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Wall St dips after report of Trump eyeing steep tariffs on EU goods

Industrial giant 3M fell about 5 per cent after the company said the impact of tariffs will mostly be felt in the second half of the year

JPMorgan starts research coverage of top private firms like OpenAI

The largest US lender released its first report on OpenAI, the company that spurred Wall Street's AI gold rush, according to an internal memo seen by Reuters

Trump seeks 15-20% minimum tariffs on EU goods despite trade talks

Trump has also been unmoved by the latest EU offer to reduce car tariffs, and would keep duties on the sector at 25 per cent as planned, the report said citing unnamed sources.

NITI Aayog recommends easing investment rules for Chinese companies

Currently, all investment by Chinese entities in Indian companies need to gain a security clearance from both India's home and foreign ministries

JLR delays launch of Range Rover, Jaguar electric vehicles: Report

JLR has told customers deliveries of the Range Rover Electric won't start until next year, the report said, while a source told the newspaper that Jaguar's first EV will start production in Aug 2026

Tata Motors in talks to acquire European truckmaker Iveco: Report

India's Tata Motors has approached Exor, the Agnellis' investment company, over its controlling stake in Iveco Group, two of the sources said. A sale would not include Iveco's IDV defence business

Zelenskiy says talks with Russia for peace, needs 'more momentum'

Two rounds of talks between Ukraine and Russia in Turkey earlier this year have yielded little more than an agreement to exchange prisoners and soldiers' remains

India criticises EU sanctions on Russia, including Gujarat refinery

The "Government of India considers the provision of energy security a responsibility of paramount importance to meet the basic needs of its citizens," said MEA

Fed holds off on rate cuts as inflation risks outweigh Trump pressure

Powell and other Fed officials said they expected price increases to quicken this summer

American Express exceeds profit expectations on continued robust spending

Excluding one-time items, AmEx earned $4.08 per share for the three months ended June 30, compared with the $3.89 per share analysts were expecting, according to estimates compiled by LSEG

Gold heads for weekly dip as platinum surges to near 11-year high

The dollar is down 0.4 per cent for the day, but is headed for a second straight weekly rise. A stronger dollar tends to make gold expensive for buyers holding other currencies

Apple reseller Ample to grow revenue by a third as it expands, says CEO

The firm plans to expand its footprint to approximately 175 stores across brands within three years, Ample founder and CEO Rajesh Narang said

Asian shares track Wall Street higher, yen weak ahead of Japan vote

Overnight, the S&P 500 and the Nasdaq again closed at record highs as US data including retail sales and jobless claims beat forecasts, indicating a modest improvement in the economy

What are engine fuel switches at the centre of Air India crash probe

According to the flight recorder, a few seconds after takeoff, switches for both engines transitioned to 'CUTOFF' from 'RUN' one after another with a time gap of one second

US strikes destroyed only one of three Iranian nuclear sites: Report

The report said that US officials believe the attack on Iran's Fordow nuclear facility was successful in setting back enrichment capabilities there by as much as two years, citing two current official

Brazil's Lula open to talks with Trump amid trade spat, says minister

Brazil's Lula open to talks with Trump amid trade spat, says minister

Wells Fargo suspends China travel after employee exit ban: Report

The US banking giant's Chenyue Mao was subjected to an exit ban after she entered China in recent weeks, the Wall Street Journal reported, citing people familiar with the matter

ONGC plans new 200,000-240,000 BPD refinery in Gujarat's Jamnagar

India, the world's third-biggest oil importer and consumer, wants to position itself as a global refining hub and is expanding capacity.

Axis Bank Q1 results: Profit dips 3.8% to ₹5,806 cr on bad loan provisions

The country's fourth-largest private lender by market capitalisation reported a standalone net profit of 58.06 billion rupees ($674.8 million) for the quarter ended June 30

Denmark aims to build world's most powerful quantum computer, Magne

Microsoft, which has its largest quantum lab in Denmark, will provide software and Atom Computing will build the quantum computer