Manhattan apartment rents are climbing sharply amid growing affordability concerns, an issue mayor-elect Zohram Mamdani has pledged to rein in, according to a Bloomberg report. Citing data, the report said that the new leases were signed at a median of $4,750 in November, up 13 per cent from a year earlier and…
Google DeepMind, the tech giant’s AI unit, unveiled plans for its first “automated research lab” in the U.K. as it signs a partnership that could lead to the company deploying its latest models in the country. The AI company will open the lab, which will use AI and robotics to run experiments, in the U.K….
The Federal Reserve lowered its key interest rate Wednesday by a quarter percentage point, setting the target range between 3.5 percent and 3.75 percent, but highlighted lingering uncertainty about future policy. The 9-3 vote reflected continued divisions among policymakers, with Governor Stephen Miran advocating a half-point cut and regional Presidents Jeffrey Schmid of Kansas City…
Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…
Today, we meet James Eder, the 42-year-old cofounder of Student Beans (a discount coupon company targeting the college crowd), who is now a work-life coach splitting his time between London and the French Alps, and author of The Collision Code. Eder was inspired to build Student Beans in 2005 after organising his university’s summer ball—a…
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images It ended up being a “hawkish cut,” as expected. Still, investors managed to find a few gifts tucked between the lumps of…
People who might otherwise turn to friends, family, or social media influencers for financial advice are to be given new help to invest their money. Targeted support from registered banks and other financial firms is being given the go-ahead by the City regulator and should start in April. This will allow firms to make investment…
Microsoft Chairman and CEO Satya Nadella on Thursday said the company is deepening its commitment to India’s artificial intelligence ecosystem with massive infrastructure investments. Microsoft is also strengthening its cloud footprint and focusing on skilling millions of Indians for an AI-driven future, he said. Speaking at a Microsoft event here, Nadella said,…
The cost of electricity in Guernsey is a primary concern for islanders, a survey has suggested. Guernsey Electricity (GEL) said 3,617 islanders aged over 16 participated in a survey on how the company could evolve its services and tariffs. In July, tariffs were raised by 8% after the States Advisory Board granted GEL permission to…
The U.K. and Germany are emerging as key hubs for a new wave of AI defense startups, as Europe scrambles to rearm amid rising geopolitical tensions. Private funding for defense startups across the region has ramped up in recent years, with investors looking to tap into increasing government military budgets, driven by the ongoing Russia-Ukraine…