A.I. Fighter Jets and Cockroach Spies: Inside the Changing Business of War
Russia’s war on Ukraine changed the course of a generation of start-ups and investors that have applied a new business model to Europe’s military buildup. Source link
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Inflation watch: Numbers to be lower than RBI projections; why SBI expects softer prices
Inflation in FY26 and FY27 is expected to remain far below the Reserve Bank of India’s (RBI) estimates, according to a new report by the State Bank of India (SBI).The report cited several factors that will help to soothe price pressures, including a strong monsoon, higher kharif crop sowing, healthy reservoir levels, ample foodgrain stocks,…
In-Game Sports Betting Is Growing. So Are the Concerns.
In-game betting is predicted to grow to more than $14 billion by the end of the decade. It’s a huge part of the sports gambling industry. Public health officials worry that it could be increasing the risks for gamblers. Source link
Elon Musk sets net worth record! First billionaire to touch $500 bn; how Tesla has driven the surge
Tesla owner Elon Musk has set a new record, becoming the first person ever to build a fortune of almost $500 billion. The surge comes on the back of a rebound in Tesla’s stock and soaring valuations of his other ventures, including SpaceX and xAI.Forbes’ billionaires index put Musk’s net worth at $500.1 billion as…
How Social Media Is Changing the Narrative of the Israel-Gaza War
Nearly two years into the conflict, social media is increasingly capturing the day-to-day toll in Gaza, as U.S. public opinion on the war shifts. Source link
Buffett nears $10 billion deal to buy OxyChem
Warren Buffett’s Berkshire Hathaway is nearing a deal to acquire Occidental Petroleum’s petrochemical business for about $10 billion, a person familiar with the matter said. It would be Berkshire’s largest deal since its acquisition of Alleghany in 2022 for $13.7 billion. Representatives for Occidental and Berkshire didn’t reply to messages seeking comment. Wall Street Journal…
For Workers, Mixed Signals. For the Public, Limited Impact on Shutdown’s First Day.
Federal agencies gave shifting and mixed guidance to their work forces about who should come to work and who shouldn’t, but the initial effect on services appeared scattered and limited. Source link
In major reforms, RBI expands credit for companies; limits on loans against shares hiked 5x to Rs 1cr
MUMBAI: Reserve Bank of India unveiled on Wednesday its most comprehensive reforms in over a decade, aimed at countering US-driven headwinds and expanding credit to companies, while deepening capital market activity. Banks can now finance mergers and acquisitions, and IPOs more freely, while limits on loans against shares and listed debt securities have been raised.Central…
Nike’s Sales Show Improvement; Tariffs Expected to Cost $1.5 Billion
Profits fell 31 percent in the last quarter as the sneaker giant tries to execute a turnaround plan. Source link
Trade treaty kicks in, Swiss govt seeks investment pact
Piyush Goyal (File photo) NEW DELHI: As companies from the EFTA Bloc — Switzerland, Norway, Iceland and Liechtenstein — promised investment into India as part of the $100 billion commitment under the trade deal, Swiss state secretary for economic affairs Helene Budliger Artieda called for the need for a bilateral investment treaty(BIT), while Liechtenstein sought…