US-Iran war impact: IMF lowers India’s GDP growth forecast marginally
According to the IMF, the global economy has so far avoided a steeper slowdown despite the war, as strong demand linked to the technology sector has helped offset the impact of reduced energy supplies caused by the conflict.
Deutsche Bank exec on AI & jobs: Slightly skewed by what economic history tells us
Jim Reid of Deutsche Bank sees AI boosting productivity significantly over time. He believes historical innovation shows technology ultimately creates more jobs. Businesses will need years to fully integrate AI for maximum benefits. Investors are watching AI infrastructure spending and semiconductor stock performance. Reid acknowledges potential market risks but points to long-term human innovation.
Kospi's AI party over? South Korean benchmark tumbles 7%, sell-side sidecar activated
South Korean stocks experienced a significant decline on Tuesday. Investors rushed to secure profits after strong earnings reports were released. Heavyweight technology stocks led the broad sell-off across the market. This sharp reversal followed a period of record highs driven by AI optimism. The market's heavy reliance on a few key companies contributed to the volatility.
Tech Stocks Surge as Nasdaq Leads Early Gains Amid Busy Trading Week
The Nasdaq Composite Index opened higher today, bolstered by positive momentum in tech stocks. Investors are gearing up for a week filled with key earnings reports from major technology companies.
'History points to downside': Michael Burry warns on Micron after Trump-linked donations
Renowned investor Michael Burry has initiated a short position against Micron Technology, citing 'historically extreme' stock valuations driven by AI hype and investor FOMO, not fundamentals. Despite a recent $250 million donation to a children's savings scheme, Burry warns of significant downside due to the memory chipmaker's cyclical nature and poor profitability metrics. This move aligns with his broader bearish outlook on AI semiconductor stocks.
AI will change the nature of jobs, create new ones: Citi CEO after tech layoffs
Citi CEO Jane Fraser revealed the bank is navigating two major AI races: integrating the technology into business models for revenue growth and adapting to its impact on jobs. While acknowledging job dislocations and changes in job nature, Fraser highlighted AI's potential to augment human capabilities. Citigroup recently laid off 3,500 tech roles in China as part of a broader global workforce reduction aimed at streamlining operations and boosting profitability.
Goldman Sachs economist on millions losing jobs to AI: They won’t be permanently wiped out
Goldman Sachs economist Joseph Briggs forecasts AI could displace 9% of the US workforce, around 15 million jobs, drawing parallels to past tech disruptions. While acknowledging job losses in sectors like tech and consulting, he emphasizes history shows technology creates more new roles than it destroys. MIT's Neil Thompson suggests AI adoption will be gradual, with partial automation being more common than outright job elimination.
Market wrap: Top gainers and losers on NSE Nifty50 and BSE Sensex today
Indian stock markets surged on Thursday, with Sensex and Nifty climbing nearly 1%. A significant rally in IT stocks, coupled with easing crude oil prices and positive India-Japan strategic agreements, boosted investor confidence. Despite some blue-chip weakness, the market extended its upward trend, driven by technology shares and optimism surrounding new economic and defence pacts.
Bill Gates' Shocking Predictions for 2027: What You Need to Know!
As the tech titan gears up for the next decade, his 2027 predictions may leave you speechless! Discover how Gates envisions a transformative world where technology and health intersect like never before.
China tightens curbs on foreign investments amid AI, chip tech rivalry with US
China has unveiled stringent new regulations to bolster oversight of its overseas investments, particularly in critical tech sectors like AI and semiconductors. These rules, effective Wednesday, aim to safeguard national security and technological capabilities amidst escalating US competition. While designed to enhance outward investment quality, they could complicate global expansion for Chinese firms and access to Chinese capital for foreign partners, raising concerns about technology transfer...
As one of America's top VC predicts that 'crash is coming'; Elon Musk responds
A prominent venture capitalist is advocating for a stock market crash, arguing it's a necessary catalyst for technological advancement. He believes the current inflated valuations and excessive spending on data centers are unsustainable. This crash, he contends, will clear the way for a more robust 'golden age' by forcing a societal re-evaluation of technology's role and prompting essential institutional reforms, ultimately leading to a more equitable distribution of its benefits.
U.S. Stock Futures Surge Amid Tech Sector Rally and U.S.-Iran Hostility Agreement
In a significant turn of events, U.S. stock futures saw a notable increase as technology shares experienced a robust rally. Additionally, the recent agreement between the U.S. and Iran to halt hostilities has contributed to positive market sentiment.
British American Tobacco to slash 9,000 jobs as it turns to AI
Dunhill maker to cut about a fifth of workforce, aiming to reduce costs and become more ‘technology enabled’Business live – latest updatesBritish American Tobacco (BAT) will cut about a fifth of its 47,000-strong workforce this year, as the cigarette-maker looks for ways to push down costs and become more “technology enabled”.BAT, which is one of the biggest tobacco groups in the world, has announced it will cut 5,500 jobs by the end of the year and outsource a further 3,500, affecting a total...
Brits Might Be Sitting on Hidden Gold: Check Your Drawers for Old Mobile Phones Worth £500,000
A recent call to action in the UK has citizens rummaging through their drawers as experts reveal that unused mobile handsets could collectively be worth £500,000. As technology advances, older devices may hold unexpected value due to their rarity and collectible nature.
Spotlight falls on Ocado boss Tim Steiner’s £100m in payouts
Reports claim replacement being lined up for co-founder amid concern over high pay and company’s struggling share priceThe boss of Ocado has collected nearly £100m since the online grocery company floated on the stock market in 2010, despite its share price now languishing below its flotation level, analysis has shown.Tim Steiner, a former Goldman Sachs trader who co-founded the British technology company in 2000, is thought to be in discussions over his future after it emerged Ocado had approac...
Trump threatens 100% tariff on European nations over tech tax
Trump threatens 100% tariff on European nations over tech taxImage source, Getty ImagesImage caption, US President Donald Trump speaks during an event in the Oval Office of the White House on June 22, 2026 in Washington, DC.ByFrancisco VelasquezBusiness reporterPublished11 minutes agoUS president Donald Trump has vowed to impose a 100% import tariff on any European country that introduces a digital services tax on American technology giants. Writing on Truth Social, Trump said "Numerous European...
Tech Stocks Surge as Micron Reports Strong Earnings, Reviving Market Confidence
The U.S. stock market experienced a significant rebound today, driven largely by Micron Technology's impressive earnings report. Investors showed renewed optimism in the tech sector, marking a pivotal moment for the market's recovery.
How 'China Opportunity 2.0' offers potential for global growth
For enterprises worldwide, "China Opportunity 2.0" represents comprehensive innovation-driven empowerment and high-return investment prospects, Chinese Premier Li Qiang said on Wednesday.Li stressed the point after he said he had noticed that some have expressed anxiety over China's advances in technology and industrial innovation, even promoting the narrative of a so-called "China Shock 2.0" that frames China's development as a shock to the global economy."For global development, 'China Opportu...
From Dishwasher to $100 Billion: The Incredible Rise of Jensen Huang and NVIDIA
Jensen Huang’s journey from washing dishes in a Chinese restaurant to leading NVIDIA, a trillion-dollar tech giant, is a testament to vision, resilience, and relentless ambition. Discover how a kid with a dream transformed the face of technology and built a $100 billion fortune in the process.
Ten years on, Brexit's economic impact is becoming clearer
Ten years on, Brexit's economic impact is becoming clearerPublished1 minute agoByFaisal IslamEconomics editorNot long after the UK left the EU in 2020, a Bristol-based firm called Eskimo started selling a new kind of high-fashion and energy-efficient electric radiator, based on new technology developed by academics in the city.They planned to send them around Europe using the Channel Tunnel.It was a timely product given Europe's green ambitions, and with orders flowing, its Birmingham factory wa...