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India's palm oil imports hit 27-month low, buyers pick cheaper soft oils

India buys palm oil mainly from Indonesia, Malaysia - the top two producers - and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine

'Urgency' among world leaders to contain AI risks: OpenAI CEO Sam Altman

Altman is one of the tech world's most prominent voices urging governments to rapidly come up with regulations to make sure Artificial Intelligence is used responsibly

US SEC sues Binance, founder Zhao alleging securities law violations

The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls

Saudi Arabia raises July flagship crude price for Asia to 6-month high

The official selling price (OSP) for July-loading Arab Light to Asia was increased by 45 cents a barrel from June to $3.00 a barrel over Oman/Dubai quotes

Microsoft 365 down for more than 15,000 online users, 3rd outage this year

Microsoft services have faced at least three outages since the beginning of the year

Apple shares hit all-time high ahead of Worldwide Developers Conference '23

Apple shares hit a record high for first time in 17 months on Monday, ahead of an annual software developer conference, although their market value remained short of an all-time peak of $3 trillion

OpenAI CEO sees 'huge' Israeli role in reducing risks from AI technology

Altman is one of the tech world's most prominent voices urging governments to rapidly come up with regulations to make sure AI is used responsibly

British Airways, Boots staff's payroll data compromised by cyberattack

British Airways, owned by IAG, said it had notified affected employees and was providing them with support

China's top investment bank CITIC cuts base salary by up to 15%: Report

The country's top investment bank by market value has also yet to pay bonuses to bankers for work done last year, the two sources close to the matter said

Spotify to lay off 200 workers in podcast division, about 2% of streamers

The company has resorted to aggressive expansion to supplement its earnings from music streaming with other revenue-generating formats such as podcasts

KKR to take machinery maker Circor private in $1.6 bn deal, stock up 49%

KKR said it will pay $49 per share, sending Circor's stock up 49% at $47.20 in premarket trading. The offer represents a premium of nearly 55% to Circor's last close on Friday

Oil prices rise on Saudi Arabia plan to deepen output cuts from July

OPEC+ meeting and Saudi cuts could boost prices, say analysts

RBI deputy Guv urges banks to address gaps in governance framework

Boards should set clear expectations for management and should require reports on risk management on a regular basis, said Rao, at a conference of directors of state-run and private banks in May

India home prices set to stay above consumer inflation: Property analysts

Home prices in India are set to hold above consumer inflation, even though interest rates are expected to stay higher for longer than previously thought, a Reuters poll of property analysts found

Shangri-La Dialogue: World's spy chiefs meet in Singapore secret conclave

A spokesperson for the Singapore Ministry of Defence said that while attending the Shangri-La Dialogue, "participants including senior officials from intelligence agencies also take the opportunity to

Airbus nears 500 narrow-body jet order from IndiGo Airline: Report

IndiGo Chief Executive Pieter Elbers, attending the annual meeting of the International Air Transport Association in Istanbul, declined to comment on commercial matters

Airbus heads towards 500 A320-family jets order from IndiGo: Report

Airbus and Boeing are also competing in talks to sell 25 wide-body jets to the same airline, they said

Opec+ members reach agreement to extend production cuts into 2024

Negotiations dragged on as some African producers objected to demands that they give up some of their output quotas

Govt says rescue operations concluded after worst train crash in decades

The death toll from Friday evening's crash was revised down from 288 after it was found that some bodies had been counted twice, said Pradeep Jena, chief secretary of Odisha

Bond yields fall marginally this week tracking a sharp decline in US peers

All 64 economists in the poll conducted between May 16 and May 29 expected no change to the 6.50% repo rate