- Lloyds turns to copper to cut iron ore reliance, targets $1.3 billion business over 5 years May 31, 2026The miner's Congo copper assets and Papua New Guinea ambitions are central to a strategy aimed at reducing reliance on a single commodity and geography, with the business expected to generate ₹500-700 crore in Ebitda in FY27.
- SpaceX, OpenAI fundraising sparks investor hunt for Asia’s next AI winners beyond chipmaking giants May 31, 2026Fresh fundraising and potential IPOs by OpenAI, SpaceX and Anthropic are driving investors to seek new AI opportunities across Asia. Bloomberg reported that firms involved in components, servers, packaging, connectivity and energy infrastructure could benefit from the next wave of AI spending.
- Amazon may be bigger, but Zomato's Deepinder Goyal says Blinkit has the edge in quick commerce- Here's why May 31, 2026Zomato founder Deepinder Goyal believes Blinkit has a better chance than Amazon of winning India’s quick-commerce battle. He highlighted Blinkit’s profitability, market share and expanding product range, while arguing that quick commerce requires a different model from traditional e-commerce.
- Google techie bet $2.7 million on Polymarket with company secrets, won $1.2 million, then FBI caught him May 31, 2026Michele Spagnuolo, 36, spent a decade earning awards and speaking invitations for his cybersecurity work at Google. Prosecutors now allege he used nonpublic data about the world's most-searched people to place $2.7 million in bets on Polymarket and pocket more than a million dollars in winnings
- SoftBank to Invest Some €75 Billion in AI in France, Reports Say May 30, 2026SoftBank Group Corp. plans to invest as much as €75 billion ($87 billion) to build artificial intelligence data centers in France, La Tribune and the Financial Times reported.
- Onion farmers seek Rs 10,000 crore revival package, stable export policy from Centre May 31, 2026Maharashtra onion farmers are facing a severe financial crisis. They are urging the central government for a special Rs 10,000 crore revival package. Farmers have suffered significant losses due to export bans, price crashes, and natural calamities. The association seeks direct financial assistance and policy changes to support growers and the rural economy. […]
- Strait of Hormuz disruption biggest risk to India's growth, inflation outlook: Finance Ministry May 31, 2026India faces economic challenges from the West Asia war. Rising energy prices and a weaker rupee are concerns. A poor monsoon could worsen food inflation, impacting rural demand and growth. The government emphasizes policy flexibility to manage these risks. Strong services exports and investment offer resilience. India's competitive pricing due to rupee […]
- India, Eurasian Economic Union discussing limited interim trade deal: Russian minister May 30, 2026India and the Eurasian Economic Union are in talks for a trade deal. Discussions are ongoing for a free trade agreement. A limited and temporary trade arrangement for specific goods is currently being considered. Russian officials describe the negotiations as complex and ambitious. Trade liberalization talks between India and the EAEU have gained momentum. […]
- Finance ministry flags inflation risks ahead of RBI policy as fuel prices, monsoon concerns mount May 30, 2026India faces rising inflation risks. Fuel prices are up, the rupee is weak, and a poor monsoon looms. The Finance Ministry warns of renewed price pressures. This comes before the Reserve Bank of India's policy decision. Wholesale price increases are a concern. Global conflicts also pose a threat to India's economy.
- Centre withdraws draft sugarcane order after objections from states, stakeholders May 30, 2026The government has withdrawn the draft Sugarcane Control Order, 2026. This decision comes after receiving objections from state governments and other stakeholders. The draft aimed to replace the old order and bring ethanol and khandsari sectors under regulation. Concerns were raised about the impact on small khandsari units and farmers. The withdrawal is see […]
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