Apple Inc. $AAPL, known for its vertically integrated approach to hardware and software, is exploring generative artificial intelligence (AI) to enhance the design process of its proprietary semiconductors. In a private speech delivered in Belgium last month, Johny Srouji, Apple’s Senior Vice President of Hardware Technologies, revealed that the company aims to integrate generative AI into its chip design workflow — a move that could redefine its position in the global semiconductor race.
Honda Motor Co. $7267.T has initiated a significant recall campaign in the United States, affecting more than 259,000 vehicles due to a defect in the brake pedal assembly. According to the U.S. National Highway Traffic Safety Administration (NHTSA), the faulty component may shift out of position, potentially compromising braking performance and increasing the risk of collisions or injury. The issue impacts a wide range of models across the Acura and Honda brands, covering production years from 2021 to 2025.
The U.S. Supreme Court has agreed to hear a high-stakes appeal from major energy companies including Chevron Corp. $CVX and Exxon Mobil Corp. $XOM concerning climate liability lawsuits brought by Louisiana coastal parishes. The litigation centers on decades of alleged environmental degradation tied to oil and gas production—specifically in Plaquemines and Cameron Parishes—amid claims that these activities exacerbated coastal erosion and climate vulnerability.
Singapore’s sovereign wealth fund Temasek Holdings has officially entered the AI infrastructure race, joining a high-profile consortium led by Microsoft $MSFT, BlackRock $BLK, and MGX. According to materials disclosed during BlackRock’s investor day, the move consolidates global investment interest in scaling the backbone of artificial intelligence across strategic markets.
Silver Airways, a regional U.S. airline headquartered in Florida, abruptly canceled all flights on Wednesday, June 11, following a sudden announcement of bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. The decision to ground operations has left hundreds of travelers stranded across the Southeastern United States and the Caribbean, underscoring the ongoing volatility in the regional aviation sector.
The deadline for the submission of "best offers" in US trade negotiations expired on Wednesday without official statements, deepening uncertainty surrounding tariffs and supply chain disruptions. The Switch 2, predominantly manufactured in China and sold in Japan, faces significant market unpredictability in terms of availability and pricing. Meanwhile, escalating political tensions in the US, including President Donald Trump’s recent travel bans on citizens from 12 countries, add complexity to international economic relations. Against this backdrop, Japan is deploying its chief trade negotiator Ryosei Akazawa to Washington, while Germany’s new Chancellor Friedrich Merz is also set to meet Trump, signaling a critical juncture in US trade diplomacy.
India, the world’s third-largest automotive market, has officially enacted a long-awaited electric vehicle (EV) policy aimed at incentivizing global automakers to localize EV production. The policy, which lowers import tariffs for manufacturers that commit to domestic investment, was seen as a direct overture to Tesla Inc. $TSLA. However, India’s federal government confirmed Monday that Tesla has decided not to pursue local EV production, leaving room for competitors such as Mercedes-Benz $MBG.DE and Volkswagen $VOW.DE to gain early-mover advantage in the subcontinent’s burgeoning EV landscape.
General Motors $GM announced a substantial $888 million investment in its Tonawanda, New York engine plant, aimed at boosting production capacity and launching a next-generation V8 engine. This commitment reflects a notable pivot by the Detroit-based automaker amid slower-than-anticipated electric vehicle (EV) market growth and regulatory challenges, signaling a recalibration of product strategy.
Crude oil prices stabilized on Monday after former U.S. President Donald Trump extended the deadline for trade negotiations with the European Union. This decision temporarily reduced concerns over imminent tariffs that could have dampened demand for refined petroleum products and crude imports, particularly in transatlantic trade.
On Monday, the euro (EUR) and risk-sensitive currencies such as the Australian dollar (AUD) saw notable gains after former U.S. President Donald Trump retracted his earlier threat to impose 50% tariffs on European Union imports starting June 1. The policy shift came as the EU requested additional time to negotiate what it called a “constructive agreement.”
Vietnam’s Ministry of Technology has issued a directive requiring telecommunications providers to block access to the popular messaging app Telegram. The order, issued on May 21 and signed by the Deputy Head of the Ministry’s Telecommunications Department, targets Telegram for its alleged failure to cooperate in combating crimes conducted via its platform.
Following a temporary easing in US-China trade tensions, Japan’s Komatsu Ltd. $6301.T, the world’s second-largest construction and mining equipment manufacturer, expects a less severe hit from U.S. tariffs than previously projected. CEO Takuya Imaiyoshi stated in an interview with Reuters that the projected negative impact on operating profit will be reduced by roughly ¥20 billion (USD 140 million), bringing the anticipated damage down to around ¥74.3 billion.
