Oil prices settle 7% higher as Israel and Iran trade air strikes
Oil gains of up to 14%, largest intraday move since 2022; Trump urges Iran to make a deal over its nuclear programme
Dollar jumps as Israel-Iran conflict drives demand for safe-haven assets
Despite Friday’s gains, the dollar index is set for a weekly loss of nearly 1%, its largest in more than three weeks
Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump’s tariffs
The numbers show Apple now sends most India exports to the U.S., shifting from wider distribution to Europe
Tesla updgrades model S and X, increases prices in the U.S.
All model S and X versions get 5 thousand dollar price increase
iPhone ranks first in China market in May
It is the company's strongest two-month performance since the COVID-19 pandemic
Meta buys 49 percent stake in Scale AI for $14.3 billion
Scale AI says its CEO, Alexandr Wang, will join Meta to lead a new team focused on artificial general intelligence
U.S. says Huawei limited to 200,000 AI chips in 2025
While 200000 chips seem low, it should not give false security as China invests heavily in AI chip capability, says US official
Google says it resolved global outage affecting cloud services
The company says Gmail, Google Chat, Meet, Calendar, Drive, Voice, Tasks, and Cloud Search were fully restored
Global EV sales rise to 1.6 million units in May
China leads with more than 1 million vehicles sold, a 24% increase from a year earlier
Boeing CEO cancels Paris Airshow trip after Air India crash
Ortberg tells staff on Thursday that they would stay back to support their team, the customer, and the investigation
Meta signs deal to develop geothermal power in New Mexico
The electricity will be added to the electric grid and used for Meta’s data centers in the state
Google takes LATAM to US court over Brazilian content dispute
Google says foreign courts should not control what content is available to American users
AMD teams up with OpenAI to launch Helios AI server
AMD CEO Lisa Su says Helios will include 72 MI400 processors, similar in scale to Nvidia’s current NVL72 servers
IMF prepares revised growth outlook as tariff deadline nears
IMF spokesperson says the outlook considers tariff cut between U.S. and China and trade deal with Britain
Britain ready to implement tariff deal with United States
Once the U.S. side is ready, Britain will issue a statutory instrument to change the reciprocal tariffs, says Trade Minister