Operation Sindoor impact: The defence sector stocks witnessed significant upticks. (AI image) Operation Sindoor: Defence stocks rallied on Wednesday, with key companies like Mazagon Dock Shipbuilders recording gains of up to 4%, following the Indian Armed Forces‘ Operation Sindoor on May 7. The military action was directed at terrorist facilities in Pakistan and Pakistan-occupied Jammu…
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS, which rescued Credit Suisse from the brink of collapse two years ago, would pay $510 million in fines for the role Credit Suisse played in helping clients evade taxes. Credit Suisse, among other…
Gold prices today: Investors are now focused on the Federal Open Market Committee (FOMC) meeting scheduled for later today. (AI image) Gold rate today: Gold pricesdeclined on Wednesday amid growing optimism about potential trade discussions between the United States and China, which reduced demand for safe-haven assets. Investors are awaiting the U.S.Federal Reserve’s policy announcement…
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States. The central bank, the People’s Bank of China, cut…
The Pakistan stock market has plunged since the April 22 attack in Pahalgam. (AI image) Operation Sindoor impact on Pakistan stock exchange: The Pakistani stock market’s primary index plunged around 5% on Wednesday following India’s overnight military operations at multiple terrorist facilities in Pakistan and Pakistan occupied Kashmir.Indian authorities said nine locations containing terrorist infrastructure…
When Xi Jinping, China’s top leader, returned from the Group of 20 summit in Brazil last November, he made a stopover in Casablanca, where he was greeted with dates and milk, the traditional welcome for honored guests, and a meeting with Crown Prince Moulay Hassan of Morocco. The brief visit was a sign of the…
A man with an umbrella passes by China’s central bank also known as People’s Bank of China, in Beijing. (Picture credit: AP) China’s central bank rolled out major monetary easing measures on Wednesday, slashing a key interest rate and lowering the reserve requirement for banks as the economy reels under the pressure of renewed US…
Senate Democrats are demanding changes to cryptocurrency legislation pending in Congress, responding partly to growing evidence that the Trump family is using its connections and President Trump’s power to profit from crypto trading. The pushback intensified late last week after a closed-door meeting among Senate Democrats in which Senator Chuck Schumer, the Democratic leader, told…
Fiverr CEO Micha Kaufman issued a stark warning to his employees, asking them to either adapt to artificial intelligence or risk being replaced by it.The message, which has surfaced across media and tech workers, reads more like a dystopian forecast than a standard corporate update. Before the mail went viral internally, Kaufman himself realised the…
“TikTok is here — we are here,” Khartoon Weiss, the company’s vice president of global business solutions, told a packed warehouse of advertisers on Tuesday in Manhattan. “We are absolutely confident in our platform and confident in the future of this platform,” she declared. That statement was the closest TikTok advertising executives got to addressing…
