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Tesla recalls nearly 380,000 vehicles in US over power steering issue

Tesla said some 2023 Model 3 sedans and Model Y crossovers which run on older software may experience an overvoltage breakdown

Rupee slips on weak equities, importer dollar bids; ends higher for week

The rupee closed lower at 86.7125 against the U.S. dollar after rising to 86.4850 earlier in the session. The currency was up 0.1% week-on-week

Govt mulls bailout for power utilities to retain stability amid high demand

This would be the first time since 2021 that the federal government has injected money to state power utilities, which cost the government $35 billion then

Airlines warned as Chinese navy to hold live-fire exercises off Australia

Australia's Prime Minister Anthony Albanese told reporters on Friday afternoon that the time period for the Chinese navy exercises had expired, and it was unclear if live fire had been used

China's hopes to be Ukraine mediator collide with its goals on Trump, trade

China's priorities are clear: it is focused on repairing its economy and trying to hammer out a deal with US President Donald Trump to avoid another damaging trade war

Moody's cuts Nissan rating to 'junk' status, keeps negative outlook

Nissan has been working on a turnaround programme under which it plans to cut its workforce by 9,000 people and global manufacturing capacity by 20 per cent

Trump, Putin meeting depends on progress to end Ukraine war: Marco Rubio

Trump's bid to try and end the war left Ukraine and European allies concerned they would be cut out of any peace talks, but Rubio said the US has consulted with all

Republican senators push for border security bill without Trump's tax cuts

Senate Republicans are seeking to bypass Democratic opposition in that chamber and secure an early legislative win for Trump

Boeing names Jeff Shockey as new top lobbyist amid criticism from Trump

On Wednesday, Trump said he was not happy with Boeing for significant delays delivering next-generation Air Force One planes and warned he might pursue a new option

US Department of Agriculture to release $20 mn of frozen farmer funds

USDA Secretary Brooke Rollins said the released funds will go to honour contracts that were already made directly with farmers, according to a statement on the USDA's website

Talks with US envoy 'restore hope' for strong deal on security: Zelenskyy

In his comments on X, Zelenskiy also said his discussion with Kellogg focused on the battlefield situation, the security guarantees that Ukraine is seeking and the return of prisoners of war

Meta cuts down stock options for staff despite trading at record highs

In January, the Facebook parent said it would trim about 5 per cent of its "lowest performers" and plans to hire for the impacted roles this year

Trump can continue mass firings despite disruption and chaos: US judge

Unions are instead likely required to file complaints with the Federal Labor Relations Authority, which hears disputes between federal agencies and unions that represent their workers, the judge said

We see no need for special deal to avoid US tariffs, says BMW executive

BMW's plant in South Carolina is its biggest worldwide by output and a major exporter to markets including China, Germany, and Britain

Asian shares get China boost, gold heads for eighth straight weekly gain

Chinese stocks have been on a tear in recent days, driven by DeepSeek's AI breakthrough

US DOJ to drop case accusing SpaceX of discrimination against immigrants

Justice Department last month signaled it could back away from the case, brought during Democratic President Joe Biden's term

Airbus expects jet deliveries to increase 7% to around 820 in 2025

Guillaume Faury, the CEO of Airbus said he would be happy if space merger talks with Thales and Leonardo led to a venture like the MBDA European missile project

Amazon's MGM Studios gains creative control over 'James Bond' franchise

The move clears uncertainty over one of Hollywood's most popular movie series after a December report in the Wall Street Journal said that relations between Broccoli and Amazon had strained

US IRS announces to fire 6,000 employees as Prez Trump slashes govt

The cuts are part of President Donald Trump's radical downsizing effort that has targeted bank regulators, forest workers, rocket scientists and tens of thousands of other government employees

US regulators 'need to be tougher on Boeing', says Trump's nominee

Last month, Transportation Secretary Sean Duffy told Congress that Boeing needed "tough love" and he would keep in place a cap on production of Boeing 737 MAX planes