Reuters
 "Reuters")
Reuters
The news and media division of Thomson Reuters is one of the world’s largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world’s largest international multimedia news providers
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Musk wins Tesla shareholders' approval for $56 billion pay package
The approval underscores the support that Musk enjoys from Tesla's retail investor base, many of whom are vocal fans of the mercurial billionaire
 "Musk wins Tesla shareholders' approval for $56 billion pay package")
Tax burden in UK highest since 1949; election pledges won't bring relief
Election pledges not to raise tax have been common since 1997, when Tony Blair promised not to raise income tax or VAT
 "Tax burden in UK highest since 1949; election pledges won't bring relief")
Heavy rain, landslides kill 6 in India's Sikkim, 2,000 tourists stranded
Heavy rains triggered landslides at several locations in Mangan district, which covers north Sikkim and lies about 100 km north of the state capital Gangtok
 "Heavy rain, landslides kill 6 in India's Sikkim, 2,000 tourists stranded")
Oil prices set for best week in over 2 months on positive demand outlook
The Organization of Petroleum Exporting Countries (OPEC) stuck to a forecast for relatively strong growth in global oil demand for 2024 and Goldman Sachs projected solid US fuel demand this summer
 "Oil prices set for best week in over 2 months on positive demand outlook")
Left vows to tie wages to inflation, lower retirement age in France
Political parties including the Socialists, Greens, Communists and hard-left Unbowed France (LFI) will form a 'Popular Front' in a bid to challenge the far-right's National Rally
 "Left vows to tie wages to inflation, lower retirement age in France")
South Korea, US sound alarm over North Korea-Russia ties before Putin visit
Security Council resolutions, officials of South Korea and the United States warned on Friday
 "South Korea, US sound alarm over North Korea-Russia ties before Putin visit")
Super-wealthy may quit UK over Labour plans for inheritance taxes on trusts
Economists say overall tax levels are likely to approach an all-time high whoever wins the election, despite promises by both main parties not to increase major tax rates
 "Super-wealthy may quit UK over Labour plans for inheritance taxes on trusts")
After deal with Tokopedia, ByteDance confirms its layoff plan in Indonesia
ByteDance, the owner of TikTok, did not say how many employees would be affected. Bloomberg had earlier reported there would be 450 jobs cut.
 "After deal with Tokopedia, ByteDance confirms its layoff plan in Indonesia")
Emirates fined $1.5 million by US for operating in prohibited airspace
Emirates was ordered to pay $200,000 under the 2020 order and another $200,000 if it violated the order within a year
 "Emirates fined $1.5 million by US for operating in prohibited airspace")
Bound by rules, economics, EU trails US on China tariffs imposition
The more modest action stems from the EU's strong belief that trade should be based on international rules
 "Bound by rules, economics, EU trails US on China tariffs imposition")
Govt bond yields extend losses tracking US yields on rate cut bets
The futures market is pricing in 50 basis points of rate cuts this year, according to the CME FedWatch tool
 "Govt bond yields extend losses tracking US yields on rate cut bets")
Microsoft to delay release of 'Recall' AI feature amid security concerns
The Recall feature tracks web browsing to voice chats, creating a history stored on the computer that the user can search when they need to remember something they did, even months later
 "Microsoft to delay release of 'Recall' AI feature amid security concerns")
Blue Origin, SpaceX, ULA picked for Pentagon rocket launch contracts
The US Space Force, which manages the launch procurement program, said Blue Origin received $5 million to provide an assessment of how it will meet the Pentagon's launch requirements
 "Blue Origin, SpaceX, ULA picked for Pentagon rocket launch contracts")
FAA, EASA vow to boost collaboration on new airplane certification
Since two Boeing 737 MAX crashes in 2018 and 2019 that killed a combined 346 people, aviation regulators around the world have tightened oversight of new airplanes
 "FAA, EASA vow to boost collaboration on new airplane certification")
Asian stocks slide, dollar at all time high, yen wobbles ahead of BOJ meet
The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week
 "Asian stocks slide, dollar at all time high, yen wobbles ahead of BOJ meet")
Chinese firms apply for anti-dumping probe of pork imports from EU
The move risks escalating tensions in one of the world's key trading relationships
 "Chinese firms apply for anti-dumping probe of pork imports from EU")
US govt to fund up to $500 mn for studies on oral, nasal Covid vaccines
The funding is part of Project NextGen, a $5 billion initiative led by the Biomedical Advanced Research and Development Authority (BARDA)
 "US govt to fund up to $500 mn for studies on oral, nasal Covid vaccines")
US weekly unemployment claims hit 10-month high; producer prices fall
That was reinforced by other data from the Labor Department on Thursday showing producer prices unexpectedly falling in May
 "US weekly unemployment claims hit 10-month high; producer prices fall")
US wishes India luck with 'structural issues' in strained China ties
Washington has sought to develop its ties with India in spite of some differences over issues including human rights
 "US wishes India luck with 'structural issues' in strained China ties")
Russia says detained US reporter Gershkovich will stand trial over CIA work
Gershkovich, 32, was arrested on March 29, 2023, in the Urals city of Yekaterinburg on charges of espionage that carry up to 20 years in prison after the FSB
 "Russia says detained US reporter Gershkovich will stand trial over CIA work")
