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Racketeering conspiracy trial against Chinese tech giant Huawei begins in New York

Exclusive-VinFast plans to develop two India-specific EVs in strategy shift, sources say

UBS closes China fund sales unit as domestic competition proves too much

‘Welcome to Foldables’: Samsung braces for Apple’s foldable iPhone challenge

Payment firms to develop framework to recognise AI agents that help users make purchases

Markets

Japan’s services activity stagnates in May as costs surge, PMI shows

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Markets

Oil prices rise as new Middle East hostilities flare and talks stall

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Markets

Asian central banks turn hawkish as AI and oil shocks hit region

Government bond yields have risen across the region as traders price in a greater risk of policy tightening

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Bank of England faces calls from UK lawmakers to ease stablecoin plans

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UK lawmakers call Palantir’s role in public sector an unacceptable weakness

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ChatGPT app hits 1 billion monthly active users in record time, data shows

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Australia’s Megaport secures four new AI infrastructure contracts, to raise $594 million

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Megaport secures 4 AI deals, to raise $594 million to build inference cloud

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Ferrari’s first electric car spooked investors, but the Luce may be less risky than it looks

The all-electric Ferrari Luce has drawn memes, doubts and a sharp share price fall, but the luxury carmaker may have more room to experiment than the market suggests.

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GameStop reports 14% rise in quarterly revenue, unveils $2 billion share buyback

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