WORLD
Manchester United want to build a 100,000-seater stadium. How will it fund £2-billion plan?
Bankers are debating how difficult it might be to borrow the £2 billion ($2.6 billion) needed to build the giant venue
TECHNOLOGY
Nvidia-supplier Hon Hai’s profit misses as AI doubts persist
The Taiwanese company’s net income plunged 13% to NT$46.3 billion ($1.4 billion), far short of analysts’ estimates for a 2.3% gain
BUSINESS
Tesla warns it faces retaliation, costs from escalating Trump trade war
The electric-car maker warned the administration this week that any such actions could drive up manufacturing costs and make its vehicles less competitive in international markets.
WORLD
Elon Musk makes unannounced visit to secretive US spy agency
Musk was hosted by Timothy Haugh, the Air Force general who leads the NSA and the US Cyber Command
WORLD
Bernard Arnault indicates he could lead LVMH until he’s 85
LVMH said in a filing that it will seek to raise the age limit for the chief executive officer and chairman to 85 from the current 80 at next month’s annual general meeting
WORLD
Mercedes unveils entry-level electric sedan in swipe at Tesla
WORLD
European drink makers fall as Trump returns to a favorite target
Shares of Pernod Ricard SA, Remy Cointreau SA and LVMH, the maker of Dom Perignon Champagne and Hennessy Cognac, fell
WORLD
US whiskey makers look to flood EU market ahead of 50% tariffs
To cope, some are ferrying as much product as possible to the EU — one of the industry’s biggest export markets — before the April 1 deadline
INDIA
Forex reserves record biggest weekly gain since 2021
Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed
MARKETS
US stocks hover near correction territory as tariff risks mount
The S&P 500 fell 0.3% as of 10:17 a.m. in New York on Thursday, and approached correction territory for the second time this week
WORLD
‘Buy the dip’ calls fade as Trump selloffs rattle Wall Street
In their place are growing calls to lock in profits and sit on the sidelines while Trump’s trade-war chaos upends the economic outlook
BUSINESS
Hedge funds slash Asia bets by most in four years, says Goldman Sachs
The Wall Street bank saw the largest decline in hedge fund positions in the region on Monday in four years, it said in the note, without specifying the type of assets.
BUSINESS
Worst of US equity correction likely over, says JPMorgan
JPMorgan’s view offers investors some relief after mounting fears that the world’s biggest economy would contract pushed stocks near correction territory.
BUSINESS
Budweiser APAC to cut thousands of jobs to reduce costs by 15%
China will bear the brunt of the reductions as it accounts for more than 80% of the group’s manpower.
WORLD
Erdogan tries to leverage Turkey’s NATO muscle as US retreats
The Turkish president has expanded the country’s military and diplomatic footprint from Africa to the Middle East in a way not seen since the end of the Ottoman Empire a century ago. Now he wants closer defense and economic cooperation with the EU in return for security as the continent looks at ways to reduce reliance on Washington.
BUSINESS
India’s biggest lender SBI to set up AI, fintech project finance unit
SBI plans to complete the project within a year and will hire 'specialized professionals' to staff it, said Ashwini Kumar Tewari, a managing director at the bank.
BUSINESS
Hong Kong’s stock market booms with Wall Street in turmoil
Global investors are seizing on China’s dramatic advances in artificial intelligence to pour funds into the Hong Kong market at a time when Trump’s trade wars and erratic policy making are undermining confidence in the US economy.
WORLD
Trump deeming Tesla attacks terrorism spurs GOP calls for probes
The electric-vehicle maker has been hit by headline-grabbing protests and vandalism in recent weeks
TECHNOLOGY
Google debuts AI model for robotics, challenging Meta, OpenAI
Research unit Google DeepMind will release Gemini Robotics, a new branch of its flagship AI model aimed at developing robots that are more dexterous and interactive
WORLD
Canada strikes back in trade war with tariffs on US steel, aluminum
The retaliatory measures by Canada will also apply to consumer items such as computers and sporting goods
BUSINESS
World facing Trump’s tariffs watches Canada test ways of fighting back
Canadian officials have gone hostile in their responses to Trump’s trade war.
WORLD
Wall Street storms back after US inflation surprise
Equities rebounded after a selloff that put the S&P 500 on the verge of a technical correction.
WORLD
Goldman’s Solomon says US CEOs want policy certainty from Trump
Goldman Sachs Group Inc. CEO David Solomon said headwinds from tariffs are hampering dealmaking activity
BUSINESS
ChrysCapital said to raise $2.1 billion record buyout fund
The 26-year-old firm’s latest fund is about two-thirds bigger than its last capital raise of $1.25 billion in 2022, and beat the record $1.7 billion raised by India’s Kedaara Capital last year
