Page 418 - Reuters

US lawmakers meet Tibet's Dalai Lama, warn China on choice of successor

The bipartisan group of seven met the 88-year-old Nobel peace laureate at his monastery in Dharamshala. The comments are expected to anger Beijing which calls Dalai Lama a separatist

Russia, N Korea sign partnership, vows closer ties amid rivalry with West

North Korea is under heavy UN Security Council sanctions over its weapons program, while Russia also faces sanctions by the United States and its Western partners over its aggression in Ukraine

Chinese automakers urge Beijing to impose retaliatory tariffs on EU cars

China's current import tariff for cars is 15%

UK inflation at 2% for first time since 2021, underlying pressure persists

Sterling rose modestly against the US dollar after the data

Supercar maker Ferrari's first electric car to cost over $500,000

The Italian brand, famed for its roaring petrol engines, has said it will launch an electric car late next year, and the planned price shows its confidence that ultra-wealthy drivers are ready for it

Govt bonds register marginal dip tracking US peers after soft retail sales

US yields eased on Tuesday after data showed retail sales in the world's largest economy was weaker than expected in May

Indian debt expensive but rate cut clarity to trigger more buying: Pictet

Pictet, one of Europe's largest fund managers, manages debt worth around $2.67 billion in its local currency emerging market fund

Russia nuclear-powered submarines launch missiles during Barents Sea drills

The Severodvinsk and the Orel nuclear-powered submarines fired Kalibr and Granit cruise missiles a distance of about 170 km (106 miles) at a target

Russia discusses deployment of long-range weapons with closest partners

Russia's President Vladimir Putin arrived in North Korea on Wednesday, with the United States and its allies saying they fear Moscow could provide aid for Pyongyang's missile and nuclear programmes

Asian stocks rise to their highest on tech rally, Fed rate cut wagers

Japan's Nikkei rose 0.59%, while blue chip stocks in China were 0.42% lower. Hong Kong's Hang Seng index rose 1.3%

US Senate passes bill to accelerate advanced nuclear energy deployment

A version of the bill had already passed in the House of Representatives and it will now go to President Joe Biden for a signature to become law. It passed the Senate 88-2 votes

As demand for electric vehicles dwindles, what are startups doing about it?

US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs

Brazilian planemaker Embraer sees India, Saudi as strategic defence markets

India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging fleet of Lockheed Martin's C-130 Hercules, is currently in early engagement with Embraer

Zee Entertainment's CFO Rohit Gupta resigns due to 'personal reasons'

Mukund Galgali, the head of Zee's commercial and strategic initiatives, has been with the group for 17 years. He will assume responsibilities as acting CFO from Wednesday

Vedanta Resources proposes to cut debt by $3 bln over next three years

Vedanta Resources, whose debt stood at $6 billion as of March 2024, has been grappling with a host of rating downgrades since last year as analysts flagged liquidity issues and high default risk

Oil up after Fed comments, expected US crude stockpile drawdown: Report

Prices extended gains on Tuesday after the New York Federal Reserve President John Williams said interest rates will come down gradually over time

US retail sales miss expectations in May; April data revised significantly

Inflation and higher interest rates are forcing households to prioritise essentials and cut back on discretionary spending

Amazon Pharmacy expands eligibility for subscription to Medicare patients

Amazon has worked to lure customers away from more established pharmacies like CVS and Walgreens since launching its pharmacy unit in 2020

India must avoid 'adventurism', focus on bringing down inflation: RBI chief

The central bank kept the key repo rate unchanged at 6.5% for an eighth straight policy meeting earlier this month saying robust economic growth will give it space to focus on bringing down inflation

Vodafone to sell 10% stake in Indus Towers for up to $1.1 billion

Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale