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Honda records its first-ever annual loss on a costly EV strategy

Honda records its first-ever annual loss on a costly EV strategy

Honda says it racked up a full-year loss for the first time ever, losing $2.7 billion in the last fiscal year due to a costly electric-vehicle strategy

Fervo Energy raises $1.89 billion in US IPO

Fervo Energy raises $1.89 billion in US IPO

May 12 (Reuters) - Geothermal energy developer Fervo Energy said on Tuesday it has raised $1.89 billion in its upsized U.S. initial public offering, highlighting robust investor appetite for the listing.

Iran war to cast a shadow on BRICS foreign ministers meeting in Delhi

Iran war to cast a shadow on BRICS foreign ministers meeting in Delhi

By Aftab Ahmed and Saurabh Sharma NEW DELHI, May 13 (Reuters) - The U.S.-Israeli war on Iran is set to cast a shadow over a two-day meeting of the foreign ministers of the BRICS grouping that kicks off in New Delhi on Thursday, testing the bloc's ability to reach a unified position and produce a

World shares mostly gain as investors watch Trump-Xi summit

World shares mostly gain as investors watch Trump-Xi summit

World shares are mostly higher as investors closely monitor takeaways from the summit between U.S. President Donald Trump and Chinese leader Xi Jinping

Tesla CEO Elon Musk and Nvidia CEO Jensen Huang travel to China aboard Air Force One with Trump

Tesla CEO Elon Musk and Nvidia CEO Jensen Huang travel to China aboard Air Force One with Trump

Prominent U.S. executives from Big Tech and Wall Street to agriculture and aerospace joined President Donald Trump on his trip to China

Tensions flare near Strait of Hormuz as a ship is seized and another is sunk

Tensions flare near Strait of Hormuz as a ship is seized and another is sunk

Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman

US and China seek to repair damage from tariff war that sent trade into a freefall

US and China seek to repair damage from tariff war that sent trade into a freefall

President Donald Trump's trade war with Beijing has sent U.S.-China trade into a freefall and forced companies on both sides of the Pacific to regroup

Wall Street heads for gains before the bell as Trump and Xi meet eye Trump-Xi summit

Wall Street heads for gains before the bell as Trump and Xi meet eye Trump-Xi summit

Wall Street was poised to open with gains following another record-setting day and investors monitored developments coming from U.S. President Donald Trump’s summit with Chinese leader Xi Jinping in Beijing

Trading Day: AI beats Iran impasse

Trading Day: AI beats Iran impasse

By Jamie McGeever ORLANDO, Florida, May 11 (Reuters) - U.S. and world stocks touched new highs on Monday, as artificial intelligence fever continued to outweigh the prolonged U.S.-Iran impasse.

Group of top executives including Musk and Cook invited to join Trump on trip to China

Group of top executives including Musk and Cook invited to join Trump on trip to China

A group of top executives from American tech, finance and agricultural companies have been invited to join President Donald Trump on his trip to China this week, according to a White House official

World markets feel the strain as US–Iran war grinds on

World markets feel the strain as US–Iran war grinds on

By Karin Strohecker and Dhara Ranasinghe LONDON, May 12 (Reuters) - From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.

BRICS foreign ministers meet in India as Iran war, oil prices and divisions test the bloc's unity

BRICS foreign ministers meet in India as Iran war, oil prices and divisions test the bloc's unity

BRICS foreign ministers have started a two-day meeting in New Delhi