Page 166 - Reuters

Govt singles out VW in $1.4 bn tax dispute, says Kia corrected course

India says Volkswagen used a clandestine scheme to import auto parts in separate shipments, to evade detection and cut taxes, instead of declaring items as "completely knocked down"

Crucial Nvidia results to set the course for faltering 'Magnificent Seven'

Investors have raked in big gains from the AI boom led by the so-called "Magnificent Seven", a group of tech giants that includes Nvidia, Microsoft and automaker Tesla

Gold prices fall as investors eye US inflation data, Trump's tariff plans

Investors' focus was also on the US Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation gauge, due on Friday

GM to increase dividend by 25%, buy back another $6 billion of shares

The US automaker said it expected to repurchase $2 billion of shares by the first half of this year, with the remainder to be bought at any point of the company's choosing

BP turns back to fossils, to increase annual oil, gas investment to $10 bn

The oil major slashed planned annual investment in transition businesses by more than $5 billion than its previous forecast, to between $1.5 billion and $2 billion per year

China's DeepSeek cuts off-peak pricing for developers by up to 75%

DeepSeek's low-cost AI models triggered a major sell-off in global equity markets last month, as investors worried that its arrival could threaten current AI market leaders

G20 meet on global poverty marred by disputes, absence of major economies

The two-day meeting comes after the Trump administration announced plans to gut its USAID arm and Britain slashed its aid budget by 40 per cent to divert funds towards defence spending

Palm oil imports to hit 5-year low amid price shifts, rising output

Benchmark palm oil futures, which jumped 20 per cent in 2024 to a two-year high, have already lost market share as top importers like India shift to cheaper alternatives such as soybean

Russia, US prepare more talks at expert level after last week's meet

Kremlin spokesman Dmitry Peskov reiterated that there was an understanding that Trump and Putin should meet in person after thorough preparation, but said there were no details yet on when and where

India on verge of becoming trials hub, says clinical research firm exec

The US-based company plans to boost its headcount in India by more than 2,000 over the next three to five years

Russia destroys 83 Ukrainian drones over southern Krasnodar region

The ministry does not report potential damage or the full scope of the Ukrainian attacks

Taiwan seeks to give away chip industry to US as 'souvenir', says China

US President Donald Trump has criticised Taiwan for taking away American semiconductor business

Govt must double renewable capacity additions to meet 2030 energy targets

The country has set a target to achieve at least 500 GW of non-fossil power capacity by 2030

Adobe brings free Photoshop app to phones, targeting younger users

Adobe has now released a free version for Apple's iPhone, with an Android app coming soon

US lawmakers warn that China could use Elon Musk to influence Trump

China's Washington embassy said China welcomed mutually beneficial cooperation" with people from all walks of life in the United States

Meta must face lawsuit claiming it prefers cheaper foreign workers

Meta, in a statement, said the allegations were baseless and it would continue to vigorously defend itself against them

Musk's new ultimatum spurs fresh confusion among US federal workers

The confusing back-and-forth has rippled through the federal bureaucracy, with some agencies instructing workers to comply and others not

G20 finance ministers to meet in South Africa amid fractious geopolitics

South Africa had hoped to make the G20 a platform for pressuring rich countries to do more to tackle climate change

Ukraine, US agree on framework for rare earth minerals deal: Official

Officials on both sides have agreed to the draft and advised it should be signed, the sources said

US consumer confidence drops in February, marking biggest fall since 2021

It followed on the heels of surveys last week showing steep declines in business and consumer sentiment in February