Boeing CEO cancels Paris Airshow trip after Air India crash
Ortberg tells staff on Thursday that they would stay back to support their team, the customer, and the investigation
Meta signs deal to develop geothermal power in New Mexico
The electricity will be added to the electric grid and used for Meta’s data centers in the state
Google takes LATAM to US court over Brazilian content dispute
Google says foreign courts should not control what content is available to American users
AMD teams up with OpenAI to launch Helios AI server
AMD CEO Lisa Su says Helios will include 72 MI400 processors, similar in scale to Nvidia’s current NVL72 servers
IMF prepares revised growth outlook as tariff deadline nears
IMF spokesperson says the outlook considers tariff cut between U.S. and China and trade deal with Britain
Britain ready to implement tariff deal with United States
Once the U.S. side is ready, Britain will issue a statutory instrument to change the reciprocal tariffs, says Trade Minister
IMF says Argentina shows progress under $20 billion loan
IMF says the new actions will help reduce inflation, support the government's financing efforts, and strengthen reserves
Singapore’s Temasek joins Microsoft and BlackRock-backed AI investment group
Temasek becomes part of the AI Infrastructure Partnership, or AIP, which includes BlackRock’s Global Infrastructure Partners
Barbie maker Mattel teams up with OpenAI for AI-powered toys
The company will also use ChatGPT in its business operations to support product development and improve internal processes
Britain’s goods exports to US drop by 33% in April
It is the biggest monthly decline since records begin in 1997 and the lowest export level to the U.S. since February 2022
Air India flight makes emergency landing in Thailand after bomb threat; all passengers off plane
The aircraft takes off from Phuket Airport, makes a wide loop around the Andaman Sea, and lands back on the southern Thai island
Asian stocks slide, oil and gold jump after Israel strikes Iran
U.S. S&P E-mini futures fell 1.5%, Nasdaq futures dropped 1.7%, Japan's Nikkei lost 1.4%, and South Korea's KOSPI slipped 1.2%; Gold climbed 1% to $3,419 per ounce
U.S. dollar and other safe havens rise as Israel strikes Iran
Dollar gains 0.4% against six-currency index, reaches 98.07; Aussie and New Zealand dollars fall 0.9%, yen drops 0.35% to 143 per dollar
Oil jumps more than 7% as Israel strikes Iran, rattling investors
Brent crude futures rise $5.29, or 7.63%, to $74.65 and WTI crude up $5.38, or 7.91%, to $73.42 a barrel; Iranian media said multiple explosions were heard near Nantanz nuclear facility Â
Air India Dreamliner crash raises fresh concerns for Boeing amid ongoing safety scrutiny
Most of 242 on board killed in Ahmedabad tragedy, dealing a blow to Boeing’s recovery efforts under new CEO Kelly Ortberg