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Meta’s chief AI officer, Alexandr Wang, wrote in a memo to staff on Wednesday that the company will cut about 600 jobs from its superintelligence lab, according to a report from Axios. Meta declined to comment, but told TechCrunch that Axios’s reporting is accurate. As Meta, OpenAI, Anthropic, Google, and other companies race to build … Read more
US President Donald Trump and Indian Prime Minister Narendra Modi arrive to hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. Jim Watson | Afp | Getty Images The U.S. could substantially slash tariffs on Indian exports as New Delhi and Washington near a … Read more
For employees worried that AI agents could take their jobs, one of the field’s leading founders says the technology is still far from perfect. Andrej Karpathy, co-founder of OpenAI said it’s not the “year of agents”—and while he uses AI agent tools like Claude and Codex, they’re still way behind the work of humans. “They’re … Read more
More companies are announcing AI-driven layoffs from Salesforce to Accenture. Twenty20 From tech to airlines, large global companies have been slashing staff as the real-world impact of artificial intelligence plays out, spooking employees. But critics say AI has become an easy excuse for firms looking to downsize. Last month, tech consultancy firm Accenture announced a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard & Poors on Friday cut France’s credit rating on expectations that its debt will rise higher than previously anticipated in the coming years, heaping pressure on Prime Minister Sébastien Lecornu’s budget plans. S&P is … Read more
Now that the bull run is dead, will Fed Chair Jerome Powell do further rate cuts? This crash proved two things : 1. Always DCA into bitcoin2. Hold and assume it’s a lifetime investment Meanwhile, Powell signaled this week that the central bank could be nearing the end of its three-year effort to unwind the … Read more
Jars of Nescafe Instant coffee, part of food giant Nestle’s portfolio, sit on a supermarket shelf in Encinitas, California, U.S., September 2, 2025. Mike Blake | Reuters Nestle said Thursday it will cut 16,000 jobs as the firm’s new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant. In a bid … Read more
Federal Reserve Governor Stephen Miran said Wednesday that the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook and makes the case for rate cuts even more urgent. Speaking at the CNBC “Invest in America Forum” in Washington, D.C., the central bank policymaker noted the threat from … Read more
CHISWICK, ENGLAND – OCTOBER 09: Britain’s Chancellor of the Exchequer, Rachel Reeves visits the Sipsmith Distillery on October 09, 2025 in Chiswick, United Kingdom. The Chancellor’s visit is intended to highlight how the UK-India free trade agreement is boosting British business, and comes as Prime Minister Keir Starmer is in India promoting the new pact, … Read more
Federal Reserve Chair Jerome Powell is not known for giving decisive hints. Still, on Tuesday he did something rare: he openly acknowledged the rising “downside risks to unemployment” in a clearly dovish signal that the central bank is preparing to ease monetary policy. Powell’s speech, delivered at an event for the National Association for Business … Read more
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