Huawei's chips lag one generation behind U.S. peers, but CEO Ren says performance is improving through techniques like cluster computing, per state media.
This week's U.S. Treasury auctions are under close watch, with strong demand for short-term debt but weaker interest in long-term bonds ahead of the July 9 tariff deadline.
Citigroup ends its 2018 policy on gun sales, dropping restrictions for firearm-related businesses, saying many now follow best practices on their own.
South Korea's new President Lee Jae-myung vows strong deterrence and renewed talks with North Korea, aiming for peace while boosting US-Japan ties.
UniCredit invests €10M in Berlin-based fintech Banxware to support its embedded lending platform in a follow-on funding round.
Nintendo's Switch 2 launched Thursday to strong demand, with fans lining up and experts warning of global shortages amid high interest in the next-gen console.
Australian household spending edged up just 0.1% in April, signaling weak consumption despite lower borrowing costs and easing inflation, ABS data showed.
BBVA adds AI to its mobile app to fight shoulder-surfing, hiding user data when it detects more than one person looking at the screen.
Rachel Reeves pledges £15bn for transport outside London, aiming to ease MP concerns and highlight Labour's £113bn capital investment plan ahead of the spending review.
Trump revives travel ban targeting 12 nations, mostly Muslim-majority, citing national security. Ban takes effect Monday with added restrictions on 7 more.
The FCA unveiled new crypto rules, focusing on financial resilience and including stablecoins in its proposed regulatory regime for cryptoasset firms.
HSBC has made a strategic investment in open banking payments firm Token.io to boost account-to-account payment tech. Deal value remains undisclosed.
SoftBank invested $40M in Dublin's Nomupay to support its expansion in Japan and boost access to Asia's fragmented payments market for global businesses.
Euro zone inflation fell to 1.9% in May from 2.2%, below the ECB's 2% target, as lower energy and services costs boost hopes for more policy easing.
Toyota will take Toyota Industries private in a $33B deal, aiming for long-term focus and stronger Toyoda family control amid Japan's push for better governance.
Global energy investment to hit $3.3T in 2025, led by $2.2T in clean energy like renewables and nuclear, double fossil fuel spending, says IEA.
Procter & Gamble to cut 7,000 jobs (6% of staff) over two years, exit some product lines, amid restructuring and weak 2025 demand outlook due to U.S. tariffs.
ECB cut key interest rates by 25 bps, citing easing inflation. Inflation seen near 2% target by 2027, though wage-driven domestic inflation stays high for now.
Jobless claims rose by 8,000 to 247,000 last week, signaling a cooling job market as tariffs add pressure. Economists expected 235,000 claims.
Ford's U.S. sales rose 16.3% in May, driven by gains in gas and hybrid vehicles, offsetting a 25% EV drop. Its employee pricing program boosted demand.
Elon Musk slams Trump's tax bill as a "disgusting abomination," echoing GOP deficit concerns and potentially complicating its passage in the U.S. Senate.
Global automakers warn China's rare earth export curbs could delay production. German firms join others fearing shutdowns and economic impact without swift action.
ASIC sued Westpac's RAMS unit, alleging it approved home loans using fake payslips from non-existent employers between 2019 and 2023, violating licensing rules.
Wells Fargo is free to grow again as the Fed lifts its $1.95T asset cap after 7 years. Shares rose 2.7% in after-hours trading on the news.