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Nissan plans to close 2 car plants in Japan and overseas, including Mexico

Overseas, Nissan is considering ending production at plants in South Africa, India and Argentina, and cutting the number of factories in Mexico

Microsoft wants AI 'agents' to collaborate together and remember things

Microsoft is holding its Build conference in Seattle on May 19, where analysts expect the company to unveil its latest tools for developers building AI systems

Asian shares dip as China data disappoints, drop in Wall Street futures

The tariff war has weighed heavily on consumer sentiment and analysts will be scouring earnings from Home Depot and Target this week for an update on spending trends

Trump to enforce tariffs if nations don't negotiate in good faith: Bessent

He did not say what would constitute "good faith" negotiations or clarify the timing to announce any decisions to return a country to the various rates Trump initially imposed on April 2

China announces anti-dumping duties on US, EU, Japan and Taiwan

The commerce ministry's findings conclude a probe launched in May 2024, shortly after the U.S. sharply increased tariffs on Chinese electric vehicles, computer chips and other imports

US Treasury chief dismisses Moody's downgrade amid Trump tax cut debate

"I don't put much credence in the Moody's" downgrade, Bessent told CNN's "State of the Union" program

Vodafone Idea seeks Supreme Court help after govt rejects request on dues

The government on April 29 rejected the request by Vodafone Idea CEO Akshaya Moondra for a waiver on interest and penalties it owes on $9.76 billion in dues

Colorbar Cosmetics plans IPO in early 2027 after doubling revenue this year

Brands catering to wealthier Indians have weathered a high cost-of-living-led slowdown in consumer spending, as the affluent continue to splurge on comforts and luxuries

Moody's US downgrade deepens investor fears over rising fiscal risks

The ratings agency cut America's pristine sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade the country

US FDA approves Novavax Covid vaccine with added conditions for use

According to the approval letter, the license restricts the use of the vaccine called Nuvaxovid to individuals aged 65 and older, and those between 12 and 64

Microsoft offers cheaper Office without teams to address EU concerns

The European Commission said it would seek feedback from rivals and customers before deciding whether to accept the offer. Reuters was the first to report the proposal earlier this week

Brazil confirms first bird flu case on farm, raising global supply fears

The disease has spread around the globe in the past years, leading to hundreds of millions of poultry being culled. It has also been reported in dairy cows, cats, and humans

Wall Street steady, heads for weekly gains on trade hopes, tech boost

Data from earlier in the week showed US retail sales growth losing steam in April, while consumer prices staged a moderate rebound

Oil prices set for weekly gain but supply hike concerns weigh on prices

Both contracts fell more than 2 per cent in the previous session on the prospect of an Iranian nuclear deal, which could result in more barrels being released onto the global market

Yes Bank expects Japan's SMBC to maintain at least 20% stake, says CEO

SMBC on Friday said it had signed a definitive agreement to take a 20 per cent stake in Mumbai-based Yes Bank, a deal that marks the largest cross-border merger

Trump announces $14.5 bn Etihad order for 28 Boeing planes with GE engines

Etihad confirmed on Friday it was ordering 28 wide-body Boeing aircraft with GE engines, adding that the deal reflected the airline's ongoing approach to aligning its fleet with evolving network

Take-Two sees annual bookings below revised estimates due to GTA VI delay

Take-Two has other titles lined up for the year such as "Borderlands 4" and "Mafia: The Old Country", but their potentially strong releases are unlikely to stave off a hit from the delay of GTA VI

Asian shares likely to end strong week lower, bonds stage relief rally

In Asia, shares of Alibaba slumped 6.8 per cent after the tech giant's quarterly revenue failed to impress investors

Fed chair Powell signals rethink of strategy on jobs and inflation risks

The Fed for now has said it would stay on the sidelines, with interest rates held steady in the current 4.25% to 4.5% range until those questions get resolved

Patanjali Foods Q4 results: Profit surges 73.8% to ₹ 359 cr on price hikes

Revenue from Patanjali's edible oils business, which makes up nearly 75% of the total, rose 20.9% during the quarter, driven by rising prices