Adani Settles U.S.-Iran Sanctions Case For $275 Million
The Treasury’s Office of Foreign Assets Control said the company purchased liquefied petroleum gas from a Dubai-based trader claiming the fuel originated in Oman and Iraq.
Business
Meta Begins Fresh Round Of AI-Driven Layoffs
The company plans to cut roughly 10% of its workforce, or about 8,000 jobs, while also freezing thousands of unfilled positions. The move follows earlier layoffs across Meta’s Reality Labs and content moderation operations.
Trump Reflects On Intel Deal And U.S. Chip Strategy
In an interview with Fortune, Trump recalled asking Intel CEO Lip-Bu Tan for 10% ownership in the company “for free” in exchange for government support
How Swatch And AP Sparked Global Crowds And Resale Chaos
Videos posted online showed fights, heavy crowding and police intervention at several locations.
Apple Reviews Reported Mac Security Vulnerability
Researchers classified the issue as a “privilege escalation” attack, meaning hackers could potentially seize deeper control of a system when combined with other cyberattack methods.
Honda Posts Historic Loss Amid EV Pullback
Honda posted a net loss of 403.3 billion yen, or roughly $2.6 billion, for the fiscal year ending in March.
How China Is Reducing Dependence On Nvidia Chips
Tencent said production of Chinese-designed graphics processing units could rise significantly this year. According to company executives, supply from manufacturers in China and nearby countries is increasing steadily.
Jensen Huang Says Trump Personally Asked Him To Join China Trip
Speaking to reporters in Beijing, Huang described the summit as “one of the most important” diplomatic meetings in modern history.
Why Jensen Huang Joined Trump’s China Visit At The Last Minute
Jensen Huang joined U.S. President Donald Trump’s trip to China after initially appearing absent from the high-profile business delegation traveling to Beijing.
Gold’s Grim Message
Central banks’ purchases and repatriation of gold are on the rise, and both should be viewed as a symptom of deglobalization. They signal the advent of a more geopolitically fragmented world in which cross-border transactions of all kinds are poised to become more difficult and costly.
