Trump reverses halt on $5 billion New York offshore wind project
Trump promotes expanding domestic energy production but excludes wind energy, calling it costly and harmful to wildlife
U.S. Justice Department opens probe into Coinbase data breach
The company expects financial losses from the breach to range between $180 million and $400 million
Dell unveils new AI servers powered by Nvidia’s latest chips
The servers come in air-cooled and liquid-cooled models and can support up to 192 Blackwell Ultra chips
China urges U.S. to reverse chip warning, threatens firm response
China says U.S. chip restrictions violate trade talks agreement
Choose France summit secures €20 billion in new investments
According to EY’s Investment Monitor, France has been Europe’s top spot for foreign investment for six years straight
Indian retailers, consumers launch boycott of Turkish products amid rising tensions over Pakistan support
From grocery shops to major online fashion platforms, Indian businesses pull Turkish goods amid political fallout, while travel and import bans add to the strain
UK and EU agree major post-Brexit reset covering trade, defence, migration, and energy
New agreements include a defence pact, food standards deal, youth mobility talks, and extended fisheries access, marking the most significant shift in UK-EU relations since Brexit
China’s factory output slows in April but holds firm amid trade war turbulence
Resilient industrial growth and government stimulus offset some pressure from U.S. tariffs; retail sales and property sector show continued weakness
Oil slips as demand signals weaken in U.S. and China
Brent crude falls 0.2% to $65.27 a barrel, while U.S. West Texas Intermediate (WTI) crude drops 0.1% to $62.45
Dollar slides after U.S. credit downgrade by Moody’s
The greenback falls as much as 0.7% to 144.665 yen, its lowest level since May 8
Huawei launches first HarmonyOS laptops to challenge Microsoft and Apple
Huawei says HarmonyOS now runs on over 1 billion devices, with 7.2 million developers building apps by end-2024
Trump Organization explores plan for tower in Vietnam
Trump Organization is run by Trump's children after he handed off its leadership after he won his first term as U.S. president
Microsoft begins developer conference with focus on AI products
Microsoft can reduce costs by improving the performance of AI models, says CEO Satya Nadella
U.S. Gulf Coast LNG marine fuel facility gets final permits, construction in 2025
The total cost of the project is estimated at around $300 million
Toyota Motor explores $41 billion buyout of Toyota Industries
Company is continuously evaluating the best approach regarding its holdings in Toyota Group shares but has made no decisions yet