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Cloudflare to cut about 20% workforce as AI adoption reshapes operations

The internet infrastructure and cybersecurity company plans to cut more than 1,100 jobs globally

Oil prices jump over 1% after renewed hostilities between US, Iran

Brent crude futures were up $1.41, or ‌1.41 per cent, at $101.47 a barrel as of 0123 GMT

West Asia conflict: US and Iran edge towards interim halt to war

The US and Iran are moving toward a temporary deal to halt hostilities and reopen the Strait of Hormuz, lifting hopes of easing global energy disruptions

EU countries, lawmakers agree to dilute artificial intelligence rules

EU nations and lawmakers agreed to dilute and delay key AI Act provisions, easing compliance burdens amid concerns Europe is yielding to Big Tech pressure

US and 18 WTO members reach consensus on not imposing ecom duties

The US and 17 WTO members launched a separate pact to avoid e-commerce duties after talks failed to extend the WTO's long-standing digital trade moratorium

US jobless claims rise slightly, remain less than expected amid low layoffs

US jobless claims rose slightly last week but remained below expectations, signalling continued resilience in the labour market despite AI-driven layoffs and global risks

Mphasis sues Coforge in US court over hiring violations, client data access

Mphasis sues Coforge in a US court, alleging executive poaching and misuse of confidential client information tied to mutual client Charles Schwab

Govt likely to divest stake worth $1.06 billion in Coal India via OFS

The Indian government held a 63.13 per cent stake in Coal India as of ​March 31, according to LSEG data

BlackRock likely to invest in Shapoorji Pallonji unit dollar debt

The deal would be a private placement, and the launch timing could not be ascertained immediately. Deutsche Bank is the arranger

Centre plans to bolster key export scheme as Iran war sours trade outlook

West Asia conflict weakened trade in March, with India's merchandise exports falling 7.4 per cent year-on-year and 24 of 30 major export categories declining

Iveco posts quarterly loss, says Tata takeover expected to close in Q3

The negative results follow the sale of Iveco's ​defence unit to Italy's Leonardo, which was finalised in ‌March

Liquor maker Radico resumes shipments to West Asia as tensions ease

The maker of Rampur whisky and Jaisalmer gin derives 5 per cent to 6 per cent of sales volumes and 9 per cent to 10 per cent of revenue from exports, of which it does not provide a regional split

US Supreme Court rejects Apple's stay request in Epic Games lawsuit

Apple mostly defeated Epic's lawsuit, but was required in the judge's 2021 injunction to let developers include links in their apps directing users to non-Apple payment methods

Google offers changes to Search spam policy to avert EU antitrust fine

The EU watchdog has said that its monitoring showed that Google's spam policy demotes news media and other publishers' websites and content in Google search results when those websites include content

Fairfax India to raise stake in IIFL Capital to 51% via $211 mn investment

Fairfax India currently holds a 30.5 per cent stake in the company

Indian banks well placed to transition to ECL provisioning: Fitch

The ratings agency expects the banking ‌system's average common equity tier 1 (CET1) to decrease by 30 basis points in the financial year 2027-28

Oil prices rise as investors weigh prospects of peace deal in West Asia war

Both benchmarks slumped more than 7 per cent on Wednesday, hitting two-week lows on optimism over a possible end to the West Asia war

Asian stocks hit record high, dollar wobbles on US-Iran peace deal hopes

Japan's Nikkei returned from a long holiday to cross 62,000 for the first ​time, catching up on a blistering AI-led rally after robust earnings that has also catapulted South Korean and Taiwan stocks

Pronto raises $20 million in Series B round as valuation doubles from March

The company will use much of the fresh capital to scale its workforce, CEO Anjali Sardana said, adding the platform is very supply-constrained

Bajaj Auto quarterly profit beats view on strong domestic, overseas demand

Securities and Exchange Board of India clears key leadership appointments at National Stock Exchange to strengthen governance and oversight at market infrastructure institutions