Nissan cancels $1.1B battery plant in Japan
Nissan says it is scaling back its ambitions in the domestic market as part of broader efforts to improve performance
Crypto industry loses momentum as US Senate rejects stablecoin legislation
The sector invests $119M in pro-crypto candidates and frames the issue as bipartisan. 60 votes are required to advance, with only 49 in favour
CFPB drops Biden-era oversight of Google’s nonbank financial platform
Bureau’s involvement would have been “an unwarranted use of the Bureau's powers and resources, says CFPB Director
X complies with Indian orders to block 8,000 accounts, criticizes censorship
Social media platform voices objections but follows government directive to avoid penalties, seeks legal relief
Taiwan’s exports surge nearly 30% as tech buyers rush ahead of possible U.S. tariffs
April shipments hit $48.66 billion, powered by AI demand and pre-tariff stockpiling; government eyes record first-half trade figures
UK to purchase $10 billion worth of Boeing planes in new bilateral trade deal
Details of the deal remain unclear, as Boeing's UK backlog continues to grow, with supply chain challenges persisting.
Gulf stock markets mixed as earnings and trade talks weigh on investor sentiment
Earnings reports and trade tensions ahead of U.S.-China talks drive mixed sentiment across Gulf markets.
US tech leaders stress need for infrastructure investment to maintain AI edge over China
Executives from OpenAI, Microsoft, and AMD urge Congress to bolster AI chip exports and infrastructure to stay ahead in the global race.
Reliance withdraws trademark bid for military operation name after backlash
Move sparks outrage as critics accuse Reliance of exploiting national tragedy for commercial gain; company blames unauthorized filing.
US, Russia explore ways to restore Russian gas flows to Europe
Washington's involvement in restoring the gas sales could help Moscow navigate political opposition in much of Europe
Bill Gates plans $200 billion donation, accuses Musk of harming the world’s poorest
Picture of the world’s richest man killing the world’s poorest children is not a pretty one, says Bill Gates
Apple plans to integrate AI search options into Safari
Apple’s move to introduce AI-driven search options indicates a potential disruption to Google’s dominant position in the search market
U.S. natural gas liquids exports hit record high in April
U.S. exports approximately 2.9 million barrels per day (bpd) of NGLs, marking the highest monthly figure on record
Toyota forecasts 20% profit drop amid Trump’s tariff
Toyota projects operating income of $26 billion for the year ending March 2026, down from 4.8 trillion yen in the previous fiscal year
Apple asks court to pause App Store competition order
Apple argues in its filing that the court cannot require it to provide free access to its services