The number of Americans filing for first-time unemployment benefits fell more than expected last week, signalling ongoing resilience in the labour market even as warning signs mount from escalating trade tensions and economic uncertainty.Initial jobless claims dropped by 13,000 to a seasonally adjusted 228,000 for the week ending May 3, according to the US Labour…
US President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a groundbreaking trade agreement with Britain, the first such arrangement since the implementation of global tariffs.“This morning I am thrilled to announce that we have reached a trade deal with the UK. Today is the Victory Day for World War 2, we…
BENGALURU: Prosus has invested over $8.6 billion in India, making the country one of its most significant growth bets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO in late 2024 and a recent investment in ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating…
US stocks opened sharply higher on Thursday morning after President Trump announced a “full and comprehensive” trade agreement between the United States and the United Kingdom, fuelling optimism across global markets and lifting investor sentiment.As of 9:32 a.m., the Dow Jones Industrial Average climbed 218.81 points, or 0.53%, to 41,332.78, following the President’s post on…
The Bank of England has cut its main interest rate by 0.25 percentage points to 4.25%, citing concerns over the potential global economic slowdown driven by the trade policies of the Trump administration.The decision announced on Thursday, comes just hours before a widely anticipated US-UK trade deal is expected to be unveiled. President Donald Trump…
OpenAI appointed Instacart CEO Fidji Simo as its new CEO of applications, company chief Sam Altman announced in a blog post to employees.Altman clarified that he would continue to be the CEO and said that the decision will allow him to increase focus on research, computation, and safety.“Applications brings together a group of existing business…
Operation Sindoor trademark: After the government’s announcement regarding strikes on terrorist facilities in Pakistan and Pakistan-occupied Jammu and Kashmir, four separate entities submitted applications to the trademark registry for registering ‘Operation Sindoor‘.The applicants were Reliance Industries Ltd (RIL) and three private individuals – Mukesh Chetram Agrawal, Retired Group Captain Kamal Singh Oberh, and Alok Kothari….
Home made food lovers breathed a sigh of relief in April as the cost of preparing a vegetarian and non-vegetarian thali dropped by 4% as compared to the same month last year. Crisil’s latest Roti Rice Rate Report said that the fall was majorly attributed to the reduction in vegetable prices, even as cooking essentials…
Operation Sindoorimpact on air travel: Several airports across India are closed for commercial flights over the next few days following India’s missile strikes on terrorist camps in Pakistan and Pakistan occupied Kashmir.Hundreds of flights of airlines likeIndiGo, Air India, Spicejet, Akasa Air, Air India Express have been cancelled and rescheduled.Air travel in the country has…
Pakistan stock market has been bleeding since the Pahalgam terror attack on April 22. (AI image) Operation Sindoor has spooked the Pakistan stock market! A day after India launched missile strikes on terrorist facilities in Pakistan and Pakistan occupied Kashmir, the Pakistan stock market index KSE 100 crashed over 6%, resulting in trading coming to…
