AI lab GoogleDeepMind announced a major new partnership with the U.K. government Wednesday, pledging to accelerate breakthroughs in materials science and clean energy, including nuclear fusion, as well as conducting joint research on the societal impacts of AI and on ways to make AI decision-making more interpretable and safer. As part of the partnership, Google…
Oracle shares sank 11% in extended trading on Wednesday after the database software maker reported lower quarterly revenue than expected despite booming demand for its artificial intelligence infrastructure. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $2.26 adjusted vs. $1.64 expected Revenue: $16.06 billion vs. $16.21 billion expected With respect…
IndiGo’s chairman, Vikram Singh Mehta, apologized for recent flight disruptions, denying they were deliberate. He stated external experts will identify root causes to prevent future chaos. Mehta clarified that the airline followed new pilot rest rules and did not compromise safety. A combination of internal and external factors, not intentional actions, pushed systems beyond limits,…
Danielle KayeBusiness reporter Reuters US Federal Reserve Chair Jerome Powell The US Federal Reserve has lowered interest rates for the third time this year, even as internal divisions create uncertainty about additional cuts in the coming months. The central bank said on Wednesday it was lowering the target for its key lending rate by 0.25…
AI isn’t just a new tool for the modern workplace; it’s already quietly reshaping how some companies are organized. Companies including Amazon, Moderna, and McKinsey are already eliminating management layers, working to flatten organizations, and deploying AI agents to automate routine work. As AI rewrites the corporate org chart, humans can avoid some managerial drudgery,…
The US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the embattled central bank appeared split over how best to manage the US economy. The Fed chair, Jerome Powell, has emphasized unity within the Federal Open Market Committee (FOMC), the board…
US Fed chair Jerome Powell (File photo by AP) The US Federal Reserve’s Federal Open Market Committee (FOMC), led by Fed Chair Jerome Powell on Wednesday cut the key rate by 25 basis points. The rate now stands between 3.5 percent and 3.75 percent, the lowest level in nearly three years. “In support of its…
Commerce Minister Piyush Goyal. (Photo: X/@PiyushGoyal) 1 min read Last Updated : Dec 11 2025 | 12:09 AM IST Visiting Italian Deputy Prime Minister Antonio Tajani is scheduled to meet Commerce and Industry Minister Piyush Goyal in Mumbai on Thursday, and the two sides are scheduled to discuss the India-Italy Joint Strategic Action Plan…
Toffee Crisp and Blue Riband bars can no longer be called chocolate after maker Nestle changed their recipes. To be described as milk chocolate in the UK a product needs to have at least 20% cocoa solids and 20% milk solids, a level each product fell below once a higher amount of cheaper vegetable fat…
Nvidia CEO Jensen Huang outside the Capitol, Dec. 3, 2025. Bloomberg | Bloomberg | Getty Images Nvidia on Wednesday responded to a report that the Chinese artificial intelligence startup DeepSeek has been using smuggled Blackwell chips to develop its upcoming model. The U.S. has banned the export of Nvidia’s Blackwell chips, which are considered the…