WORLD
US approves $304 million missile sale to Turkey as ties warm up
The deal, which still needs Congressional sign-off, came as Secretary of State Marco Rubio visited Turkey to attend a meeting of NATO foreign ministers on Thursday.
WORLD
Samsung to buy FläktGroup for €1.5 billion in AI sector play
FläktGroup would help bolster Samsung’s position against rivals such as LG Electronics Inc. in the heating, ventilation and air-conditioning market, which is expanding rapidly alongside the need to cool data centers during the AI development boom.
BUSINESS
India now most favored Asian stock market, BofA survey shows
India has replaced Japan as fund managers’ top Asian stock market pick, as the South Asian nation is likely to benefit from supply chain shifts.
BUSINESS
CATL guides IPO price at top end in world's biggest listing of 2025
CATL would be raising HK$31 billion ($4 billion) at that price, based on the 118 million shares in the base offering. The amount could rise to $4.6 billion if a 15% upsize option is exercised.
BUSINESS
RBI reviews some e-wallets after taxi app goes bust
The Reserve Bank of India has begun informal consultations with EV charging-point operators and other app-based EV platforms.
WORLD
Trump’s freebie Qatar jet is the stuff of nightmares in spyworld
Qatar’s gift of a luxury Boeing 747 to Donald Trump has raised major security and ethical concerns among US officials, who warn the plane could be compromised for surveillance.
BUSINESS
Trump says Fed must lower rates after soft inflation report
The president’s latest call for lower rates came after a report Tuesday showed the consumer price index rose 0.2% in April, coming in below estimates for a third straight month.
BUSINESS
Asian stocks trade in narrow ranges after US rally
Equities edged lower in Japan — with the Topix halting a 13-day rally — and also edged down in Australia.
WORLD
Trump to rewrite AI chip curbs reviled by Nvidia and US allies
Changes to the AI diffusion framework, which Biden released during his final week in office, are emerging during President Donald Trump’s visit to the Middle East, where a number of nations have bristled at the latest restrictions.
BUSINESS
Airlines face decade wait for planes as backlog grows, IATA says
WORLD
Trump diplomatic blitz spins big gambles as signs of success
Crucial elements remain unresolved on Iran as well as Ukraine, with Russia so far balking at a ceasefire, while India has disputed some US claims about its role in mediation efforts
WORLD
US inflation comes in softer than forecast for a third month
The consumer price index, excluding the often volatile food and energy categories, increased 0.2% from March
MARKETS
Tech powers stock gains as bond yields drop on softer inflation
Equities climbed toward the highest since February, the month marking the S&P 500’s latest all-time high
BUSINESS
US-China truce likely to avert recession but not coming slowdown
Labor-market data could start to show the hit to employment by the end of May, they expect, while accelerating inflation should become evident in reports due next month.
BUSINESS
Trump talks with Apple’s Cook as iPhone price hikes loom
Apple hasn’t changed the starting price of its flagship iPhone model since it debuted the iPhone X in 2017 — keeping it at $999.
BUSINESS
Xi defiance pays off as Trump meets most China trade demands
Although China began feeling economic pain, with factory activity starting to slump, Xi enjoyed a surge of nationalism at home encouraging him to avoid bending to US coercion.
BUSINESS
Stocks rise across Asia on US-China trade truce
Shares in Australia and Japan jumped at the open after the S&P 500 closed more than 3% higher.
WORLD
US House tax bill calls for $30,000 SALT, omits millionaire tax
The bill aims to cut taxes by more than $4 trillion and reduce spending by at least $1.5 trillion over a decade
MARKETS
Wall Street rallies on US-China trade truce as bonds sink
The rebound in risk appetite and diminished expectations of a recession drove the stock benchmark above Donald Trump’s April 2 “Liberation Day” level
WORLD
Nissan job cuts double to 20,000 in overhaul: Report
The struggling Japanese carmaker last month warned it would likely book a record $5.1 billion net loss in the financial year that ended in March due to impairment charges
BUSINESS
Asian stocks, US futures gain on China trade talks
Shares in Australia, Japan and South Korea advanced at the open, with the Topix index gaining for a 12th day for its longest winning streak since October 2017.
WORLD
Elon Musk says testing Gold Card Visa program in ‘quiet trial’
The EB-5 Immigrant Investor Program, administered by the U.S. Citizenship and Immigration Services, was created by Congress in 1990 to "stimulate the U.S. economy through job creation and capital investment by foreign investors
WORLD
US-China open trade talks in bid to wind down their tariff war
Both sides have sought to project confidence they hold the upper hand, yet the status quo carries major risks
COMPANIES
Sunil Mittal poised to buy $2 billion stake in Haier India: Report
The Bharti Airtel Ltd. founder has teamed up with private equity firm Warburg Pincus to buy the stake in Haier Appliances
