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
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
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
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
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
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
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
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
Vietnam eyes US trade deal ahead of July tariff deadline
PM Pham Minh Chinh hopeful as Hanoi races to avert return of 46% tariffs amid rising trade surplus and pressure to limit Chinese tech
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