Qatar’s North Field East project to start LNG production by mid-2026
QatarEnergy confirms timeline for world’s largest LNG expansion, targeting 126 mtpa output by 2027
Foxconn to invest $1.5 billion in India as Apple expands production outside China
The Taiwanese manufacturer’s Tamil Nadu unit will receive the investment as Apple accelerates its shift from China amid U.S. tariffs and supply chain concerns
Honda pulls back on EVs, pivots to hybrids as global demand cools
Facing slowing electric vehicle sales and shifting market dynamics, Honda trims its electrification investment by 30% and sets ambitious new hybrid targets for 2030.
Google enhances search with AI Overviews and AI Mode
Alphabet plans to invest $75 billion in capital expenditures this year, largely focused on AI, up from $52.5 billion in 2024
Qatar doubles U.S. investment pace compared to last five years
The fund has already pledged to invest $500 billion in the U.S. economy over the next 10 years
Canada’s annual inflation rate eases to 1.7% in April
Overall energy prices fall 12.7% last month, with gasoline prices down 18.1% and natural gas prices dropping 14.1% from a year earlier
Japanese government bond yields hit record highs amid demand concerns
The 20-year bond yield rises to 2.555%, the 30-year to 3.14%, and the 40-year to 3.6%, all hitting record highs
Dollar under pressure as U.S.-Japan talks target currency volatility
U.S. dollar index drops 10.6% from January highs, one of the steepest three-month declines in recent years
Microsoft adds AI rivals xAI, Meta to Azure model lineup
xAI’s Grok 3, Meta’s Llama, and others will be available on Azure with the same guarantees as OpenAI’s tools, says CEO Nadella
Oil prices steady amid uncertainty over U.S.-Iran talks
Brent crude futures slip 0.4 percent to $65.28 a barrel, while U.S. West Texas Intermediate for June drops 0.3 percent to $64.60
Honda shifts focus to hybrids, scales back EV spending
CEO Toshihiro Mibe says the company cut electrification and software spending to 7 trillion yen from 10 trillion yen through 2030
Apple supplier Foxconn commits $1.5 billion to Tamil Nadu unit
The investment supports Apple’s plan to boost manufacturing in India amid U.S. tariffs on China that disrupt supply chains and raise iPhone costs
Australia cuts interest rate to 3.85% amid cooling inflation
Australia's central bank says the risks of rising inflation had eased and international developments were likely to weigh on the economy
China cuts key lending rates to boost slowing economy
People’s Bank of China lowered the one-year loan prime rate by 10 basis points to 3.0% and the five-year rate to 3.5%
Foxconn to build AI data center with Nvidia, targets 100 MW power
Data center will require significant power and will start with 20 megawatts, gradually increasing to 100 megawatts, says Foxconn Chairman