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T-Mobile’s hiring efforts take an unexpected turn after layoffs

T-Mobile’s hiring efforts take an unexpected turn after layoffs

T-Mobile is ramping up hiring even after carrying out multiple rounds of layoffs tied to its shift toward becoming a digital-first company.  After Sirini Gopalan became CEO of T-Mobile in November, the company quietly laid off an unknown number of employees the following month, impacting sales ...
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AirTrunk Announces $30 Billion Investment in AI Data Centers in India

AirTrunk Announces $30 Billion Investment in AI Data Centers in India

AirTrunk, a data center operator backed by Blackstone, has announced a significant investment of $30 billion in India by 2030. This investment aims to develop 5 gigawatts of new data center capacity, marking one of the largest commitments to India's digital infrastructure sector. The announcement follows a meeting between AirTrunk CEO Robin Khuda and Indian Prime Minister Narendra Modi, who expressed that this investment would bolster India's position as a global hub for cloud computing and artificial intelligence. AirTrunk's expansion in India began earlier this year with the acquisition of Lumina CloudInfra. The company plans to establish a 3GW data center in Maharashtra, with a development pipeline of about 600MW across Mumbai, Chennai, and Hyderabad.
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World shares mostly decline, with South Korea's Kospi down more than 5%

World shares mostly decline, with South Korea's Kospi down more than 5%

World shares are mostly lower and South Korea's benchmark dropped more than 5% after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures were also trading mixed, while oil prices slipped
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President Trump Makes Controversial Joke About Journalist's Accent

President Trump Makes Controversial Joke About Journalist's Accent

During a press event in the Oval Office, President Donald Trump made a controversial joke about the accent of an Indian journalist. The incident occurred when the journalist asked about Trump's relationship with Indian Prime Minister Narendra Modi. Trump jokingly questioned whether the journalist was from India or Germany, before remarking that the journalist was 'Central Casting,' implying he fit the typical image of an Indian man or reporter. This term, often used by Trump, suggests someone fits a stereotypical role. The incident follows Trump's previous use of the term to describe Chinese President Xi Jinping, highlighting his tendency to comment on appearances.
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Facebook Introduces Creator Assistant to Enhance Content Creation Experience

Facebook Introduces Creator Assistant to Enhance Content Creation Experience

Facebook Introduces Creator Assistant to Enhance Content Creation Experience
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RLC Summit in Milan Explores AI's Role in Global Luxury Markets

RLC Summit in Milan Explores AI's Role in Global Luxury Markets

RLC Summit in Milan Explores AI's Role in Global Luxury Markets
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Wall Street mixed in early trading as markets await government jobs data for May

Wall Street mixed in early trading as markets await government jobs data for May

Trading on Wall Street was mixed again as markets waited to comb through the latest U.S. jobs data for signs that the Iran war or AI are impacting companies’ hiring
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Australia's AirTrunk to invest $30 billion in India by 2030

Australia's AirTrunk to invest $30 billion in India by 2030

SYDNEY, June 5 (Reuters) - Australia's AirTrunk said on Friday it would invest $30 billion in India within the next four years to build out 5 gigawatts of new data centre capacity in the South Asian nation.
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Artefact Acquires OFI Services to Enhance AI-Driven Process Automation

Artefact Acquires OFI Services to Enhance AI-Driven Process Automation

Artefact Acquires OFI Services to Enhance AI-Driven Process Automation
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Unilever Opens Fragrance Hub in India to Boost Global Capabilities

Unilever Opens Fragrance Hub in India to Boost Global Capabilities

Unilever Opens Fragrance Hub in India to Boost Global Capabilities
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President Trump Rebuilds Tariff Strategy Using Section 301 of Trade Act

President Trump Rebuilds Tariff Strategy Using Section 301 of Trade Act

President Trump is pursuing a new wave of tariffs through Section 301 of the Trade Act of 1974, targeting 60 countries over forced labor concerns. The proposed tariffs range from 10% to 12.5%, affecting major trading partners like China, Brazil, Japan, and India. This approach follows legal setbacks, including a Supreme Court ruling against using emergency powers for tariffs. The tariffs are in a public comment period until July 6, with hearings scheduled for July 7. The administration aims to address forced labor issues and create a fair competitive environment for American workers.
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India Increases Venezuelan Oil Imports Amid U.S. Sanctions Easing

India Increases Venezuelan Oil Imports Amid U.S. Sanctions Easing

India has significantly increased its imports of Venezuelan crude oil, positioning Venezuela as a key supplier in India's strategy to diversify its energy sources. This development follows the easing of U.S. sanctions on Venezuela, which has allowed Indian refiners to access Venezuelan oil without the risk of secondary sanctions. Venezuela's crude export volumes have reached their highest level since 2018, marking a recovery from a period of low production. The strategic shift by India comes after disruptions in the Strait of Hormuz, which previously carried a significant portion of India's oil supply. The technical characteristics of Venezuelan crude align well with India's refinery infrastructure, which is equipped to process heavy, high-sulfur crude grades.