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Slowing inflation primes G-7 central banks for June
A deeper measure of inflation that strips out energy prices as well as fresh food is seen cooling to 2.5 per cent after slipping below 3 per cent in March for the first time since November 2022.
10 hours ago
Slowing inflation primes G-7 central banks for June
10 hours ago
OpenAI dissolves high-profile safety team after chief scientist Sutskever’s exit
The decision to rethink the team comes as a string of recent departures from OpenAI revives questions about the company’s approach to balancing speed versus safety in developing its AI products.
18 May 2024, 10:46 IST
OpenAI dissolves high-profile safety team after chief scientist Sutskever’s exit
18 May 2024, 10:46 IST
Citigroup hit with racial bias suit from a conservative law firm
The plaintiffs, who don’t bank with Citigroup, claim they were charged out-of-network fees for transactions at the bank’s ATMs in Florida, while customers from minority-owned financial institutions weren’t.
18 May 2024, 10:24 IST
Citigroup hit with racial bias suit from a conservative law firm
18 May 2024, 10:24 IST
A heavy monsoon season is great news for these Indian stocks
Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely and above-normal monsoon rains in 2024, after extreme and unseasonal heat wreaked havoc on Indian agriculture in the last two years.
18 May 2024, 09:47 IST
A heavy monsoon season is great news for these Indian stocks
18 May 2024, 09:47 IST
Lack of AI is reducing India software stocks’ heft as tech bets
India’s IT firms enjoyed years of strong growth as the world’s biggest corporations outsourced a vast amount of back-office work to save money, in a phenomenon known as getting “Bangalored”. Those revenues have been slowing more recently as overseas customers cut spending to cope with challenging economies.
17 May 2024, 06:18 IST
Lack of AI is reducing India software stocks’ heft as tech bets
17 May 2024, 06:18 IST
More ultra-rich are worth over $100 billion than ever before
While the 15 have crossed $100 billion before, this is the first time all of them have held fortunes of that size at the same time. L’Oreal SA heiress Francoise Bettencourt Meyers, Dell Technologies Inc. founder Michael Dell and Mexican billionaire Carlos Slim all initially reached the threshold in the past five months and some have fluctuated around that level, crossing it multiple times.
17 May 2024, 05:54 IST
More ultra-rich are worth over $100 billion than ever before
17 May 2024, 05:54 IST
Fatal heat waves are testing India's ability to protect 140 crore people
Inconsistent or incomplete planning, a lack of funding, and the failure to make timely preparations to shield a population of 140 crore are leaving communities vulnerable as periods of extreme temperatures become more frequent, longer in duration and affect a wider sweep of the country.
17 May 2024, 05:52 IST
Fatal heat waves are testing India's ability to protect 140 crore people
17 May 2024, 05:52 IST
Istanbul pushes ahead with IPO plan for $10 billion gas grid
An IPO of the Igdas gas grid is moving forward, according to Neslihan Vural, head of financial services at the Istanbul Metropolitan Municipality. Igdas has long been the crown jewel of Istanbul’s privatization list, though an attempt at an initial public offering in the early 2010s failed.
16 May 2024, 09:25 IST
Istanbul pushes ahead with IPO plan for $10 billion gas grid
16 May 2024, 09:25 IST
US inflation data was accidentally released 30 minutes early
BLS typically releases its monthly report on consumer prices at 8 30 am in Washington and is subject to strict protocols intended to prevent its early dissemination. The figures are closely scrutinized by investors and central bank officials as they look for signals about the direction of the economy.
16 May 2024, 08:49 IST
US inflation data was accidentally released 30 minutes early
16 May 2024, 08:49 IST
Norway wealth fund blacklists Adani Ports citing ties to war
The decision follows recommendations late last year from Norway’s Council on Ethics, which advises the Oslo-based fund.
16 May 2024, 08:33 IST
Norway wealth fund blacklists Adani Ports citing ties to war
16 May 2024, 08:33 IST
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