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Japan last weekend, U.S. national security adviser Jake Sullivan said on Tuesday, ahead of U.S. summits this week with the Japanese and Philippine leaders. Warships from the four nations staged the exercises on Sunday following stepped up Chinese pressure on the Philippines in the disputed strategic waterway. U.S. President Joe Biden hosts Japanese Prime Minister Fumio Kishida in Washington on Wednesday and the two and Philippines President Ferdinand Marcos will meet on Thursday for talks that will include ways to push back against China.

FAA) is investigating a Boeing whistleblower's claims that the company dismissed safety and quality concerns in the production of the planemaker's 787 and 777 jets, an agency spokesperson said on Tuesday. The planemaker has been grappling with a full-blown safety crisis that has undermined its reputation following a Jan. 5 mid-air panel blowout on a 737 MAX plane. It has undergone a management shakeup, U.S. regulators have put curbs on its production, and deliveries fell by half in March.

JPMorgan Chase Banking Business CEO Ben Walter discusses how small business optimism can increase on The Claman Countdown.

The great thing about X, the rebranded Twitter owned by Elon Musk, is its frictionless capacity for escalation. Let’s back up to several hours before that post on what was a bizarre Friday even by the standards of Tesla and its chief executive officer. Late that morning, a Reuters story, citing several unnamed sources and internal messages, reported that Tesla has scrapped plans for a cheaper electric vehicle (EV) dubbed ‘Model 2.’ Tesla’s stock dropped by more than 5% in short order.

Boeing said on Tuesday it had delivered 29 airplanes in March, down more than half from the 64 delivered in the same month a year ago, as 737 MAX production slipped on increased quality checks and audits by regulators. Boeing has said it is producing fewer MAX single-aisle jets to improve manufacturing quality after the Jan. 5 mid-air blowout of a door plug on a 737 MAX 9 jet brought the U.S. planemaker under increased scrutiny from regulators.

Reuters as saying that Russian Foreign Minister Sergei Lavrov's visit to Beijing could be seen as preparation for "upcoming contacts at the highest level." ALSO READ: China Providing Geospatial Intelligence to Russia, US Warns "Indeed, such contacts are planned and there is an understanding of their expediency and necessity, given the high level of friendly relations between the Russian Federation and China," Peskov told reporters. ALSO READ: Yellen Threatens Sanctions for China Banks That Aid Russia War "But we still consider it premature to specify any time frames.

Italy's government is mulling tougher penalties for crimes using Artificial Intelligence (AI) tools including market rigging and money laundering, according to a draft law bill seen by Reuters on Tuesday. The 25-article draft bill lays down general principles «on research, experimentation, development, adoption and application» of AI in Italy, to cope with «the impact on fundamental rights» and related economic and social risks.

Also Read: Stock market may see sharper than expected correction in the next fortnight, says Sanjiv Bhasin of IIFL Securities Besides the uplift in India’s macroeconomic fundamentals, the surge in inflows from retail investors over recent years has significantly contributed to the ascent of Indian stocks to unprecedented heights. In FY24, a notable 3.7 crore demat accounts were registered, averaging 30 lakh additions monthly, representing the highest surge ever documented in the history of Indian capital markets.

Tesla has decided not to pursue their Model 2, their low-end car because they don’t think they can compete with the low-end Chinese cars," Eberhard said in an interview with Bloomberg TV at the summit. “I think that’s a shame, they might want to rethink that.

Bain Capital has sold its Axis Bank stake at 1,071 rupees ($12.87) per share to raise $429 million, according to a source with direct knowledge of the matter. The source could not be identified due to the confidential nature of the information.

ALSO READ: Musk Claims ‘Storm Has Passed’ as Tesla Sweden Strike Drags On In the past, Elon Musk had said that Tesla will make a car that did not have human controls. He had also said that Tesla cars, which will have full self-driving capability will through software, gradually become better and better at driving, CNN reported.

Elon Musk announced he'll unveil a Tesla robotaxi in August, it was a clear attempt to arrest a spiral for the once high-flying carmaker. Tesla shares already had been sinking before the company reported anemic quarterly delivery figures last week. Then, Reuters reported the automaker was shelving plans for a cheaper electric vehicle, extending the tailspin. Musk's vague denial didn't do the trick — the stock closed Friday as the worst performer in the S&P 500 this year. So the chief executive officer turned to his tried-and-true playbook: change the narrative by dangling a new product. The shares jumped in late trading at the end of last week and traded up 4.2% at the start of Monday's premarket session.

Biocon is building capability “to take advantage of what could be a very, very strategic peptide opportunity with GLPs at the center," Group Chief Executive Officer Peter Bains told analysts in November. The loss of exclusivity for GLPs will create a multibillion dollar market over the next 10 years and this opportunity was “very complementary" to Biocon’s current biologics business, according to Bains. In the UK, Mittal said the company will wait for the publicly-funded, National Health Service, to issue a tender to launch its liraglutide injectible.

India's silver imports surged by 260% in February to a record high, as lower duties encouraged large purchases from the United Arab Emirates (UAE), government and industry officials told Reuters, adding they were on track to increase by 66% this year. Higher demand in India, the world's biggest silver consumer, could support global prices trading near their highest in three years. India imported a record 2,295 metric tons of silver in February, up from 637 tons in January, said a government official, who declined to be named as he was not authorised to talk to the media.

Read here: Week Ahead: Inflation data, Q4 results, crude oil prices, global cues among key market triggers this week On Friday, the domestic equity indices ended flat after the Reserve Bank of India (RBI) announced its monetary policy in line with expectations. The central bank kept the key policy repo rate unchanged at 6.5% and maintained its policy stance as ‘withdrawal of accommodation’. The Sensex rose 20.59 points, or 0.03%, to close at 74,248.22, while the Nifty 50 settled flat at 22,513.70.

Wipro Chief Executive Officer and Managing Director. He will be succeeded by Srinivas Pallia, who has spent nearly three decades with Wipro. Till now he was the CEO for the company's Americas 1 area, said the company in its BSE filing on Saturday.

It's been a rough few months for Edward Ruff, a 40-year-old managing director at Citigroup in New York. 

imposing a cap on study permit applications to curb the rapid increase of international students in Canada. Now the cap will be based on the number of study permits expiring this year, he said. This effectively means the number of international students who will enter Canada in 2024 will be the same as the number of students whose permits cease to continue this year onwards.

Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions. Musk, who ranked first on the Bloomberg Billionaires Index as recently as early March, fell to fourth after Reuters reported Tesla Inc. had canceled plans for a less-expensive car, sending shares lower. However, Musk denied the report. That followed news earlier in the week that Tesla’s vehicle deliveries fell in the three months through March, their first year-over-year decline since the early days of the Covid pandemic.

earthquake on April 5, measuring 4.8 magnitude on the Richter scale, followed by an aftershock, as per a Reuters report. "If there is an aftershock, people are encouraged to drop and cover and to hold, drop to the floor, cover your neck, and hold onto something that is sturdy," New York Governor Kathy Hochul stated, as quoted by CNN. Hochul further advised residents to exercise caution, especially around buildings, particularly high rises.

Reuters. "If there is an aftershock, people are encouraged to drop and cover and to hold, drop to the floor, cover your neck, and hold onto something that is sturdy," CNN quoted Kathy Hochul as saying, requesting New Yorkers to take caution around the building, especially high rises if there are any aftershocks. Hochul added, "If you hear shifting or any noises, unusual noises, leave your home, go outside." Apart from this, she urged New Yorkers to inspect their homes for damage which included checking all walls, doors, floors, and windows and inspecting waterlines and gas lines. ALSO READ: New York earthquake: FAA holds flights for city airports till noon, warns passengers of 30-40 minutes delay However, New York City Emergency Management Commissioner Zachary Iscol said that there is a low likelihood of aftershocks.