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Tesla's Europe sales slump 53 per cent in April, Model Y fails to impress
Business

Tesla's Europe sales slump 53 per cent in April, Model Y fails to impress

A backlash against Elon Musk's political views, combined with a tepid reception for the new Model Y and heightened competition from European and Chinese players, has affected sales

Trump to Apple: Make iPhones in US, or face 25 per cent tariff
News

Trump to Apple: Make iPhones in US, or face 25 per cent tariff

The US president has threatened to impose 50 per cent tariff on imports from the European Union from June 1, as the trade talks "are going nowhere"

Regeneron to buy 23andMe out of bankruptcy for $256 m
Business

Regeneron to buy 23andMe out of bankruptcy for $256 m

New York-based Regeneron will buy the bankrupt DNA testing company 23andMe, which has struggled with falling sales following a 2023 data breach

US health regulator issues 2 observations after inspecting Dr Reddy's New York plant
Business

US health regulator issues 2 observations after inspecting Dr Reddy's New York plant

US Food and Drug Administration completed a Good Manufacturing Practice inspection at the company's active pharmaceutical ingredients plant at Middleburgh in New York

Trump ends Gulf tour with billions in investment pledges; thaw in ties with Syria, Iran
Business

Trump ends Gulf tour with billions in investment pledges; thaw in ties with Syria, Iran

The highlights of this tour include a $200 billion order from Qatar Airways for Boeing jets and a $142 billion arms deal with Saudi Arabia

Trump: India has offered US a trade deal with no tariffs
News

Trump: India has offered US a trade deal with no tariffs

New Delhi is seeking to clinch a trade deal with the US within the 90-day pause announced by Trump on April 9 on tariff hikes for major trading partners

Saudis to invest big in US weapons, AI; Trump agrees to lift sanctions on Syria
News

Saudis to invest big in US weapons, AI; Trump agrees to lift sanctions on Syria

The US agreed to sell Saudi Arabia an arms package worth nearly $142 billion - "the largest defense cooperation agreement" Washington has ever done

Microsoft layoff to impact more than 6,000 employees
Business

Microsoft layoff to impact more than 6,000 employees

This would be Microsoft’s largest round of layoffs since the elimination of 10,000 roles in 2023, and it will affect all teams and geographies, including LinkedIn

Trade truce: US to cut 'de minimis' tariff on China shipments
Business

Trade truce: US to cut 'de minimis' tariff on China shipments

After weekend talks in Geneva, both countries have agreed to unwind most of the tariffs imposed on each other's goods since early April

Trump announces trade deal with UK
Business

Trump announces trade deal with UK

The trade deal will reduce tariffs on British cars and steel, but a 10 per cent baseline levy on British goods will remain