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OpenAI planning to announce AI-backed search engine to compete with Google

The announcement could be timed a day before the Tuesday start of Google's annual I/O conference, where the tech giant is expected to unveil a slew of AI-related products

Panama Canal in talks with US LNG producers to increase transportation

The canal is typically used by US Gulf Coast exporters to send LNG cargoes to Asia via the Pacific Ocean, but from last year low water levels forced cuts to daily crossings

Some European firms are souring on China, business lobby group warns

EU Commission chief Ursula von der Leyen and French President Emmanuel Macron urged Xi on Monday to ensure more balanced trade

India bond yields likely to ease tracking US peers, eyes on debt auction

The US Treasury yields slipped on Thursday ahead of inflation reports that are pivotal for the Federal Reserve's higher-for-longer rate strategy

Asian stocks rise, dollar weakens on renewed global rate cut optimism

China stocks also gained, with blue-chip shares 0.14 per cent higher, while Hong Kong's Hang Seng Index rose 1.4 per cent, having touched an eight month high in early trading

Rupee aided by dip in US yields, while election uncertainty weighs

Worries over the Indian election results, due on June 4, have prompted foreigners to take out money from equities, pushing the benchmark Nifty 50 index to a three-week low

BoE moves closer to first rate cut since 2020, as second official backs cut

The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%

China's exports and imports return to growth, signalling demand recovery

Shipments from China grew 1.5% year-on-year last month

Israeli tanks, warplanes bombards eastern Rafah as US warns of halting arms

Ceasefire talks make some headway but no deal, say Egyptian security sources

Govt projects biggest power shortfall in 14 years, races to curb outages

The deficit also follows delays, a government source said, in the commissioning of 3.6 gigawatts (GW) of new coal-fired plants which had been targeted to be operational before March

NPCI to delay payments market cap by two years, helping PhonePe, Google Pay

NPCI, which has a regulatory mandate from the central bank, announced the 30% cap in 2020 but later extended the deadline by two years to the end of 2024

Nissan Motor upbeat on annual profit with 5.5% rise despite challenges

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures

US weekly jobless claims increase more than expected as labor market eases

The Fed last week left its benchmark overnight interest rate unchanged in the current 5.25%-5.50% range, where it has been since July

Constellation Energy beats Q1 profit estimates on nuclear power generation

Constellation, which also generates electricity via other renewable sources - hydro, wind and solar - beat analysts' estimates of $1.38 per share, according to LSEG data

FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report

India's income tax receipts rose 17.7% year-on-year to nearly $235 billion in 2023/24, higher than government's projection

Orient Electric Q4 result: Net profit falls 48%, total expenses up 23.3%

Orient Electric, which also sells fully automatic coffee machines, hand mixers and switchgears, said its revenue from operations rose 19.7%

Govt considers offering incentives for lithium processing: Report

Companies including SoftBank-backed e-scooter maker Ola Electric, and miner Vedanta Ltd and Jindal Power are among those bidding for critical minerals blocks, which include lithium

Olympics 2024: Neeraj Chopra says belief key to success in Paris Games

The 26-year-old will defend his crown at the July 26-Aug. 11 Games and will be joined by compatriot Kishore Jena, while DP Manu also has a chance of qualifying for Paris

Nissan Motor upbeat on annual profit despite challenges from inflation

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures

Huawei's latest high-end phone uses more China-made parts, memory chip

Huawei's resurgence in the high-end smartphone market after four years of US sanctions is being widely watched