Liquidators of troubled property giant China Evergrande Group have launched legal action against PricewaterhouseCoopers, accusing the auditing firm of "negligence" and "misrepresentation" over its work for the company, according to the Financial Times.

Liquidators of China Evergrande sue PwC over alleged negligence, misrepresentation

Illumina, the biggest seller of gene sequencing machines, gave a weak outlook for sales in its central business in 2024. According to the company, genetic testing instruments will continue to see lacklustre demand all year.

Illumina says slumping sales in core segment expected as demand softens, economy weighs

A senior executive at Nomura Holdings Inc. defended the Bank of Japan's decision to raise interest rates last week despite the turmoil it's causing in global equity markets.

BOJ's rate hike spurs market mayhem as Nomura takes historic tumble

The International Monetary Fund announced on Tuesday that it has reached "preliminary understandings" with El Salvador to make economic growth and fiscal stability more forceful.

IMF, El Salvador agree on preliminary accord to strengthen economic stability, fiscal health

Microsoft and CrowdStrike, a cybersecurity company, have joined forces in a bid to debunk allegations by Delta Air Lines that the two firms were to blame for last month's tech outage that grounded thousands of flights.

Microsoft, CrowdStrike in a row with Delta over pricey outage fallout

According to a report from the Federal Reserve Bank of New York on Tuesday, US household debt ticked higher in the second quarter of 2024, but the overall delinquency rates were steady.

US household debt edges up, delinquency rates stabilise

ByteDance has added a new tool to its spectrum of offered software: turning text prompts into videos. It allows entry into a new market and joining a long list of companies, including OpenAI, maker of ChatGPT.

ByteDance expands into text-to-video market with new AI tool

The US judge ruled on Monday that Google broke antitrust laws by spending billions of dollars on creating an illegal monopoly for becoming the default search engine all over the world.

Judge rules Google violated antitrust laws, paving way for potential breakup

Global stocks gained ground after a deep selloff across markets from Tokyo to London to New York on Monday. Japanese stocks powered higher, leading gains in Asia.

Global markets rally at open after sliding on Monday

US stock index futures plunged on Monday, with Nasdaq futures down almost 4 per cent, following warnings of a possible recession in the United States that sent shock waves across global markets.

US stock futures plunge as recession fears grip global markets

Apple and Nvidia led a plunge in tech shares on Monday, driven by worries over a US recession and a Berkshire Hathaway move to cut its stake in Apple. The fall is a sharp reversal after months of technology sector rise.

Tech stocks plunge amid US recession fears

Elon Musk filed another lawsuit against OpenAI and its chief executive, Sam Altman, over concerns that the company is prioritising profits and business interests over public welfare.

Elon Musk revives lawsuit against OpenAI and CEO Sam Altman

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Zee News Rajasthan

Editor

Hardik Bhardwaj

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