Intel to slash 15,000 jobs amid struggles to keep up with Nvidia and AMD | Technology
US chip maker to cut 15 percent of workforce as part of efforts to cut costs by $10bn in 2025.Chipmaker Intel has announced plans to…
Nvidia records biggest daily gain in market value in history | Financial Markets
Californian-based chip maker adds $330bn to market value in a single day, blasting past previous record.Nvidia has recorded the biggest daily jump in market value…
Meta shares surge after tech giant reports $13.5bn profit | Financial Markets
CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end.Meta, the parent company of…
As Maduro faces Gonzalez in Venezuela, sanctions remain a key hurdle | Elections News
“Life has been hard for years now. It’s true that food prices have come down recently, but they’re still so high,” says Rodrigo, a private…
Japan protests Russia ban on 13 business executives, including Toyota head | Russia-Ukraine war News
Russia did not give any reason for the selection of the people it had banned.Japan’s government said it has protested against Russia’s announcement that it…
US regulators investigate Delta as it struggles to recover from outage | Aviation News
The collapse at Delta is stunning for an outfit that was widely viewed as the best big US airline.United States regulators are investigating how Delta…
India’s Modi sets aside billions for jobs, allies in post-election budget | Business and Economy News
India’s government has assigned billions of dollars for job creation and regions run by key coalition partners in a budget aimed at cementing the coalition…
Chaos as airlines around the world hit by IT outage | Aviation News
Passengers around the world have faced flight delays, cancellations and problems checking in as airports and airlines are caught up in a significant IT outage…
US stocks tumble as tech share rebound falters | Financial Markets
Fears of new trade tensions with China drive main indexes lower.Wall Street’s top indices fell as a rebound in tech shares tumbled, adding to losses…
Chip stocks shed $480bn on China trade fears, Trump’s Taiwan comments | US Election 2024 News
US told allies it is considering using the most severe trade curbs available if companies continue giving Beijing access to advanced semiconductor technology.Wall Street’s semiconductor…
The Trump economy: Slower growth, higher prices and a bigger national debt | Financial Markets News
If Donald Trump is re-elected president of the United States in November, Americans can expect higher inflation, slower economic growth and a larger national debt,…
Trump Media, gun stocks surge after assassination attempt | US Election 2024 News
Crypto stocks, gun stocks and shares of other companies that could benefit from a Donald Trump presidency are up after an assassination attempt on the…
Data of nearly all AT&T customers downloaded in security breach | Cybersecurity News
The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a security breach, the company has said,…
Archegos founder Bill Hwang convicted at fraud trial over fund’s collapse | Business and Economy News
Archegos Capital Management founder Sung Kook “Bill” Hwang has been convicted of fraud and other charges by a jury in a Manhattan federal court at…
US Fed’s Powell cites slowing job market in signal rate cuts may be coming | Inflation News
The United States Federal Reserve faces a cooling job market as well as persistently high prices, Chairman Jerome Powell has said in testimony to the…
Paramount, Skydance to merge and end Redstone family’s reign in Hollywood | Entertainment News
Deal also signals rise of new power player, David Ellison, Skydance founder and son of Oracle billionaire Larry Ellison.The entertainment giant Paramount will merge with…
General Motors to pay $146m fine over excess emissions from older vehicles | Automotive Industry News
Emissions from certain vehicles were 10 percent more on average than GM’s initial compliance testing claimed. General Motors will pay nearly $146m in penalties to the…
New twist in clash between US short seller Hindenburg and India’s Adani | Business and Economy News
India’s securities regulator has alleged Hindenburg colluded with another entity to help it short Adani Group. Hindenburg Research has denied allegations by India’s securities regulator…
Nike stock plunges on surprise forecast of drop in sales | Retail News
Nike’s stock has plunged as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant’s efforts…
US investigators sanction Boeing for sharing information on mid-air blowout | Aviation News
Boeing had ‘blatantly violated’ federal rules by providing ‘non-public investigative information’, investigators said. United States investigators have sanctioned Boeing for revealing details of a probe…