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Saudi Aramco maintains $31 bn dividend despite lower net income in Q1

The Saudi government, which directly holds about 82.2 per cent of Aramco, relies heavily on the company's payouts, which also include royalties and taxes

Microsoft hit with Spanish startups' complaint over its cloud practices

The Spanish Startup Association, which represents more than 700 startups in Spain, cited a number of allegedly anti-competitive practices by Microsoft in recent years

More civilians will be killed in Rafah despite Israel's claims: Borrell

There are no safe zones in Gaza, EU's top diplomat Josep Borrell told journalists

Japan describes US President Biden's 'xenophobia' comment as regrettable

Last week Biden said "xenophobia" in economies from China to Japan and India was hobbling their growth, while arguing at a Washington fund-raising event that migration has been good for the US

Boeing stops its first astronaut launch because of Atlas rocket glitch

The decision to reschedule the flight for Friday was made after a ULA team worked overnight to test the valve and examine how serious the issue was

Toyota Motors to get an earnings lift from hybrids as EV hype cools

As global demand for battery-powered EVs has slowed, Toyota has cashed in by selling more hybrids, which come with relatively higher margins than regular gasoline cars

Amazon to spend $9 bn over next 4 yrs to expand cloud infra in Singapore

AWS also announced a collaboration with the Singapore Government, public sector organisations, and enterprises to help accelerate the adoption of AI

Yen eases despite intervention threat, as RBA keeps interest rates steady

At the RBA's last meeting in mid-March, policymakers watered down their tightening bias, although Bullock declined to say whether policy has shifted to neutral

China's EV maker Nio strikes deal with larger rival BYD to source batteries

Nio currently buys most of its batteries from industry-leader CATL

UBS reports income of $1.8 bn; 1st profit since Credit Suisse takeover

The group's wealth management arm reported $27 billion in net new assets for the first quarter of the year, compared to $22 billion for the three months prior

Muthoot Finance planning to raise funds using dollar-denominated bonds

Muthoot Finance is aiming to issue benchmark-sized bonds, which means the issuance will be around $500 mn

Asian shares at 15-mth high on rate cut bets; RBA seen turning hawkish

Japan's Nikkei gained 1.3% and S&P 500 futures were steady after the cash index logged a 1 per cent rise overnight

Ukraine peace talks should include Russian representatives: China diplomat

Moscow has said it sees no point in Ukraine peace talks in Switzerland, while Kyiv has said it sees no place at the summit, held near the Swiss city of Lucerne, for Russia

Govt bond yields likely to consolidate with benchmark yield at 7.10%

Bond yields declined at the start of the week, as the government announced a surprise buyback of bonds worth Rs 40,000 crore ($4.79 billion)

SoftBank heads $1 billion funding for UK self-driving startup Wayve

The latest funding brings Wayve's total funds raised to just over $1.3 billion and marks the largest investment yet in a British startup focused on artificial-intelligence technology

Lok Sabha polls 2024: Gujarat among 11 territories voting in third phase

Tuesday's polling covers 93 seats in 11 states and territories, with Gujarat and Maharashtra in the west and Karnataka in the south accounting for 50 seats

Macquarie eyes rise of protectionist policies in upcoming US, EU elections

Over two dozen countries - home to more than half the world's population - are voting this year. India is part way through its mammoth multi-month vote

Reliance renews bid for US licence to import Venezuelan oil: Report

French oil producer Maurel & Prom separately on Monday said the US on Friday granted it a licence to conduct oil and gas operations in Venezuela for the next two years

Tesla lays off more staff in software, engineering, service teams: Report

The EV maker has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles

Robinhood Crypto gets Wells notice from US Securities, Exchange Commission

A Wells notice does not necessarily mean that recipients have violated any law. The SEC issues Wells notices to firms when it is planning to bring enforcement action against them