Business

Apple failed to make its AI tool to comply to EU regulations, EU Commission says

Tuesday, June 9 by SRN News

BRUSSELS, June 9 (Reuters) - Apple decided not to roll out its new Siri AI tool in the European Union after it had unsuccessfully requested to be exempted of interoperability obligations for the tool, a spokesperson for the EU Commission said on Tuesday. "The decision... Read More.

BOJ to consider pausing bond taper next fiscal year, sources say

Tuesday, June 9 by SRN News

By Leika Kihara and Takahiko Wada TOKYO, June 9 (Reuters) - The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that would mark a turning point in its quantitative tightening (QT)... Read More.

Stellantis recalls over 1 million US vehicles over power steering defect, NHTSA says

Tuesday, June 9 by SRN News

June 9 (Reuters) - Chrysler-parent Stellantis is recalling 1,076,999 vehicles in the U.S. due to a defect in the power steering system that could increase the risk of fire, the U.S. National Highway Traffic Safety Administration said on Tuesday. The electric hydraulic power steering pump... Read More.

SpaceX IPO fever sparks hunt for proxy plays in Asia

Tuesday, June 9 by SRN News

By Gregor Stuart Hunter, Summer Zhen and Samuel Shen SINGAPORE, June 9 (Reuters) - SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk's rocket company that are likely to benefit from the... Read More.

How Honda’s old guard tried, and failed, to oust its CEO

Tuesday, June 9 by SRN News

By Norihiko Shirouzu, Daniel Leussink and Maki Shiraki TOKYO, June 9 (Reuters) - Late last year, a handful of retired Honda Motor executives started meeting privately to discuss the Japanese automaker's troubles and the person they believed was the cause: Chief Executive Toshihiro Mibe. Over... Read More.

Morning Bid: Fortune really had better favour the brave

Tuesday, June 9 by SRN News

June 9 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Asian investors, either very brave or very foolish, are back to buying the dip on Tuesday and most regional indices are bouncing. News Iran and Israel had... Read More.

New Balance’s India partner Brandman to expand fivefold, add global brands, exec says

Tuesday, June 9 by SRN News

By Praveen Paramasivam June 9 (Reuters) - U.S. sneaker brand New Balance's India partner, Brandman Retail, plans to more than quintuple its store count by 2028 and introduce brands such as France's Salomon, betting on rising demand for global labels, an executive said. India's affluent consumers... Read More.

Asian shares are mixed as tech stocks rebound from sell-offs, while oil prices slip

Tuesday, June 9 by SRN News

Asian shares were mixed Tuesday, with tech shares leading gains after Wall Street recovered some of its sell-off from last week. Oil prices fell back after surging on Monday as fighting flared between Israel and Iran, threatening to pull the region back into full-scale... Read More.

Stellantis recalling more than 1.3 million Jeep vehicles over fire concerns

Tuesday, June 9 by SRN News

WASHINGTON, June 9 (Reuters) - Stellantis said on Tuesday it is recalling more than 1.3 million Jeep SUVs and trucks worldwide over fire concerns and urged owners to park away from structures or other vehicles until a fix is completed. The recall covers 2021-2025... Read More.

China’s exports jump 19.4% in May from a year earlier, despite Iran war

Tuesday, June 9 by SRN News

HONG KONG (AP) - China's exports picked up pace in May, rising 19.4% from a year earlier, its customs agency said Tuesday, as shipments remained robust despite impacts from the Iran war. The stronger than expected performance was an improvement from April's 14.1% year-on-year increase.... Read More.

Current Weather

Apple failed to make its AI tool to comply to EU regulations, EU Commission says

BOJ to consider pausing bond taper next fiscal year, sources say

Stellantis recalls over 1 million US vehicles over power steering defect, NHTSA says

SpaceX IPO fever sparks hunt for proxy plays in Asia

How Honda’s old guard tried, and failed, to oust its CEO

Morning Bid: Fortune really had better favour the brave

New Balance’s India partner Brandman to expand fivefold, add global brands, exec says

Asian shares are mixed as tech stocks rebound from sell-offs, while oil prices slip

Stellantis recalling more than 1.3 million Jeep vehicles over fire concerns

China’s exports jump 19.4% in May from a year earlier, despite Iran war

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