Reuters

Iran warns of wider retaliation even as diplomatic talks with US progress

Diplomatic shuttling continued on Saturday, with Iran's Foreign Minister Abbas Araghchi saying an Iranian delegation was in Qatar for talks with mediators there

US Secretary of State Rubio hosts Quad meet, wraps up G20 gathering

Rubio hosted a final plenary session with ​foreign ministers from the Group of 20 major economies during a two-day summit in Atlanta

Virgin Media O2 may cut up to 4,000 jobs in major cost-cutting exercise

British telecoms operator Virgin Media O2 is considering cutting up to 4,000 jobs as part of a major restructuring, Sky News reported

Govt to meet liquor firms as bulk Scotch tariff row threatens UK trade pact

The ministry did not immediately respond to a request for comment outside regular business hours on Saturday

Global tech giants' spending spooks investors and drives bonds rally

US bonds rally as investors question returns on massive AI investments; crypto slides after Binance hack concerns, while oil rises on Strait of Hormuz risks

Amazon cash burn, Intel weak PC demand fuel fears over AI spending

Amazon's heavy AI spending and Intel's weak PC demand outlook rattled technology stocks, raising concerns over mounting infrastructure costs, shrinking cash flows and slowing consumer demand.

Nasdaq hits near three-month low as Amazon, Intel rattle AI trade

The Nasdaq fell 2.48% as Amazon's rising AI spending and Intel's cash-burn warning triggered a tech selloff, with the two companies facing nearly $200 billion in combined market value losses.

Foxconn working on new tie-up with OpenAI, says no AI bubble: Young Liu

Foxconn is exploring a fresh partnership with OpenAI, dismissing AI bubble concerns as it targets double-digit growth and expands humanoid robot deployment at its US facilities.

Nvidia in talks to give credit support for Nscale's deal with Anthropic

Nvidia is reportedly considering billions of dollars in credit guarantees to help Nscale finance a West Virginia AI data centre for Anthropic, though the deal has not been finalised.

Meta, TikTok and X lose UK legal battle over Ofcom's safety data demands

Meta, TikTok and X lost a legal challenge against UK regulator Ofcom over information demands under Britain's Online Safety Act, which aims to protect children from harmful and illegal content.

GAIL Q2 net profit jumps to ₹4,650 cr as gas marketing revenue rises

GAIL's September-quarter profit more than doubled to ₹4,650 crore as gas marketing revenue rose 31%. The company also approved plans to list subsidiary GAIL Gas through an IPO.

CDSCO asks Sun Pharma to halt eye-care drug production over quality lapses

Indian drug regulators ordered Sun Pharma to halt eye-care drug production at its Assam plant over quality lapses, following the recall of 332 batches of ophthalmic products.

Cursor says up to 5,000 users affected by tampered Claude Code extension

The extension attempted to collect ‌host and user information such as hostname, username, ​operating system and public IP address

RBI steps up scrutiny of banks' cyber defences amid rising AI-led attacks

In a series of recent meetings, the RBI asked banks to probe weaknesses in application programming interfaces (APIs), the software links banks use to connect with non-bank lenders and fintechs

Retail investors tap $234 mn in margin funding to trade Jio on debut day

The heavy ​borrowing in Jio ​comes weeks after a wave of retail margin-call liquidations cut India's overall cash ​market margin trading book to ₹1.51 trn as of Oct 28 from record ₹1.59 trn on Sep 30

US plans to ban Chinese telecom firms from direct access to phone numbers

The US Federal Communications Commission said on Thursday that ‌it will vote on November 19 on ​a proposal to ban China Mobile, China ​Telecom and China Unicom and other IP-enabled service providers

Glacial lake burst triggers flash flood in Bhutan, no injuries reported

A flood caused by the Shintaphu glacial lake bursting its banks damaged infrastructure at the Gasa Tshachu hot springs, a major tourist attraction

Oil prices rise on supply concerns as Houthis attack Saudi Arabia

Brent crude futures rose 86 cents, or ‌0.75%, to $115.74 a barrel as of 0122 GMT while US West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.71%, to $102.72

Amazon burns cash, Intel flags weak PC demand as AI boom strains markets

Surging data-center spending, as highlighted in Amazon's massive cash burn, has turned once debt-light tech giants into major borrowers, while price hikes are squeezing global demand for devices

Binance's possible hack triggers $3 billion freeze in crypto assets

The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday