WorldEconomy
Elon Musk removes post supporting Republicans after defeat in US midterm elections
Discussions intensified over Musk removing the post, having spent over ₹4,400 crore in the election campaign.
Fraud of $129 Million Using AI to Mimic CEO's Voice and Face
Three individuals targeted global companies, looting millions of dollars using Artificial Intelligence
Unilever to implement India's business strategy in Pakistan and Africa
Company to achieve growth in other markets through India's distribution system and category-building model
Asian Markets Plunge Amid AI Costs and US Uncertainty
South Korea's Kospi falls 8 per cent and Japan's Nikkei drops 6 per cent
AI and Defence Stocks Decline Following Democratic Takeover of US Congress
Clean energy shares surged while data centre and defence company prices fell
India Advances Global Diamond Industry Agenda in Luanda Ahead of Kimberley Process Plenary
Important consultative meeting organised by India prior to the Plenary session to be held in New Delhi
Canva to lay off 22 per cent of workforce amid growth slowdown
Company to part ways with 1,271 employees, offering attractive severance packages
North Korea Rejects US Allegations of Binance Crypto Theft
The FBI has held North Korean hackers responsible for this $6 billion theft
Google Launches Dreambeans, a Personalized AI Visual Feed
The app will create daily stories in watercolor style based on data from the user's Google apps
Iran gives stern response after Republican defeat in US midterm elections
Iran termed the Democratic Party's victory as an anti-war message and warned the US
Trump Administration to Remove South Africa and Rwanda from US Trade Agreement
Both countries to lose tax-free benefits under AGOA from January 2027
Major decline in tech stocks in US following mid-term elections
Wall Street tech stocks recorded a decline of more than 5 percent due to concerns over the future of AI data center projects.
Warning issued for Yanbu oil hub amid attacks by Yemen's Houthi group
Saudi Arabia declares alert over potential risks at its Red Sea oil export centre
Cyber Attack on France's Crédit Mutuel Arkéa Bank, Suspected Theft of Millions
Funds transferred from bank's own accounts after system breach via third-party service provider's platform
Seoul Court dismisses Coupang's plea against fine for data leak
Company hit with record-breaking fine for leaking information of over 3.7 crore users
KT&G Records All-Time High Quarterly Earnings, to Provide Substantial Returns to Shareholders
Company achieved revenue of 1.91 trillion won between July and September
South Korea to probe 580 financial institutions over data leaks
Over 4,70,000 data records leaked from 37 companies in the last month
AI Data Centre Investment May Slow Down Following US Election Results
141 GW capacity at risk due to Democratic Party victories in Texas, Georgia, and Ohio
Indian national sentenced to 8 years in prison for defrauding elderly in USA
Ahmed Makbul Sayyed, convicted in money laundering crime, also ordered to pay $2.4 million in restitution
Tech Companies to Focus on Productivity and Returns Over AI Usage
Google announces voluntary exit packages for employees in five countries due to rising costs of AI projects
Meta to set extraordinary targets for Mark Zuckerberg and provide free shares to shareholders
Company will provide free shares to shareholders when its stock doubles and achieves annual growth of 10%
American owners of Poundland describe retailer's financial position as precarious
Gordon Brothers in discussions with ministers as 12,000 jobs remain at risk
Russia to impose additional levy on tickets to boost aviation industry
Plan to levy charges on domestic and international flight tickets from 2027
Zayra Group makes second acquisition offer to save Poundland
Jobs of 12,000 employees at risk amid threat of company collapse
Nationwide strikes and protests in France over wage hike demands
Lakhs of people expected to join the movement called by joint trade unions
Michael Dell's wealth drops by $10 billion amid concerns over data centre regulations
Sharp decline noted in technology stocks following US midterm elections
Bank of England may raise interest rates for the first time in three years
Most analysts are predicting an interest rate hike from 3.75% to 4%
Crisis over LIV Golf's relaunch, BC Partners withdraws financial support
Due to a lack of sufficient support from players, BC Partners has withdrawn from the relaunch of LIV Golf.
Apple reduces employees' daily budget for AI tool usage
The company has lowered the expense limit for engineers to maintain cost control and profitability
Market Value of Tesla and SpaceX Drops Following Democratic Victory in US
Elon Musk's empire loses $130 billion in a single day due to victory of Democratic candidates in Texas
African Nations Seek Investment and Technology from India for Solar Energy
Zimbabwe aims to increase the share of non-fossil fuel energy to 49 per cent by 2030
અમેરિકામાં નોકરીની તકો વધીને ૭.૫૨ મિલિયન પર પહોંચી
છેદતીમાં ઘટાડો થયો હોવા છતાં નવી ભરતીની પ્રક્રિયા ધીમી રહી છે
Robert Hall and Michael Woodford awarded Nobel Prize in Economics
Honoured for work on the relationship between micro and macroeconomics
Asian stock markets decline under influence of US midterm elections
Asian markets witnessed softness as US futures declined amid election predictions in America.
Commonwealth nations must strive to reduce risk and diversify
External Affairs Minister S. Jaishankar urged making supply chains shorter and more reliable
Crude oil prices crash by 10 per cent following US election results
Oil prices have recorded a significant decline due to the strong performance of the Democratic Party.
US midterm election results could impact H-1B visa policy
Rise of Republican or Democratic party to power will be crucial for Indian visa holders
Major defeat for Republicans in America; Indian-American voters' stance shifts
Democratic Party gains control over both houses of Congress, and the impact of war with Iran is observed.
Alphabet to launch $6.7 billion bond sale amid fears over artificial intelligence costs
The company is looking to raise 6 billion euros in debt following a decline in market value.
American oil companies reap $130 billion profit amidst war with Iran and rising energy costs
American oil and gas companies have benefited greatly due to the impact on energy supplies from Gulf countries and Russia.
Japan considering $500 billion defence expenditure over next five years
Defence budget could almost double under Prime Minister Shina Takaiichi's plan to enhance military capabilities
Iran states US is the greatest threat to Nuclear Non-Proliferation Treaty
Negotiations via mediators regarding peace proposal continue, but disagreements over sanctions and nuclear talks persist.
Cyber attack on supermarket freezers in seven European countries; food spoiled
Losses worth millions of euros incurred as temperatures reached 50 degrees in countries including Belgium and Sweden
Microsoft offers voluntary retirement to 60,000 employees and raises $25 billion in debt
The company will use this amount to meet the expenses of artificial intelligence data centers.
Iran considering a two-day plan to reopen the Strait of Hormuz
Iran has stated that it will be possible to restore security in the Strait of Hormuz if the US accepts the conditions.
China's central bank launches $15 billion swap facility to support stock market
This step has been taken to restore the diminished confidence of investors and avoid financial risks.
Saudi forces attack Houthi-controlled Hodeidah's main port and oil facility
NDTV reported that seven civilians were injured in this Saudi-led coalition attack, and the Houthi group has termed it a war crime.
Indian travellers to be able to book Burj Khalifa and Universal Studios tickets via UPI
Finance Ministry announces launch of UPI services to facilitate foreign travel.
Gold and Silver Prices Stage a Comeback as Crude Oil Prices Decline
According to a Business Standard report, the gold and silver markets have seen an improvement following a sharp decline.
Explosions and fires reported in two oil tankers in Hormuz waterway
According to Iran, vessels collided with naval mines while traversing a prohibited route
Withdrawals surge on Binance after $6.3 billion hijack
Customers withdrew $3.64 billion after theft by hackers linked to North Korea
George Gallese dismisses Trump's ten billion dollar defamation case against Wall Street Journal
Trump had claimed regarding Jeffrey Epstein-related report; court said administration failed to prove actual malice.
Violent protests by workers and formation of wage board in Bangladesh
Garment workers engage in vandalism demanding wage hike, government sets up 6-member wage board
Secure and diverse supply chains essential for global economy: S. Jaishankar
At the G20 Foreign Ministers' meeting held in the US, the Indian External Affairs Minister warned against the politicization of energy and supply chains.
Lack of consensus at G-20 Foreign Ministers' Meeting, joint statement left out
Atlanta meeting fails due to differences on Russia-Ukraine war and other global security issues
European Commission's important step for €90 billion aid to Ukraine
Proposal made to approve remaining €45 billion loan for 2027
Putin's warning to Europe over placing restrictions on shipping in the Baltic Sea
The Russian President has warned that creating obstructions in sea routes could lead to a situation like the Hormuz crisis.
Protests in Bangladesh Against Giving Transit Corridor to India and Ganges Water Dispute
National Citizen Party leader Nahid Islam opposed giving a corridor to India and demanded a fair share in the Ganges Water Treaty
Nvidia CEO Jensen Huang reported to be target of Chinese espionage plot
US intelligence agencies concerned over CEO's close relationship with Alice Huang, an executive at Singapore-based company Megaspeed