OpenAI restructuring creates option for potential future IPO, says CFO
Sarah Friar says no final decision has been made and both the company and public markets must be prepared for an IPO
Spacex Starship rocket loses control during test flight over Africa
Musk posts on X that the rocket experienced a fuel leak in its primary tank, which led to the loss of control
New Zealand central bank cuts benchmark rate to 3.25 percent
RBNZ says inflation is within target and committee ready to respond to maintain price stability
US banks tiptoe toward crypto, awaiting more green lights from regulators
Large lenders are hesitant to be the first to expand into crypto
Ford recalls 1.1 million U.S. vehicles over rearview camera software issue
Ford says dealers update the affected software through over-the-air delivery or at dealerships
Texas requires Apple and Google to verify app store users’ ages
The law mandates parental consent for users under 18 to download apps or make in-app purchases
Dollar rises as Japan bond yields fall and U.S. confidence improves
Dollar gains 1% to 144.28 yen, while the euro drops 0.46% to $1.1335
Musk delays Mars mission update, focuses on Starship test flight
The upcoming update from Musk is expected to include new timelines and plans for Mars missions
Temu-owner PDD Holdings reports 47% drop in Q1 net profit
The company attributes the weaker performance to a lower-than-expected operating margin
China regulator summons automakers to discuss ‘zero-mileage’ used car sales
Other participants invited to the meeting include the associations of China's automobile manufacturers and dealers
Oil prices dip 1% on supply concerns ahead of OPEC+ meeting
Brent crude ends one percent lower at $64.09 per barrel, while WTI slips 1.04 percent to $60.89
ADB sets record with 58 private sector deals in 2024
Total commitments, including programs, projects, and cofinancing, surge to an unprecedented $8 billion
India approves stealth fighter programme amid tensions with Pakistan
State-run Aeronautical Development Agency will shortly invite initial iterest from defence firms for developing prototype of twin-engine 5th generation warplane
Trump says U.S. will retain control in $14 billion U.S. Steel–Nippon deal
Despite partial foreign ownership, former president insists U.S. oversight remains intact as Nippon Steel commits to major investment and job creation.
Indonesia unlocks $4.84 billion in banking liquidity with reserve cut
Bank Indonesia slashes secondary reserve requirement to 4% and raises foreign funding cap to spur economic growth and loan expansion