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Samajwadi Party leader Akhilesh Yadav on Wednesday said the party has ended its association with the Indian Political Action Committee (I-PAC), citing financial constraints rather than political reasons.Speaking at a press conference, Yadav clarified that the party had briefly engaged I-PAC as part of its early preparations for the 2027 Uttar Pradesh Assembly elections, but…
The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep discounts to buyers for picking crude from the country. Iraq has rolled out steep price cuts for buyers with term…
Representative image (AI generated) It’s only May, and the tech industry has already handed pink slips to more than 92,000 people. Spread across 98 companies, the job cuts have been relentless—and April turned into the worst single month for announced tech-job reductions in at least two years, with 45,800 employees affected. Meta, Snap, Microsoft, Oracle,…
US President Donald Trump has signalled a possible reduction of American troop presence in Italy and Spain, sharply criticising both countries over their stance on the ongoing Iran war and widening a growing rift between Washington and its European allies.Speaking to reporters in the Oval Office, Trump said he is actively considering scaling back deployments….
KPMG is laying off hundreds of employees in the US Advisory division. The latest round of layoffs comes as part of a restructuring effort tied to shifting demand across consulting services. According to a report by The Wall Street Journal, the company has cut about 4% of its advisory workforce in the United States, affecting…
Nike has announced that it will layoff 1400 employees across its global operations team, with the majority of reductions coming from its technology division. This move of the company is part of its ongoing ‘Win Now’ action plan which is aimed at streamlining operations and positions the brand for longterm profitable growth. In a memo…
The US administration under President Donald Trump has reduced legal immigration far more sharply than illegal entries, with international students and high-skilled visa holders among the hardest hit, according to a recent analysis by David J. Bier of the Cato Institute, a Washington-based think-tank.“Although illegal entries have declined, the cuts to legal immigration are significantly…
Moody’s Ratings has lowered India’s FY27 growth forecast to 6%, down from an earlier estimate of 6.8%, citing weaker consumer demand and slower industrial performance amid rising energy and input costs linked to the West Asia conflict.For FY26, the agency expects India’s GDP growth to be 7.6%, according to official estimates, as reported by ET.The…
Meta is cutting close to 8,000 employees on May 20 in the first wave of what could be its biggest round of layoffs ever—surpassing even the 2022–23 “year of efficiency.” A second wave is planned for later in 2026, with details still being finalised. The cuts are tied to Zuckerberg’s massive AI spending push, with…
NEW DELHI: Opposition parties Tuesday said they will vote against the constitutional amendment on delimitation that proposes to raise Lok Sabha strength from 543 to 850, calling it a “dangerous” move that could reduce the share of southern, north-western, north-eastern and smaller states. Congress neta Rahul Gandhi termed it an “anti-national act”. The parties also…
