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EU to set out plan for phasing out Russian gas deals, existing contracts

The EU has a non-binding aim to end its reliance on Russian fossil fuels by 2027, which it set after Moscow's 2022 full-scale invasion of Ukraine

US seeks Google ad-tech breakup after judge finds illegal monopoly

The judge set a September trial date on Friday, after hearing from Google and the DOJ on potential remedies for the company's dominance in ad tools used by online publishers

India's IPO market loses steam as global jitters, tensions deter investors

Avanse Financial and Anthem Biosciences are among firms, including LG's India unit, set to delay IPO plans amid weak market sentiment, according to investment bankers

Global stocks drift, dollar steadies as focus shifts to Asian currencies

In Asia, focus shifts to currencies after Taiwan dollar's surge, sparking speculation of regional FX revaluation to secure US trade concessions

China's services growth hits 7-month low as tariffs bite, PMI drops to 50.7

Despite stronger-than-expected economic growth in the first quarter, supported by government stimulus, China's economy contends with persistent deflationary risks

US lawmaker targets Nvidia AI chip smuggling to China with new bill

Both President Donald Trump and his predecessor, Joe Biden, have implemented progressively tighter export controls of Nvidia's chips to China

Shein, Temu ramp up digital advertising in UK, France as US tariffs hit

Shein boosted spending 35 per cent in France and the UK, while PDD Group's Temu increased by 40 per cent and 20 per cent month-over-month

Big four accounting firm PwC to lay off about 1,500 employees in US

The workforce reduction equates to approximately 2 per cent of our US firm, the spokesperson said

Trump's tariff order on foreign movies leaves film industry flummoxed

Slapping levies on an industry like film would mark a major extension of tariffs as a policy tool into services, for which the US runs a sizable trade surplus

US seeks to weaken global development finance efforts, shows UN document

With ongoing changes at the World Bank and International Monetary Fund in the fight against climate change already facing pushback from U.S. Treasury Secretary Scott Bessent

Berkshire board names Greg Abel as CEO, Buffett to remain chair: Report

Abel and most of Berkshire's board of directors were not aware of his plans prior to the announcement

Trump orders 100% tariff on foreign-made movies to save 'dying' Hollywood

All major media companies, including Walt Disney, Netflix and Universal Pictures, film overseas in countries such as Canada and Britain

Wall Street opens lower after Trump's fresh tariffs; Fed meet on tap May 5

Focus remained on the Fed's monetary policy decision later this week

R R Kabel sees volume surge by 2026 as US tariffs present 'opportunity'

R R Kabel expects volumes to grow between 16% and 18%, finance chief Rajesh Jain told Reuters, partly bolstered by U.S. tariff policy that affects Indian exporters less severely than Chinese rivals

Russian rouble strengthens vs US dollar, Chinese yuan in thin holiday trade

At 1140 GMT, the rouble was up 2% at 81.1 against the U.S. dollar, LSEG data based on over-the-counter quotes showed

Crude oil prices drop as OPEC+ accelerates output hikes, surplus looms

Brent crude futures dropped by 87 cents, or 1.42%, to $60.42 a barrel by 0946 GMT, while U.S. West Texas Intermediate crude was at $57.37 a barrel, down 92 cents, or 1.58%

Jubilant pulls ahead of KFC, McDonald's as Q4 earnings near: Analysts

Jubilant has already flagged a 12.1% increase in like-for-like sales in India in its quarterly update, which analysts say has benefited from its focus on online sales

India sees debut listing of residential mortgage-backed securities

The funds would be raised across seven to 10 transactions over the year, National Housing Bank Managing Director Sanjay Shukla said

Houthis announce campaign targeting Israeli airports as tensions rise

Most attacks from Yemen have been intercepted by Israel's missile defence systems, though a drone strike hit Tel Aviv last year

Global economy already the feeling drag from Donald Trump's tariffs

Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of job cuts and reviewed their business plans, while major economies revised down growth prospects