader, adding that new demand and additional crops would come in July

Goldman Sachs aims to double lending to wealthy private bank clients

Goldman's total deposits jumped to $441 billion in the first quarter, with over 39 per cent coming from consumer accounts, versus $190 billion in total deposits at the end of 2019

US expands Russia sanctions, targets chips sent via China amid Ukraine war

Separately, the Commerce Department said it was targeting shell companies in Hong Kong for diverting semiconductors to Russia

Microsoft President Smith to testify before House panel on security lapses

China-linked hackers stole 60,000 US State Department emails last year by breaking into the tech giant's systems, while a Russian group spied on Microsoft's senior staff emails earlier this year