Latest News, Updates & Breaking Headlines
Andy Jassy, CEO of Amazon Amazon has announced its plans to invest up to $25 billion in artificial intelligence startup Anthropic, expanding its partnership to build out AI infrastructure. According to a report by CNBC, the deal includes an immediate $5 billion investment, with up $20 billion more tied to commercial milestones. This comes on…
Pakistan has suspended a proposed $1.5 billion agreement to supply weapons and fighter jets to Sudan after Saudi Arabia asked Islamabad to terminate the arrangement and said it would no longer finance the purchase, according to two Pakistani security sources and a diplomatic source.The development comes as Sudan remains gripped by a conflict between the…
Refunds for tariffs imposed by US President Donald Trump are set to begin rolling out to American businesses soon. This comes after the US Supreme Court ruled that certain import taxes imposed by Trump were unconstitutional. According to a report by the news agency AP, the refund system, administered by US Customs and Border Protection…
The US government launched a portal Monday to refund more than $166 billion in revenue from tariffs imposed by President Donald Trump and struck down by the Supreme Court.In February, the conservative-majority high court ruled against a swath of Trump’s tariffs. The decision marked a stinging rebuke of his key economic policy and opened the…
In a rare moment of candour among tech leaders, Jack Dorsey, CEO of fintech giant Block, openly admitted that artificial intelligence was the driving force behind the company’s decision to lay off 40% of its workforce which account to more than 4,000 employees. According to a report by Fortune, Dorsey said that the decision crystallised…
Pakistan has expressed hopes to repay the remaining $1.5 billion of the total $3.5 billion loan to UAE by April 23. This comes ahead of an expected $1.2 billion disbursement from the International Monetary Fund (IMF), following recent discussions in Washington.Spokesperson for the State Bank of Pakistan, country’s central bank told PTI, “Pakistan has repaid…
The nearly 50-day Iran war has wiped out more than $50 billion worth of crude oil production from global markets, with over 500 million barrels of crude and condensate knocked offline since the conflict began in late February, according to analysts and Reuters calculations.The disruption is being described as the largest energy supply shock in…
US President Donald Trump After more than a month of Operation Epic Fury, Donald Trump on Friday claimed major breakthroughs in the US military mission against Iran, announcing what he described as the suspension of Tehran’s nuclear programme and the reopening of the strategic Strait of Hormuz for “full passage.“The MAGA supremo said the United…
Adani Group chairman Gautam Adani has overtaken Reliance Industries’ chairman Mukesh Ambani to become Asia’s richest individual, driven by a steady rise in the share prices of his diversified conglomerate spanning ports to energy.As the founder of the Adani Group, he presides over the country’s largest private port network, leads in renewable energy generation, operates…
India’s foreign exchange reserves rose by $3.825 billion to $700.946 billion in the week ended April 10, according to Reserve Bank of India (RBI) data.The reserves had increased by $9.063 billion to $697.121 billion in the previous week ended April 3. They touched an all-time high of $728.494 billion in the week ended February 27,…
