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Stability AI to lay off staff weeks after founder Mostaque resigned as CEO

(Reuters) - Stability AI will lay off some of its staff as part of a restructuring process, according to a person familiar with the matter and an internal memo seen by Reuters on Thursday, weeks after

Binance working closely with Nigeria authorities to resolve exec’s detention, CEO says

By Federico Maccioni DUBAI (Reuters) - The CEO of cryptocurrency exchange Binance said on Thursday the company is working very closely with Nigerian authorities following the detention of its head of

Google terminates 28 employees for protest of Israeli cloud contract

(Reuters) - Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company's cloud contract with the Israeli government. The Alphabet unit said a

TSMC expects Q2 sales to jump on ‘insatiable’ AI demand

By Yimou Lee and Faith Hung TAIPEI (Reuters) -TSMC, the world's largest chipmaker and a major Apple and Nvidia supplier, forecast second-quarter sales may rise as much as 30% as it rides a wave of

Huawei starts sales of new Pura 70 smartphone to crowds amid chips scrutiny

By Josh Ye, David Kirton and Brenda Goh HONG KONG/SHENZHEN/SHANGHAI (Reuters) - Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series

Bosch flags further cost cuts after giving ‘subdued’ outlook for 2024

FRANKFURT (Reuters) - Bosch, the world's largest automotive supplier, on Thursday warned of further cost cuts and staff reductions, forecasting stagnating vehicle production that will keep a lid on

Binance obtains Dubai licence to target retail clients

DUBAI (Reuters) - Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai's regulator VARA that will allow the platform to target retail clients in addition to qualified

Nokia joins Ericsson in forecasting stronger second half after Q1 profit miss

(Reuters) -Finnish telecom gear maker Nokia reported on Thursday a smaller-than-expected rise in quarterly profit as sales tumbled because operators bought less 5G technology, but said it expected a

Nokia sees stronger H2 after Q1 comparable profit grows less than expected

(Reuters) -Finnish telecom gear maker Nokia reported on Thursday a smaller rise than expected in first-quarter comparable operating profit as sales tumbled when operators reduced spending on 5G

TSMC Q1 profit rises 9%, beats market expectations

TAIPEI (Reuters) - Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial

On Camera

New labour codes make India’s workforce competitive with China—and build Viksit Bharat

By consolidating 29 laws into four codes, compliance is streamlined and regulations are simplified, improving “ease of doing business”. This is bound to improve investor confidence.

Vehicles, TVs, mobile phones—PM EAC report shows rural India is catching up with urban consumers

Rural ownership of motor vehicles jumped from 19 percent in 2011-2012 to 59 percent in 2023-2024, while urban rose from 40 percent to 68 percent during the same time period, study by two members of PM-EAC says.

General secrets from frozen peaks: A Kargil veteran reveals what politically correct writers left out

At the Jindal Literature Festival, Maj Gen (Retd) Lakhwinder Singh reveals secrets from 25 years ago, speaking about the decision that outwitted Musharraf and changed the course of the war. 

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.