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US Senator Elizabeth Warren has renewed her call to break up Big Tech – a term collectively used for the likes of Apple, Microsoft, Google, Amazon, Meta and others – after a major outage at Amazon Web Services (AWS) that disrupted access to several major online platforms and government websites. The AWS outage which lasted…
Apple is about to touch $4 trillion market valuation as the tech giant’s shares soared to lifetime highs on Monday. This lift came on the back of early sales of its new iPhone 17 series, which exceeded expectations in major markets.According to research firm Counterpoint, the latest iPhone 17 outsold the iPhone 16 series by…
The relentless march of artificial intelligence is no longer a distant forecast; it is actively rewriting the rules of employment. Across sectors, tasks once safeguarded by human oversight, from basic data processing to first-line technical support, are increasingly ceded to algorithms, leaving traditional roles exposed. Accenture recently laid off thousands of employees globally over the…
Diwali celebrations were disrupted for hundreds of passengers hoping to reunite with family in India, after an Air India Dreamliner faced a technical snag at Milan airport on Friday.Flight AI138 from Milan to Delhi, scheduled for October 17, was cancelled due to an extended technical requirement on the Boeing 787-8 aircraft. Most of the 250…
Zohran Mamdani, the Democratic frontrunner for the New York City mayoral race, has sent a message to CEOs of tech companies. During the first debate of the campaign, when the candidates were asked how they would convince tech leaders concerned about increased corporate taxes to build their companies in NYC instead of cities like Dallas,…
Palmer Luckey, the founder of Silicon Valley defence software company Anduril Industries, has claimed that the US defence manufacturing supply chain is too reliant on China. These remarks were made during an interview with Bloomberg TV, shortly after US President Donald Trump announced that the US would impose a 100% tariff on Chinese imports. “We…
Infosys has stepped up lateral hiring across its development centres in India, offering cash rewards to employees who recommend candidates for open positions, signaling growing momentum in mid-career recruitment at the Bengaluru-headquartered software giant, according to an ET report.In an internal communication, Infosys outlined referral bonuses of Rs 10,000 for job level 3 hires, Rs…
Wall Street advanced on Wednesday as robust earnings from major technology and banking firms overshadowed lingering US-China trade concerns. The S&P 500 gained 0.9%, recovering from a volatile session, while the Dow Jones Industrial Average rose 320 points, or 0.7%, and the Nasdaq composite climbed 1.1% by 10 a.m. Eastern time, driven largely by strength…
Tim Gokey, CEO, Broadridge, and Sheenam Ohrie, country MD, Broadridge India Tim Gokey, CEO of Broadridge, the $7-billion US company that offers technology and communications solutions to financial services businesses, says technology is enabling the democratisation of investment. About 60% of North Americans, he says, hold shares today, compared to 40% some 15 years ago….
Wall Street stocks slipped in early trading on Tuesday as trade tensions with China resurfaced, putting pressure on major indices. The S&P 500 fell 1 per cent, the Dow Jones Industrial Average slipped 383 points or 0.8 per cent, and the Nasdaq composite shed 1.5 per cent as of 9:57 a.m. Eastern time, AP reported.The…
