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Ferrari and BMW are joining Tesla and several Chinese automakers in replacing copper wiring with aluminium as manufacturers seek to lower production costs, reduce vehicle weight and strengthen supply chains amid rising demand for electric vehicles.
India's record share sales highlight the country's fast-growing retail investor base, with smartphone trading apps making stock market participation easier than ever. Digital investing continues to reshape India's capital markets and attract companies seeking public listings.
The European Union has confirmed that its commitments under the latest trade agreement with the United States will take effect on July 1. The move is expected to strengthen transatlantic economic cooperation, provide greater certainty for businesses, and support ongoing efforts to reduce trade tensions.
Ford is recalling over 741,000 vehicles across the United States after regulators identified a defect involving the electronic park system that could increase the risk of unintended vehicle movement. Owners are expected to receive notification and repair instructions as part of the recall process.
JPMorgan Chase has promoted two senior executives to co-president roles in one of its most significant leadership changes in years. The appointments are widely viewed as a key step in preparing for the eventual succession of longtime CEO Jamie Dimon while reinforcing the bank's focus on long-term stability.
Meta has announced a $900 million investment in Indian fintech company CRED while naming founder Kunal Shah as the new head of WhatsApp. The move highlights Meta's growing commitment to India and its ambitions in digital payments, commerce, and financial technology.
Australia has reached a record-breaking $1.7 billion defense export agreement with Canada, marking a major milestone for its defense industry and strengthening security cooperation between the two allied nations.
Porsche is working to finalize a new cost-cutting package by July as the luxury automaker faces slowing demand, rising competition, and the costly transition toward electrification. The initiative is expected to focus on efficiency improvements and long-term profitability.
Japan plans to mobilize roughly $2.3 trillion in combined public and private investment by 2040 as part of a long-term strategy to strengthen economic growth, technological competitiveness, and industrial resilience. The initiative is expected to focus on sectors including artificial intelligence, semiconductors, advanced manufacturing, and infrastructure.
A leading German economic institute has warned that escalating conflict involving Iran could weaken Germany’s growth outlook by driving energy prices higher. The warning highlights the vulnerability of Europe’s largest economy to global energy market disruptions and renewed inflation pressures.
