Page 7 - Bloomberg/reuters

AI race sends Big Tech's capital spending to stratospheric high of $650 bn

The ever-larger numbers - in total, an estimated 60 per cent increase from a year ago - means yet another acceleration in the wave of data centre construction taking place around the world

HSBC set to push out underperformers as some bankers face zero bonuses

Such a move is aligned with the vision of Chief Executive Officer Georges Elhedery, who wants to bring the bank more in line with pay practices at American peers

Nike faces probe over alleged discrimination against white workers

Nike said it has "shared thousands of pages of information and detailed written responses to the EEOC's inquiry" and is "in the process of providing additional information"

Glitch at National Securities Depository delays some trade settlements

The credit of shares bought on Tuesday and Wednesday is still pending because of issues in inter-depository functions, according to a notice dated Thursday

ArcelorMittal sees EU steel tariffs boosting profits, capacity use

In October, the European Union proposed doubling tariffs to 50% on all steel imports above a reduced quota. That will be a boon for ArcelorMittal, when the new import regime comes into force

Tata Motors PV to start assembling Range Rover Evoque in new TN plant

The site, expected to become a hub for its premium cars, will eventually absorb more JLR assembly that's currently handled at Tata's Pune plant

Zero net migration would shrink UK economy by nearly 4% by 2040: Report

Cutting net migration to zero could shave 3.6% off UK output by 2040 and add £37 billion to public borrowing, a new NIESR report warns

India told Washington it wouldn't be bullied as trade talks resumed

India's national security adviser told US officials New Delhi would wait out Trump's term, even as it quietly worked to ease tensions and restart trade talks after months of tariffs and public insults

Silver plummets more than 15%, erasing gains from two-day recovery

The surge of precious metals came to a sudden halt at the end of last week, with silver seeing its biggest ever daily drop on Friday and gold plunging the most since 2013

India's $36 billion arbitrage trade braces for lower returns after tax hike

The government announced the decision in parliament on February 1, saying the tax hike was aimed at curbing high-risk speculative trading in the options market

Trapped Tesla driver pleads for help in 911 call as vehicle burns

The transcript of the call was included in a lawsuit that alleges that a driver or passenger died after they were unable to open the electrically powered doors on their Tesla vehicle after a crash

Trump to stay out of corporate fight over Warner Bros., leaves call to DOJ

The battle between Netflix and Paramount over Warner Bros. has grown acrimonious and drawn scrutiny, regardless of which bidder succeeds, setting up a major antitrust test for the Trump administration

Boeing to cut around 300 defense supply chain jobs across multiple sites

The latest employment adjustments are rattling some employees and angering union officials at a time when Boeing leaders are trying to rebuild the company's culture

Prediction traders bet Bitcoin may fall below $65K amid deepening sell-off

Contracts on Polymarket, a decentralized prediction platform, now imply an 82% chance that Bitcoin will fall to $65,000 this year, a level roughly 13% lower than today's $73,200

Trump orders pullback of ICE from Minneapolis, says 'softer touch' needed

White House border czar Tom Homan, who President Donald Trump sent to Minneapolis as part of an effort to ease pressure amid local outrage, emphasised a shift to more targeted enforcement

Trump, Xi discuss trade, Taiwan and Ukraine ahead of planned April summit

Trump cast the call as "excellent" and "long and thorough," adding that the two spoke about increasing Chinese purchases of US soybeans to 20 million tonnes for the current season

Trillion-dollar tech wipeout ensnares stocks exposed to AI disruption fears

In the span of two days, hundreds of billions of dollars were wiped off the value of stocks, bonds and loans of companies big and small across Silicon Valley

Lenders ask RBI to relax liquidity rules amid growing loan demand

Lenders are seeking permission to free up some of the cash they have to park with the Reserve Bank of India for short-term financial stress requirements

Walmart's New CEO asks employees to air pain points in first memo

In his first companywide memo since taking over on Feb 1, Furner said he had a "simple ask: Tell me one thing that slows you down or makes it harder to do your job"

Musk's xAI merger with SpaceX poses bigger threat to OpenAI, Anthropic

Musk is attempting to supercharge his efforts to build more powerful AI systems with help from one of his most successful ventures