China's tech giant Xiaomi has announced the commencement of deliveries for its first electric vehicle (EV) model, SU7, this month, marking its foray into the competitive automotive landscape, Reuters reported.

Xiaomi set to revolutionise EV market with SU7 launch, shares surge 7 pc

In a resolution to a decade-old dispute, Ford Motor will pay a hefty sum of $365 million to settle allegations brought forth by the US Justice Department. The government accused Ford of violating federal tariff laws by misclassifying and understating the value of hundreds of thousands of its Transit Connect vehicles, imported from Turkey.

Ford settles US import tariff evasion case, agrees to pay $365 million

Nvidia, renowned for its AI-powered chips, finds itself entangled in a legal battle as three authors file a lawsuit against the tech giant. Brian Keene, Abdi Nazemian, and Stewart O'Nan have accused Nvidia of utilising their copyrighted books without permission to train its NeMo AI platform.

Authors sue Nvidia for copyright infringement in AI training: Report

India has sealed a significant trade and economic partnership with the European Free Trade Association (EFTA), comprising Switzerland, Norway, Liechtenstein, and Iceland.

India secures $100 billion investment commitment in landmark trade pact with EFTA

Brazilian markets experienced a significant downturn following a surprising move by state-controlled oil giant Petroleo Brasileiro SA, commonly known as Petrobras, which paid a lower-than-anticipated dividend.

Brazil's Market Turmoil: Petrobras dividend disappointment sparks investor concerns

Egypt’s inflation rate witnessed an unexpected surge in February, marking a notable acceleration even before the much-anticipated flotation of the Egyptian pound.

Egypt’s inflation unexpectedly surges amid currency flotation

Indian Edtech firm, Byju’s has recently encountered challenges in salary disbursement for its employees due to financial constraints stemming from a legal battle with some of its investors.

Byju’s pays salaries of 25 pc employees, makes partial payment to others: Report

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Byju’s pays salaries of 25 pc employees, makes partial payment to others: Report Indian Edtech firm, Byju’s has recently encountered challenges in salary disbursement for its employees due to financial constraints stemming from a legal battle with some of its investors.

WION Business Wrap | Byju’s pays employee’s salaries, Egypt’s unexpected inflation and more

Chinese authorities have sent a clear message that struggling real estate developers shouldn't expect a significant bailout, as the government puts on a spotlight on accountability and market principles in the face of financial woes, as per a CNBC report.

Chinese authorities signal no major bailout for struggling real estate developers

Delta Airlines anticipates a potential delay in the delivery of its Boeing Co. 737 Max 10 aircraft until as late as 2027 amidst ongoing safety and criminal reviews faced by the aircraft manufacturer.

Delta Airlines foresees potential Boeing 737 Max 10 delay until 2027

Chinese regulators have reportedly convened with financial institutions to address the challenges faced by state-backed property developer China Vanke. According to two sources familiar with the matter, regulators urged large banks to boost financing support while urging private debt holders to consider maturity extensions.

Regulators rally financial support for China Vanke amid liquidity concerns

Japan's economy managed to dodge a technical recession, as per revised government data released on Monday. The revised Gross Domestic Product (GDP) figures for the October-December period indicated an expansion, although weaker than anticipated, sparking concerns over the slow economic recovery.

Japan's economy evades recession, but concerns persist over weak recovery

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