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Boeing's US factory workers go on strike, halting 737 MAX production

Boeing said it was ready to get back to the negotiating table, a sign that it could sweeten the deal

Rupee ends higher, registers strongest weekly rise since late June

The rupee closed at 83.8875 against the U.S. dollar, up from its close at 83.9650 in the previous session

Trade groups call for Amazon, Flipkart suspension over antitrust breaches

Indian antitrust investigation reports have found Amazon and Flipkart violated local competition laws by giving preference to select sellers and priority to certain listings, hurting competition

Samsung labour strike puts spotlight on politically-backed worker group

A strike of this scale - which impacts production - is not common in India's electronics industry

China's carrot-and-stick tactics on EU nations starting to pay off

China-made EVs exported to Europe rose 38% in 2023 to 656,000 units, including shipments non-EU countries

Blackstone mulls selling majority stake in visa, tech firm VFS Global

Considerations are at an early stage and Blackstone may still decide against pursuing a deal, the report said

Cathay Pacific buys back warrants from Hong Kong government's 2020 bailout

Cathay made heavy losses and layoffs during the COVID-19 pandemic and reported its first annual profit in four years in March, and paid its first dividend since 2019

Xi may meet Zelenskyy, says attendee, as Beijing defence forum opens

There is some hope that Chase's attendance could signal deeper working-level engagement with China

Ponzi case: US appeals court voids $564 mn verdict against Bank of Montreal

The 3-0 decision by the St. Paul, Minnesota-based court overturned a November 2022 jury verdict, and directed that trustee Douglas Kelley's case against BMO be dismissed

Tech, US officials discuss AI development, power needs at White House

OpenAI CEO Sam Altman, Google senior executive Ruth Porat and Anthropic CEO Dario Amodei were among the tech company representatives who attended the meeting

Major countries must lead in safeguarding global security: China's minister

Dong's remarks come as communications ease between the US and Chinese militaries

Will end all taxes on overtime pay if elected president, says Donald Trump

At a campaign event this month with union workers, Harris accused Trump of "blocking" overtime from millions of workers during his 2017-2021 presidency

US Gulf of Mexico oil firms begin hurricane damage checks, ports reopen

The storm likely disrupted about 1.5 million barrels of Gulf of Mexico production, analysts at UBS estimated, and will reduce the region's monthly oil production by 50,000 bpd

Pope Francis urges leaders in S'pore to seek fair wages for foreign workers

These workers contribute a great deal to society and should be guaranteed a fair wage, he said

USFDA approves injectable version of Roche's multiple sclerosis therapy

The therapy is already approved as an infusion or IV therapy for multiple sclerosis, which is given twice a year, under the brand name Ocrevus

Microsoft names former GE CFO Dybeck as operations chief amid AI push

The appointment comes at a time when Microsoft is aggressively pursuing the lead in the cloud services market and trying to close the gap with Amazon's Amazon Web Services

Top EU privacy regulator opens investigation into Google's AI compliance

A spokesperson for Google said it takes its obligations under the EU's General Data Protection Regulation (GDPR) seriously and will work constructively with the DPC to answer their questions

OpenAI presents new series of AI models with 'reasoning' abilities

The models, dubbed o1 and o1-mini, can reason through complex tasks and solve harder problems than previous models in science, coding and math, the AI firm said

US household wealth rises in Q2 to record $163.8 trn on real estate gains

The snapshot of households' financial wellbeing comes less than a week before the Federal Reserve is widely expected to reduce borrowing costs for the first time since the pandemic recession

GM, Hyundai Motor agree to explore joint vehicle development projects

The US and Korean automakers said they had signed a non-binding memorandum of understanding to consider ways to leverage their complementary scale and strengths to reduce costs