Indianews Syndication

Bank of England allocates record £143.083 billion in weekly repo

LONDON, Oct 22 (Reuters) - The Bank of England announced on Thursday that it had allotted a record £143.083 billion…

2 weeks ago

Barclays to slash 5,000 jobs in AI-powered cost-cutting drive

By Lawrence White LONDON, Oct 22 (Reuters) - Barclays said it is cutting around 5,000 jobs or 5% of its…

2 weeks ago

SAP clients increasingly worry about AI models' origin, CFO says

By Leo Marchandon Oct 22 (Reuters) - Customers are increasingly asking where the AI inside their business software was built,…

2 weeks ago

LSEG CEO SCHWIMMER ON AI: WE'RE SEEING GREAT ADOPTION AND SEEING SIGNIFICANT SIGNS OF MONETIZATION AT THIS POINT, AND EXPECT THAT TO CONTINUE

LSEG CEO SCHWIMMER ON AI: WE'RE SEEING GREAT ADOPTION AND SEEING SIGNIFICANT SIGNS OF MONETIZATION AT THIS POINT, AND EXPECT…

2 weeks ago

UPDATE 4-Barclays to slash 5,000 jobs in AI-powered cost-cutting drive

* Pretax profit £2.3 billion for Q3, versus £2.1 billion a year ago * Cost-cutting drive to result in 5,000…

2 weeks ago

China Evergrande liquidators recover 1% of debt claims after 2-1/2 years

HONG KONG, Oct 22 (Reuters) - China Evergrande Group's liquidators have recovered $435.9 million from asset sales and loan recoveries…

2 weeks ago

Exclusive-TSMC seeks factory-equipment alternatives to thwart China's rare earths grip, sources say

By Wen-Yee Lee and Fanny Potkin TAIPEI/SINGAPORE, Oct 22 (Reuters) - Taiwan's TSMC is exploring alternatives to rare-earth components in…

2 weeks ago

Europe's STOXX 600 slips as mixed earnings and rising oil sour mood

* Nestle rises after better-than-expected third-quarter organic sales growth * Luxury stocks weaken after Hermes posts slightly softer quarterly revenue…

2 weeks ago

UPDATE 1-Westpac's latest job cuts not AI-driven, spokesperson says

* Westpac says ~140 roles affected this week are part of a broader restructure * A finance sector union says…

2 weeks ago

Response Fabrics Launches AI Fabric Visualizer for Smarter Material Selection

New digital platform lets users visualise fabrics and Leatherite finishes in real interiors, create projects, estimate quantities and order swatches…

2 weeks ago