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Brent up 1% on renewed Iran clashes as AI drives Asia stocks to weekly rise

Benchmark Brent crude futures were up ​about 1 per cent to $101 a barrel, while European stocks fell 0.9 per cent

India's April consumer inflation likely rose to 3.8% on higher fuel costs

Indian companies raised prices of LPG, widely used as a cooking fuel in households, in March after the West Asia conflict disrupted energy supplies, an effect economists said likely carried into April

India gold demand subdued on higher prices, China premiums hold firm

Spot gold prices have ​risen over 2 per cent so far this week on easing fears of inflation and ‌higher interest rates, as investors remained optimistic about a US-Iran peace deal

Cloudflare to cut about 20% workforce as AI adoption reshapes operations

The internet infrastructure and cybersecurity company plans to cut more than 1,100 jobs globally

First Chinese product tanker attacked near Strait of Hormuz amid Iran war

According to the report, the vessel's deck caught fire and the ship had the words "CHINA OWNER & CREW" marked on it

Oil prices jump over 1% after renewed hostilities between US, Iran

Brent crude futures were up $1.41, or ‌1.41 per cent, at $101.47 a barrel as of 0123 GMT

West Asia conflict: US and Iran edge towards interim halt to war

The US and Iran are moving toward a temporary deal to halt hostilities and reopen the Strait of Hormuz, lifting hopes of easing global energy disruptions

EU countries, lawmakers agree to dilute artificial intelligence rules

EU nations and lawmakers agreed to dilute and delay key AI Act provisions, easing compliance burdens amid concerns Europe is yielding to Big Tech pressure

US and 18 WTO members reach consensus on not imposing ecom duties

The US and 17 WTO members launched a separate pact to avoid e-commerce duties after talks failed to extend the WTO's long-standing digital trade moratorium

US jobless claims rise slightly, remain less than expected amid low layoffs

US jobless claims rose slightly last week but remained below expectations, signalling continued resilience in the labour market despite AI-driven layoffs and global risks

Mphasis sues Coforge in US court over hiring violations, client data access

Mphasis sues Coforge in a US court, alleging executive poaching and misuse of confidential client information tied to mutual client Charles Schwab

Govt likely to divest stake worth $1.06 billion in Coal India via OFS

The Indian government held a 63.13 per cent stake in Coal India as of ​March 31, according to LSEG data

BlackRock likely to invest in Shapoorji Pallonji unit dollar debt

The deal would be a private placement, and the launch timing could not be ascertained immediately. Deutsche Bank is the arranger

Centre plans to bolster key export scheme as Iran war sours trade outlook

West Asia conflict weakened trade in March, with India's merchandise exports falling 7.4 per cent year-on-year and 24 of 30 major export categories declining

Iveco posts quarterly loss, says Tata takeover expected to close in Q3

The negative results follow the sale of Iveco's ​defence unit to Italy's Leonardo, which was finalised in ‌March

Liquor maker Radico resumes shipments to West Asia as tensions ease

The maker of Rampur whisky and Jaisalmer gin derives 5 per cent to 6 per cent of sales volumes and 9 per cent to 10 per cent of revenue from exports, of which it does not provide a regional split

US Supreme Court rejects Apple's stay request in Epic Games lawsuit

Apple mostly defeated Epic's lawsuit, but was required in the judge's 2021 injunction to let developers include links in their apps directing users to non-Apple payment methods

Google offers changes to Search spam policy to avert EU antitrust fine

The EU watchdog has said that its monitoring showed that Google's spam policy demotes news media and other publishers' websites and content in Google search results when those websites include content

Fairfax India to raise stake in IIFL Capital to 51% via $211 mn investment

Fairfax India currently holds a 30.5 per cent stake in the company

Indian banks well placed to transition to ECL provisioning: Fitch

The ratings agency expects the banking ‌system's average common equity tier 1 (CET1) to decrease by 30 basis points in the financial year 2027-28