General Motors Co and South Korea's Posco Future M said on Friday (June 2) they will invest more to boost production at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over US$1 billion (RM4.58 billion).

GM, Posco Future M to boost investment at Canada battery materials plant

UBS chief executive Sergio Ermotti on Friday (June 2) warned of painful decisions about job cuts following the takeover of Credit Suisse, which he said he hoped would be formalised in coming days.

UBS CEO warns of painful jobs decisions after Credit Suisse takeover

NEW DELHI (June 2): Streaming giants Netflix, Amazon and Disney on Friday (June 2) privately discussed a possible legal challenge and other ways to stall India's new tobacco warning rules, amid fears they will need to edit millions of hours of existing web content, sources said.

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Netflix, Disney, Amazon to challenge India's tobacco rules for streaming — sources

Oil prices rose on Friday (June 2) after a US debt ceiling deal averted a default in the world's biggest oil consumer, while attention turned to a meeting of Opec ministers and their allies at the weekend.

Oil prices rise after US debt deal, all eyes on Opec meeting

Former prime minister Boris Johnson said he would provide copies of his Covid-era WhatsApp messages directly to the country’s inquiry into the pandemic, undercutting Rishi Sunak’s effort to block their release.

Boris Johnson provides Covid WhatsApp messages directly to UK inquiry

China’s State Council urged an extension of electric car incentives, as the government seeks to stimulate consumer demand for new-energy vehicles.

The foundation for China’s economic recovery is not solid yet, the nation’s state radio reported late on Friday (June 2), citing a State Council meeting chaired by Premier Li Qiang. China will therefore extend and optimise new-energy vehicle purchase tax exemptions, the report said, without giving more detail.

China urges extension of EV incentives amid lacklustre demand

The environmental, social and governance (ESG) fund with the biggest exposure to Nvidia Corp has just beaten 99% of its peers, as bets on artificial intelligence (AI) transform the fortunes of portfolios promoting ESG principles.

ESG fund manager beats 99% of peers with giant bet on Nvidia

The sharpest rally for Chinese stocks in three months is doing little to convince money managers that the market is set for a sustained turnaround.

Sharp rally in Chinese stocks falls short of dispelling gloom

Zhejiang Geely Holding Group Co is considering raising funds for the maker of London’s iconic black cabs, people familiar with the matter said, as the Chinese automaker looks to bolster its electric fleet.

London black cab owner Geely exploring fundraising — sources

Two of the world’s top casino operators are laying the groundwork to potentially establish gambling facilities in Thailand as the industry looks to hedge against a deteriorating outlook in Macau.

Galaxy, MGM said to be exploring opening casinos in Thailand

Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, driven by a surge in investor interest in artificial intelligence, according to BofA Global Research released on Friday (June 2).

Tech shares see biggest ever weekly inflow on AI boom — BofA

China is working on a new basket of measures to support the property market after existing policies failed to sustain a rebound in the ailing sector, according to people familiar with the matter.

Regulators are considering reducing the down payment in some non-core neighbourhoods of major cities, lowering agent commissions on transactions, and further relaxing restrictions for residential purchases under the guidance of the State Council, the people said, asking not to be named because the matter is private.

China mulls new property-market support package to boost economy

China's yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret over a bumpy pandemic recovery in the world's second-largest economy.

China's yuan may slip further to aid economic recovery — analysts

Prominent members of German mainstream parties have expressed alarm at a new poll that shows support for the far-right Alternative for Germany at a record high, Associated Press reported.

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