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What is China doing to support its property market? All you need to know

China had 391 million square meters (4.2 billion square feet) of completed and unsold homes at the end of April, equivalent to 6.6 Manhattans, official data show

Tesla excludes delivery goal of 20 mn vehicles a year in impact report

Slowing growth in EV demand and tough competition have hit demand for Tesla's vehicles

Nvidia forecasts quarterly revenue above estimates, unveils stock split

First-quarter revenue surged 262% year-over-year to $26.04 billion, beating estimates of $24.65 billion. Net income soared 628% to $14.88 billion

Yellen wants G7 'wall of opposition' to China's excess industrial capacity

Yellen said that if G7 ministers can agree on concept for bringing forward the earnings on the frozen Russian assets, they will spend time before G7 summit in Puglia in mid-June on refining details

'Volkswagen in talks about passenger car production partnership in India'

The comments come after Volkswagen in February signed a supply agreement with India's Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles

Reliance, Disney seek antitrust nod with cricket rights assurance: Report

The deal is set to reshape India's $28 billion media and entertainment market, where the Reliance-Disney combo will compete with Netflix, Amazon Prime, Zee Entertainment and Sony

Boeing sees negative free cash flow in 2024 as deliveries remain sluggish

Top U.S. enforcement officials are also weighing whether to charge the company for violating an agreement that shielded it from prosecution stemming from previous jet crashes in 2018 and 2019

Boeing faces 'long road' on safety issues after door accident: US FAA

In late February, FAA Administrator Mike Whitaker gave Boeing 90 days to develop a comprehensive plan to address 'systemic quality-control issues' and barred it from expanding 737 MAX production

Govt should lower tax on recruitment agencies to help boost employment: ISF

'This discourages many employers from hiring contract workers through recruitment agencies as they see the steep tax as an additional burden.'

Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales

The company's SU7 currently has four models, with prices ranging from 215,900 to 299,900 yuan. As of May 15, Xiaomi has delivered 10,000 EVs

Honasa Q4 results: Net profit up at Rs 30.48 cr over strong demand

Skincare firm Mamaearth's parent posted a near 22% rise in revenue from operations to Rs 471 crore

Page Industries Q4 earnings miss on high inventory costs, muted demand

Soaring inventory costs hit Page Industries' bottom-line even as post-COVID demand for its innerwear and athleisure collections stayed steady

India's use of crude tankers to export diesel to European Mkts slows in May

While more April shipments from India to Europe provided a floor for Asian margins, fewer such voyages in May will likely compel Indian refiners to shift diesel sales back to Asia

Growth across UK biz dips in May, in early blow to Sunak, shows PMI survey

S&P Global UK Composite Purchasing Managers' Index for the services and manufacturing sectors fell to 52.8 in May from 54.1 in April

PM Sunak, Keir Starmer to hit campaign trail as UK election race begins

Both party leaders are expected to hit the campaign trail, seeking to seize the early initiative by meeting voters and delivering the messages they hope will earn them enough seats in parliament

Lenovo reports 9% surge in Q4 revenue to $13.8 billion, beats expectations

This marks a second consecutive quarter of revenue growth for Lenovo after it suffered five straight quarters of revenue declines amid the post-COVID slowdown

OpenAI signs content agreement with WSJ parent News Corp to train AI models

OpenAI already has an agreement to license content from the Financial Times for training AI models

Confident of meeting 2024 forecasts as air travel grows, says Rolls-Royce

Rolls-Royce, which makes engines for Airbus and Boeing's wide-body jets, aims to become more competitive company

Singapore economy grows 2.7%, fastest in 18 months as outlook improves

Separate data showed annual core inflation came in at 3.1 per cent in April, matching the rate in March

Germany backs ending EU tax break that helps Shein, Temu keep prices low

Under current EU regulations, packages purchased online from a non-EU country are not subject to customs duties if their value is under 150 euros