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Aviation summit opens amid aircraft shortages, supply chain turbulence

Aviation was hit hard by the pandemic which saw air travel collapse only to bounce back sharply. That has left many firms scrambling to resolve labour and parts shortages

Reddit strikes deals with sports leagues to attract more ad revenue

Reddit, which was at the center of the 2021 meme-stock frenzy, had reported a 48% jump in its first-quarter revenue in May and said it could post an adjusted profit in the second quarter

Porsche tones down EV ambitions, says mobility transition will take 'years'

"The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement

Air travel demand normalises after Covid boom, customers back to basics

Ryanair reported earlier on Monday a bigger than expected drop in quarterly profit as fares plunged 15 per cent, with management saying that ticket prices were continuing to deteriorate

CCI sends antitrust queries to Reliance, Disney for $8.5 bn merger: Report

The CCI has also asked the companies details on which entity owns which sports rights and for how long, as well as information on who had bid for them previously

Tesla to have humanoid robots for internal use by next year: Elon Musk

Musk had said in April that the Tesla robot, called Optimus, would be able to perform tasks in the factory by the end of this year and could be ready for sale as soon as the end of 2025

India to apply for licences to scout Pacific Ocean for critical minerals

China, Russia, and some Pacific Island nations have already secured exploration licences for the Pacific Ocean

Nvidia preparing variant of new flagship AI chip for Chinese market

China accounted for around 17 per cent of Nvidia's revenue in the year to end-January in the wake of US sanctions, sliding from 26 per cent two years earlier

Bond yields moves towards key level before govt presents its annual Budget

The benchmark 10-year yield was at 6.9748 per cent as of 10:10 a.m. on Monday, close to the key technical level of 6.98 per cent

Backed by president Biden, Harris scrambles to cement her White House bid

The United States has yet to elect a woman president in its 248-year history

Next-generation US jet fighter programme may get hit by budget constraints

Sources briefed on the Air Force's internal budget deliberations said the anticipated 2026 fiscal-year NGAD budget of $3.1 billion would be slashed as funding shrinks

China conducts surprise rate cuts in efforts to support weak economy

The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years

Delta Air Lines faces widespread flight cancellations after IT outage

Delta has offered no timetable for when normal operations would resume and has already canceled another 137 flights for Monday, according to FlightAware

President Biden quit race for reelection after unfavourable poll data

Only the day before, Biden was telling many aides that he would continue campaigning to defeat Republican rival Donald Trump in November

Kamala Harris on biz: Friendly to Big Tech, aggressive in climate fight

In 2015, she compelled startup Houzz to hire a chief privacy officer after allegations that the home design app had recorded sales calls without proper notification and consent

Tough on Israel, steady on Nato: Here's how Harris foreign policy can look

Harris has signaled, for instance, that she would not deviate from Biden's staunch support for Nato and would continue backing Ukraine in its fight against Russia

Edtech firm's founder Byju Raveendran faces reckoning as startup implodes

Accused of financial mismanagement and compliance issues, the son of family of teachers from a small village in south India faces a reckoning that will test the ingenuity that made him a poster child

Budget 2024: From mfg to trading, here's list of likely winners and losers

After a shock election result saw Modi's party returned to power relying on allies, the government is expected to boost consumption in Asia's third-largest economy by lowering personal taxes

Asian shares tread cautiously; Wall St unfazed as Joe Biden bows out

Investors seemed well-prepared for news that US President Joe Biden had dropped out of the election race and endorsed Vice President Kamala Harris for the Democratic ticket

US election: World leaders react to Biden ending reelection campaign

German Chancellor Olaf Scholz said that Joe Biden has achieved a great deal: for his country, for Europe, for the world