Multiple videos surfaced showing the world's richest man, Elon Musk, arriving with his son, X Æ A-Xii, at a high-level diplomatic reception for Donald Trump and Xi Jinping in Beijing. Musk dressed X in a blue Chinese-style silk vest as they both held hands, the visuals of which went viral in China. Musk later revealed that X is learning Mandarin.

Luxury brand Louis Vuitton is selling fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III. The two buyers agreed to each pay $425 million to jointly buy the brand and equally split ownership. This move marks a significant step in LVMH's efforts to streamline its fashion and retail portfolio amid Iran war.

US SEC may drop bribery charges against Gautam Adani after he hired lawyer Robert Giuffra Jr, NYT reported. Giuffra, one of Donald Trump's personal lawyers, presented 100+ slides to argue that prosecutors lacked basic evidence in the ₹2,400-crore case. Giuffra also made a $10-billion investment offer from Adani, which prosecutors refused to consider when deciding whether to drop the charges.

RBI has cancelled registration of 150 non-banking financial companies, barring them from carrying out non-banking financial institution business. Around 67 of the NBFCs were registered in Delhi, while 75 companies were registered in West Bengal. RBI also cancelled the registrations of seven additional NBFCs after they surrendered their licenses. It restored the registration of a Jaipur-based NBFC.

MCX on Thursday announced the launch of 100-gram Silver 100 futures contracts from June 1, 2026. The future contracts will be available for trading across expiry months from July to November 2026. The government has raised import duty on gold and silver to 15% from 6% to curb imports and contain the widening import bill amid the West Asia crisis.

Petrol, diesel and CNG prices were hiked in India, which is likely to have a domino effect on prices of other commodities. Vegetables, fruits, grains, edible oil and dairy products are likely to be hit first, followed by delivery charges and transport fares on quick commerce and food delivery apps. Flight tickets may become costlier, and farming costs may jump.

With hike in petrol and diesel prices amid the Middle East crisis, the prices of petrol and diesel in Delhi have been increased by ₹3 to ₹97.77 and ₹90.67, respectively. Meanwhile, new petrol price is ₹108.74 in Kolkata, ₹106.68 in Mumbai and ₹103.67 in Chennai. New diesel price is ₹95.13 in Kolkata, ₹93.14 in Mumbai and ₹95.25 in Chennai.

Indraprastha Gas Limited (IGL) hiked retail price of CNG in Delhi by ₹2/kg, following the nationwide hike in petrol and diesel prices by Indian Oil. CNG will now cost ₹79.09/kg in Delhi, up from ₹77.09/kg, while petrol and diesel prices will now be ₹97.77/litre and ₹90.67/litre. Mahanagar Gas Limited hiked CNG prices in Mumbai by ₹2/kg to ₹84/kg on Thursday.

Amid the Middle East crisis, prices of petrol and diesel have been hiked by around ₹3 per litre from May 15. In Delhi, the price of petrol has been hiked to ₹97.77 while the price has been hiked to ₹90.67 for diesel, as per IOCL. This is the first time retail fuel prices have been hiked in four years.

Yas Island is set to become home to the world's second Sphere venue as the Department of Culture and Tourism. Abu Dhabi announced a $1.7 billion investment to build Sphere Abu Dhabi, marking the first Sphere project outside the United States. The project, announced in partnership with Sphere Entertainment Co. is expected to be completed by the end of 2029.