Tesla faces trial over fatal Florida crash involving Autopilot-equipped Model S
Federal judge allows claims of design defect, failure to warn, and punitive damages in 2019 collision case
China’s Iranian oil imports surge to record highs ahead of regional ceasefire
Teapot refinery demand and early summer loadings lift flows past 1.8 million bpd; export slowdown expected after mid-June strikes
Global markets hit record highs on U.S.-China trade optimism, tech rally
S&P 500 and Nasdaq surge; dollar sinks to multi-year lows as investors eye rate cuts and easing geopolitical tensions
Dollar hits 3.5-year low as markets expect fed rate cuts
Euro rises 0.21% to $1.1723 and briefly touches $1.1754, its highest since September 2021
Oil prices rise but head for steepest weekly loss since March 2023
Brent crude rises 42 cents to $68.15 a barrel by 1328 GMT. U.S. West Texas Intermediate crude increases 51 cents to $65.75
UAE fund buys $100 million in Trump-linked crypto tokens
purchase is meant to help build a blockchain-based financial system using stablecoins and tokenised traditional assets, says Aqua 1
Germany asks Apple and Google to remove DeepSeek over data concerns
The commissioner says DeepSeek transfers users' personal data to China and has not proven that the data is protected
Toyota global sales rise 6.9% year-on-year in May despite U.S. tariffs
Global production in May, however, declines by 0.7% from a year earlier, the first drop in five months
Meta may face daily EU fines over pay-or-consent model
Under the DMA, daily penalties for non-compliance can reach up to 5% of a company's average daily global turnover
Nike to cut China production for U.S. market over tariffs
About 16% of Nike’s U.S. imports currently come from China, which faces the largest tariff increases under Trump’s trade measures, says CFO
Singapore adjourns case over suspected Nvidia chip exports to China until Aug 22
Prosecutors says police needed more time to review documents and receive responses from overseas authorities
China’s industrial profits fall 9.1% in May ending a two-month growth streak
State-owned firms record a 7.4% profit decline, private firms see a 0.3% rise, and foreign companies report a 3.4% increase in the first five months of the year
Mexico takes control of three banks after U.S. sanctions over alleged money laundering
The banking and securities commission now has the authority to appoint its own personnel or hire others to manage the institutions
U.S. and China agree on rare earth shipment framework
The move follows trade talks in Geneva and is part of broader efforts to ease tensions between the two countries
Hawaiian Airlines hit by cybersecurity event
The term “cybersecurity event” is often used in cases of ransomware attacks, where hackers block access to systems until a ransom is paid