Economy
Oracle Cuts Thousands Amid $50 Billion AI Infrastructure Push
Tech giant Oracle has reportedly laid off thousands of employees, including senior engineers and technical specialists, as it significantly ramps up investment...
Economy 84 articles
Economy
IndiGo Taps Willie Walsh for CEO Role After Flight Chaos
IndiGo appoints aviation veteran Willie Walsh as CEO, succeeding Pieter Elbers who departed after a crisis led to 4,500 flight cancellations and...
Economy
UK Households Face Rising Bills, Energy Costs See Temporary Dip
UK households are grappling with a new wave of bill increases across council tax, water, and broadband, despite a temporary 7% fall...
Economy
Tax Refunds Up 11%: Americans Splurge and Cover Rising Costs
Average tax refunds are 11% higher this year, driven by recent tax cuts. Americans are using the extra cash for both discretionary...
Economy
New Fed Report: Sports Betting Drives Credit Delinquencies
A New York Federal Reserve report links legal sports betting to plummeting credit and rising delinquencies, especially for new bettors. Mobile access...
Economy
JLR Reports Strong Quarterly Sales Recovery Post-Cyber Attack
Jaguar Land Rover has announced a significant sales rebound in the quarter ending March 31, recovering from a major cyber attack that...
Economy
US Imposes 100% Tariffs on Patented Drugs, Offers Deal-Based Exemptions
The US has ordered 100% tariffs on patented medicines, a move aimed at boosting domestic manufacturing and securing pricing deals. While generics...
Economy
Federal Regulators Challenge States Over Prediction Market Control
The Trump administration's CFTC has sued Illinois, Connecticut, and Arizona, asserting exclusive federal authority over prediction markets like Kalshi and Polymarket, escalating...
Economy
French Container Ship Crosses Hormuz Strait
A French-owned container ship has become the first vessel from a major Western European firm to transit the Strait of Hormuz since...