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...

Europe's record-low gas reserves threaten another costly year

Europe's record-low gas reserves threaten another costly year

OSLO, Norway: European households and businesses could face elevated gas prices for at least another year as record-low storage reserves...

Wall Street weakens Tuesday, U.S. dollar also slips

Wall Street weakens Tuesday, U.S. dollar also slips

NEW YORK, New York - Stocks were weaker at the close on Wall Street Tuesday, with the Dow Jones leading the way. Losses, however, were...

Sequoia-backed Nuvacore seeks funds at $2.5 billion valuation

Sequoia-backed Nuvacore seeks funds at $2.5 billion valuation

SAN FRANCISCO, California: Six-month-old chip startup Nuvacore is seeking hundreds of millions of dollars in funding at a valuation...

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,...

Stronger social safety nets could unlock consumption growth in emerging Asia, IMF Says

Stronger social safety nets could unlock consumption growth in emerging Asia, IMF Says

New Delhi [India], October 18 (ANI): Emerging Asian economies could boost domestic demand and strengthen long-term economic resilience...

AI Investment boom raises cross-asset risks as capex cycle matures, says BCA research strategist

AI Investment boom raises cross-asset risks as capex cycle matures, says BCA research strategist

New Delhi [India], October 18 (ANI): Artificial intelligence could remain a transformative technology while triggering a significant...

Dubai's GDP reaches AED473 billion in H1 2026

Dubai's GDP reaches AED473 billion in H1 2026

DUBAI, 18th October, 2026 (WAM) -- The Government of Dubai has announced the emirate's Gross Domestic Product (GDP) results for H1...

EU summit ends with mounting bills, unresolved divisions

EU summit ends with mounting bills, unresolved divisions

Behind the summit's limited progress lay three pressing challenges: a budget difficult to agree upon, a growing security bill complicated...

Trump's Russian oil tariff waiver offers India relief, but experts warn of renewed US pressure

Trump's Russian oil tariff waiver offers India relief, but experts warn of renewed US pressure

New Delhi [India], October 17 (ANI): US President Donald Trump's decision to waive additional tariffs of 100 per cent on major buyers...

Small boat approaches, opens fire on LNG tanker off Yemen's coast, says UK maritime agency

Small boat approaches, opens fire on LNG tanker off Yemen's coast, says UK maritime agency

London [UK], October 17 (ANI): The United Kingdom Maritime Trade Operations stated on Saturday that it had received a report concerning...

IDBI Bank Q2 profit falls 39% on high base, underlying earnings rise 14%

IDBI Bank Q2 profit falls 39% on high base, underlying earnings rise 14%

Mumbai (Maharashtra) [India], October 17 (ANI): IDBI Bank reported a 39 per cent year-on-year decline in net profit to Rs 2,205 crore...

Axis Bank's Q2 profit jumps 38% as provisions fall 52%, asset quality improves

Axis Bank's Q2 profit jumps 38% as provisions fall 52%, asset quality improves

Mumbai (Maharashtra) [India], October 17 (ANI): Axis Bank reported a 38 per cent year-on-year jump in standalone net profit to Rs 7,003...

HDFC Bank's Q2 profit growth limited to 4.7% as treasury gains plunge 67%

HDFC Bank's Q2 profit growth limited to 4.7% as treasury gains plunge 67%

Mumbai (Maharashtra) [India], October 17 (ANI): HDFC Bank reported a 4.7 per cent year-on-year rise in standalone net profit to Rs...

ECB may raise rates by 50 bps by mid-2027 as energy prices fuel inflation: Report

ECB may raise rates by 50 bps by mid-2027 as energy prices fuel inflation: Report

New Delhi [India], October 17 (ANI): The European Central Bank (ECB) is expected to raise interest rates by a cumulative 50 basis points...

Kashi Vishwanath Dham to implement Shravan Monday-like crowd management for upcoming Air Show

Kashi Vishwanath Dham to implement Shravan Monday-like crowd management for upcoming Air Show

Varanasi (Uttar Pradesh) [India], October 17 (ANI): Shri Kashi Vishwanath Dham administration will implement special crowd management...

Shortest stint in White House history: Katie Zacharia leaves Press Secretary role after 5 days

Shortest stint in White House history: Katie Zacharia leaves Press Secretary role after 5 days

Washington, DC [US], October 17 (ANI): In one of the shortest tenures in White House history, Press Secretary Katie Zacharia, 41, has...

Rising borrowing costs signal funding risks for global AI expansion: Report

Rising borrowing costs signal funding risks for global AI expansion: Report

New Delhi [India], October 17 (ANI): Financial markets are showing signs of increasing stress in funding the global artificial intelligence...

US Fed likely to hold rates in October, hike by 25 bps by year-end: CareEdge Global

US Fed likely to hold rates in October, hike by 25 bps by year-end: CareEdge Global

New Delhi [India], October 17 (ANI): The US Federal Reserve is expected to keep interest rates unchanged in October before resuming...

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Top 25 roundup: Auburn knocks off No. 1 Georgia on day of upsets
Top 25 roundup: Auburn knocks off No. 1 Georgia on day of upsets

(Photo credit: Dale Zanine) Alex McPherson made a 34-yard field goal as time expired to lift visiting Auburn to a shocking 27-24...


No. 12 UCLA remains undefeated as Bruins bottle up Wisconsin
No. 12 UCLA remains undefeated as Bruins bottle up Wisconsin

(Photo credit: Jayne Kamin) Anthony Woods and Wayne Knight carried for goal-line touchdowns and No. 12 UCLA bottled up Wisconsin...


Report: Bears QB Caleb Williams to start vs. Falcons
Report: Bears QB Caleb Williams to start vs. Falcons

(Photo credit: Matt Marton) Chicago Bears quarterback Caleb Williams is expected to return to the starting lineup Sunday against...


Packers place WR Skyy Moore, two others on IR
Packers place WR Skyy Moore, two others on IR

(Photo credit: Matt Pendleton) The Green Bay Packers placed wide receiver Skyy Moore and defensive tackles Javon Hargrave and Jonathan...


Rutgers rallies in second half, extends Maryland's Big Ten skid
Rutgers rallies in second half, extends Maryland's Big Ten skid

(Photo credit: Vincent Carchietta) Dylan Lonergan threw for 291 yards and three touchdowns as Rutgers rallied to hand Maryland its...


Wizards monitoring top overall pick AJ Dybantsa (ankle)
Wizards monitoring top overall pick AJ Dybantsa (ankle)

(Photo credit: Stephen Lew) No. 1 overall pick AJ Dybantsa sustained a mild ankle sprain during the Washington Wizards' preseason...