Stablecoin firm Circle eyes $7.2 billion valuation with U.S. debut
Circle’s reserve income rises 55.1% to $557.9 million for the quarter ended March 31
Oil prices jump 4% as OPEC+ sticks to output plan for July
Brent crude futures rise $2.28, or 3.6%, to $65.06 a barrel, while U.S. West Texas Intermediate crude gains $2.99, or 4.9%, to $63.78
Dollar slips against major currencies amid trade policy concerns
Dollar drops 0.9% to 142.75 yen, nearly erasing its more than 1% gain from the prior week
Tesla new car sales surge 213% in Norway but decline 53.7% in Sweden
The boost is driven by a revamped Model Y compact SUV, which has been Norway’s best-selling car for the past three years
JetBlue CEO says partnership with United Airlines won’t lead to merger
We’ve spent a lot of time with the Department of Justice over the last five years, and we’re playing it safe, says Joanna Geraghty
Microsoft to invest $400 million in Swiss cloud and AI infrastructure
Switzerland has created one of the world’s leading innovation ecosystems, blending world-class research with real-world applications, says Microsoft Vice Chairman
China rejects Trump’s claims of Geneva trade deal breach
China’s commerce ministry says China upheld Geneva agreement, while the U.S. imposed multiple discriminatory restrictions
Tesla not interested in manufacturing in India, says Indian minister
CEO Elon Musk puts investment plans on hold, and the company’s immediate focus remains on importing vehicles into India
Aviation fuel bill to rise by $4.4 billion as sustainable fuel supply doubles in 2025
The limited availability of the cleaner fuel is creating tension between airlines, energy suppliers and aircraft manufacturers
Google to appeal U.S. antitrust decision on online search monopoly
We still strongly believe the Court's original decision was wrong, and look forward to our eventual appeal, says Google
OPEC+ raises July oil output by 411,000 barrels per day
The decision comes as the group pushes to regain market share and address overproduction by some member countries
Moody’s upgrades Nigeria’s credit rating to B3, citing stronger external and fiscal position
Agency highlights easing inflation risks and improved foreign exchange reserves, revises outlook to stable amid cautious optimism
Saudi Arabia and Qatar to jointly fund Syria’s public sector as Gulf ties deepen
Move follows $15 million World Bank payment; Saudi minister pledges broader economic support during Damascus visit
Trump doubles down on tariffs, accuses China of breaching trade truce
Steel and aluminum duties raised to 50% as former president alleges Beijing violated rare earths agreement; U.S. officials cite “slow compliance” from China
Thai government’s $115 billion budget for 2026 clears first parliamentary hurdle
Pheu Thai-led coalition secures 322 votes in favour amid internal tensions; final approval expected by October