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StanChart plans 7,000 job cuts, cites AI and automation drive
StanChart plans 7,000 job cuts, cites AI and automation drive

HONG KONG: Standard Chartered said on May 19 that it will eliminate more than 7,000 jobs over the next four years as the bank increases...

Musk loses court fight with OpenAI as scrutiny of Altman grows
Musk loses court fight with OpenAI as scrutiny of Altman grows

OAKLAND, California: OpenAI has emerged victorious in its closely watched courtroom battle with Elon Musk, preserving its path toward...

Nasdaq Composite slides 220 points as U.S. stocks shed ground
Nasdaq Composite slides 220 points as U.S. stocks shed ground

NEW YORK, New York - U.S. and global stock markets closed with a broad selloff on Tuesday, driven by heavy losses in technology shares...

NextEra-Dominion merger targets soaring AI-driven power demand
NextEra-Dominion merger targets soaring AI-driven power demand

NEW YORK CITY, New York: NextEra Energy has agreed to acquire Dominion Energy in an all-stock deal valued at about US$66.8 billion,...

Tesla increases U.S. prices for several Model Y variants
Tesla increases U.S. prices for several Model Y variants

AUSTIN, Texas: Tesla has increased the prices of several Model Y vehicles in the United States, marking the first price hike for the...

SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing
SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing

NEW YORK CITY, New York: SpaceX is preparing to go public as early as June 12 on the Nasdaq, according to people familiar with the...

Airlines

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Allegiant and Sun Country merge to form larger budget airline
Allegiant and Sun Country merge to form larger budget airline

LAS VEGAS, Nevada: Allegiant Air said it has completed its acquisition of Sun Country Airlines, creating a larger low-cost carrier...

Trump exits China summit without major wins on trade or Iran
Trump exits China summit without major wins on trade or Iran

BEIJING, China: President Donald Trump left Beijing on May 15 after two days of meetings with Chinese President Xi Jinping that produced...

"100% confident that Tejas Mk1A will be delivered this year": Defence Production Secy Sanjeev Kumar
"100% confident that Tejas Mk1A will be delivered this year": Defence Production Secy Sanjeev Kumar

New Delhi [India], May 20 (ANI): Secretary of Defence Production, Sanjeev Kumar, on Wednesday, expressed confidence in the Indian Air...

UK dilutes Russian oil sanctions amid fuel crisis
UK dilutes Russian oil sanctions amid fuel crisis

London has allowed Russian-origin diesel and jet fuel to enter Britain as the Middle East conflict drives a sharp rise in energy costs...

Update: China's commerce ministry elaborates on outcomes of China-U.S. economic, trade consultations
Update: China's commerce ministry elaborates on outcomes of China-U.S. economic, trade consultations

BEIJING, May 20 (Xinhua) -- China's Ministry of Commerce on Wednesday elaborated on the preliminary outcomes of the recently held China-U.S....

Air India AI-171 crash probe in final stages, report expected soon: Civil Aviation Minister
Air India AI-171 crash probe in final stages, report expected soon: Civil Aviation Minister

Ranchi (Jharkhand) [India], May 20 (ANI): Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Wednesday said the investigation...