Business

[ad_1] Fiverr CEO Micha Kaufman issued a stark warning to his employees, asking them to either adapt to artificial intelligence or risk being replaced by it.The message, which has surfaced across media and tech workers, reads more like a dystopian forecast than a standard corporate update. Before the mail went viral internally, Kaufman himself realised the possibility and posted the mail screenshots on the social media platform X.“Before it gets out somewhere else, this is an email I sent yesterday morning to my team. It applies equally to the freelance community”He began the “wake up call” with a dose of radical candour, rejecting the tendency to sugar-coat harsh realities, “The very basis for radical candor is care. You care enough about your friends and colleagues to tell them the truth because you want them to be able to understand it, […]

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Jubilant Ingreva, Adani Total Gas, and Southern Petro are the top stocks to buy today:JUBILANT INGREVA: BUY ABOVE ₹700 | Stop Loss: ₹640 | Target: ₹820Jubilant Ingreva is on the verge of a breakout from an inverse head and shoulders pattern on the daily chart, which is a strong bullish reversal structure. The stock has reclaimed its 200 DEMA, indicating a shift in medium-term trend.Notably, the RSI has also witnessed a range shift on the upside, further confirming momentum buildup. Traders are advised to buy the stock above ₹700, with a stop-loss at ₹640, and a near-term target of ₹820.ADANI TOTAL GAS (ATGL): BUY NEAR ₹630 | Stop Loss: ₹595 | Target: ₹710ATGL witnessed a […]

[ad_1] China’s economy is expected to undergo a major slowdown over the next two years, with GDP growth dipping below 4% as trade tensions intensify and global economic conditions weigh on investment and consumer confidence, a recent report by Moody’s Ratings said.The report projects Beijing’s real GDP growth for 2025 to stand at 3.8% and 3.9% in 2026, a sharp downgrade from its February projections of 4.5% and 4%, respectively. The outlook also falls well short of the Chinese government’s official 5% growth target. However, the country’s GDP rose by 5.4% year-on-year in the first quarter of 2025, indicating a strong start for the financial year. This early-year boost was largely driven by a surge in exports and a combination of government fiscal and monetary policies aimed towards stabilising growth. Fixed asset investment improved, property sector contraction eased, and credit […]

[ad_1] The central bank's income from foreign exchange reserves deployment in FY25 appears higher than the previous year, influenced by sustained elevated US treasury yields throughout several months, based on recent RBI data quoted by the Economic Times.This income, stemming from interest earnings on foreign assets, could contribute to an increase in the central bank's dividend payout to the government, which is already anticipated to be higher this year thanks to robust commissions from forex operations and interest income from government securities. However, analysts noted that accurately predicting the transfer amount could be challenging due to the complexity of provisioning exercises.During April-December 2024, interest earnings on RBI's foreign currency assets showed a 40 per cent increase to $17 billion compared to the previous year, as revealed in the central bank's recent breakdown of invisibles data.Historical assessment of RBI's financial statements […]

[ad_1] Paytm's parent company One97 Communications reported a reduced consolidated loss of Rs 545 crore for the quarter ending March 31, 2025, helped by lower payment processing charges and employee benefit expenses. The results include a notional, non-cash loss of Rs 522 crore, comprising Rs 492 crore in ESOP expenses and Rs 30 crore in impairments, following CEO Vijay Shekhar Sharma’s voluntary surrender of 2.1 crore shares. Excluding this exceptional item, the quarterly loss stood at Rs 23 crore. “Paytm’s PAT improved by Rs 185 crore quarter-over-quarter to a negative Rs 23 crore in Q4 FY25, excluding the one-time ESOP charge,” the company said in a release. Operational profit, excluding ESOP costs, rose to Rs 81 crore for the quarter. Employee expenses declined sharply to Rs 748.3 crore from Rs 1,104.4 crore a year earlier, with the company citing AI-driven […]

[ad_1] The United States recorded its highest trade deficit in March, with the total shortfall expanding by 14.0 percent to $140.5 billion, according to the latest government data released on Tuesday. This marks the largest trade deficit since 1992, reflecting a $17.3 billion increase from February’s revised figure of $123.2 billion. The Commerce Department's report highlights a surge in business activity as companies pulled forward industrial supplies and retailers stocked up on consumer goods ahead of anticipated tariffs. This spike in the trade gap occurred prior to President Donald Trump’s implementation of substantial tariffs on Chinese imports, alongside lower baseline duties of 10 percent on goods from most countries. The administration later raised tariffs on numerous nations, though these were suspended until July to allow for renegotiation of trade agreements. March’s trade deficit exceeded analysts' expectations, with forecasts from Dow […]

[ad_1] India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement's potential to enhance trade, investment, and employment. NEW DELHI: Following the finalisation of the India-UK Free Trade Agreement (FTA), Commerce Minister Piyush Goyal described it as a progressive initiative aimed at fostering growth, employment opportunities and innovation in India, while reflecting the nation's growing economic influence globally."Under the guidance, leadership, and constant encouragement of Hon'ble PM Narendra Modi ji, India achieves another historic milestone. The India-UK FTA, along with a Double Contribution Convention, is a bold, future-ready step that will unlock growth, jobs, and innovation--accelerating our journey towards ViksitBharat2047. A true reflection of India's rising global […]

[ad_1] PWC to lay off employees in US PwC, one of the Big Four accounting firms, has announced a reduction of approximately 1,500 positions across its United States operations, as confirmed by a company representative to Reuters on Monday.The staff reduction represents about 2 per cent of the company's United States workforce, according to the spokesperson.The firm currently maintains a workforce exceeding 75,000 personnel in the United States. "This was a difficult decision, and we made it with care, thoughtfulness, and a deep awareness of its impact on our people, appreciating that historically low levels of attrition over consecutive years have made it necessary to take this step", PwC said in its statement.Reuters had previously reported in the previous year about PwC's consideration to reduce up to 50% of its financial services audit personnel in China, amidst challenging business conditions […]

[ad_1] US stock markets opens at a low Wall Street opened lower for a second consecutive day on Tuesday, with technology stocks leading the decline. The S&P 500 dropped 0.7 per cent, ending its nine-day positive streak. The Dow Jones Industrial Average fell 255 points (0.6 per cent), while the Nasdaq composite declined 1 per cent. This drop coincided with the start of the Federal Reserve's two-day meeting, where officials are expected to keep interest rates unchanged. The Fed had implemented three rate cuts last year, but concerns about potential inflation, influenced by uncertainty surrounding President Donald Trump's tariffs, remain. "Traders appear to be taking profits and moving to the sidelines ahead of the Federal Reserve's FOMC meeting," said David Morrison, senior market analyst at Trade Nation.Analysts anticipate the Fed will hold its benchmark interest rate steady for the third […]

[ad_1] Representative AI image (Credit: Meta AI) Tourism in China saw a notable rise with increased consumer spending during the five-day Labour Day holiday; however, Chinese social media users questioned these statistics, citing various economic issues and declining exports, according to Radio Free Asia (RFA), quoted by ANI.According to China's ministry of transport data, daily cross-regional passenger travel averaged 293 million trips, showing an 8 per cent increase from the previous year, whilst major retail and dining sectors recorded 6.3 per cent revenue growth during the holiday period, RFA reported.Despite state media accounts, actual consumer sentiment and market performance during this year's May Day holiday period appeared considerably weaker than previous years. Popular shopping districts showed reduced footfall, with cost-conscious holidaymakers selecting more economical transport options, as per the RFA report.The RFA report cited netizens' observations that middle and lower-income […]