INDIA
India plans to spend $10 billion on homebuilt oil tanker fleet
The plan’s first phase involves purchasing 79 ships, of which 30 of them would be medium-range vessels, said sources
BUSINESS
Russian oil flows are becoming increasingly obscured
WORLD
Mauritius wants to ride a wealth boom out of its tax haven reputation
BUSINESS
Chinese smartphone exports to US plunge to lowest since 2011
BUSINESS
Jamie Dimon warns markets are underestimating geopolitical, inflation risks
Dimon said the chances of elevated inflation and stagflation are greater than people think, cautioned that America’s asset prices remain high and said that credit spreads aren’t accounting for the impacts of a potential downturn.
BUSINESS
India expects multi-phase trade deal with US as talks proceed
The final leg of the deal will likely be a comprehensive agreement that would follow once there’s approval from the US Congress, possibly concluded only next year, Indian officials familiar with the matter said.
BUSINESS
Gold edges lower as haven demand from Moody’s downgrade fades
Gold is still up by more than fifth this year, however, and is unlikely to go into a sharp decline due to the uncertainty that Trump has injected into the global economy.
BUSINESS
Chinese banks lower benchmark lending rates after easing by PBOC
The five-year rate, a reference for long-term loans including mortgages, was cut to 3.5% from 3.6%, same as expected.
BUSINESS
Asian stocks advance after rebound on Wall Street
A regional stock gauge gained 0.4% after the S&P 500 index climbed for a sixth straight day.
BUSINESS
Apple partner Hon Hai injects $1.5 billion into India unit
The Taiwan-based company said in an exchange filing on Monday that it had made the investment through its Singaporean subsidiary
WORLD
Britain’s big EU reset turns out to be just the start of talks
Starmer said an agreement to ease border checks on agri-food products would drive down prices at supermarkets and add some £9 billion ($12 billion) to annual GDP by 2040
INDIA
India readies gas power fleet to prevent summer blackouts
WORLD
Starmer makes late fishing concession to seal EU-UK deal
Starmer arrived at Lancaster House in London on Monday morning, where he is hosting European Commission President Ursula von der Leyen.
BUSINESS
Gold gets bounce from Moody’s US downgrade after big weekly drop
Gold is still up by more than one fifth this year, driven by global conflicts, US President Donald Trump’s tariff spree and inflows to exchange-traded funds.
BUSINESS
China tells officials to rein in alcohol, cigarette spending
The notice issued by the government and ruling Communist Party also covered outlays on receptions and alcohol and cigarettes, the official Xinhua News Agency said on Sunday.
MARKETS
Midpoint of Trump tariff hiatus to reveal increasingly unsettled world
Chinese consumer and industry data on Monday will be followed by purchasing manager indexes on Thursday from around the world
BUSINESS
Why crypto high-rollers are betting big on bodyguards
People with crypto wealth face unique physical risks because public blockchain networks like Bitcoin and Ethereum allow tokens to be transferred instantly and anonymously
BUSINESS
How Big Tech went from Wall Street's safest bet to biggest question
Despite the S&P 500 Index clawing back into the green for 2025 after being whipsawed by President Donald Trump’s vacillating trade policies, tech giants like Apple Inc., Alphabet Inc., Amazon.com Inc. and Tesla Inc. are still down.
INDIA
This defence group details how China provided support to Pakistan during India clash
China helped Pakistan reorganize its radar and air defense systems to more effectively detect India’s deployments of troops and weaponry, claimed the group
MARKETS
Charting the global economy: US, China forecasts improve on tariff truce
China’s economy is now seen expanding at least 4.6% this year from as low as 4% previously, according to new estimates
INDIA
Turkey’s Celebi says it’s cooperating after India revokes clearance
“We are closely monitoring the situation and cooperating fully with the relevant authorities,” Çelebi said in a statement.
WORLD
Trump says India offered to cut US tariffs but he’s in no rush
Trump said he also dangled the prospect of expanded trade with India’s rival Pakistan.
BUSINESS
Indian companies, consumers snub Pakistan and its allies
The Indian government had banned all imports from Pakistan in a May 2 notification, including both goods originating from and transiting through its neighbor.
WORLD
Trump expects to meet with Putin to ‘make a deal’ to end war
Earlier in the day, Trump told reporters aboard Air Force One that he “may” call Putin to get peace talks on track “as soon as we can set it up.”
