Business

[ad_1] US stocks opened sharply higher on Thursday morning after President Trump announced a "full and comprehensive" trade agreement between the United States and the United Kingdom, fuelling optimism across global markets and lifting investor sentiment.As of 9:32 a.m., the Dow Jones Industrial Average climbed 218.81 points, or 0.53%, to 41,332.78, following the President’s post on Truth Social declaring the deal a major milestone in transatlantic relations. The Nasdaq Composite jumped 190.19 points (+1.07%) to 17,928.35, while the S&P 500 advanced 39.2 points, or 0.7%, to 5,670.48, with gains led by tech and energy stocks.Investor enthusiasm was also bolstered by strength in commodity markets and renewed hopes of progress in US-China trade relations, despite Trump reiterating that he would not reduce the current 145% tariffs on Chinese imports ahead of this weekend’s talks in Geneva.In the commodities space, US crude […]

[ad_1] The Bank of England has cut its main interest rate by 0.25 percentage points to 4.25%, citing concerns over the potential global economic slowdown driven by the trade policies of the Trump administration.The decision announced on Thursday, comes just hours before a widely anticipated US-UK trade deal is expected to be unveiled. President Donald Trump described the upcoming agreement on his Truth Social platform as a “full and comprehensive” deal that will “cement the relationship between the United States and the United Kingdom for many years to come.”The move by the UK's central bank underscores growing fears that escalating tariffs—particularly between the US and key trading partners like China and the UK—could derail global growth. Economists believe that despite current inflationary pressures in Britain, the Monetary Policy Committee (MPC) opted for a pre-emptive rate cut to cushion against a […]

[ad_1] OpenAI appointed Instacart CEO Fidji Simo as its new CEO of applications, company chief Sam Altman announced in a blog post to employees.Altman clarified that he would continue to be the CEO and said that the decision will allow him to increase focus on research, computation, and safety.“Applications brings together a group of existing business and operational teams responsible for how our research reaches and benefits the world, and Fidji is uniquely qualified to lead this group,” he said.The AI company said that in her new role, Fidji Simo will focus on enabling the company's "traditional" functions to scale as it enters a new phase of growth. Sam Altman, the company's CEO, praised her, saying, "Fidji brings a rare blend of leadership, product and operational expertise, and genuine commitment to ensuring our technology benefits everyone.”Who is Fidji Simo?Fidji Simo […]

[ad_1] Operation Sindoor trademark: After the government's announcement regarding strikes on terrorist facilities in Pakistan and Pakistan-occupied Jammu and Kashmir, four separate entities have submitted applications to the trademark registry for registering 'Operation Sindoor'.The applicants are Reliance Industries Ltd (RIL) and three private individuals - Mukesh Chetram Agrawal, Retired Group Captain Kamal Singh Oberh, and Alok Kothari. Each has independently filed for trademark ownership of 'Operation Sindoor' under Class 41, encompassing educational and entertainment services, according to an ET report.Records from the trademark registry indicate that Mukesh Ambani-led RIL's application specifically covers entertainment provision, production, presentation and distribution of audio-visual content, still and moving images, and data. Additionally, their application includes electronic publishing services.Also Check | Operation Sindoor Live UpdatesThe scope of RIL's trademark application extends to facilitating discussion forums, providing non-downloadable electronic publications, and organising various entertainment events including […]

[ad_1] Asian and European markets mostly rose Thursday ahead of weekend tariff talks between China and the United States, with London boosted by reports that a "major trade deal" flagged by Donald Trump was with Britain.After the fireworks sparked by the US president's "Liberation Day" on April 2, markets have enjoyed a period of calm in recent weeks on optimism that countries will reach agreements with Washington to avoid his potentially damaging tariffs.That sentiment was given a boost this week when Chinese and US officials said top negotiators would meet on Saturday and Sunday for their first talks since Trump unveiled his bombshell levies.US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will attend the meeting in Switzerland with Chinese Vice Premier He Lifeng.The gathering has fuelled hopes for a dialling down of tensions between the world's economic superpowers, […]

[ad_1] Operation Sindoorimpact on air travel: Several airports across India are closed for commercial flights over the next few days following India’s missile strikes on terrorist camps in Pakistan and Pakistan occupied Kashmir.Hundreds of flights of airlines likeIndiGo, Air India, Spicejet, Akasa Air, Air India Express have been cancelled and rescheduled.Air travel in the country has been disrupted after 27 airports across northern, western, and central India have shut down commercial flights until 5:29 AM on Saturday, May 10.Indian carriers have cancelled as many as 430 flights on Thursday, which amount to about 3% of the country’s total scheduled flights. Flight tracking website Flightradar24 yesterday showed the skies over Pakistan and India’s western corridor, from Kashmir to Gujarat, almost entirely empty of civilian aircraft.Operation Sindoor impact: Full List of Airports ClosedIt’s important to plan your air travel carefully over the […]

[ad_1] Gold, which serves as a protection against economic and political uncertainty, typically shows positive performance when interest rates are low. (AI image) Gold rate today: Gold prices in India declined on Thursday despite global prices rising after the U.S. Federal Reserve highlighted concerns about increasing inflation and employment market challenges.Indian market participants remained wary before the upcoming U.S.-China trade discussions this weekend.International markets witnessed substantial gold appreciation. Spot gold increased by 1.4% to $3,409.76 an ounce, whilst U.S. gold futures advanced 0.7% to $3,416.70 at 0223 GMT. These increases followed the Federal Reserve's decision to maintain current interest rates, whilst cautioning about heightened risks of inflation and unemployment affecting the U.S. economic prospects.At 10:01 am, MCX June gold futures were valued at Rs 96,981 per 10 grams, showing a decrease of Rs 109 from the previous session. However, July […]

[ad_1] US President Donald Trump is expected to announce a "major" trade deal with a “big, and highly respected country” today in what he described as the "first of many" agreements to come.Though the country has not been officially revealed, many US media houses like New York Times and Politico are speculating the deal to be finalised with Britain. The outlets said that the US president will be disclosing the deal at a press conference in the Oval Office at 10:00 am (local time).While the full details of the agreement remain unclear, it is not yet known whether the two countries have finalised a formal deal or are preparing to present a framework for negotiations.The move comes amid growing concerns over global economic stability, with the Bank of England widely expected to cut interest rates later today as a precaution […]

[ad_1] Shares of Chinese defence manufacturing companies rallied on Wednesday, as the escalation in tensions between India and Pakistan boosted the outlook for exporters. Pakistan, which has imported a bulk of the defence equipment, claimed to have shot down Indian jets. This led to speculation that Chinese platforms may have been deployed in the conflict. [ad_2] Source link