EU regulators step up probe into Visa and Mastercard fee practices
Regulators are examining if Visa and Mastercard’s fee structures are too complex or opaque for merchants and payment firms
U.S. airlines ask Federal Aviation Administration to delay cockpit barrier rule by two years
The FAA says it will accept public comments on the petition through June 23
SpaceX revenue to hit $15.5 billion in 2025, Musk says
The company’s growth is largely fueled by strong demand for cost-effective satellite communications and launch services
Beta Technologies lands first all-electric aircraft at JFK in historic U.S. milestone
Vermont-based startup showcases urban air mobility with successful 45-minute flight amid growing push for electric aviation
Indian banks to maintain stable asset quality despite global risks, says Moody’s
Strong domestic fundamentals and policy support expected to offset trade tensions; unsecured retail loans remain a weak spot
Gulf markets mostly rise on financial sector gains; Dubai and Qatar lead
Dubai extends rally, Abu Dhabi rebounds, while Saudi slips amid investor caution; oil prices inch higher on geopolitical tensions
Meta signs 20-year deal with Constellation nuclear plant
The agreement supports the Clinton Clean Energy Center, which is currently subsidized by a state-funded zero emissions credit program set to expire in 2027
Cyberattack forces Victoria’s Secret to take systems offline
Breach did not affect its financial results for the first quarter or cause a material disruption to operations, the comapny says
Toyota Motors to take Toyota Industries private in $33 billion deal
The companies say going private would allow Toyota Industries to take a longer-term business perspective
Venezuela’s oil exports steady as China shipments rise
The stabilization comes after the U.S. revokes licenses and gives firms until May 27 to wind down transactions
Tesla’s Model 3 and Y debut in China’s rural EV campaign
The two models are among 124 electric and hybrid vehicles selected for the program this year
Xiaomi expects auto business to turn profitable in second half of the year
Xiaomi reports a loss of 0.5 billion yuan from its smart electric vehicles, AI, and other new projects in the quarter ended March 31
Vietnamese firms to sign deals for $2 billion in U.S. farm produce
Vietnam faces 46 percent reciprocal tariffs imposed by the Trump administration, which have been paused until July
Australia raises national minimum wage by 3.5 percent
Minimum rate rises to A$24.94 ($16.19) per hour, resulting in an extra A$1,670 annually for full-time employees
Daily U.S. users of Temu fall by 58 percent in May
Temu cuts advertising spend as de minimis tariff-free shipping provision is removed