© Reuters. Go First, an Indian airline, has halted flights and declared insolvency due to ongoing delays in engine deliveries from Pratt & Whitney. Piyush Srivastava, a key figure in…
Category: Business News
ECB warns of ‘early signs of stress’ at eurozone banks as default rates rise
Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. The balance sheets of eurozone banks are showing “early signs…
Ukraine’s coal mines turn to women to solve wartime staff shortages By Reuters
© Reuters. By Max Hunder PAVLOHRAD, Ukraine (Reuters) – After more than a thousand of its workers went to fight Russia’s invasion, a coal mining enterprise in eastern Ukraine suffered…
Who were the OpenAI board members that sacked Sam Altman?
A former Facebook executive, an AI researcher, a tech entrepreneur and a computer scientist were the four OpenAI kingmakers who plunged the start-up into crisis last week when they fired…
Sam Altman returns as OpenAI CEO, Larry Summers joins board
Sam Altman is returning as OpenAI’s CEO, ending a days-long power struggle that began with his firing late Friday afternoon. The AI developer behind ChatGPT also has a new board,…
India’s GDP forecast to grow 6.5% in FY24-25 amid pre-election spending By Investing.com
Analysts are projecting a robust growth trajectory for India’s economy, with the Gross Domestic Product (GDP) expected to expand to 6.5% in the fiscal year 2024-25. This uptick is attributed…
Israel approves hostage deal with Hamas
Israel and Hamas have agreed a deal for the staggered release of 50 civilians held hostage in Gaza in exchange for some Palestinian prisoners and a four-day halt to hostilities.…
Nvidia warns that China sales will ‘decline significantly’
Nvidia Corp. investors gave a cool reaction to its latest quarterly report, which blew past average analysts’ estimates but failed to satisfy the loftier expectations of shareholders who have bet…
Analysis: Binance’s $4 billion plea deal is a victory for the company—but there’s a huge catch
When the U.S. government announced criminal charges against Binance on Tuesday, it marked the successful culmination of a years-long campaign to bring the crypto world’s biggest, and wildest, company to…
Kenyan shilling drops amid $2 billion CBK scandal revelations By Investing.com
© Reuters. NAIROBI – Kenya’s Deputy President Rigathi Gachagua recently highlighted a significant financial scandal as a key factor in the declining value of the Kenyan shilling, listed at 152.44…