China’s central bank lowers seven-day reverse repo rate to 1.40%
The seven-day reverse repo rate now serves as the primary policy tool for guiding short-term interest rates in the broader economy
Tesla launches lower-cost Model Y variant amid declining sales
The launch comes shortly after Tesla reported a 13% drop in quarterly deliveries, its steepest decline in nearly three years
Meta wins $168 million verdict against Israeli spyware firm NSO Group
Court proceedings reveal NSO maintains a 140-person research team with a $50 million budget focused on exploiting smartphone vulnerabilities
Indian exchanges BSE, NSE curb overseas access to their websites, sources say
Decision comes amid escalating India-Pakistan conflict, though sources did not confirm if the cyber threat is directly related to recent developments
Indian shares pare opening losses in wake of India-Pakistan conflict tensions
Defence stocks show mixed reaction, Paras Defence and Space Technologies rises 2%, Bharat Electronics and Hindustan Aeronautics fluctuated between gains and losses
Qatar Airways nears major deal for 100 Boeing widebody jets ahead of U.S. president’s Middle East visit
Potential purchase, with option for 100 more, expected to be announced during Trump’s regional tour
Saudi Arabia, U.S. to explore mining cooperation under potential new agreement
Talks to be led by Saudi Industry Ministry and U.S. Department of Energy as Kingdom expands mineral strategy under Vision 2030
Weak investor sentiment forces delay in $759 million worth of Indian IPOs
Avanse Financial and Anthem Biosciences join growing list of firms holding back public listings amid global uncertainty
Musk’s xAI joins forces with Palantir, TWG in financial AI push
The collaboration integrates xAI’s Grok models and Colossus supercomputer into business operations to boost AI use in finance and insurance
Uber to acquire 85% of Turkey’s Trendyol Go for $700 million
Trendyol Go operates across Turkey and offers deliveries from over 90,000 restaurants and markets, utilizing a fleet of 19,000 couriers
Oil Prices Jump 3% as price drop triggers buying
Brent crude climbs 3% to $62.03 per barrel, while U.S. West Texas Intermediate crude grows 3.2% to $58.94 per barrel
U.S. dollar weakens as trade deal optimism fades
Dollar drops 0.57% against Japanese yen, reaching 142.87, while British pound gains 0.56%, rising to $1.3371
Uber partners with Pony AI to launch robotaxis in the Middle East
Pony AI, backed by Toyota and based in Guangzhou, holds robotaxi licenses in Beijing, Shanghai, Guangzhou, and Shenzhen
Google may be forced to separate key ad-tech businesses
U.S. DOJ proposes Google offload AdX and DFP to restore competition after a judge rules it maintains ad-tech monopolies
Musk to proceed with lawsuit against OpenAI despite governance changes
OpenAI announces a new governance structure where its non-profit parent oversees the for-profit business and becomes a major shareholder