Meta and TikTok challenge EU supervisory fee in court
The companies say the EU supervisory fee is unfair and based on unclear and inaccurate calculations
Nvidia to build first industrial AI cloud platform in Germany
The system will support carmakers like BMW and Mercedes-Benz in areas such as product design simulation and logistics management
Dollar falls after U.S. core inflation rises less than expected
Dollar declines 0.3% to 144.44 yen, while euro gains 0.4% to $1.1470
Oil prices hit 7 week high after Trump says China deal reached
Brent crude rises $1.15 to $68.02 a barrel. U.S. West Texas Intermediate crude gains $1.31 to $66.29 a barrel, its highest level in more than two months
Trump says U.S.–China deal is done, with China to send rare earths and U.S. to allow students
Trump says U.S. will impose a total of 55% tariffs on Chinese imports
Nvidia CEO says quantum computing at a turning point
Jensen Huang says quantum computing is expected to solve problems that would take years for Nvidia's most advanced AI systems to handle
Nintendo sells over 3.5 million Switch 2 units in first four days
Nintendo says it expects to sell 15 million Switch 2 units by the end of the current financial year in March
Boeing books 303 new orders ahead of Paris Air Show
Qatar Airways places the largest widebody jet order in Boeing's history, with 130 787s and 30 777Xs, plus options for another 50 aircraft
Musk says some of his posts went too far in criticizing Trump
Tesla shares in Frankfurt rise 2.7% after Musk's statement
Global pressure mounts on Trump to avoid new aircraft tariffs
Documents from the U.S. Commerce Department show concerns from Canada, China, Japan, Mexico, Switzerland, the EU, and industry players
Tesla plans to launch robotaxi rides in Austin on June 22
CEO Elon Musk says that the date may change, depending on safety concerns
Snap to launch its first smart glasses for consumers in 2026
CEO Evan Spiegel says Snap has invested over $3 billion in AR glasses over the past 11 years
World Bank cuts global growth forecast for 2025 to 2.3%
In its latest report, World Bank reduces growth projections for nearly 70% of economies, including the U.S., China, and Europe
Mexico’s central bank expected to cut rates again in June
Inflation climbs to 4.42% in May, its highest level since November, while core inflation rises to 4.06%, the highest in almost a year
Meta rolls out direct messaging on Threads in select markets
Messages on Threads will not be encrypted for now