AI saves $500 million for Microsoft as layoffs reshape strategy

AI saves $500 million for Microsoft as layoffs reshape strategy

REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...

FTC’s rule to ease subscription cancellations struck down by court

FTC’s rule to ease subscription cancellations struck down by court

WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs

Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

U.S. stocks recover after Trump-tariffs-induced slump

U.S. stocks recover after Trump-tariffs-induced slump

NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...

Stocks slide as Trump unveils 25% tariffs on Japan, S. Korea

Stocks slide as Trump unveils 25% tariffs on Japan, S. Korea

NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...

BRICS issues rebuke on trade and Iran, avoids direct US criticism

BRICS issues rebuke on trade and Iran, avoids direct US criticism

RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...

BP appoints ex-Shell finance chief Simon Henry to board

BP appoints ex-Shell finance chief Simon Henry to board

LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...

FedEx, UPS step up as Canada Post loses market share in strikes

FedEx, UPS step up as Canada Post loses market share in strikes

OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...

U.S. stocks steady Tuesday despite tariffs turmoil

U.S. stocks steady Tuesday despite tariffs turmoil

NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...

Beijing blamed for covert disinformation on French fighter jet Rafale

Beijing blamed for covert disinformation on French fighter jet Rafale

PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...

Birkenstock steps up legal battle over fakes in India

Birkenstock steps up legal battle over fakes in India

NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...

Beijing hits back at EU with medical device import curbs

Beijing hits back at EU with medical device import curbs

HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...

Wall Street reels after Trump invokes new tariffs

Wall Street reels after Trump invokes new tariffs

NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...

Trump admin allows GE to restart engine sales to China’s COMAC

Trump admin allows GE to restart engine sales to China’s COMAC

WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...

EU plans to tax big corporates to boost coffers FT

EU plans to tax big corporates to boost coffers  FT

The plan is being explained by new spending demands, including for military buildup, and rising debt interest, the newspaper notes...

Indian consumer discretionary sector to show mixed signals: HDFC Securities

Indian consumer discretionary sector to show mixed signals: HDFC Securities

New Delhi [India], July 12 (ANI): The consumer discretionary sector is likely to show mixed signals and is expected to grow at a rate...

India pharma, healthcare revenue to grow steadily in Q1FY26E; EBITDA margins under pressure: Report

India pharma, healthcare revenue to grow steadily in Q1FY26E; EBITDA margins under pressure: Report

New Delhi [India], July 12 (ANI): Indian pharma and healthcare sector will witness steady revenue growth in the first quarter of the...

FPIs infuse Rs 5260 cr in Indian equities this week: NSDL

FPIs infuse Rs 5260 cr in Indian equities this week: NSDL

By Nikhil Dedha New Delhi [India], July 12 (ANI): Foreign portfolio investors (FPIs) remained net buyers in the Indian equity markets...

India's forex reserves fall by $3.05 bn to $699.74 bn; Gold reserves rise by $342 mn

India's forex reserves fall by $3.05 bn to $699.74 bn; Gold reserves rise by $342 mn

Mumbai (Maharashtra) [India], July 12 (ANI): India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD...

India highlights growing Indo-Pacific role under SAGAR vision in 2024 MEA report

India highlights growing Indo-Pacific role under SAGAR vision in 2024 MEA report

New Delhi [India], July 12 (ANI): The Ministry of External Affairs (MEA) has underlined India's increasing involvement in the Indo-Pacific...

Relations with US will never be the same von der Leyen

Relations with US will never be the same  von der Leyen

Washington and Brussels have been fighting over a tariff increase since February Relations with the US may never return to what they...

Canada: Carney cites 'vital progress' on fentanyl amid Trump's tariff threat

Canada: Carney cites 'vital progress' on fentanyl amid Trump's tariff threat

Ottawa [Canada], July 11 (ANI): A day after US President Donald Trump announced a new 35 percent tariff on Canadian goods set to take...

EU could fine Meta $22 million per day Reuters

EU could fine Meta $22 million per day  Reuters

Facebooks parent firm has reportedly refused to make further changes to its controversial pay-or-consent model Facebook's parent...

US State Department to begin mass layoffs within days media

US State Department to begin mass layoffs within days  media

Nearly 2,000 jobs in the executive branch dealing with foreign policy are reportedly on the chopping block The US State Department...

Reliance Industries to report April-June quarter earnings on July 18 after Board meeting

Reliance Industries to report April-June quarter earnings on July 18 after Board meeting

Mumbai (Maharashtra) [India], July 11 (ANI): The Board of Directors of Reliance Industries Ltd is scheduled to be held on July 18,...

Europe is losing JPMorgan CEO

Europe is losing  JPMorgan CEO

The regions economic competitiveness is dwindling, Jamie Dimon has warned Western Europe is losing the economic competition with...

BSE, NSE jointly urge investors to do due diligence before investing in bonds online

BSE, NSE jointly urge investors to do due diligence before investing in bonds online

Mumbai (Maharashtra) [India], July 11 (ANI): Stock exchanges BSE and NSE have jointly urged market participants to take into account...

Indian stocks end lower amid weak Q1 earnings start and US tariff threat on Canada

Indian stocks end lower amid weak Q1 earnings start and US tariff threat on Canada

Mumbai (Maharashtra) [India], July 11 (ANI): Indian stock markets on Friday ended on a negative note due to a sober start to the first...

US, Russia top diplomats meet again over Ukraine at ASEAN summit

US, Russia top diplomats meet again over Ukraine at ASEAN summit

Kuala Lumpur [Malaysia], July 11 (ANI): Russian Foreign Minister Sergey Lavrov and United States Secretary of State Marco Rubio met...

NATO countries will pay full price for American weapons Trump

NATO countries will pay full price for American weapons  Trump

Some of the arms could later be handed over to Ukraine, the US president has indicated America's NATO partners will pay full price...

Srebrenica Etched Into Memory As 30th Anniversary Marked

Srebrenica Etched Into Memory As 30th Anniversary Marked

SREBRENICA - Thousands of people have gathered in Srebrenica, Bosnia-Herzegovina, to mark the 30th anniversary of the only acknowledged...

Economic Watch: Food inflation is entering "historic" high, says Conagra CEO

Economic Watch: Food inflation is entering "historic" high, says Conagra CEO

For fiscal 26, we expect core cost of goods inflation to be approximately 4 percent, Connolly said. This level of inflation in fiscal...

Gurugram: Deepak Yadav accused of killing his daughter Radhika brought to city court

Gurugram: Deepak Yadav accused of killing his daughter Radhika brought to city court

Gurugram (Haryana) [India], July 11 (ANI): Gurugram police have taken key accused Deepak Yadav to the city court after he was arrested...

World Insights: Britain, France sign major defense, migration accords after bilateral summit

World Insights: Britain, France sign major defense, migration accords after bilateral summit

Britain and France unveiled a sweeping set of agreements on nuclear deterrence and migration control cooperation. by Xinhua Writers...

Gold's rally awaits clarity on US interest rates and dollar weakness: Report

Gold's rally awaits clarity on US interest rates and dollar weakness: Report

New Delhi [India], July 11 (ANI): Current bullion market is focusing on a combination of factors which includes direction of US interest...

Businesses globally are hesitating to take significant investment decisions due to geopolitical tensions and trade negotiation setbacks: Report

Businesses globally are hesitating to take significant investment decisions due to geopolitical tensions and trade negotiation setbacks: Report

New Delhi [India], July 11 (ANI): Businesses across the world are hesitating to make significant investment decisions because of rising...

UK's aid to boost Ukraine's defence growth, to give 283 million Euros in bilateral aid next year

UK's aid to boost Ukraine's defence growth, to give 283 million Euros in bilateral aid next year

London [UK], July 11 (ANI): New UK package of support for Ukraine's immediate and longer-term needs was tabled at Ukraine Recovery...

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From France’s shores, desperate migrants look to reach British coast
From France’s shores, desperate migrants look to reach British coast

ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...


CDC: US records 1,288 measles cases, most since 1992 outbreak
CDC: US records 1,288 measles cases, most since 1992 outbreak

ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...


Gaza War sucking life out of an Israeli generation
Gaza War sucking life out of an Israeli generation

In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...


Faulty IT system at heart of UK Post Office scandal, says report
Faulty IT system at heart of UK Post Office scandal, says report

LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...


Travelers can now keep shoes on at TSA checkpoints
Travelers can now keep shoes on at TSA checkpoints

WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...


Rubio impersonator used AI to reach officials via Signal: cable
Rubio impersonator used AI to reach officials via Signal: cable

WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...


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Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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