WORLD
Jack Dorsey’s Block cutting up to 10% of staff in efficiency push
The company had fewer than 11,000 employees as of late-November, an executive said at the time.
WORLD
Washington Post CEO quits after cuts that led to Bezos backlash
Jeff D’Onofrio, a former Tumblr Inc. CEO who joined the Post last year as chief financial officer, is taking over as acting publisher and CEO effective immediately, the company said in a statement.
BUSINESS
India seeks to tax Jane Street’s profits: Report
Jane Street, which made nearly $7 billion in trading revenue in the third quarter, traded equities, stock futures and index options in India after it began operations following the pandemic.
BUSINESS
Trump removes India’s 25% Russia-related tariff after deal
India’s purchases of Russian oil have been a major point of discussion in trade talks between Washington and New Delhi.
BUSINESS
Nvidia-led boom to turn chips into trillion-dollar industry
Total industry sales were $791.7 billion in 2025 and are forecast to chalk up another 26% surge in 2026. On a regional basis, Asia-Pacific, the Americas, Europe and China posted growth, with only Japan declining.
BUSINESS
S&P 500, Nasdaq 100 jump more than 1% as tech-stock rout eases
Amazon shares plunged 7.0% on Friday, with the company announcing plans to spend $200 billion this year on data centers, chips and other equipment.
BANKING
Indian bonds decline as RBI refrains from fresh debt purchases
Lack of RBI buying may pile further pressure on bonds to extend losses as it has been a key source of demand in recent months, analysts said.
BUSINESS
Bitcoin bounces near $60,000 after 50% retreat from October peak
The original cryptocurrency fell as much as 4.8% to a fresh low of $60,033 on Friday morning, according to data compiled by Bloomberg
WORLD
AI race sends Big Tech’s capital spending to stratospheric high
The spending planned by Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp., all in pursuit of dominance in the still-nascent market for AI tools, is a boom without a parallel this century
BUSINESS
Silver extends plunge, wiping out gains in very volatile market
Spot silver tumbled to as low as $64 an ounce in early Asian trading
MARKETS
Asia stock selloff extends as tech, silver rout worsens
Asian shares fell as much as 1.1% after Wall Street gauges declined, with the Nasdaq 100 suffering its worst three-day rout since April’s meltdown
WORLD
Starmer says sorry to Epstein victims over Mandelson scandal
“I am sorry. Sorry for what was done to you. Sorry that so many people with power failed you. Sorry for having believed Mandelson’s lies and appointed him,” Starmer said
BUSINESS
Bank of England holds interest rates amid calls for faster cuts
Governor Andrew Bailey was once again the swing voter, choosing to leave rates unchanged this month having cut at the last meeting in December.
CRYPTOCURRENCY
Bitcoin falls below $70,000 as market faces a 'crisis of faith'
Bitcoin is hovering around the lowest levels since Donald Trump’s election win in November 2024.
BANKING
Hiring spree at Kotak Mahindra Bank means jobs for 500 engineers
India’s banking sector is ramping up investments in tech amid steady growth in deposits and buoyant credit activity
BUSINESS
Debate over teen social media use grows in key tech market India
Any move to limit access to platforms in India would be a blow to the likes of Meta's Instagram and Facebook, Snap's Snapchat, Elon Musk’s X and more
BUSINESS
JLR parent to start assembling Evoque in its new India plant
The first vehicle will roll out from parent Tata Motors Passenger Vehicles Ltd.’s Rs 9,000 crore Panapakkam plant in Tamil Nadu
MARKETS
STT increase in Budget 2026 shakes India’s $36 billion arbitrage trade
The government announced the decision in parliament on Sunday, saying the tax hike was aimed at curbing high-risk speculative trading in the options market
TECHNOLOGY
Trillion-dollar tech wipeout ensnares all stocks in AI’s path
The rout is hardly limited to US listed companies. London Stock Exchange Group Plc, Tata Consultancy Services Ltd. and Infosys Ltd. have all tumbled this week on AI displacement fears
CRYPTOCURRENCY
Bitcoin falls below $72,000 as market faces a ‘crisis of faith’
Bitcoin fell as low as $71,739 late Wednesday in New York. That’s the weakest level since Nov. 6, 2024, the day after Donald Trump was re-elected US president.
WORLD
Asian stocks to fall as tech-led drop gains pace
The Nasdaq 100 saw its worst two-day rout since October, breaching its 100-day moving average, a level seen by some technical analysts as a harbinger for more losses.
WORLD
Trump says he’ll stay out of the corporate fight over Warner Bros.
The president’s comments Wednesday mark a shift from past remarks in which he has said that he would be personally involved in reviewing any merger involving Warner Bros.
BUSINESS
Gold rises for a third day in recovery from historic market rout
At Wednesday’s close, the metal was down 11% from an all-time high hit on Jan. 29 but was still up 15% for the year. Silver also advanced, crossing $90 an ounce.
BUSINESS
EU unfreezes US trade deal after Trump’s Greenland u-turn
If the deal gets committee sign off, it would then face a full Parliament vote.
