Biden administration to require advanced safety tech on all new cars and trucks
The Transportation Department projects the new rule could save 360 lives a year and prevent 24,000 injuries.
Binance’s billionaire founder to find out if prison time is coming — here’s what lawyers are expecting
Binance founder Changpeng Zhao will find out in a federal courtroom in Seattle whether he will be spending time in prison.
Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth
The nation’s largest grocer sees room to build on its inflation-fueled grocery gains.
Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.
Russia says it shot down six U.S.-made ATACMS missiles; Odesa, Kharkiv hit with deadly strikes
A day of mourning has been declared in the Ukrainian port city of Odesa after a Russian missile strike killed five people and left 32 other injured.
Asia’s first spot bitcoin and ether ETFs debut in Hong Kong
Hong Kong on Tuesday became the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices.
IMF chief warns of emerging market risk with high U.S. interest rates
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
Microsoft to invest $1.7 billion into AI infrastructure in Indonesia, CEO Satya Nadella says
The funds will also go toward training 840,000 Indonesians in AI skills and supporting the local community of developers.
Volkswagen profit drops 20% in first quarter on lower sales
German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter of 2024 compared to the the same period a year earlier.
Jeep maker Stellantis down 10% on sharp fall in revenue as it prepares for slew of new models
Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects.
