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Amazon to invest $13 bn in Australia's data center infra over five years

The investment is Amazon's largest global technology commitment in Australia, with funding directed toward new server capacity and support for generative AI workloads

Elon Musk's X recovers partially after major outage hits users in US

Reports of disruptions had dropped to around 1,041 by 7:42 p.m. ET, down from a peak of more than 10,000, according to Downdetector

Israel strikes Iran for second night; Iran says 'gates of hell' will open

Israel said that Iran had launched around 100 drones towards Israeli territory on Friday, but Iran denied this and there were no reports of drones reaching Israeli targets

US gave regional allies heads up on Israel's planned attack on Iran: Report

In a diplomatic note sent out Thursday afternoon, the State Department confirmed that the Israeli attack was set to take place late on Thursday. Qatar was among the countries which received heads up

Sun Pharma appoints Kirti Ganorkar as MD after shareholders' approval

Gonarkar has been heading Sun Pharma's India business since 2019 and has previously held roles in marketing, new product introduction, among others, within the company

Air France-KLM CEO backs Boeing 787 after Air India crash in Ahmedabad

Speaking at the same event, Airbus CEO Guillaume Faury also expressed condolences to families of victims of the crash, the worst aviation disaster in a decade

Nabard gets approval to raise ₹19.5K cr via deep-discount zero-coupon bonds

Nabard can raise funds via these deep-discount zero-coupon bonds, which mature in 10 years, 11 months, and 13 days, until the end of March 2027, a government document showed on Friday

India moves to conserve rare earths, seeks halt to exports to Japan

In a recent meeting with auto and other industry executives, Indian Commerce Minister Piyush Goyal asked IREL to stop its exports of rare earths

UK's Pearson to raise India headcount by 43% as market becomes key focus

Pearson India operates in education and assessment markets, targeting school goers, students aspiring for colleges overseas and corporate professionals

Oil prices jump over 11% as Israel strikes Iran, rattling investors

US West Texas Intermediate crude was up $5.38, or 7.91 per cent, at $73.42 a barrel after hitting a high of $74.35, the loftiest since February 3

Ahmedabad airplane crash latest crisis for Boeing's new leadership

Boeing was deemed responsible for three high-profile accidents involving 737 MAX narrow-body planes in recent years, including two fatal crashes

Boeing CEO cancels Paris trip, GE postpones investor day after AI crash

Boeing CEO Kelly Ortberg said in a message to staff on Thursday evening that he and Boeing Commercial Airplanes boss Stephanie Pope had canceled plans to attend the Paris Airshow

RBI allows STRIPS trading for state government bonds to boost liquidity

STRIPS allow dealers to sell principal and interest payments independently, enhancing liquidity in the state government securities market by enabling distinct trading of these components

RBI skips 14-day main liquidity operation for third straight fortnight

Market participants had expected the RBI to conduct a 14-day variable rate repo auction on Friday on account of the upcoming tax outflows which are seen sucking out rupee funds from the banking system

BioNtech to buy CureVac in $1.25 billion share deal to boost cancer focus

CureVac about a year ago opted to focus on oncology when it agreed to sell its remaining influenza and COVID-19 vaccine development to its alliance partner, Britain's GSK

OneSource eyes weight-loss drug boost to order book

Global drugmakers, including generic drug manufacturers in India, are racing to develop their versions of blockbuster injectable obesity drugs from Denmark's Novo Nordisk and U.S.-based Eli Lilly

Boeing shares fall after Air India flight crashes near Ahmedabad airport

It was not immediately clear what caused the crash. Boeing did not immediately respond to a Reuters' request for comment

Nintendo sells more than 3.5 million units within four days of launch

Nintendo has claimed Switch 2 to be the company's fastest-selling gaming device to date, selling more than 3.5 million units in just four days since its launch

Warner Bros' credit rating downgraded to junk by Fitch on split-up

On Monday, the entertainment conglomerate announced plans to split into two publicly traded companies

Trump urges Fed to cut rates by 1% after May inflation data release

Donald Trump called the May Consumer Price Index a 'great' number and wrote on Truth Social that the "Fed should lower one full point