Putin vows oil shipments to India will be ‘uninterrupted’ in defiance of US

Steven Rattner, from Willett Advisors, expressed concerns about the U.S. economy's dual nature, highlighting weak consumer spending alongside a thriving tech sector. He emphasized that China is advancing rapidly in electric vehicles, biotechnology, and artificial intelligence, suggesting that U.S. tariffs are unlikely to impede this progress. Rattner advocates for U.S. innovation and effective domestic policies as the primary means of competition against China.

The European Commission has imposed a fine of €120 million on Elon Musk's social media platform, X, citing violations of new digital regulations, including issues related to deceptive practices and user safety. This action reflects ongoing scrutiny of tech companies operating within the EU's regulatory framework.

The European Union (EU) and the Group of Seven (G7) are considering a ban on maritime services for Russian oil exports and an end to the price cap on Russian oil. This move is part of ongoing efforts to tighten sanctions against Russia amid its continued military actions in Ukraine, which have drawn widespread international condemnation.

The US government is negotiating to allocate over $1 billion towards two critical minerals and railway projects in central Africa, specifically in Congo, as part of its strategy to secure essential supplies for national security. This initiative highlights the increasing importance of critical minerals in global markets and the US's commitment to enhancing its supply chain resilience.

IndiGo, which dominates nearly two-thirds of India's domestic airline market, has canceled approximately 1,000 flights, attributing the chaos to adverse weather conditions, technical system failures, and crew rest regulations. Passengers at Bengaluru airport faced significant disruptions on Friday as a result of these cancellations.

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi have strengthened their partnership during a recent meeting in New Delhi, expanding their collaboration beyond defense and energy sectors. This development occurs amid increasing pressure from the United States for India to distance itself from Moscow.

Tesla has introduced a lower-priced version of its Model 3 in Europe, aiming to boost sales following a backlash against CEO Elon Musk's association with Donald Trump and a decline in electric vehicle demand.

Moore Threads, a semiconductor company founded by former Nvidia executive Zhang Jianzhong, saw its stock price soar over 420% on its trading debut, reflecting a significant milestone for the firm amid China's push for technological self-reliance in the face of U.S. restrictions.