Dollar hits 3.5-year low as markets expect fed rate cuts

Euro rises 0.21% to $1.1723 and briefly touches $1.1754, its highest since September 2021

Trump cuts off US trade talks with Canada, shattering optimism over tariff deals

US president calls Canada’s digital tax a 'blatant attack' on America; new tariff rates for Canada expected within a week, and for other countries within two weeks

OpenAI says Chinese AI firm Zhipu AI is gaining ground with government contracts

The company is part of China's broader push to become a global leader in artificial intelligence and reduce dependence on U.S. technology

China’s Iranian oil imports surge to record highs ahead of regional ceasefire

Teapot refinery demand and early summer loadings lift flows past 1.8 million bpd; export slowdown expected after mid-June strikes

Toyota global sales rise 6.9% year-on-year in May despite U.S. tariffs

Global production in May, however, declines by 0.7% from a year earlier, the first drop in five months

U.S. and China reach deal to resume rare earth exports amid trade tensions

Breakthrough follows stalled Geneva agreement and retaliatory export curbs; rare earth flow to resume under new implementation framework

Tesla robotaxi test in Austin shows multiple driving issues

Videos from passengers show problems such as sudden braking, entering the wrong lane, and stopping in intersections or the middle of roads

Pearson signs AI education deal with Google Cloud

These partnerships are intended to strengthen Pearson’s digital learning offerings and give educators more tools to personalise instruction

Japan leads Asia’s mergers and acquisitions rebound with $232 billion in deals

The total value of M&A activity in Asia reaches $650 billion during the same period, more than double compared to a year ago

Lotus denies closure of UK factory amid job loss concerns

Sportscar maker refutes report of shutdown in Norfolk, says operations continue as usual while exploring efficiency measures

Global markets hit record highs on U.S.-China trade optimism, tech rally

S&P 500 and Nasdaq surge; dollar sinks to multi-year lows as investors eye rate cuts and easing geopolitical tensions

Australia sues Chinese-linked firm over rare earths investment

The case is the first of its kind brought by a Treasurer before the Federal Court under Australia’s foreign investment rules

21 convicted in one of biggest residency visa fraud cases in Dubai, fined Dh25.21 million

Dubai Citizenship and Residency Court found culprits guilty of using 33 fake companies to illegally recruit workers on residence visas

Trump denies reports of $30 billion U.S. nuclear offer to Iran

President calls media claims a “hoax” as tensions ease after U.S.-Iran-Israel ceasefire; indirect nuclear talks with Tehran continue

Shipping rates from China to U.S. decline to $2,500 from $6,000 per container

The World Container Index falls 9% this week for the second week in a row after five weeks of gains