Job losses due to AI: US Fed gov Cook has important observation; says unemployment could rise in short-term

Federal Reserve governor Lisa Cook on Tuesday (local time) cautioned that artificial intelligence is beginning to reshape the US labour market in ways that could further push unemployment rates higher and limit how effectively the central bank can respond with interest rate cuts.Speaking in remarks for a national association for business economics conference, Cook said,…

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Middle East War: Hormuz supply crunch: Rising energy prices impact roads, airlines and restaurants

As the Middle East war has stretched beyond a month, energy prices have soared sharply, sending ripples across the globe. Iran’s chokehold of Strait of Hormuz has pushed fuel costs higher, hitting energy supplies for major economies. The impact is visible in multiple sectors in India, with higher costs of fuel and petrochemical products feeding…

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IT sell-off deepens: Infosys, Wipro ADRs slide as US tech rout and rate fears weigh

Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…

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Former captain Sarfaraz Ahmed named head coach; Pakistan include 4 uncapped for Bangladesh Tests | Cricket News

Sarfaraz Ahmed (AP Photo) NEW DELHI: Pakistan have picked a 16-member squad for their upcoming Test series against Bangladesh, with Shan Masood leading the side. Former captain Sarfaraz Ahmed will take charge as head coach, with Asad Shafiq as batting coach and Umar Gul as bowling coach.The team is looking to improve its position in…

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T20 World Cup: Sachin Tendulkar celebrates Italy’s 10-wicket win – ‘A proud footballing nation making its mark’ | Cricket News

Sachin Tendulkar celebrates Italy’s 10-wicket win (Photos by PTI and AP) NEW DELHI: Cricket legend Sachin Tendulkar praised Italy after their historic first-ever T20 World Cup victory, celebrating how the game is spreading to new nations.“Congratulations to Italy on their first-ever T20 World Cup win, and in such commanding fashion! A proud footballing nation making…

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