WORLD
Harvard’s president says ‘I’m sorry’ after reports on bias
Garber, who’s acknowledged he’s recently experienced antisemitism at Harvard, is releasing the studies as the university faces multiple government probes over its treatment of Jewish students and the role race plays on campus.
BUSINESS
Coca-Cola profit beats estimates on price hikes
Coca-Cola Co. posted quarterly profit that beat Wall Street expectations.
WORLD
China vows to stand firm, urges nations to resist ‘bully’ Trump
Chinese Foreign Minister Wang Yi said appeasement will only embolden the “bully” at a BRICS meeting on Monday, rallying the group of emerging-market nations to fight back against US levies.
WORLD
Japan worries Trump tariffs will push countries toward China
“More countries may distance themselves from the US and move closer to China — and that’s not an outcome Japan would wish for,” Liberal Democratic Party Policy chief Itsunori Onodera said.
WORLD
US treasury secretary Bessent sets July 4 tax bill goal as economic worries mount
Earlier this month, Republicans passed a budget resolution that would allow them to fast-track the tax bill through Congress without needing to make any concessions to attract Democratic votes.
WORLD
Donald Trump to offer auto tariffs reprieve after carmaker appeals
Imported automobiles also would be given a reprieve from separate tariffs on aluminum and steel, an effort to prevent multiple levies from stacking on top of each other, a White House official said Monday.
WORLD
US economy was already sputtering before trade pain kicked in
The US government’s initial estimate of first-quarter gross domestic product is projected to show the economy expanded at a 0.4% annualized rate, the weakest in nearly three years.
BUSINESS
Asian stocks edge up before barrage of earnings
A regional index rose 0.2%, following advances in Hong Kong and Australia.
WORLD
China declares sovereignty over disputed reef in South China sea
China’s coast guard “implemented maritime control and exercised sovereign jurisdiction” over Sandy Cay in mid-April, state television channel CCTV reported Saturday.
BUSINESS
Shein hikes US prices as much as 377% ahead of tariff increases
The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price.
BUSINESS
India’s economy to grow 6.5% despite global swings, RBI says
To support growth, the RBI cut interest rates in early April and changed its policy stance to accommodative, signaling more easing.
WORLD
US President Donald Trump floats new income tax cut in bid to ease tariffs bite
US President Donald Trump has previously argued that tariff revenue could replace income taxes, though economists have questioned those claims.
BUSINESS
Chinese firms turn to Indian exporters to help fill US orders
It’s uncertain how much the US might allow the Indian companies to fill the gap left by Chinese firms as Washington tries to keep pressure on Beijing to make concessions.
BUSINESS
Asian stocks edge up in cautious open, futures dip
Japanese and Australian stocks opened higher, while US equity-index futures dropped 0.5% in early trading Monday.
WORLD
Bill Ackman says time is friend of US, enemy of China in trade war
Bill Ackman said Beijing 'should be highly incentivized to make a trade deal as quickly as possible'
AUTOMOBILE
Tesla refunds early India bookings signaling entry is near
WORLD
US cricket deepens bet on Texas with HQ shift from California
This year’s playoffs and championship game will also be held at Grand Prairie Cricket Stadium, the league said Thursday.
BUSINESS
US bonds rally as Fed’s Beth Hammack revives odds of a June rate cut
Cleveland Fed President Beth Hammack said on CNBC the Fed could move in June “if we have clear and convincing data” by then and “know which way is the right way to move at that point in time.”
BUSINESS
Southwest CEO says US airline industry already in a recession
Noting demand for domestic leisure travel has dropped more than he’s ever seen outside of the pandemic, Bob Jordan said Thursday that an economic contraction is in full swing.
BUSINESS
PBOC’s Pan Gongsheng reiterates monetary policy to remain moderately loose
The policy will promote the high-quality development of China’s economy, People’s Bank of China Governor Pan Gongsheng said.
COMPANIES
Apple to strip secret robotics unit from AI chief weeks after moving Siri
Apple plans to relocate the robotics team from John Giannandrea’s AI organization to the hardware division later this month, according to people with knowledge of the move.
WORLD
Xi seeks detente with Europe as Trump tariffs alienate bloc
To help smooth those ties, Xi is preparing to lift sanctions on several EU lawmakers, according to one European official — a largely symbolic gesture of good will as the measures had little impact.
BUSINESS
New financials from Musk’s X debt sale show changing company
The platform, formerly known as Twitter Inc., posted $91 million in revenue tied to data licensing and subscriptions in February, a 30% increase from a year earlier, according to materials shared with investors related to a new debt sale.
BUSINESS
China weighs exempting some US goods from tariffs as costs rise
Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane
