BUSINESS

Photo Credit: Getty Images

Stellantis, the parent company of brands such as Vauxhall, Jeep, and Fiat, has revealed that it has already incurred a €300 million ($349.2 million) cost as a result of US President Donald Trump's tariffs. The company attributed the financial hit to the tariffs impacting trade and the subsequent reduction in planned production. The 25% tariff on cars being imported to the US has been in place since April.

Photo Credit: Getty Images

Nvidia Corporation announced today its intention to restart sales of its H20 general processing units (GPUs) to clients in China, marking a significant turnaround from previous export restrictions imposed by the United States. The company, in a press release, indicated that it is in the process of securing necessary licenses from the US government to facilitate these shipments.

Photo Credit: Getty Images

Microsoft has announced it will no longer involve engineers based in China in technical support roles for its U.S. defense cloud systems. The move follows a damning ProPublica investigation and mounting pressure from Pentagon officials and lawmakers. The decision, disclosed Friday, marks a swift response to concerns raised over the company's Azure cloud work with the U.S. Department of Defense. Frank Shaw, Microsoft's chief communications officer, said in a post on X, "We've made changes to our support for U.S. Government customers to ensure no China-based engineering teams are assisting with DoD cloud or related services."

Photo Credit: Getty Images

Elon Musk has announced that Tesla shareholders will have the option to invest in his artificial intelligence startup, xAI. Responding to a suggestion on X, the social media platform he recently acquired through xAI, Musk said that while he personally favors Tesla investing in xAI, the decision will be put to a shareholder vote. "If it was up to me, Tesla would have invested in xAI long ago," Musk stated.

Photo Credit: Getty Images

Apple Inc. Has reportedly placed a bid worth at least $150 million per year to secure the exclusive U.S. streaming rights for Formula 1 races starting in 2026, according to Business Insider, citing a source familiar with the negotiations.

Photo Credit: Getty Images

Google stunned observers on Friday by securing Windsurf chief executive Varun Mohan and key engineers in a $2.4 billion licensing‑and‑hiring pact, a maneuver analysts call the biggest "acquihire" since Microsoft's Inflection deal last year.

Photo Credit: Getty Images

Tesla has officially launched in India with the opening of its first showroom in Mumbai on Tuesday. The move comes as the company looks to expand its customer base amid sagging sales in the United States and Europe. The showroom was inaugurated by Maharashtra state's chief minister, Devendra Fadnavis, and opened its doors to selected visitors.