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”
Brazil confirms first bird flu outbreak on poultry farm, triggering trade bans from China and others
H5N1 detected in southern Brazil's Rio Grande do Sul; 17,000 chickens culled; China to halt imports for 60 days under current protocols
Nvidia rules out new Hopper chip for China amid U.S. export curbs, explores next steps
CEO Jensen Huang says H20 was the last modifiable Hopper-based chip for China, as U.S. export restrictions reshape company’s AI strategy in a $17 billion market
Nissan weighs global plant closures, including Oppama and Mexico sites, under major cost-cutting drive
Sources say Japan’s third-largest automaker may shutter domestic and overseas factories amid plans to slash workforce by 15% and reduce global sites from 17 to 10
Turkey uncovers new 75 bcm gas reserve in Black Sea, aims to meet household demand for 3.5 years
President Erdogan says $30bn discovery at Goktepe-3 well will boost energy self-reliance as production from Sakarya field also rises
Moody’s strips U.S. of last AAA rating citing soaring debt, fiscal gridlock
Downgrade follows failed Trump spending bill and rising debt-to-GDP concerns; Moody’s warns of deteriorating long-term fiscal health
Vietnam steps up talks with US to reduce hefty tariff
Vietnam and the United States held their first direct ministerial-level negotiations on Friday against the backdrop of an impending U.S. tariff of...
India cuts ties with Turkey, Azerbaijan firms amid strained ties over Pakistan conflict
Adani Group-operated Mumbai and Ahmedabad airports cancel ground handling contracts with Turkish firm Çelebi; Air India pushes to end wet lease with Turkish counterpart; Confederation of All India Traders calls for boycott of Turkish and Azerbaijani products and travel
ReNew Energy to pour $2.57 billion into major green power project in Andhra Pradesh
India’s second-largest renewable firm targets 2.8 GW in solar and wind capacity as part of push toward 2030 non-fossil goals
Celebi challenges India’s security clearance revocation, calls national security concerns ‘vague’
The Turkish-linked airport services firm warns job losses and investor distrust as Delhi Airport severs ties; case to be heard Monday
Trump wraps up Gulf tour with $1.4 trillion UAE investment pledge, landmark AI chip deal and energy boost
Abu Dhabi commits to $440 billion U.S. energy investments as UAE secures path to acquire advanced American AI semiconductors; Trump confirms major Syria policy shift and signals urgency over Iran talks
Oil prices rise for second straight week on U.S.-China trade optimism
Brent crude rises 0.65% to $64.95 a barrel, while U.S. West Texas Intermediate climbs 0.67% to $62.03
Dollar heads for fourth weekly gain despite tariff-driven volatility
The dollar index slipped 0.05% to 100.73 but was still set for a 0.3% weekly rise after jumping 1.3% on Monday
Intel challenges €376 million EU antitrust fine over market exclusion practices
The dispute stems from a 2009 EU decision that fined Intel €1.06 billion for allegedly blocking rival AMD from the market