US court ruling threatens $9 billion-a-year telecom subsidy fund

US court ruling threatens $9 billion-a-year telecom subsidy fund

WASHINGTON, D.C.: A U.S. appeals court has ruled that the Federal Communications Commission exceeded its authority in establishing...

Richemont in talks to join consortium bidding for De Beers

Richemont in talks to join consortium bidding for De Beers

LONDON/JOHANNESBURG: Cartier owner Richemont is considering joining a consortium seeking to buy control of De Beers, as the loss-making...

TSMC posts sixth straight record profit as AI demand surges

TSMC posts sixth straight record profit as AI demand surges

TAIPEI, Taiwan: TSMC posted a sixth consecutive record quarterly profit on October 15 as booming demand for artificial intelligence...

AI debt concerns drive default insurance costs to record highs

AI debt concerns drive default insurance costs to record highs

SINGAPORE/LONDON: The cost of insuring against defaults by technology companies hit record highs on October 15 as investors grew increasingly...

Lagarde could leave ECB early to become WEF chair, sources say

Lagarde could leave ECB early to become WEF chair, sources say

ZURICH/BANGKOK: Christine Lagarde could leave the European Central Bank nearly a year before her term ends to become the next chair...

Netflix to cut about 1,000 jobs as streaming competition grows

Netflix to cut about 1,000 jobs as streaming competition grows

LOS GATOS, California: Netflix is cutting roughly 1,000 jobs as the streaming company trims its workforce amid growing competition...

ASML says strong chip orders signal AI spending boom has room to run

ASML says strong chip orders signal AI spending boom has room to run

AMSTERDAM, Netherlands: Demand for advanced chipmaking equipment is stretching years into the future, with ASML saying customers are...

Tech stocks tumble Friday, AI shares lead the way

Tech stocks tumble Friday, AI shares lead the way

NEW YORK, New York - U.S. stocks ended Friday's session broadly lower, pressured by a sharp spike in oil prices and a plunge in technology...

IEA warns tight diesel supplies could stretch well into 2027

IEA warns tight diesel supplies could stretch well into 2027

LONDON, UK: Record diesel prices are threatening to fuel inflation and weigh on economic growth as supply disruptions in the Middle...

US inflation heats up as gasoline prices surge in September

US inflation heats up as gasoline prices surge in September

WASHINGTON, D.C.: The chances of another U.S. interest rate increase jumped sharply on October 14 after hotter inflation data showed...

Anthropic says AI models nearing autonomous self-replication

Anthropic says AI models nearing autonomous self-replication

SAN FRANCISCO, California: Small artificial intelligence models could be only months away from replicating themselves across internet-connected...

Wall Street closes higher Thursday but tech stocks lag

Wall Street closes higher Thursday but tech stocks lag

NEW YORK, New York - U.S. stock indexes all closed higher on Thursday despite a sharp sell-off in various AI stocks, including Nvidia....

US, European watchdogs intensify scrutiny of AI risks at banks

US, European watchdogs intensify scrutiny of AI risks at banks

NEW YORK CITY, New York: Banking regulators in the U.S. and Europe are intensifying scrutiny of artificial intelligence risks as increasingly...

Google rolls out Gemini 4 Argon after months of AI delays

Google rolls out Gemini 4 Argon after months of AI delays

MOUNTAIN VIEW, California: Google has released its new flagship Gemini 4 Argon artificial intelligence model to developers and businesses...

China-EU deal puts new limits on booming hybrid vehicle trade

China-EU deal puts new limits on booming hybrid vehicle trade

SHANGHAI, China: Chinese automakers that sharply increased plug-in hybrid shipments to Europe after the EU imposed additional tariffs...

Nasdaq Composite plummets 512 points Wednesday as inflation jumps

Nasdaq Composite plummets 512 points Wednesday as inflation jumps

NEW YORK, New York - A spike in inflation put the brakes on U.S. stocks on Wednesday, as the tech sector in particular posted sharp...

Bumble agrees to $1.3 billion take-private deal with Ithaca

Bumble agrees to $1.3 billion take-private deal with Ithaca

AUSTIN, Texas: Dating app Bumble is set to leave the public markets in a US$1.3 billion deal with Ithaca Holdings after years of declining...

Microsoft targets million-chip rollout with new Maia AI processor

Microsoft targets million-chip rollout with new Maia AI processor

SAN FRANCISCO, California: Microsoft plans to deploy potentially more than one million of its new Maia 300 artificial intelligence...

India steel demand seen rising 7% in FY27, but price gains may be limited: Report

India steel demand seen rising 7% in FY27, but price gains may be limited: Report

New Delhi [India], October 19 (ANI): India's steel consumption is expected to grow 7 per cent year-on-year to 175.8 million tonnes...

Indian internet firms show demand resilience amid funding squeeze, competition: Morgan Stanley

Indian internet firms show demand resilience amid funding squeeze, competition: Morgan Stanley

New Delhi [India], October 19 (ANI): India's internet companies could deliver stronger-than-expected revenue growth in the coming quarterly...

Loan growth strengthens across banks as margins near recovery: IIFL Capital

Loan growth strengthens across banks as margins near recovery: IIFL Capital

New Delhi [India], October 19 (ANI): Indian banks could see lending growth strengthen and margins begin to recover over the coming...

TestGrid Recognised for "AI Excellence in Quality Engineering" at Outlook Business Spotlight Achievers Awards 2026

TestGrid Recognised for "AI Excellence in Quality Engineering" at Outlook Business Spotlight Achievers Awards 2026

PNN New Delhi [India], October 19: TestGrid has been recognised for AI Excellence in Quality Engineering at the Outlook Business...

"Looking forward to representing India": Defence Minister Rajnath Singh leaves for Tajikistan to attend SCO meeting

"Looking forward to representing India": Defence Minister Rajnath Singh leaves for Tajikistan to attend SCO meeting

New Delhi [India], October 19 (ANI): Defence Minister Rajnath Singh on Monday left New Delhi for Dushanbe, Tajikistan, to represent...

Sensex, Nifty open flat as high crude oil prices offset banking stocks gains

Sensex, Nifty open flat as high crude oil prices offset banking stocks gains

Mumbai (Maharashtra) [India], October 19 (ANI): The stock markets in the country opened largely flat on Monday as elevated crude oil...

Foreign outflows, rising yields weigh on Indian markets; earnings to drive recovery: HSBC

Foreign outflows, rising yields weigh on Indian markets; earnings to drive recovery: HSBC

New Delhi [India], October 19 (ANI): Foreign investor outflows and rising global bond yields are likely to remain key headwinds for...

Putin proposes three-way summit with Trump and Xi to negotiate Ukraine conflict: Report

Putin proposes three-way summit with Trump and Xi to negotiate Ukraine conflict: Report

Moscow [Russia], October 19 (ANI): Russian President Vladimir Putin has proposed a trilateral summit with US President Donald Trump...

Municipal Corporation on high alert for upcoming Air Show, Municipal Commissioner inspects ghat arrangements

Municipal Corporation on high alert for upcoming Air Show, Municipal Commissioner inspects ghat arrangements

Varanasi (Uttar Pradesh) [India], October 19 (ANI): The Varanasi Municipal Corporation administration has stepped up preparations for...

Saptak Talwar emerges PGTI Order of Merit Champion for 2026; earns card for 2027 DP World Tour season

Saptak Talwar emerges PGTI Order of Merit Champion for 2026; earns card for 2027 DP World Tour season

New Delhi [India], October 18 (ANI): Saptak Talwar emerged as the Professional Golf Tour of India (PGTI) Order of Merit champion for...

DP World extends India Championship Title partnership until 2035

DP World extends India Championship Title partnership until 2035

New Delhi [India], October 18 (ANI): DP World has confirmed it will continue its partnership of the DP World India Championship through...

Financially weak firms account for 21.4% of corporate debt across 10 Asian economies, including India: IMF

Financially weak firms account for 21.4% of corporate debt across 10 Asian economies, including India: IMF

New Delhi [India], October 18 (ANI): Financially weak companies that have been unable to generate enough earnings to cover their interest...

IMF official says China makes proactive efforts for maintaining multilateral, rules-based trading system

IMF official says China makes proactive efforts for maintaining multilateral, rules-based trading system

by Geng Lingnan, Liu Yang BANGKOK, Oct. 18 (Xinhua) -- China makes proactive efforts for maintaining a multilateral and rules-based...

RBI may need to raise repo rate to 6.25% as inflation risks persist: SBI Mutual Fund

RBI may need to raise repo rate to 6.25% as inflation risks persist: SBI Mutual Fund

New Delhi [India], October 18 (ANI): The Reserve Bank of India (RBI) may need to raise its benchmark repo rate to at least 6.25 per...

India's services trade cushion faces pressure as imports outpace exports: ICICI Bank

India's services trade cushion faces pressure as imports outpace exports: ICICI Bank

New Delhi [India], October 18 (ANI): India's services trade surplus, which plays a crucial role in offsetting the country's merchandise...

World Insights: Leaders' summit puts security, regional cooperation, finance at heart of upcoming COP17

World Insights: Leaders' summit puts security, regional cooperation, finance at heart of upcoming COP17

YEREVAN, Oct. 18 (Xinhua) -- Global efforts to halt biodiversity loss face a common test: whether conservation commitments can withstand...

"Investments exist only on paper, jobs only in slogans": Rahul Gandhi slams Dhami govt over Uttarakhand Investors Summit

"Investments exist only on paper, jobs only in slogans": Rahul Gandhi slams Dhami govt over Uttarakhand Investors Summit

New Delhi [India], October 18 (ANI):  Lok Sabha's Leader of Opposition and Congress leader Rahul Gandhi on Sunday launched a scathing...

Brokerages back Jio Platforms IPO, cite strong earnings growth, cash flows and digital expansion

Brokerages back Jio Platforms IPO, cite strong earnings growth, cash flows and digital expansion

New Delhi [India], October 18 (ANI): Brokerage houses have recommended subscribing to Jio Platforms' upcoming Rs 30,213 crore initial...

Foreign investment needs policy credibility beyond India's strong GDP growth

Foreign investment needs policy credibility beyond India's strong GDP growth

By Nikhil Dedha New Delhi [India], October 18 (ANI): India needs to maintain policy credibility and continuity to sustain foreign...

"UK-India partnership grown in ambition, breadth": Outgoing UK envoy Lindy Cameron hails FTA, 'Vision 2035'

"UK-India partnership grown in ambition, breadth": Outgoing UK envoy Lindy Cameron hails FTA, 'Vision 2035'

New Delhi [India], October 18 (ANI): Outgoing UK High Commissioner to India, Lindy Cameron, on Sunday, hailed the signing of the future-focused...

Bank of Italy forecasts 1% GDP growth in 2026

Bank of Italy forecasts 1% GDP growth in 2026

ROME, 18th October, 2026 (WAM) -- The Bank of Italy expects the country's gross domestic product (GDP) to grow by 1 percent in 2026,...

Private capex cycle in India seen gaining traction as corporate, SME lending surges: Jefferies

Private capex cycle in India seen gaining traction as corporate, SME lending surges: Jefferies

New Delhi [India], October 18 (ANI): India's long-awaited private sector capital expenditure cycle may finally be gaining traction,...

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Exxon signals $4.5 billion refining boost as margins surge
Exxon signals $4.5 billion refining boost as margins surge

HOUSTON, Texas: ExxonMobil said soaring refining margins could boost its downstream profit by US$4.5 billion in the third quarter compared...


Freddy Peralta, Rays look to finish off Guardians, reach World Series
Freddy Peralta, Rays look to finish off Guardians, reach World Series

(Photo credit: David Richard) CLEVELAND -- Starting pitcher Nick Martinez passed the baton to Drew Rasmussen. Now, it's up to Freddy...


2026-27 NBA Preview: Power rankings
2026-27 NBA Preview: Power rankings

(Photo credit: Vincent Carchietta) There's an argument to be made that the previous season's champion should always be given the...


Jordan Love accounts for two touchdowns as Packers defeat Cowboys
Jordan Love accounts for two touchdowns as Packers defeat Cowboys

(Photo credit: Ross Harried) Jordan Love passed for one touchdown and ran for another and Trey Smack added three field goals to pace...


NFL injury roundup: Falcons LB Kendal Daniels hospitalized after injury vs. Bears
NFL injury roundup: Falcons LB Kendal Daniels hospitalized after injury vs. Bears

(Photo credit: Brett Davis) Atlanta Falcons rookie linebacker Kendal Daniels left the game against the Chicago Bears on a stretcher...


Drew Rasmussen pitches Rays to 3-2 ALCS series lead over Guardians
Drew Rasmussen pitches Rays to 3-2 ALCS series lead over Guardians

(Photo credit: David Dermer) CLEVELAND -- Yandy Diaz had three hits and a run, and Drew Rasmussen carried a shutout into the sixth...


Featured story

Exxon signals $4.5 billion refining boost as margins surge

HOUSTON, Texas: ExxonMobil said soaring refining margins could boost its downstream profit by US$4.5 billion in the third quarter compared with the previous three months, as disruptions...

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