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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

Infrastructure output in March rises 5.2%, cement production up 10.6%

Infrastructure output, which accounts for 40% of industrial production, measures activity in eight sectors, including refinery products and electricity

Hyundai Motor Group plans hybrid cars for India in strategy shift: Report

Both Hyundai, which is India's second-largest carmaker, and Kia are targeting the launch of hybrid SUVs in 2026 or 2027, the two sources said, adding that their EV plans for India were also on track

India 'shocked' as Elon Musk's surprise China visit leaves them spurned

India's pained reaction highlights the increasing rivalry between India and China, Asia two largest countries by population and among the region's most dynamic economies

Pak finance ministry sees inflation at 18.5%-19.5% in April, easing in May

Gross domestic product growth for the second quarter of the fiscal year ending in June is estimated at 1% and expected to improve in the second half of the fiscal year, it said in its monthly report

China vows reforms at long delayed party conclave amid challenging economy

The central committee typically holds seven plenums between party congresses, which are held once every five years

Lufthansa, Air France-KLM plan to cut costs after tough first quarter

Air France-KLM said it would tighten spending for the rest of the year, including a freeze on hiring support staff and a vow to stabilise operations, particularly at carrier KLM

Higher consumer spending, investment boost French first quarter growth

Economists broadly expect activity to pick up over the course of the year as lower inflation boost consumers' purchasing power and interest rate cuts fuel an increase in investment

Positive real yields on India govt bonds visible, says SBI official

The inflation-adjusted returns will accrue even if inflation does not ease to the Reserve Bank of India's 4% target and stabilises around 5%, he said

Go First's lenders consider liquidation after court order on planes

Go First's resolution professional did not immediately respond to a Reuters' email seeking comment

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.

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