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Samsung Electronics' union in S Korea calls first ever walkout next week

The union, which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7

IMF upgrades China's 2024, 2025 GDP growth forecasts after 'strong' Q1

The global lender now expects the world's second-largest economy to grow 5 per cent in 2024 and to slow to 4.5 per cent in 2025

Uber to offer Seine river cruises, day trips in Paris during Olympics rush

Uber also plans to make a significant investment in driver incentives and discounts for riders

KKR-SingTel consortium leads race for $1 bn stake in data centre provider

A deal could be sealed or announced in early June, the first source added

Tech giants working closely on AI compliance, says top EU's data regulator

AI creates a number of potential issues for data privacy, the two top officials at Ireland's Data Protection Commission said in an interview on Tuesday

Lenovo to issue $2 bn of convertible bonds to Saudi's Alat to repay debt

The world's largest maker of personal computers has become the latest Chinese firm to join a rush in Asia to raise capital through convertible bonds

Judge assures shareholders that Tesla won't contest Musk's pay case

The company's shareholders vote next month to ratify the pay package that McCormick voided and to reincorporate Tesla in Texas

Musk offers factory tours to investors as he seeks support for pay package

The company is making an unusual and public effort to rally support for Musk's pay

AI Chipmaker Nvidia's market value at $2.8 trn, surges closer to Apple

Its stock surged as much as 8 per cent to $1,149.39 during the session, an intra-day record high. Apple's stock was down 0.2 per cent in afternoon trading

Dollar steady ahead of inflation data, yen weakens, Fed rate cut unlikely

The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales

Volkswagen to develop low-cost electric car to tackle Chinese rivals

The target is to produce electric vehicles for the European market priced at around 20,000 euros ($21,746), Volkswagen said, adding that a world premiere was planned for 2027

Reliance signs deal with Russia's Rosneft to buy oil in roubles: Report

A term deal with Rosneft also helps privately run Reliance to secure oil at discounted rates at a time when the OPEC+ group of oil producers is expected to extend voluntary supply cuts beyond June

Oil prices up on prospect of Opec+ holding cuts, weaker US dollar

For the online meeting of OPEC+ oil producers coming up on Sunday, traders and analysts are predicting 2.2 million barrels per day of voluntary production cuts to stay in place

US consumer confidence recovers after 3 months; inflation worries persist

While the economy is expected to slow this year as a result of the cumulative impact of 525 basis points worth of interest rate hikes from the Federal Reserve since March 2022 to tame inflation

OpenAI sets up safety committee led by CEO as it starts training new model

The committee will be responsible for making recommendations to the board on safety and security decisions for OpenAI's projects and operations

Amara Raja Q4 result: Net profit rises 62% to Rs 228 cr on strong demand

Revenue grew nearly 15% to Rs 2,797 crore, boosted by a 19% rise in the company's lead-acid batteries and allied products segment, which accounts for nearly all its revenue

Defense argues Donald Trump not guilty as hush money trial nears end

After six weeks of trial, Blanche was making his final bid to influence the 12 jurors who decide whether Trump will become the first U.S. president to be convicted of a crime

China's BYD launches new hybrid vehicle tech with lower fuel consumption

Plug-in hybrids priced from 79,800 yuan ($11,011) have made up the bulk of BYD's sales in the past three years, with an accumulated 3.6 million such cars sold by the company

Hindalco Industries owned Novelis targets $12.6 bn valuation in US IPO

The U.S. IPO market has shown positive indications of a turnaround in 2024, after two sub par years, on hopes of rate cuts in the second half of the year and a soft landing for the economy

MedPlus Health Q4 results: Consolidated net profit up 25.6% at Rs 33.39 cr

MedPlus competes with Reliance-owned Netmeds and Apollo Pharmacies among other retail pharmacies in the Indian OTC drugs market