News
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China's factory output surpasses expectations despite tariff pressures
Industrial production in the export powerhouse grew 6.1 percent on-year in April, according to figures published by the National Bureau of Statistics
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Moody's downgrade sparks pushback from US Treasury
Speaking on CNN, Bessent sought to lay blame for the downgrade-stripping the United States of its last triple-A credit rating-on the prior administration of Joe Biden
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From Amitabh Chaudhry's bid to challenge top banks to Dell's AI pivot, our top stories of the week
In this week's newsletter, also read about why MSCI's latest index reshuffle could usher in fresh foreign capital; how Angara is turning India into a launchpad for global luxury, and why Freshworks founder Girish Mathrubootham believes disruption demands rule-breaking
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Trump pushes Apple for 'Made in USA' over India expansion
The president said he told Cook: "We're not interested in you building in India... we want you to build here and they're going to be upping their production in the United States"
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UK growth surpasses estimates as trade tensions cast doubt
Gross domestic product rose 0.7 percent in the January-to-March period after only growing slightly in the final quarter of last year, the Office for National Statistics said in a statement
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In wake of government cuts, Harvard boosts research with $250 million injection
Harvard has taken the Trump administration to court over what it calls an unlawful attempt to control aspects of the university's operations
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With Trump's second term, Big Tech embraces US exceptionalism
But the full-throated call to defend the nation -- often paired with warnings about communist China or Europe's regulation -- raises concerns about alienating international partners who represent a significant portion of big tech's business
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China and US roll back major tariffs in trade war de-escalation
Washington and Beijing agreed to drastically lower sky-high tariffs in a deal that emerged from pivotal talks at the weekend in Geneva
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Is the worst over for IndusInd Bank?
Despite resignations of the top management, including CEO Sumant Kathpalia, analysts are confident that IndusInd Bank will ride through this crisis by ensuring stronger internal compliance and audit processes
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How does AI get from a query to an answer? An enigma even its creators haven't worked out
"People outside the field are often surprised and alarmed to learn that we do not understand how our own AI creations work," Anthropic co-founder Dario Amodei wrote in an essay posted online in April
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Reel tensions: Trump film trade war looms over Cannes
Trump's tariff salvo is part of a picture of growing tension between Europe and the US over the film and TV industries since the former reality TV star returned to the White House in January