Anthropic Says Chinese Hackers Used Its A.I. in Online Attack
The company claimed that A.I. did most of the hacking with limited human input and said it was a rapid escalation of the technology’s use in cybercrime. Source link
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Another AI boost for Andhra! Ambani’s Reliance announces 1 GW data centre; soon after Google’s investment
Andhra Pradesh is set to see another major AI boost, months after Google announced its AI data centre investment. This time, Reliance Industries has announced setting up a 1 GW AI-focused data centre in the south Indian state. The upcoming Reliance facility will be built as a modular unit equipped with graphic processing units, tensor…
Switzerland Reaches Agreement With U.S. to Cut Tariff to 15%
The deal would reduce an extraordinarily high tariff rate of 39 percent that had threatened to cripple Swiss exports. Source link
Regulatory shift: India withdraws QCOs on key raw materials; GTRI warns of import-surge risks
India’s move to scrap Quality Control Orders (QCOs) on a wide basket of raw materials across textiles, plastics and mining has brought immediate relief to manufacturers, even as the Global Trade Research Initiative (GTRI) has urged the government to keep a tight watch on possible import surges, ANI reported.The withdrawal, notified on November 13, eliminates…
A Reopened Government Hasn’t Ended Delays to Economic Data
Jobs and inflation data will be released late and with caveats, complicating the Federal Reserve’s interest rate deliberations. Source link
Trade ties: Switzerland secures US tariff cut to 15%; $200 bn investment push announced
Switzerland on Friday announced plans to invest $200 billion in the US through 2028 after finalising an agreement with the Trump administration to sharply reduce tariffs on Swiss goods.Economy Minister Guy Parmelin said the US has agreed to bring tariffs on most Swiss products down to 15%, matching the rate imposed on the European Union,…
Indigenous People Take the Stage at COP30 Climate Talks in Belém, Brazil
This summit is unlike any of its predecessors in at least one significant way: The Indigenous presence is palpable and strong. Source link
Trade relief push: RBI extends export timelines; exporters get more credit flexibility
The Reserve Bank of India (RBI) on Friday announced a sweeping set of trade relief measures aimed at easing the pressure on exporters battling global headwinds, supply-chain delays and tightening liquidity, according to an ANI report.The relief package — effective immediately — expands export timelines, relaxes credit norms and grants temporary leeway on loan repayments…
Stock Market Rally Is Dented as Signs of Worry Emerge
A recent dip in trading shows how investors are balancing a “fear of missing out at the same time as real fear.” Source link
US markets today: Wall Street logs second sharp fall as AI favourites tumble; global indices mirror tech-led slump
US stocks extended their sharp decline on Friday, with Wall Street’s highfliers — led by Nvidia and bitcoin-linked plays — continuing to lose steam, pushing the S&P 500 towards a second straight heavy loss. The index was down 1.1% in early trading, following one of its worst sessions since the spring sell-off that triggered a…