Page 61 - Bloomberg/workspace/business Standard Web/undefined

HCL Technologies, Tech Mahindra lift veil on Q1 IT industry outlook

Quarterly sales across India's computer services and IT firms are projected to have slid 0.6 per cent sequentially, Jefferies analysts Akshat Agarwal and Ayush Bansal said

Meta's days of giving free AI may be ending as monetisation plans loom

Unlike AI models from Google and OpenAI, Meta's Llama is described as "open source," meaning its underlying code is freely available online for anyone - including rivals - to use and adapt

Senate panel blames Secret Service failures in Trump rally shooting attempt

The findings were released on the one-year mark of the shooting, which jolted the 2024 presidential campaign

Trump's weekend tariff threats to put US market's resilience to the test

Trump has ratcheted up trade measures, promising that more tariffs are coming to everyone from Canada to Brazil to Algeria and inviting trading partners to negotiate further

China's biotech surge shifts global drug innovation, stirs US tension

Top regulators like the US FDA and EMA are fast-tracking more Chinese drugs, granting priority review and breakthrough designations as they gain confidence in China's biotech innovation

Mexico's 'cool-head' Trump approach tested by latest tariff threat

On Saturday, Trump blasted the country's response in a letter threatening 30 per cent tariffs, saying what Mexico has done is not enough

Musk suggests Tesla shareholders should vote on possible xAI investment

Musk asked X users publicly last year if Tesla should invest $5 billion in xAI, writing at the time that he was just testing the waters

France's agriculture-food sector worst impacted by Trump tariffs

Officials from the European Commission, the EU's executive arm, are also trying to win concessions for particular sectors as part of a possible agreement

Xi Jinping's price-war campaign creates a buzz in China's stock market

Investors are hopeful that a more coordinated policy response to tackle the drivers of deflation is on its way, though Beijing hasn't yet released any plan

Worldline turmoil hands Swiss bourse a $300 mn blow on strategic stake

The bourse's current stake of roughly 10 per cent in Worldline was valued in its accounts at just under €400 million ($467 million) at the end of 2024

North Korea backing Russia's war goals confirms 'invincible' ties: Lavrov

Lavrov cited North Korean troop presence in Russia's Kursk region as proof of an "invincible brotherhood," noting Kremlin forces have largely repelled Ukraine's surprise incursion from last year

Judge blocks racial profiling by immigration officials in LA crackdown

The judge barred agents in the Los Angeles area from stopping and questioning individuals without reasonable suspicion that they're in the US illegally

Meta acquires voice AI startup PlayAI as it continues to add talent

Meta has made AI the company's top priority this year, investing heavily in infrastructure such as chips and data centers, as well as recruiting top talent to build AI models and features

Musk's xAI seeeks up to $200 billion valuation in fresh funding talks

If the new financing materializes, it would bring xAI's total new backing to $20 billion - a goal that has been discussed by the company

Jane Street ban threatens 900% rally for Asia's oldest stock exchange

The Jane Street fallout has already taken a toll on BSE, with the shares on July 4 suffering one of their steepest declines this year - extending a slide that had already begun

Air India plane crashed after fuel supply to engines was cut off: Probe

The report states that the fuel switches for both engines were moved to the cut-off position almost immediately after takeoff, though the reason for this action remains unclear

Can China effectively compete in the artificial intelligence talent war?

The competition for AI talent prompted Meta Platforms Inc to reportedly offer sign-on bonuses of $100 million to lure senior staff from rivals

EAM Jaishankar likely to make first visit to China in over five years

Jaishankar will hold a bilateral meeting with his Chinese counterpart Wang Yi in Beijing, before traveling to Tianjin to attend SCO's council of foreign ministers on July 14-15

Bitcoin rally triggers $1.2 billion liquidations, bears hit hardest in 2025

The largest single Bitcoin liquidation, valued at $88.5 million, was on the exchange HTX. Overall, about $1.29 billion in positions were wiped out across all tokens, the most this year

Emerging market assets weighed down by Trump's blanket tariff threat

The MSCI index tracking developing-world currencies edged lower, with the South African rand and the Mexican peso leading the losses