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India's use of crude tankers to export diesel to European Mkts slows in May

While more April shipments from India to Europe provided a floor for Asian margins, fewer such voyages in May will likely compel Indian refiners to shift diesel sales back to Asia

Growth across UK biz dips in May, in early blow to Sunak, shows PMI survey

S&P Global UK Composite Purchasing Managers' Index for the services and manufacturing sectors fell to 52.8 in May from 54.1 in April

PM Sunak, Keir Starmer to hit campaign trail as UK election race begins

Both party leaders are expected to hit the campaign trail, seeking to seize the early initiative by meeting voters and delivering the messages they hope will earn them enough seats in parliament

Lenovo reports 9% surge in Q4 revenue to $13.8 billion, beats expectations

This marks a second consecutive quarter of revenue growth for Lenovo after it suffered five straight quarters of revenue declines amid the post-COVID slowdown

OpenAI signs content agreement with WSJ parent News Corp to train AI models

OpenAI already has an agreement to license content from the Financial Times for training AI models

Confident of meeting 2024 forecasts as air travel grows, says Rolls-Royce

Rolls-Royce, which makes engines for Airbus and Boeing's wide-body jets, aims to become more competitive company

Singapore economy grows 2.7%, fastest in 18 months as outlook improves

Separate data showed annual core inflation came in at 3.1 per cent in April, matching the rate in March

Priority to return to calm amid unrest: Macron in riot-hit New Caledonia

Macron added he plans to meet with local officials and discuss the resources needed to repair the damage wrought by days of shootings, arson and other violence that has left at least six dead

Germany backs ending EU tax break that helps Shein, Temu keep prices low

Under current EU regulations, packages purchased online from a non-EU country are not subject to customs duties if their value is under 150 euros

France less attractive for renewable investment, says TotalEnergies

France hopes to have 45 gigawatts (GW) of offshore wind in operation by 2050 to achieve carbon neutrality

Chinese military practiced Taiwan invasion manoeuvres in 2023: US general

Hours before his remarks, Taiwan's military mobilised its forces on Thursday after China started two days of punishment drills

Business activity expands in May as exports surge, PMI rises to 61.7

Robust demand was supported by new business in the services industry, which grew at the fastest pace since January, as well as rising manufacturing output and new orders

Taiwan dispatches forces to areas around island after China's drills

The drills are being conducted in the Taiwan Strait, the north, south and east of Taiwan

Indian stocks to scale new peaks, rising over 8% this year, shows poll

Despite growing concerns that India's equity markets are overvalued, local investors have so far ignored warnings and driven share prices to record highs

Several key Asian share benchmarks fall on patient approach to rate cuts

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57 per cent. Australia's S&P/ASX 200 index was one of the biggest decliners

Microsoft's UAE deal could transfer key US chips, AI technology abroad

US officials have said that AI systems could pose national security risks, for example by making it easier to engineer chemical, biological and nuclear weapons

Warner Bros' TNT strikes 5-year deal with ESPN for college football playoff

Walt Disney said on Wednesday TNT will present two-round games for two years and include two quarter-final through 2028 season

SpaceX launches first batch of satellites for new US spy constellation

SpaceX is building hundreds of satellites for the US National Reconnaissance Office, an intelligence agency

Japan's factory activity expands for first time in year, shows PMI

The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) climbed to 50.5 in May

Boeing deliveries to China delayed due to regulatory review of batteries

The US planemaker said in a statement it is working with Chinese customers on the timing of their deliveries