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
Tesla’s Robotaxi launch expected in June, Musk says
Musk says the tests are running ahead of schedule and have not experienced any incidents
Xiaomi launches Tesla Y rival YU7 in Beijing showrooms
YU7 launch comes amid challenges for Xiaomi, as new EV orders have declined following a fatal highway crash involving the SU7
Google begins direct online sales of hardware devices in India
Google plans physical stores in India to showcase Pixel and other hardware products
DeepSeek R1 update narrows gap with OpenAI and Google in AI performance
The updated version improves reasoning depth, inference capabilities and enhancing performance on complex tasks
Oil prices fall over 1% after U.S. court blocks broad Trump tariffs
Brent crude futures close 1.2% lower at $64.15 a barrel, while U.S. West Texas Intermediate crude drops 1.5% to $60.94 a barrel
Dollar falls as trade court blocks major Trump tariffs
Dollar drops 0.28% to 144.42 yen and 0.42% to 0.824 against the Swiss franc
First mango shipment sweetens ties between Bangladesh and China
50-tonne export marks a new chapter in Bangladesh-China relations as India’s influence wanes
Musk exits White House amid pressure to refocus on his businesses
Billionaire leaves Department of Government Efficiency after raising concerns over Trump’s fiscal plan and focusing on Tesla
UN labour body cuts global job forecast amid economic slowdown
53 million jobs will be created this year, seven million fewer than previously anticipated, as economic growth projections have been revised down to 2.8% from 3.2%, ILO saysÂ
US court blocks most Trump tariffs, says president exceeded his authority
Court cites that Constitution grants Congress power to regulate international commerce; Markets cheer ruling, dollar and global stocks rally; Trump administration files notice of appeal, questions authority of the court