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UK BUSINESS CHIEFS
UK inflation unexpectedly sticks at 13-month low before BoE rate decisionUK inflation remained steady at 2.8% in May, surprising economists and the Bank of England. This data influenced currency markets, with Ste...- Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...
- DBS optimistic about India’s long-term structural growth: Chief says country must invest in talent; focus on wealth spaceDBS Bank's CEO views India as a significant long-term growth opportunity. The nation can benefit from the AI-driven demand for hardware. Ho...
- Indian staffing cos step up global reach to diversify revenuesIndian staffing companies are actively expanding their global reach. They are tapping into international talent shortages across sectors li...
- Space stocks slump as blistering rally cools after SpaceX market debutSpace stocks saw a significant drop on Friday. Investors took profits after a strong rally. This occurred on the day of SpaceX's highly ant...
- LSEG slowly sheds 'AI risk' tag with drive to show growthLSEG shares tumbled nearly 13% in one day in February as worries about the threat posed by large language artificial intelligence models li...
- Voice AI startup ElevenLabs appoints Alexander Holt its field CTOVoice AI firm ElevenLabs has appointed Alexander Holt as its Field CTO, a move aimed at accelerating AI integration for enterprise clients ...
- TCS signs multi-million euro AI deal with Canada LifeUnder the partnership, TCS will use its artificial intelligence and digital capabilities to manage and modernise Canada Life's data centres...
- Rupee slide pushes overseas students back to lenders for top-up loansA significant rupee depreciation has forced Indian students studying abroad to seek top-up loans from lenders, as initial loan amounts fall...
- Musk's SpaceX IPO jolts life back into European retail investingEuropean retail investors are eagerly eyeing the SpaceX IPO, with an unusually large allocation planned across several countries. While pla...
- Sumitomo Corporation can invest ¥ 10 trillion in India over the next decade: S JaishankarExternal Affairs Minister S Jaishankar recently convened with Shingo Ueno, the CEO of Sumitomo Corporation, to explore collaborative invest...
- Tata Steel eyes 9% India sales growth this fiscalTata Steel aims for a nearly 9% increase in Indian steel sales this fiscal year, leveraging expanded capacity at its Kalinganagar facility....
- Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...
- India's services growth hits six-month high on domestic demandIndia's service sector experienced its fastest expansion in six months in May, driven by robust demand and new business wins. Manufacturing...
- Google must let UK publishers opt out of AI search under new rulesBritain's competition watchdog has introduced new rules for Google's search. Publishers can now decide if their content powers Google's AI....
- PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
- UK weighs nationwide flight ban for disruptive airline passengersBritain's government is exploring a new plan to stop unruly flyers. Airlines could share details of abusive passengers in a central databas...
- UK regulator enforces new competition requirements on Google searchThe Competition and Markets Authority has flagged concerns about Google's dominance in search services. Google accounts for more than 90%...
- India-US trade deal advances as talks focus on Section 301 probes and 'minor issues'India is nearing a trade deal with the US, with most aspects of the first phase finalized. Discussions are ongoing for minor details. Meanw...
- UK may block billionaire Sunil Bharti Mittal from raising stake in telecom giant BT: ReportThe UK government is set to block any move by Indian billionaire Sunil Bharti Mittal to increase his stake in telecom giant BT beyond 25%. ...
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