OPEC+ discusses July oil output hike, focus on 411,000 bpd, sources say
OPEC+ oil-producing countries met on Saturday to discuss July output with four sources telling Reuters while the meeting was under way that...
India’s economy grows 7.4% in Q1, beating forecasts despite tariff risks
Construction and manufacturing drive growth as global uncertainties and U.S. tariffs cloud outlook
OPEC+ may consider larger oil output increase for July amid rising production by members
Group leaders Saudi Arabia and Russia weigh boosting supply beyond 411,000 barrels per day as Kazakhstan refuses to cut output
Oil holds steady but heads for second weekly loss
Brent crude futures drop 0.28 percent to $63.97 a barrel, while U.S. West Texas Intermediate crude declines 0.3 percent to $60.76
Dollar posts monthly gain against yen amid tariff uncertainty
Dollar trades at 143.99 yen, rising 0.7% this month for its best performance against the Japanese currency since December
Google faces final arguments in antitrust case over Chrome, search deals
The Justice Department and a coalition of states are seeking a range of remedies to curb Google’s dominance in online search
China’s auto price war fuels dispute between BYD and GWM
Despite concerns, the price war among Chinese automakers continues with new incentives from BYD and others
Musk says cost-cutting work will continue after his departure
DOGE claims $175 billion in total savings, though less than half that amount is detailed publicly
U.S. SEC drops civil lawsuit against Binance crypto exchange
SEC clarifies that the dismissal does not indicate its position on other ongoing crypto-related litigation
China to cooperate on rare earth export controls amid global shortages
China controls over 90% of global processing capacity for rare earth magnets used in industries ranging from automobiles to fighter jets
Tokyo core inflation hits more than two-year high in May
CPI rises 3.6% year-on-year, exceeding market expectations and marking the fastest pace since January 2023
U.S. DOJ reaches $1.1 billion settlement with Boeing over 737 MAX crashes
Boeing will avoid a felony conviction and pay $243.6 mn in fines, $444.5 mn to victims’ families, and over $455 mn for safety and compliance
OpenAI urges court to keep countersuit against Elon Musk in expedited trial
The countersuit accuses Musk of engaging in fraudulent business practices under California law and alleges a pattern of harassment
U.S. energy department to use Nvidia, Dell technology in new supercomputer
The supercomputer will support research by more than 11,000 scientists across disciplines including chemistry, physics, and biology
Amazon’s Zoox issues second software update after San Francisco crash
The update addresses a rare issue where the vehicle could resume travel without detecting nearby pedestrians after stopping or moving slowly