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…
The journey of the FIH Men’s Junior Hockey World Cup 2025 concluded with the gold and bronze medal matches at Chennai’s Mayor Radhakrishnan Hockey Stadium on Wednesday. The day started with India beating Argentina 4-2 in the bronze medal match, before Germany and Spain clashed in the grand finale. FIH Men’s Junior Hockey…
It’s official—we finally have a total figure for MacKenzie Scott’s donations this year: an eye-popping $7.2 billion. That brings the billionaire philanthropist’s total gifts since 2020 to $26 billion and more than 2,700 gifts. This squarely places Scott among the most generous philanthropists, alongside fellow billionaires Bill Gates, Melinda French Gates, and Warren Buffett—all of…
Rachel Reeves has condemned leaks before her make-or-break budget as “unacceptable” as she revealed her income tax U-turn was agreed in partnership with Keir Starmer. Defending her tax and spending plans before MPs on the Commons Treasury committee, the chancellor said she had been frustrated by “leaks that were clearly not authorised” before her November…
Chancellor Rachel Reeves has said there were too many unauthorised leaks ahead of her Budget last month. The amount of media stories about what might in her statement led to criticism from Speaker Sir Lindsay Hoyle, who labelled it the “hokey-cokey Budget,” telling MPs “one minute it’s in, the next minute it’s out”. The source…