TECHNOLOGY
Google’s emissions shot up 48% over five years due to AI
Google’s emissions rose by nearly half over five years, reaching 14.3 million metric tons in 2023, driven by AI integration and higher data center energy use. This complicates its 2030 carbon elimination goal.
WORLD
Apple poised to get OpenAI board observer role as part of AI pact
Apple Inc. is set to secure an observer role on OpenAI’s board in a significant partnership expansion. Phil Schiller, Apple’s App Store head and former marketing chief, will assume the role, according to sources.
BUSINESS
Novo, Lilly fall after Biden calls for cheaper obesity drugs
Novo Nordisk A/S and Eli Lilly & Co. saw their shares drop after President Joe Biden called for price reductions on their weight-loss and diabetes drugs, criticizing what he called "unconscionably high prices."
WORLD
China is building and testing lethal attack drones for Russia
Chinese and Russian companies are developing a drone akin to Iran’s Shahed, raising concerns over increased support for Russia despite warnings from Western powers.
BUSINESS
HSBC curbs hiring, reins in banker travel in cost-cutting push
HSBC’s belt-tightening is the latest sign that lenders are starting to prepare for central banks around the world to begin to cut interest rates in the coming months.
INDIA
Wizz Air expects response to India entry plans in six months
Budapest-based Wizz is in the process of negotiations with Indian authorities to be granted so-called designation which would throw the door open to the start of services to India, Chief Executive Officer Jozsef Varadi said.
WORLD
Tesla beats estimates with less-drastic drop in EV sales
While sales were down 4.8% from a year ago, Tesla improved on a sequential basis from the 386,810 vehicles delivered in the first three months of the year.
BUSINESS
CFA level II pass rate spikes to 59%, the highest since 1998
The latest results were well above the 10-year average of 45% and the lows from 2021, when pandemic-spurred test-taking disruptions hurt success rates. It’s the highest pass rate since 1998, when it hit 62%.
BUSINESS
JPMorgan’s Kelly says only a bear-market ‘shock’ can upend tech
The firm’s chief global market strategist is among Wall Street pros who expect earnings growth in the S&P 500 Index will broaden beyond the tech behemoths by year-end
BUSINESS
BlackRock unveils climate policies for $150 billion in funds
The world’s largest money manager will look at corporate plans to see how well they align with the goal of limiting global warming to 1.5C, Joud Abdel Majeid, head of investment stewardship at BlackRock, said in a message to clients
BUSINESS
Hindenburg attacks India regulator, reveals small Adani profit
Sebi, “seems more interested in pursuing those who expose such practices” while its investigation into billionaire Gautam Adani’s empire has hit a wall, the US short-seller said in a statement on its website Monday.
BUSINESS
World’s most volatile big stock is rocking Indonesia’s market
PT Barito Renewables Energy is Indonesia’s biggest company by market capitalization - an $85 billion geothermal power producer controlled by one of the country’s richest tycoons.
BUSINESS
Ex-billionaire gets 7 1/2-year sentence for defrauding investors Goldman, Google
Rishi Shah, 38, the co-founder of Outcome Health, which provided ads on TVs in doctors’ offices, was convicted of more than a dozen fraud and money laundering charges by a federal jury last year.
BUSINESS
India ETFs lead inflows in June on growth optimism post-election
The inflows were led by iShares MSCI India ETF (ticker INDA), Franklin FTSE India ETF (ticker FLIN) and WisdomTree India Earnings Fund (ticker EPI). In total, the three funds received $1.08 billion over the past month, driven by investor optimism over the nation’s growth prospects.
BUSINESS
India to see more bond buyers move onshore as index weight rises
India got added to JPMorgan’s flagship emerging market bond index on Friday with an initial weight of 1% to be increased to 10% eventually over a 10-month period.
BUSINESS
Wall Street maps out what a Trump victory would mean for bonds
After last week’s debate hurt President Joe Biden’s chances of winning reelection, Wall Street strategists are urging clients to position for sticky inflation and higher long-term bond yields.
BUSINESS
Steve Ballmer is richer than Gates, a first for Microsoft billionaires
The move came as Microsoft shares rose to a fresh record, bringing their total gain this year to 21%.
BUSINESS
BlackRock enters booming market for stock ETFs with a 100% hedge
While defensive-minded investors can get elevated risk-free payouts on Treasury bills, Aguirre said that these products would comfortably exceed those kind of returns in the event equities stage a fresh leg up
BUSINESS
Robinhood acquires AI-driven investment-advice platform Pluto
Robinhood has expanded in recent years into services including cryptocurrency, retirement products and credit cards.
SCIENCE
AI-enhanced garbage bins aim to solve food service’s waste problem
Leanpath’s waste-tracking technology is used in over 4,000 kitchens, including Google offices, Marriott hotels and university dining halls.
ICC-MENS-T20-WORLD-CUP
India’s T20 cricket world cup victory likely to boost ad revenue
Disney Star, this season’s official media rights holder of the shortened, fast-paced form of cricket, was expecting to rake in as much as 180 billion rupees ($2.2 billion) in advertising from the sport, according to the Mint newspaper.
BUSINESS
Buffett gifts to Gates Foundation to end when he dies, WSJ says
“The Gates Foundation has no money coming after my death,” the 93-year-old chairman and chief executive officer of Berkshire Hathaway Inc. told the newspaper in an interview.
BUSINESS
Saudi Aramco awards $25 billion in contracts for gas expansion
Gas from the project will be used in the first instance to supply the country’s domestic industries, with any excess capacity potentially used to make blue hydrogen or exported as LNG, Aramco has said.
SPORTS
India’s T20 cricket World Cup victory likely to boost ad revenue
The victory was bitter sweet for millions of Indian fans. Two of the game’s legends, India skipper Rohit Sharma and master batter Virat Kohli, announced their retirement from the shortened form of the game
