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Tata Motors to use new $1 bn TN plant to make Jaguar Land Rover cars

Tata Motors announced plans to invest in a new plant in Tamil Nadu in March but did not give details on which models would be manufactured there

Nokia posts stronger H2 after Q1 comparable profit grows less than expected

CEO Pekka Lundmark said an improvement in order intake seen late last year continued in the first quarter despite a persistent challenging business environment

ABB confident about faster revenue growth in 2024 despite China slowdown

ABB shares were indicated to open 2.2% higher in premarket activity in Zurich

Investor climate group eyes assets in private equity, sovereign debt

The Net-Zero Asset Owner Alliance members are being asked to include assets like private debt and equity in their emissions reductions strategy

TSMC reports 9% increase in first quarter profit on strong AI chip demand

TSMC last week reported a 16.5% rise in first-quarter revenue, beating market expectations and at the high end of the company's own guidance

Apple Inc aims to invest over $240 mn to expand its Singapore campus

Apple opened its first facility in Singapore in 1981 with 72 employees focused on Apple II, its early personal computer

IMF ready to support Sri Lanka's discussions with int'l bondholders

Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters of its bailout program

Investors ask TotalEnergies to split CEO, board chair roles ahead of AGM

The proposal was put forward by 19 international investors holding roughly 20 million TotalEnergies shares, together with Swiss pension fund investor group Ethos Foundation

Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy

Adam Neumann had submitted a bid of more than $500 million to buy back WeWork, Reuters reported last month citing a person familiar with the matter

EU leaders to hear shake-up needed to match global rivals in new green tech

The EU faces new challenges from massive US subsidies drawing in investment and China's domination of new tech supply chains, on which it is dependent

Google lays off employees, shifts some roles to hubs abroad including India

Google's finance chief, Ruth Porat, sent an email to staff saying the restructuring includes expanding growth to Bangalore, Mexico City, and Dublin

EU leaders step up new sanctions on Iran after drone attack on Israel

EU leaders condemned the Iranian attack, reaffirmed their commitment to Israel's security and called on all sides to prevent more tensions, including in Lebanon

Fed to cut US rates 'at some point, but no hurry', says Loretta Mester

"At some point, as we get more confidence, we will start to normalize policy back to a less restrictive stance, but we don't have to do that in a hurry," Mester said

Trump hush money prosecutors seek to ask about fraud, writer Jean Carroll

The first-ever criminal trial of a former US president began on Monday, and jury selection is ongoing

Amazon to push cashierless shopping tech into more third-party stores

The company refuted a report by tech site The Information this month that the technology relies on human reviewers in India to watch customers as they shop

Russian influence operations targeting US election have begun: Microsoft

While the Russian activity Microsoft observed is not as intense as around the previous elections, it could increase in the coming months, the researchers said

Morgan Stanley, HSBC cutting Asia IB jobs on China deals slowdown

IPOs in mainland China dropped 82% from a year earlier to just $2.4 billion during the same period, the smallest quarterly fundraising since the fourth quarter of 2018, showed the LSEG data

Microsoft-OpenAI deal set to dodge formal EU merger probe, says report

UK's Competition and Markets Authority is reviewing whether to launch a probe to see if the deal affects competition among British firms

Biden to call for higher Chinese metals tariffs in 'Steel City' Pittsburgh

The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there

Vietnam mounts $24 billion rescue plan for bank engulfed in giant fraud

The State Bank of Vietnam's previously unreported cash injections into SCB amount to 5.6% of the nation's annual economic output, or about one-fourth of Vietnam's foreign-exchange reserves