Trump’s 2017 tax cuts set for revival as bill gains committee approval
The legislation aims to extend Trump’s 2017 tax cuts and ramp up defence and immigration funding
China asks U.S. to stabilize global markets after Moody’s credit downgrade
China warns that instability in the world’s largest economy could have ripple effects across global financial markets
Xiaomi to launch Tesla rival YU7 electric SUV on Thursday
YU7 will be unveiled at an event where the company also plans to introduce the Xring O1 mobile chip and the Xiaomi 15S Pro smartphone
Nvidia launches Lepton to create AI chip marketplace and centralize GPU access
Lepton platform will allow cloud computing companies to sell GPU capacity in a single location
Bank of Japan to raise rates if inflation target remains on track
Japan’s underlying inflation is likely to stay near the BOJ’s 2% target if the economy rebounds as forecast, says BOJ Deputy Governor
Microsoft focuses on AI memory efficiency to cut computing costs
Company is working to encourage the adoption of open standards across the tech industry, says Microsoft's CTO
Trump to reinstate tariffs for countries not negotiating in good faith
U.S. focused on 18 key trade ties and tariff letters coming for non-compliant nations, says Treasury Secretary
Canadian PM says federal budget to be presented in the autumn
It would be premature to finalize a budget before the NATO summit in June, says Mark Carney
Moody’s downgrades U.S. credit rating over rising $36 trillion debt
The downgrade comes as Republican lawmakers push for a wide-ranging tax and spending package, informally called the “Big Beautiful Bill”
Brazil confirms first bird flu outbreak on poultry farm, triggering trade bans from China and others
H5N1 detected in southern Brazil's Rio Grande do Sul; 17,000 chickens culled; China to halt imports for 60 days under current protocols
Nvidia rules out new Hopper chip for China amid U.S. export curbs, explores next steps
CEO Jensen Huang says H20 was the last modifiable Hopper-based chip for China, as U.S. export restrictions reshape company’s AI strategy in a $17 billion market
Nissan weighs global plant closures, including Oppama and Mexico sites, under major cost-cutting drive
Sources say Japan’s third-largest automaker may shutter domestic and overseas factories amid plans to slash workforce by 15% and reduce global sites from 17 to 10
Turkey uncovers new 75 bcm gas reserve in Black Sea, aims to meet household demand for 3.5 years
President Erdogan says $30bn discovery at Goktepe-3 well will boost energy self-reliance as production from Sakarya field also rises
Moody’s strips U.S. of last AAA rating citing soaring debt, fiscal gridlock
Downgrade follows failed Trump spending bill and rising debt-to-GDP concerns; Moody’s warns of deteriorating long-term fiscal health
Vietnam steps up talks with US to reduce hefty tariff
Vietnam and the United States held their first direct ministerial-level negotiations on Friday against the backdrop of an impending U.S. tariff of...