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Amid dwindling car sales, Elon Musk lays off Tesla's senior executives

Musk said he would dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group

Yemen's Houthis launch drone attack on four ships in Indian Ocean, Red Sea

Iran-aligned Houthi militants have launched repeated drone and missile strikes in the Red Sea, Bab al-Mandab Strait and Gulf of Aden since November, forcing shippers to re-route cargo

Bank of Japan upbeat on consumption, rising service prices, pay hikes

The BOJ ended eight years of negative rates and other remnants of its unorthodox policy last month

HSBC CEO Quinn announces surprise retirement, banks looks for successor

One of the main tasks for Quinn after he took over was to improve returns for shareholders, and he sought to do that by shrinking the bank's footprint in non-profitable markets

German carrier Lufthansa looks to strong summer to shake off strike costs

The airline confirmed its forecast of full-year adjusted earnings before interest and taxes (EBIT) of 2.2 billion euros ($2.3 billion)

Gold price rally could cut India's demand to four-year low, says WGC

Domestic prices of gold hit a record high this month of 73,958 rupees ($885.72) per 10 grams. They have risen more than 13% in 2024 after rising more than 10% in 2023

Australian regulator looking at MDH, Everest spices for possible recall

Earlier, some MDH and Everest spice mixes were recalled in Singapore, while Hong Kong suspended their sales over high levels of ethylene oxide

France's Thales may buy parts of strategic assets of troubled Atos Defence

Thales, a defence group partially owned by the French state, has repeatedly said it is not interested in Atos' computing assets known as Big Data & Security (BDS)

Microsoft set to invest $1.7 billion in cloud, AI in Indonesia: CEO Nadella

Microsoft will train 2.5 million people in Southeast Asia in AI use by 2025, Nadella said

Tesla's self-driving bid for China faces competition moving ahead

While Tesla relies only on cameras to detect hazards around self-driving cars, other automakers are rolling out systems that include lidar, which uses pulses of light to detect objects

Reported Indian role in assassination plots 'serious matter': White House

India's foreign ministry said the Washington Post report made "unwarranted and unsubstantiated imputations on a serious matter" while New Delhi is investigating the issue.

Yen holds on to sharp gains after suspected intervention, Fed in focus

Japanese currency was trading a touch lower 0.16% at 156.56 per dollar, but was well off its 34-year low of 160.245 hit on Monday

Strained Chinese cities unable to raise funds to pay home buying subsidies

The property market accounted for about a quarter of China's economic activity at its peak

US to introduce mandatory emergency braking systems in new cars by 2029

The rule requires that systems detect pedestrians in both daylight and at night. Some small-volume manufacturers will be allowed to comply by September 2030

Muthoot Finance to raise Rs 500 crore through issue of five-year bonds

The company will pay an annual coupon of 9.03% on this issue and has invited commitment bids for the same on Thursday

Student protest against Gaza war: What is happening in colleges across US

Officials are trying to resolve the protests as the academic year winds down, but students have dug in at several high-profile universities

Tata Sons raises stake in Tata Play to 70% as Temasek exits: Report

Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding

Stocks in Asia inch higher, Yen wobbles after volatile start to week

China stocks were mixed in early trading with the blue-chip index easing 0.07%, while Hong Kong's Hang Seng index was up 0.5%

Coca Cola gears up for IPO of $8 billion African bottling arm, says report

It may seek a valuation of more than $8 billion for the business, the report said, adding that the deliberations were at an early stage and the offering details could change

G7 nations reach deal to shut down their coal-fired power plants by 2035

The accord will be included in the G7 energy ministers' final communique to be released on Tuesday at the end of a two-day meeting in Turin