India ties up with UAE to settle trade in rupees

India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India’s efforts
Tesla builds first Cybertruck after two years of delays

Tesla built its first Cybertruck at the electric-vehicle marker’s plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays.
Oil down 1% on weak China GDP data, resumption of Libya output

Oil prices extended their decline into a second session on Monday after China’s second-quarter growth came in weaker than expected, fuelling concern about demand in
US working with India on platform to speed energy transition – Yellen

The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India’s
Open-source AI model creator Nomic raises $17 million led by Coatue

AI startup Nomic has raised $17 million in a new funding round from investors led by Coatue, the companies told Reuters. The investment valued New
US online sales in Amazon’s Prime Day rise to $12.7 billion, Adobe Analytics data show

U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for more bargains and discounts
G20 to discuss international debt architecture, more loans to developing nations

Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture and
Tesla looking to make about half million EVs annually in India, Times of India reports

Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a million electric
Cerberus heatwave threatens new record temperatures for Europe

Southern Europe sweltered under a fierce heatwave on Thursday, with a warning that temperatures could hit record highs for the continent next week, raising fears
OPEC sees 2.2% oil demand growth in 2024 despite headwinds

OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in 2024 despite economic headwinds as China

