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Why Finance Transformation Is Failing—And It's Not The Technology
InnovationWhy Finance Transformation Is Failing—And It's Not The TechnologyByGaurav Vashisht,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)Jun 04, 2026, 06:15am EDTGaurav Vashisht has 22+ yrs building and supporting Finance Systems. AAAI · IEEE · BA · ACM. gettyThe most common failure mode I've seen in AI-driven finance transformation isn't a techn...
How Indian immigrants have fueled billion-dollar startups in America over the years
Immigrant-founded startups in the U.S. are creating significant job growth and economic value, with Indian immigrants leading the charge in founding billion-dollar companies. A new report highlights that open immigration policies foster innovation and technological leadership, while restrictions could jeopardize America's competitiveness.
At 15, Vaibhav Sooryavanshi Has Rs 7 Crore. But Do Minors Pay Income Tax?
As per tax experts, the Income Tax Act contains "clubbing provisions" that add a minor child's income to the income of the parent who earns more.
‘Don’t feel great’: Treasury minister irked by Darren Jones and Mandelson texts
Treasury minister Lucy Rigby has appeared to criticise her fellow Cabinet colleague Darren Jones over texts he reportedly sent to Lord Peter Mandelson on the day he was sacked as ambassador to the US. Rigby, who currently holds Jones’ former role as chief secretary to the Treasury, told Sky News that she was unsettled by messages that appeared to show Sir Keir Starmer’s ally sending Mandelson words of support after his sacking last November, and criticising cabinet colleagues including chan...
Trafigura warns oil at ‘inflection point’ as Iran war stokes bumper half-year profits
Commodity trader’s net profit more than doubles to $4.1bn for October to March period
Platner’s anti-corporate crusade hits awkward snag as receipts tell another story
Maine Democratic Senate candidate Graham Platner built a national reputation as an anti-corporate crusader while cashing checks written by lobbyists and executives representing those same corporations, campaign finance documents show.Platner has made criticism of big tech, the pharmaceutical industry, large banks and defense contractors a cornerstone of his campaign to unseat incumbent GOP Sen. Susan Collins. Federal Election Commission and Lobbying Disclosure Act records reviewed by Fox News Di...
The Agentic AI Economy: Why ROI Depends On Algorithmic Accountability
InnovationThe Agentic AI Economy: Why ROI Depends On Algorithmic AccountabilityByAbhishek Kumar,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)Jun 04, 2026, 06:00am EDTAbhishek Kumar, Director of IT Solutions at ICONMA, helping regulated enterprises build scalable, secure AI and data ecosystems. gettyThe enterprise artificial intelligence landscap...
Sovereignty has replaced ownership as the real currency of power in football
The City AM Football Power List illustrates the shifting sands of the sport ahead of the 2026 World Cup, writes one of its judges, Amar Singh. We are days away from a truly super-sized Fifa World Cup – 48 teams, three host nations, and a tournament that will be watched by more people than any in the competition’s history. The growth of the game will feel as prominent as ever. The City AM Football Power List, published today, reflects a sport wrestling with its own commercial weight and the...
Martin Sorrell calls WPP ‘catatonic’ as Goldman slaps sell rating on its own client
Sir Martin Sorrell spent 33 years turning WPP from a small Kent-based wire and plastics manufacturer into the world’s largest ad company. He left in 2018 following a dispute over personal conduct that he has consistently denied, and has been a vocal critic of his successors ever since. “I think they are further gone than before. It’s catatonic. It’s a bust of a flush,” he told City AM at SXSW London this week. A Goldman Sachs note, published on Wednesday, set a 240p price target on a stock...
For first time, Russia admits oil production has declined amid Ukraine's attacks on refineries
Russia has publicly acknowledged a dip in oil production due to unscheduled refinery repairs, marking the first such admission. This comes amid intensified Ukrainian drone attacks targeting Russian energy infrastructure, which have disrupted operations and pushed Moscow to increase crude exports. Despite these challenges, Russia aims to maximize exports and restore previous production levels.
Indians can now bet on the monsoon
Heatwaves may be more important
A thriving Cardiff Airport is vital for the Welsh economy - Adam Price
The new Economy Minister says the airport could follow the example of its rival Bristol Airport in growing passengers while also expanding non related terminal activities
Partners Group suffers surge in withdrawal requests and braces to cap more funds
Partners Group warned that its flagship private equity fund had been hit by a flurry of requests from wealthy investors, raising concerns the Swiss firm would have to cap withdrawals, a day after doing so on a major European fund. Redemption requests at its $16bn private equity master fund reached roughly six per cent of its net asset value, the firm said on Thursday, breaching the five per cent threshold that enables it to restrict withdrawals. The possibility of the Swiss firm capping wit...
European electricity markets have too much power
They must learn to deal with it
Bunq: Revolut rival eyeing up UK banking licence bid
Europe’s second largest digital bank is gearing up for a bid for a UK banking licence, City AM can reveal, as the firm puts its hat in the ring in the fight to claw market share from fintech leader Revolut. Bunq – which reached 20 million users in just a decade – is understood to be eyeing deeper penetration of the UK market with a full-fat permit, in a move that could end a year-long drought in applications for the licence in Britain. In 2024, the $2bn Dutch fintech made a play for an el...
Opinion: Opinion | Not Coders, The US May Be Desperate For 5.5 Lakh 'Plumbers' By Next Year
As many as 85% of companies in blue-collar industries say they have unfilled vacancies - even as world's most talented coders and engineers are going unemployed.
Lidl cuts prices on 1,000 products in all UK supermarkets – milk and eggs included
Lidl cuts prices on 1,000 products in all UK supermarkets – milk and eggs includedLidl's staple items have had prices slashed as part of a £250m scheme. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By James Johnson 10:24, Thu, Jun 4, 2026 Updated: 10:24, Thu, Jun 4, 2026 Lidl has slashed prices on a number of items. (Image: Getty)Lidl has announced slashed prices as part of a £250milion plan to help custom...
‘Dire’: Rapid decline in construction as sector slashes jobs
A rapid decline in construction companies’ activity has forced bosses to cut employment, according to new data. S&P Global’s construction purchasing managers’ index (PMI) showed that business activity declined at the fastest pace for six years. Putting the pandemic aside, the decline in construction output was the lowest since March 2009. The PMI reading was 38.2 in May, well below the 50-figure threshold for no change in activity. Researchers said housebuilding was “especially subdued”...
Some billionaires pay too little tax
But the case for levies on wealth is unconvincing
UK airline collapses into administration - all flights grounded
UK airline collapses into administration - all flights groundedAirlines have come under pressure to slash services or hike ticket costs amid rising jet fuel prices linked to the conflict in the Middle East. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Eleanor Burleigh 10:09, Thu, Jun 4, 2026 Updated: 10:09, Thu, Jun 4, 2026 The freight airline confirmed the appointment of administrators on Wednesday (Im...