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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...

United Kingdom

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Faulty IT system at heart of UK Post Office scandal, says report
Faulty IT system at heart of UK Post Office scandal, says report

LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...

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...

"Were all preventive checks of the aircraft done?" Kin of AI plane crash victim
"Were all preventive checks of the aircraft done?" Kin of AI plane crash victim

Surat (Gujarat) [India], July 12 (ANI): Following the release of the Aircraft Accident Investigation Bureau's (AAIB) preliminary report...

Roundup: Britain faces third, more extensive heatwave
Roundup: Britain faces third, more extensive heatwave

As UK summers become hotter, with longer periods of high temperature extremes, the impact will reach far beyond personal discomfort,...

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...

"Continue to support investigation": Boeing after AAIB releases preliminary report on AI171 plane crash
"Continue to support investigation": Boeing after AAIB releases preliminary report on AI171 plane crash

New Delhi [India], July 12 (ANI): Aircraft manufacturer Boeing on Saturday said it continues to support the ongoing investigation into...