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Business

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AI saves $500 million for Microsoft as layoffs reshape strategy
AI saves $500 million for Microsoft as layoffs reshape strategy

REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...

FTC’s rule to ease subscription cancellations struck down by court
FTC’s rule to ease subscription cancellations struck down by court

WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes
Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs
Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets
Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035
PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

Delhi

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Birkenstock steps up legal battle over fakes in India
Birkenstock steps up legal battle over fakes in India

NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...

India's forex reserves fall by $3.05 bn to $699.74 bn; Gold reserves rise by $342 mn
India's forex reserves fall by $3.05 bn to $699.74 bn; Gold reserves rise by $342 mn

Mumbai (Maharashtra) [India], July 12 (ANI): India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD...

"Every Indian is elated with this recognition": PM Modi as 'Maratha Military Landscapes' gets UNESCO tag
"Every Indian is elated with this recognition": PM Modi as 'Maratha Military Landscapes' gets UNESCO tag

New Delhi [India], July 12 (ANI): Prime Minister Narendra Modi on Saturday stated that every India is elated with this recognition...

Pat Cummins to miss South Africa white-ball series, focuses on Ashes preparation
Pat Cummins to miss South Africa white-ball series, focuses on Ashes preparation

Kingston [Jamaica], July 12 (ANI): Australia's Test captain Pat Cummins is set to sit out next month's white-ball series against South...

India highlights growing Indo-Pacific role under SAGAR vision in 2024 MEA report
India highlights growing Indo-Pacific role under SAGAR vision in 2024 MEA report

New Delhi [India], July 12 (ANI): The Ministry of External Affairs (MEA) has underlined India's increasing involvement in the Indo-Pacific...

Karnataka CM Siddaramaiah rejects BJP's 'Rahul Gandhi humiliated him' claim
Karnataka CM Siddaramaiah rejects BJP's 'Rahul Gandhi humiliated him' claim

Bengaluru (Karnataka) [India], July 12 (ANI): Refuting BJP leader Amit Malviya's allegation that Rahul Gandhi had 'humiliated' him...