Business & Finance Summary

In today's business and finance news, the San Diego County Board of Supervisors has voted to oppose an offshore oil drilling proposal, citing environmental concerns that could impact the local economy.

Meanwhile, Netflix faces a consumer class action lawsuit over its $72 billion acquisition bid for Warner Bros Discovery, with claims that the merger could reduce competition in the streaming market. On the international front, large Indian refiners are purchasing Russian oil at discounted rates, while Reliance Industries has opted to avoid this trade.

In Asia-Pacific, markets are mixed as investors digest China's consumer inflation data, which has hit a near two-year high, despite producer deflation pressures, prompting calls for further policy stimulus from economists.

Amazon has announced a significant investment of $35 billion in India's cloud and AI sectors by 2030, reflecting a race among tech giants to secure footholds in emerging markets. The International Monetary Fund has also raised its growth forecast for China to 5% for 2025, indicating resilience in the economy amidst recent fluctuations.