Dollar slides after U.S. credit downgrade by Moody’s
The greenback falls as much as 0.7% to 144.665 yen, its lowest level since May 8
Huawei launches first HarmonyOS laptops to challenge Microsoft and Apple
Huawei says HarmonyOS now runs on over 1 billion devices, with 7.2 million developers building apps by end-2024
Trump Organization explores plan for tower in Vietnam
Trump Organization is run by Trump's children after he handed off its leadership after he won his first term as U.S. president
Microsoft begins developer conference with focus on AI products
Microsoft can reduce costs by improving the performance of AI models, says CEO Satya Nadella
U.S. Gulf Coast LNG marine fuel facility gets final permits, construction in 2025
The total cost of the project is estimated at around $300 million
Toyota Motor explores $41 billion buyout of Toyota Industries
Company is continuously evaluating the best approach regarding its holdings in Toyota Group shares but has made no decisions yet
Trump’s 2017 tax cuts set for revival as bill gains committee approval
The legislation aims to extend Trump’s 2017 tax cuts and ramp up defence and immigration funding
China asks U.S. to stabilize global markets after Moody’s credit downgrade
China warns that instability in the world’s largest economy could have ripple effects across global financial markets
Xiaomi to launch Tesla rival YU7 electric SUV on Thursday
YU7 will be unveiled at an event where the company also plans to introduce the Xring O1 mobile chip and the Xiaomi 15S Pro smartphone
Nvidia launches Lepton to create AI chip marketplace and centralize GPU access
Lepton platform will allow cloud computing companies to sell GPU capacity in a single location
Bank of Japan to raise rates if inflation target remains on track
Japan’s underlying inflation is likely to stay near the BOJ’s 2% target if the economy rebounds as forecast, says BOJ Deputy Governor
Microsoft focuses on AI memory efficiency to cut computing costs
Company is working to encourage the adoption of open standards across the tech industry, says Microsoft's CTO
Trump to reinstate tariffs for countries not negotiating in good faith
U.S. focused on 18 key trade ties and tariff letters coming for non-compliant nations, says Treasury Secretary
Canadian PM says federal budget to be presented in the autumn
It would be premature to finalize a budget before the NATO summit in June, says Mark Carney
Moody’s downgrades U.S. credit rating over rising $36 trillion debt
The downgrade comes as Republican lawmakers push for a wide-ranging tax and spending package, informally called the “Big Beautiful Bill”