Bloomberg

How oil avoided a $200 surge despite the biggest supply shock ever

Governments around the globe coordinated a historic release of strategic reserves, while Gulf producers rerouted shipments through alternative export routes

Fifa World Cup workers threaten strike before $2,000-a-ticket game

Workers are seeking higher wages and stronger protections for personal information from immigration authorities

Trump signals interest in US govt holding stakes in leading AI companies

The president's comments highlight how debate over how to share the potentially massive gains from the artificial intelligence boom is intensifying in Washington and around the world

SpaceX, other mega IPOs may have to wait years to join the S&P 500

The decision comes as Space Exploration Technologies Corp., as it's formally known, prepares to start trading June 12

Fifa to let fans bring bottled water to World Cup, but with some caveats

Mamdani had raised concerns about reports that Fifa had banned fans from bringing bottles of water to World Cup matches, demanding answers from Fifa

US, Iran deadlocked over ceasefire terms as conflict nears 100-day mark

Without a breakthrough, the continuing standoff suggests that Iran believes it can bear the current level of pressure longer while betting that the political pain may get Trump to concede

Paramount Skydance to face legal challenge from states on Warner deal

Most of the states that have been weighing the lawsuit are led by Democratic attorneys general although at least two Republican attorney generals are involved in the probe

England's World Cup opener set to trigger a spike in UK power demand

One of the biggest surges is expected at half-time, as hundreds of thousands of viewers leave their couches and switch on kettles all at once

Eli Lilly and Novo Nordisk looking beyond US for obesity drug growth

Novo Nordisk and Eli Lilly are expanding obesity drug access globally as demand grows beyond the US and cheaper semaglutide generics enter new markets

Govt considers selling 2% stake in Hindustan Zinc to raise ₹5,000 crore

The Department of Investment and Public Asset Management, which is under the Finance Ministry, aims to launch the process this month or in July

India's hidden AI winners as data-centre infrastructure demand surges

India may lack AI software giants, but companies supplying cables, transformers and cooling systems for data centres are emerging as key beneficiaries of the AI boom

Chinese, Hong Kong investors banned from SpaceX IPO on security grounds

SpaceX IPO underwriters bar Hong Kong and China investors, citing US export-control rules and national security concerns over sensitive technologies

Indian households expect inflation to spike as consumer confidence wanes

RBI surveys show Indian households expect inflation to jump amid US-Iran war tensions and weak monsoon forecasts, driving a steep decline in consumer confidence

Govt to launch E85 fuel with 85% ethanol, challenge oil dependence

The new fuel enters the market amid lingering concerns over the impact of ethanol blends on mileage and engine durability

Govt set to boost biogas prices, subsidies amid fuel supply concerns

The policy expected to debut this month would increase the offtake price of compressed biogas, or CBG, and offer financial benefits to companies for spending on new projects

Fifa's $13 bn World Cup faces backlash as high costs hit fans, host cities

Host cities are shifting World Cup costs to fans and taxpayers, for instance, in New York, a New Jersey Transit trip to MetLife Stadium that usually costs $13 is priced at $98 during the tournament

Whistleblower alleges IBM, AT&T hid cyber breaches to win federal contracts

William Barlow, IBM's former vice president of threat intelligence, alleged in the complaint that the companies failed to disclose multiple breaches over years by attackers linked to foreign govts

A little-known Indian stock's 530% rally reveals hidden AI winners

Leading the AI rally is Sterlite Technologies, up over 530% this year after securing a $1.1 bn US hyperscaler contract; Peers HFCL and MTAR Technologies have gained 191% and over 200%, respectively

How India can halt capital flight as trade deficit widens, rupee falls

With the rupee nearing the psychologically important 100-per-dollar mark, RBI Guv Malhotra and PM Modi may need to raise interest rates and offer targeted tax incentives to stem capital outflows

Ukrainian President Zelenskyy proposes peace talks in letter to Putin

The appeal came as officials from Europe's three biggest economies - Germany, France and the UK - have been discussing the possibility of holding talks involving Russia and Ukraine