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Commodities News

Oil reports best weekly gain since April on robust demand outlook for 2024; Brent up 4% at $82/bbl

Brent and the US benchmark gained four per cent on the week, the highest weekly rise in percentage terms since April. International crude oil prices settled slightly lower in the

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News Technology

Elon Musk plans xAI supercomputer

Elon Musk’s AI startup xAI plans to build a supercomputer powered by Nvidia H100 GPUs to enhance its chatbot Grok. U.S. businessman Elon Musk recently told investors that his artificial

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Cryptocurrency News

‘Provide a Level Playing Field for Web3 Businesses’: BWA to FM Nirmala Sitharaman

The BWA is concerned that if India delays the creation of a lucrative ecosystem for Web3, it could miss out on profitable and technical opportunities. From three percent in 2018,

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News Stock Market

UBS sets aside $900 million to repay investors in collapsed Greensill funds

By Noele Illien ZURICH (Reuters) -UBS will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital,

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News Stock Market

London stocks rebound ahead of data-packed week

(Reuters) – London stocks made a gentle comeback on Monday, offering a glimmer of hope to investors eagerly anticipating a week brimming with key economic data, while industrial metal miners

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News Stock Market

At Toyota shareholder meeting, all eyes on level of support for chairman

By Daniel Leussink and Maki Shiraki TOKYO (Reuters) – Toyota Motor (NYSE:TM) Chairman Akio Toyoda may be in no danger of not being re-elected at the automaker’s annual general meeting on Tuesday,

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Economy News

Exports up 9% in May on low base, trade deficit widens

The rise in outward shipments of goods in May was the highest since February (11.9%), and was much above the subdued trend seen most of the recent months, but it

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Economy News

Pulses prices to soften from next month on robust imports, kharif arrival: Govt

Khare asserted that the government would take all necessary measures to boost domestic availability and keep retail prices under check. Price of pulses, which had been at elevated levels over

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Economy News

Why did WPI inflation double in May: How can rainfall help keep inflation in check – Here is all you need to know

There is a hope that inflation in food articles is expected to rationalize by September/October 2024 on the back of a prediction of a normal monsoon, though the uneven distribution

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News Technology

How AI made Mark Zuckerberg popular again in Silicon Valley

Zuckerberg has become the highest-profile technology executive to support and promote the open-source model for AI. When Mark Zuckerberg, the CEO of Meta, announced last year that his company would

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