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Amazon is going against the conventional process of carbon offset validation that may create differentiated markets with higher risks regarding quality.

The company additionally launched its own standard known as Abacus, which was developed jointly with a carbon registry named Verra to avoid the use of a system created by the Integrity Council for the Voluntary Carbon Market (ICVCM).

Interestingly, Jeff Bezos, the founder and the executive chair of Amazon supports ICVCM through his Earth Fund.

According to Amazon, Abacus is inherently a loftier standard that guarantees that the carbon offset projects provide the intended and substantiated effect.

These offsets are thus planned to be used by the company to offer net-zero emissions by the year 2040.

Nonetheless, some analysts such as Pedro Martins Barata, the co-chair of ICVCM’s group of experts, believe that this action threatens to confuse the market where various companies are likely to develop their own standards.

Barata wants to see Abacus get integrated into the system that ICVCM uses to bring the format they both use into parity.

Thus, the overall, primary voluntary carbon offset market is still not very vast, and there are doubts about some of the projects claiming that they reduce emissions.

Amazon, therefore, plans to do this amid this fact while some experts have hailed the measures of Abacus as increased transparency, they have further queried its permanence assurance.

The environmental lobby also brought out their concerns. Carbon Market Watch’s Gilles Dufrasne details that firms might view purchasing offsets as an opportunity to neglect actual efforts at emission reduction.

Verra is optimistic that the label is soon going to be out; probably in several weeks. Despite this, some people view Abacus as an advantage that will lead to the market’s development.

Eron Bloomgarden, the founder of a non-profit organisation for forest conservation funding, Emergent, opines that, besides Abacus and other tools that have been developed, there are sizable problems that cannot be solved without international recognition.

(With inputs from Reuters)

Amazon is going against the conventional process of carbon offset validation that may create differentiated markets with higher risks regarding quality. The company additionally launched its own standard known as Abacus, which was developed jointly with a carbon registry named Verra to avoid the use of a system created by the Integrity Council for the Voluntary Carbon Market (ICVCM).

Amazon is going against the conventional process of carbon offset validation that may create differentiated markets with higher risks regarding quality. The company additionally launched its own standard known as Abacus, which was developed jointly with a carbon registry named Verra to avoid the use of a system created by the Integrity Council for the Voluntary Carbon Market (ICVCM). Interestingly, Jeff Bezos, the founder and the executive chair of Amazon supports ICVCM through his Earth Fund. According to Amazon, Abacus is inherently a loftier standard that guarantees that the carbon offset projects provide the intended and substantiated effect. These offsets are thus planned to be used by the company to offer net-zero emissions by the year 2040. Nonetheless, some analysts such as Pedro Martins Barata, the co-chair of ICVCM’s group of experts, believe that this action threatens to confuse the market where various companies are likely to develop their own standards. Barata wants to see Abacus get integrated into the system that ICVCM uses to bring the format they both use into parity. Thus, the overall, primary voluntary carbon offset market is still not very vast, and there are doubts about some of the projects claiming that they reduce emissions. Amazon, therefore, plans to do this amid this fact while some experts have hailed the measures of Abacus as increased transparency, they have further queried its permanence assurance. The environmental lobby also brought out their concerns. Carbon Market Watch’s Gilles Dufrasne details that firms might view purchasing offsets as an opportunity to neglect actual efforts at emission reduction. Verra is optimistic that the label is soon going to be out; probably in several weeks. Despite this, some people view Abacus as an advantage that will lead to the market’s development. Eron Bloomgarden, the founder of a non-profit organisation for forest conservation funding, Emergent, opines that, besides Abacus and other tools that have been developed, there are sizable problems that cannot be solved without international recognition. (With inputs from Reuters)

Amazon develops new carbon offset standard, raising concerns about market confusion

South Korea’s consumer inflation fell to the lowest level in eleven months in June, thus giving a hint to the policymakers.

The domestic aspect showed slight annual inflation of the consumer price index in the region at 2.5 per cent year-on-year in June from 2.3 per cent in May, representing the slowest inflation rate since July 2023.

This fell below the median estimate of 2.7 per cent forecast by economists through the averages from the Reuters poll.

According to the country’s vice finance minister, inflation may settle at a low-to-mid 2 per cent level possibly towards the second semester.

It also promised to sustain measures for regulating prices that have prevailed over the previous six months.

Bank of Korea (BOK) recognised the recent change in the inflation rate as good news as it is now in the mid-2 per cent region.

The inflation rate will be observed, specifically, its approach to the target level of 2 per cent. Notably, the CPI also fell to a minus of 0. 2 per cent lower than in the previous month, which was the first time drop in seven months.

Cuts in the global agricultural and petroleum prices helped to push the index down. In April, Governor Rhee Chang-yong of BOK stated that consumer inflation would also persist to ease hence fuelling expectations by persons of rate cuts for the BOK by the close of the year.

The BOK decided to leave its interest rates unchanged for the eleventh time in a row in May next meeting is due on July 11, 2012. 
&nbsp; 
The annual measures of core CPI that leave out the fluctuating food and energy prices remained steady with 2.2 per cent annualised month-on-month basis in June to 2 per cent year-on-year.

(With inputs from Reuters)

South Korea’s consumer inflation fell to the lowest level in eleven months in June, thus giving a hint to the policymakers. The domestic aspect showed slight annual inflation of the consumer price index in the region at 2.

South Korea’s consumer inflation fell to the lowest level in eleven months in June, thus giving a hint to the policymakers. The domestic aspect showed slight annual inflation of the consumer price index in the region at 2.5 per cent year-on-year in June from 2.3 per cent in May, representing the slowest inflation rate since July 2023. This fell below the median estimate of 2.7 per cent forecast by economists through the averages from the Reuters poll. According to the country’s vice finance minister, inflation may settle at a low-to-mid 2 per cent level possibly towards the second semester. It also promised to sustain measures for regulating prices that have prevailed over the previous six months. Bank of Korea (BOK) recognised the recent change in the inflation rate as good news as it is now in the mid-2 per cent region. The inflation rate will be observed, specifically, its approach to the target level of 2 per cent. Notably, the CPI also fell to a minus of 0. 2 per cent lower than in the previous month, which was the first time drop in seven months. Cuts in the global agricultural and petroleum prices helped to push the index down. In April, Governor Rhee Chang-yong of BOK stated that consumer inflation would also persist to ease hence fuelling expectations by persons of rate cuts for the BOK by the close of the year. The BOK decided to leave its interest rates unchanged for the eleventh time in a row in May next meeting is due on July 11, 2012. The annual measures of core CPI that leave out the fluctuating food and energy prices remained steady with 2.2 per cent annualised month-on-month basis in June to 2 per cent year-on-year. (With inputs from Reuters)

South Korea's inflation slows to 11-month low, raising hopes for rate cuts

The European Central Bank (ECB) will probably reduce interest rates further this year, with any additional easing contingent on inflation declining towards its 2 per cent target, a policymaker was quoted to have said.

The ECB cut rates in June but said it would not do so again as inflation was already above 2 per cent and there was significant doubt whether the target would be met.

While recent statistics paint a picture of continued wage and service price growth, Belgium’s central bank governor, Pierre Wunsch agrees that the initial cuts were simple decisions.

Wunsch said a second-rate cut is likely “if we have no major negative surprises” based on current forecasts. He dismissed it as a statement that the ECB can wait until September for improved projections.

Although inflation is expected to have eased marginally in June, the ECB is expecting a volatile trend from here on, possibly remaining at these levels for the rest of the year.

This could delay further cuts until a more distinct downward trend towards 2 per cent emerges. “To continue with cuts, I would need to be more confident that inflation is declining from 2. 5 per cent towards something closer to 2 per cent,” Wunsch said.

He raised worries about taking real interest rates below 1 per cent. At the moment, the ECB’s deposit rate stands at 3 per cent. 75 per cent, and markets expect one or two more this year, implying that there can be four cuts within the next 18 months.

The economic trends suggest slow economic growth and sound markets, although France elects a far-right president. Wunsch admitted there might be more political instability as several countries are in for necessary fiscal correction after years of fiscal recklessness. 
“We now have five countries in excessive deficit procedures,” Wunsch said. “It will be difficult for all of them.” 
Nevertheless, Wunsch was scathing of the suggestion that the ECB would have to turn to buying bonds in an emergency due to political market pressure.

Recent events have not represented unwarranted and disorderly market moves before intervention, and this is supported by the ECB officials.

‘We need to avoid any appearance of predictability; we cannot afford to imply any kind of mechanistic restrictions on our behaviour,’ Wunsch said. ’The judgment call depends on whether market movements are erratic and excessive’.

The European Central Bank (ECB) will probably reduce interest rates further this year, with any additional easing contingent on inflation declining towards its 2 per cent target, a policymaker was quoted to have said.

The European Central Bank (ECB) will probably reduce interest rates further this year, with any additional easing contingent on inflation declining towards its 2 per cent target, a policymaker was quoted to have said. The ECB cut rates in June but said it would not do so again as inflation was already above 2 per cent and there was significant doubt whether the target would be met. While recent statistics paint a picture of continued wage and service price growth, Belgium’s central bank governor, Pierre Wunsch agrees that the initial cuts were simple decisions. Wunsch said a second-rate cut is likely “if we have no major negative surprises” based on current forecasts. He dismissed it as a statement that the ECB can wait until September for improved projections. Although inflation is expected to have eased marginally in June, the ECB is expecting a volatile trend from here on, possibly remaining at these levels for the rest of the year. This could delay further cuts until a more distinct downward trend towards 2 per cent emerges. “To continue with cuts, I would need to be more confident that inflation is declining from 2. 5 per cent towards something closer to 2 per cent,” Wunsch said. He raised worries about taking real interest rates below 1 per cent. At the moment, the ECB’s deposit rate stands at 3 per cent. 75 per cent, and markets expect one or two more this year, implying that there can be four cuts within the next 18 months. The economic trends suggest slow economic growth and sound markets, although France elects a far-right president. Wunsch admitted there might be more political instability as several countries are in for necessary fiscal correction after years of fiscal recklessness. “We now have five countries in excessive deficit procedures,” Wunsch said. “It will be difficult for all of them.” Nevertheless, Wunsch was scathing of the suggestion that the ECB would have to turn to buying bonds in an emergency due to political market pressure. Recent events have not represented unwarranted and disorderly market moves before intervention, and this is supported by the ECB officials. ‘We need to avoid any appearance of predictability; we cannot afford to imply any kind of mechanistic restrictions on our behaviour,’ Wunsch said. ’The judgment call depends on whether market movements are erratic and excessive’.

ECB considers further rate cuts, but eyes inflation target

Japan's economy shrank more than expected in the March quarter of 2024. Unscheduled revision to gross domestic data (GDP) has worsened the outlook of an already fragile economy. This revision can affect quarterly projects due later this month and subsequently affect the timing of interest rate cuts.

The Bank of Japan is facing multiple issues. Weakening currency and falling economic output are hurting growth prospects. The country is already reeling with older demographics and falling demand. <a href="https://www.wionews.com/business-economy/japans-stock-rally-expected-to-slow-investors-eye-rivals-as-yen-weakens-and-economy-slows-736483">The stock rally</a> is also expected to slow in the latter half of 2024.

According to the latest correction, Japan's real GDP for the months of January to March is 2.9 per cent, instead of the contraction of 1.8 per cent reported before. Earlier GDP projections have also been revised downward, worsening the prospects of an economic recovery. This correction was in the construction order data.

Meanwhile, Japan's land prices rose at the fastest pace since 2010. A brief tourism revival after COVID boosted demand for shopping areas &amp; entertainment complexes. According to Reuters, Tokyo's Ginza shopping area is still the most expensive location in Japan for the 39th straight year.

A weakening yen has also boosted inbound tourism. The country recorded more than 3 million visitors for a third consecutive month in May.&nbsp;

Japan's economy shrank more than expected in the March quarter of 2024. Unscheduled revision to gross domestic data (GDP) has worsened the outlook of an already fragile economy.

Japan's economy shrank more than expected in the March quarter of 2024. Unscheduled revision to gross domestic data (GDP) has worsened the outlook of an already fragile economy. This revision can affect quarterly projects due later this month and subsequently affect the timing of interest rate cuts. The Bank of Japan is facing multiple issues. Weakening currency and falling economic output are hurting growth prospects. The country is already reeling with older demographics and falling demand. The stock rally is also expected to slow in the latter half of 2024. According to the latest correction, Japan's real GDP for the months of January to March is 2.9 per cent, instead of the contraction of 1.8 per cent reported before. Earlier GDP projections have also been revised downward, worsening the prospects of an economic recovery. This correction was in the construction order data. Meanwhile, Japan's land prices rose at the fastest pace since 2010. A brief tourism revival after COVID boosted demand for shopping areas & entertainment complexes. According to Reuters, Tokyo's Ginza shopping area is still the most expensive location in Japan for the 39th straight year. A weakening yen has also boosted inbound tourism. The country recorded more than 3 million visitors for a third consecutive month in May.

Japan downgrades GDP numbers for the March quarter amid data corrections

Exchange-traded funds (ETFs) have majorly boosted cryptocurrency prospects in 2024. Major economies and stock markets have expressed interest in ETFs. BlackRock now becomes the latest asset manager to launch ETFs with a 100 per cent downside hedge for investors looking to tap into this booming market.&nbsp;

These risk-managed ETFs help maximise returns and also provide security over a specific period. Investors are now eyeing multiple options as concerns over a slowing economy can potentially hurt market sentiments. Buffer ETFs typically see lower redemption requests during volatility in contrast to traditional ETFs.&nbsp;

The iShares large Cap Max Buffer Jun ETF started trading on Monday under the symbol, 'MAXJ', with a net expense ratio of 0.50 per cent. The asset manager will provide a 100 per cent hedge to all downside for almost a year. Bloomberg Intelligence data shows that assets in buffer ETFs have tripled since October 2022. The first buffer ETF was launched in 2018 and comprises over $46 billion across 270 funds.&nbsp;

BlackRock currently manages $25 billion in assets under management across more than 40 active ETFs in the US, according to Reuters. The company is reportedly planning to issue the ETF in a series, with the next one expected to debut on Oct 1, according to MoneyControl.&nbsp;

Exchange-traded funds (ETFs) have majorly boosted cryptocurrency prospects in 2024. Major economies and stock markets have expressed interest in ETFs. BlackRock now becomes the latest asset manager to launch ETFs with a 100 per cent downside hedge for investors looking to tap into this booming market.

Exchange-traded funds (ETFs) have majorly boosted cryptocurrency prospects in 2024. Major economies and stock markets have expressed interest in ETFs. BlackRock now becomes the latest asset manager to launch ETFs with a 100 per cent downside hedge for investors looking to tap into this booming market. These risk-managed ETFs help maximise returns and also provide security over a specific period. Investors are now eyeing multiple options as concerns over a slowing economy can potentially hurt market sentiments. Buffer ETFs typically see lower redemption requests during volatility in contrast to traditional ETFs. The iShares large Cap Max Buffer Jun ETF started trading on Monday under the symbol, 'MAXJ', with a net expense ratio of 0.50 per cent. The asset manager will provide a 100 per cent hedge to all downside for almost a year. Bloomberg Intelligence data shows that assets in buffer ETFs have tripled since October 2022. The first buffer ETF was launched in 2018 and comprises over $46 billion across 270 funds. BlackRock currently manages $25 billion in assets under management across more than 40 active ETFs in the US, according to Reuters. The company is reportedly planning to issue the ETF in a series, with the next one expected to debut on Oct 1, according to MoneyControl.

BlackRock launches stock ETF with 100% downside hedge

While tech firms within the 'Magnificent 7' stocks are witnessing a great upswing, Tesla has experienced an equally historic downfall. The company has lost a quarter of its value in 2024 and is the worst-performing stock on the S&amp;P 500.

Tesla's June-quarter deliveries fell 3.7 per cent, according to Reuters. This marks the first time Tesla has posted two straight quarters of decline. Tesla has faced multiple issues, along with troubles in China and slowing demand. Consumers are reportedly shifting to cheaper hybrid options, which has left Tesla's expensive inventory in the dust. To compete in this aggressive market, Tesla has tried price cuts and incentives. This has further hurt the company's balance sheets.

Tesla's CEO, Elon Musk, recently got his record $56 billion pay package approved by his shareholders. Musk had earlier announced plans to focus on robotaxis, which got investors concerned over the company's future prospects and the imperfection of autonomous technology.&nbsp;

Analysts are now expecting Tesla to post its first annual sales drop this year. Earlier, in the January-March quarter, deliveries dropped by the most in nearly four years. Sales are in decline across geographies, including in Europe, where sales fell 36 per cent in May.&nbsp;

Similarly in China, Tesla has been struggling to hold ground amid stiff competition from domestic EV makers. Elon Musk recently visited the country to improve the outlook in the largest car market in the world. Despite gaining some approvals, Musk's visit did not improve sales. Tesla's cost-cutting strategy to gain market share is surely a major shift for a brand known for its 'premium-ness'.

Tesla expects to unveil robotaxis on August 8 as it seeks to introduce its 'Full Self-Driving' software.

While tech firms within the 'Magnificent 7' stocks are witnessing a great upswing, Tesla has experienced an equally historic downfall. The company has lost a quarter of its value in 2024 and is the worst-performing stock on the S&P 500.

While tech firms within the 'Magnificent 7' stocks are witnessing a great upswing, Tesla has experienced an equally historic downfall. The company has lost a quarter of its value in 2024 and is the worst-performing stock on the S&P 500. Tesla's June-quarter deliveries fell 3.7 per cent, according to Reuters. This marks the first time Tesla has posted two straight quarters of decline. Tesla has faced multiple issues, along with troubles in China and slowing demand. Consumers are reportedly shifting to cheaper hybrid options, which has left Tesla's expensive inventory in the dust. To compete in this aggressive market, Tesla has tried price cuts and incentives. This has further hurt the company's balance sheets. Tesla's CEO, Elon Musk, recently got his record $56 billion pay package approved by his shareholders. Musk had earlier announced plans to focus on robotaxis, which got investors concerned over the company's future prospects and the imperfection of autonomous technology. Analysts are now expecting Tesla to post its first annual sales drop this year. Earlier, in the January-March quarter, deliveries dropped by the most in nearly four years. Sales are in decline across geographies, including in Europe, where sales fell 36 per cent in May. Similarly in China, Tesla has been struggling to hold ground amid stiff competition from domestic EV makers. Elon Musk recently visited the country to improve the outlook in the largest car market in the world. Despite gaining some approvals, Musk's visit did not improve sales. Tesla's cost-cutting strategy to gain market share is surely a major shift for a brand known for its 'premium-ness'. Tesla expects to unveil robotaxis on August 8 as it seeks to introduce its 'Full Self-Driving' software.

Tesla deliveries continue to fall in 2024

AI-driven tech rally continues its dream run in June. The month witnessed Nvidia briefly overtaking Microsoft to become the most valuable company in the world. Nvidia's shares surged 27 per cent in June, boosting its market value to over $3.3 trillion. It was, however, followed by a $430 billion slump.

Microsoft's market value increased by 7.6 per cent, while that of Apple surged 9.6 per cent over the past month. Amazon recently became the fifth company to cross the $2 trillion mark. All these big tech firms are riding high on the AI boom.

Investors are betting on AI as the future of work, and this has got all the big tech firms working overtime. Countries are ready to escalate trade tensions as they look to protect their AI technologies. This highlights the geopolitical importance of winning in the AI race.&nbsp;

Broadcom's market value also jumped 20 per cent in June after increasing its annual revenue forecast for AI-related chips by 10 per cent. 7 out of 10 top companies in the world are tech-related. <a href="https://www.wionews.com/business-economy/global-markets-roundup-tech-rally-leads-global-markets-in-2024-736244">Global stocks have also hit record highs</a> amid the AI rally.&nbsp;

Despite the flight, analysts are looking at potential gaps. Some point to the fact that only the top AI firms are winning, while competition in the mid-range is heating up. This is leading to uneven growth and winning for a few big tech firms. However, analysts at Morgan Stanley point to the exponential growth observed within the top 500 stocks.

AI-driven tech rally continues its dream run in June. The month witnessed Nvidia briefly overtaking Microsoft to become the most valuable company in the world. Nvidia's shares surged 27 per cent in June, boosting its market value to over $3.

AI-driven tech rally continues its dream run in June. The month witnessed Nvidia briefly overtaking Microsoft to become the most valuable company in the world. Nvidia's shares surged 27 per cent in June, boosting its market value to over $3.3 trillion. It was, however, followed by a $430 billion slump. Microsoft's market value increased by 7.6 per cent, while that of Apple surged 9.6 per cent over the past month. Amazon recently became the fifth company to cross the $2 trillion mark. All these big tech firms are riding high on the AI boom. Investors are betting on AI as the future of work, and this has got all the big tech firms working overtime. Countries are ready to escalate trade tensions as they look to protect their AI technologies. This highlights the geopolitical importance of winning in the AI race. Broadcom's market value also jumped 20 per cent in June after increasing its annual revenue forecast for AI-related chips by 10 per cent. 7 out of 10 top companies in the world are tech-related. Global stocks have also hit record highs amid the AI rally. Despite the flight, analysts are looking at potential gaps. Some point to the fact that only the top AI firms are winning, while competition in the mid-range is heating up. This is leading to uneven growth and winning for a few big tech firms. However, analysts at Morgan Stanley point to the exponential growth observed within the top 500 stocks.

AI-focused firms see big jump in Market cap in June

Boeing has reached a deal to acquire Spirit AeroSystems for $4.7 billion, according to Reuters. This ends month-long discussions on a deal that would aid an otherwise ailing company. Spirit was the manufacturer of the door plug involved in the January incident involving an Alaska Airlines plane. Spirit, along with Boeing, has faced intense regulatory scrutiny after the incident. It has also affected business as the production of both Boeing and Airbus plummeted.

Boeing will reportedly pay $37.25 per share for Spirit Aero in an all-stock deal. The official announcement is yet to come. Boeing is set to assume about $3.5 billion of Spirit's debt as part of the deal. The company already showed $4 billion in losses in the first quarter, with similar expectations for the next. The planemaker's credit rating is just one level above 'speculative grade'.

Homecoming

Spirit AeroSystems was part of Boeing till 2005 when it was spun off as a separate entity. Cut to 2024, and Boeing is facing a terrible year. Integrating with its supplier can potentially offset some losses for the company. The deal, however, is subject to regulatory approvals. Airbus is also set to get a piece of the pie.

Meanwhile, Boeing is facing legal heat with the Justice Department over settlement violations in the 2018 and 2019 crashes. Prosecutors are currently in discussion with Boeing and the victims' relatives to reach a possible solution. The victims and prosecutors have reportedly urged the Justice Department to penalise Boeing for the disaster.

The key question remains: Can integrating with Spirit AeroSystems help Boeing? Nothing will help if Boeing is convicted of criminal charges on July 7.

Boeing has reached a deal to acquire Spirit AeroSystems for $4.7 billion, according to Reuters. This ends month-long discussions on a deal that would aid an otherwise ailing company.

Boeing has reached a deal to acquire Spirit AeroSystems for $4.7 billion, according to Reuters. This ends month-long discussions on a deal that would aid an otherwise ailing company. Spirit was the manufacturer of the door plug involved in the January incident involving an Alaska Airlines plane. Spirit, along with Boeing, has faced intense regulatory scrutiny after the incident. It has also affected business as the production of both Boeing and Airbus plummeted. Boeing will reportedly pay $37.25 per share for Spirit Aero in an all-stock deal. The official announcement is yet to come. Boeing is set to assume about $3.5 billion of Spirit's debt as part of the deal. The company already showed $4 billion in losses in the first quarter, with similar expectations for the next. The planemaker's credit rating is just one level above 'speculative grade'. Homecoming Spirit AeroSystems was part of Boeing till 2005 when it was spun off as a separate entity. Cut to 2024, and Boeing is facing a terrible year. Integrating with its supplier can potentially offset some losses for the company. The deal, however, is subject to regulatory approvals. Airbus is also set to get a piece of the pie. Meanwhile, Boeing is facing legal heat with the Justice Department over settlement violations in the 2018 and 2019 crashes. Prosecutors are currently in discussion with Boeing and the victims' relatives to reach a possible solution. The victims and prosecutors have reportedly urged the Justice Department to penalise Boeing for the disaster. The key question remains: Can integrating with Spirit AeroSystems help Boeing? Nothing will help if Boeing is convicted of criminal charges on July 7.

Boeing agrees to buy Spirit AeroSystems for $4.7 billion

The upskilling of India's workforce&nbsp;with the deployment of Artificial Intelligence tools is redefining the workplaces of 2024 in the world's third largest economy. The Indian workforce is adding&nbsp;AI into their existing skill set at a meteoric speed, WION has <a href="https://www.wionews.com/business-economy/india-ranks-among-top-5-nations-for-rapidly-growing-ai-talent-linkedin-report-629071">reported</a> in the past.&nbsp;

Now it has emerged that for India's workplaces that are opting for AI in their work processes, the AI core skills feature among the top 5 most in-demand skills.

According to an Indeed report, most wanted skills for AI jobs in India are Machine learning, Python, AI core skills, Communication skills, and Natural language processing.&nbsp;

<h2>India's AI market</h2>

According to projections by the National Association of Software and Service Companies (NASSCOM) and Boston Consulting Group (BCG), India's AI market is experiencing explosive growth. It is expected to reach $17 billion&nbsp;by 2027, driven by a 25-35 per cent Compound Annual Growth Rate (CAGR).&nbsp;

<img alt="India's booming AI market" data-entity-type="file" data-entity-uuid="f6c5cee1-1597-48a3-95bb-cb20384d5b18" src="//cdn.wionews.com/sites/default/files/inline-images/AI%20workforce.png" />

However, this rapid expansion is creating a significant skills gap between the existing workforce and the <a href="https://www.wionews.com/technology/ai-savvy-gen-z-workers-likely-to-outpace-older-generations-at-workplace-study-734124">AI-savvy Gen-Z workforce</a> that's entering the job market.&nbsp;

To bridge this gap and thrive in the AI era, it is crucial for job seekers to be aware of and acquire the most in-demand AI skills. &nbsp;

<h2>Most in-demand AI skills in Indian job market</h2>

Indeed’s data points out that 42 per cent&nbsp;of generative AI jobs in India mention “Machine learning”,&nbsp;while 40 per cent ask for “Python” skills. Python is highly valued for its flexibility in AI and machine learning. AI core skills and communication skills are also sought after, appearing in 36 per cent and 23 per cent of job ads, respectively.

Other skills that are in demand are Natural language processing (20 per cent), TensorFlow (19 per cent), and Data Science (17 per cent).&nbsp;

<table border="0" cellpadding="0" cellspacing="0">
	<tbody>
		<tr>
			<td valign="bottom">Rank</td>
			<td valign="bottom">
			Skill
			</td>
			<td valign="bottom">
			&nbsp;Percentage&nbsp;of job postings
			</td>
		</tr>
		<tr>
			<td valign="top">
			1
			</td>
			<td valign="bottom">
			Machine learning
			</td>
			<td valign="bottom">
			42%
			</td>
		</tr>
		<tr>
			<td valign="top">
			2
			</td>
			<td valign="bottom">
			Python
			</td>
			<td valign="bottom">
			40%
			</td>
		</tr>
		<tr>
			<td valign="top">
			3
			</td>
			<td valign="bottom">
			AI core
			</td>
			<td valign="bottom">
			36%
			</td>
		</tr>
		<tr>
			<td valign="top">
			4
			</td>
			<td valign="bottom">
			Communication skills
			</td>
			<td valign="bottom">
			23%
			</td>
		</tr>
		<tr>
			<td valign="top">
			5
			</td>
			<td valign="bottom">
			Natural language processing
			</td>
			<td valign="bottom">
			20%
			</td>
		</tr>
		<tr>
			<td valign="top">
			6
			</td>
			<td valign="bottom">
			TensorFlow
			</td>
			<td valign="bottom">
			19%
			</td>
		</tr>
		<tr>
			<td valign="top">
			7
			</td>
			<td valign="bottom">
			Data Science
			</td>
			<td valign="bottom">
			17%
			</td>
		</tr>
		<tr>
			<td valign="top">
			8
			</td>
			<td valign="bottom">
			AWS
			</td>
			<td valign="bottom">
			14%
			</td>
		</tr>
		<tr>
			<td valign="top">
			9
			</td>
			<td valign="bottom">
			Deep learning
			</td>
			<td valign="bottom">
			14%
			</td>
		</tr>
		<tr>
			<td valign="top">
			10
			</td>
			<td valign="bottom">
			Java
			</td>
			<td valign="bottom">
			11%
			</td>
		</tr>
		<tr>
			<td valign="top">
			11
			</td>
			<td valign="bottom">
			Azure
			</td>
			<td valign="bottom">
			11%
			</td>
		</tr>
		<tr>
			<td valign="top">
			12
			</td>
			<td valign="bottom">
			Image processing
			</td>
			<td valign="bottom">
			10%
			</td>
		</tr>
		<tr>
			<td valign="top">
			13
			</td>
			<td valign="bottom">
			SQL
			</td>
			<td valign="bottom">
			10%
			</td>
		</tr>
		<tr>
			<td valign="top">
			14
			</td>
			<td valign="bottom">
			PyTorch
			</td>
			<td valign="bottom">
			9%
			</td>
		</tr>
		<tr>
			<td valign="top">
			15
			</td>
			<td valign="bottom">
			Agile
			</td>
			<td valign="bottom">
			8%
			</td>
		</tr>
	</tbody>
</table>

<h2>What does it mean?</h2>

The latest Indeed dataset shows that interest in AI jobs has risen sharply in recent years in India.

Previously,&nbsp;surveys have pointed to the&nbsp;overall optimism that Indian employers have towards AI.&nbsp;The time is now ripe for a tech-led skills transformation to help the Indian workforce&nbsp;lead the AI age.&nbsp;

"India is ready to lead in AI. The country's workforce is already embracing technological advancements with enthusiasm and adaptability," said&nbsp;Sashi Kumar, Head of Sales at&nbsp;Indeed India.&nbsp;"Our report, Tomorrow's World reveals that 95 per cent of Indian employees are confident in their ability to adapt to new technologies. With a growing pool of AI talent and a strong commitment to innovation, India's professionals are poised to drive the future of AI on the world stage."

The upskilling of India's workforce with the deployment of Artificial Intelligence tools is redefining the workplaces of 2024 in the world's third largest economy.

The upskilling of India's workforce with the deployment of Artificial Intelligence tools is redefining the workplaces of 2024 in the world's third largest economy. The Indian workforce is adding AI into their existing skill set at a meteoric speed, WION has reported in the past. Now it has emerged that for India's workplaces that are opting for AI in their work processes, the AI core skills feature among the top 5 most in-demand skills. According to an Indeed report, most wanted skills for AI jobs in India are Machine learning, Python, AI core skills, Communication skills, and Natural language processing. India's AI market According to projections by the National Association of Software and Service Companies (NASSCOM) and Boston Consulting Group (BCG), India's AI market is experiencing explosive growth. It is expected to reach $17 billion by 2027, driven by a 25-35 per cent Compound Annual Growth Rate (CAGR). However, this rapid expansion is creating a significant skills gap between the existing workforce and the AI-savvy Gen-Z workforce that's entering the job market. To bridge this gap and thrive in the AI era, it is crucial for job seekers to be aware of and acquire the most in-demand AI skills. Most in-demand AI skills in Indian job market Indeed’s data points out that 42 per cent of generative AI jobs in India mention “Machine learning”, while 40 per cent ask for “Python” skills. Python is highly valued for its flexibility in AI and machine learning. AI core skills and communication skills are also sought after, appearing in 36 per cent and 23 per cent of job ads, respectively. Other skills that are in demand are Natural language processing (20 per cent), TensorFlow (19 per cent), and Data Science (17 per cent). Rank Skill Percentage of job postings 1 Machine learning 42% 2 Python 40% 3 AI core 36% 4 Communication skills 23% 5 Natural language processing 20% 6 TensorFlow 19% 7 Data Science 17% 8 AWS 14% 9 Deep learning 14% 10 Java 11% 11 Azure 11% 12 Image processing 10% 13 SQL 10% 14 PyTorch 9% 15 Agile 8% What does it mean? The latest Indeed dataset shows that interest in AI jobs has risen sharply in recent years in India. Previously, surveys have pointed to the overall optimism that Indian employers have towards AI. The time is now ripe for a tech-led skills transformation to help the Indian workforce lead the AI age. "India is ready to lead in AI. The country's workforce is already embracing technological advancements with enthusiasm and adaptability," said Sashi Kumar, Head of Sales at Indeed India. "Our report, Tomorrow's World reveals that 95 per cent of Indian employees are confident in their ability to adapt to new technologies. With a growing pool of AI talent and a strong commitment to innovation, India's professionals are poised to drive the future of AI on the world stage."

These Artificial Intelligence skills are ruling job market as India eyes AI leader role

Looks like Boeing is going to get away with just a rap on the knuckles for two fatal crashes that led to deaths of hundreds of passengers. If reports are to be believed, the US justice department has entered into a plea deal with the American plane maker, already under scrutiny for safety issues in the wake of the infamous 'mid-air window blowout' incident.

Multiple news organisations are reporting that, in spite of the grilling faced by Boeing officials at Congress, the firm will get a plea deal.&nbsp;

The fatal crashes involving Boeing Max planes had killed a total of 346 people in 2018 and 2019.

Earlier reports had said the justice department had asked Boeing to either plead guilty on conspiracy charges for the crashes, or face trial.

ABC News reported that the justice department's plea deal offer will help Boeing avoid trial on conspiracy to defraud the United States. It cited the lawyers representing relatives of the victims.&nbsp;

The families have been informed of the deal proposal, said the report.

<h2>What's in the plea deal?</h2>

As per the reports, in return for a guilty plea on a case filed in 2021, Boeing officials will &nbsp;be able to avoid trial.&nbsp;

Specifically, the guilty plea is for alleged misleading of the Federal Aviation Administration (FAA) on the safety evaluation of Boeing 737 Max model planes.&nbsp;

As per the deal, Boeing should appoint an external monitor and pay $200 million in fines, and remain in probation for three years.

<h2>Families of victims slam possible plea deal</h2>

When told about the proposal, the families expressed outrage, according to multiple reports citing their lawyers.

The deal, according to them, does not place accountability or admission of guilt on the conspiracy.

The $200 million fine is a pittance, when compared to the families' original demand of more than $20 billion, which could have sent the company into financial turmoil, or even bankruptcy.

In a statement, the families' lawyers &nbsp;Robert Clifford and Paul Cassell described it as "another sweetheart plea deal" &nbsp;that will "not acknowledge, in any way, that Boeing's crime killed 346 people."

"It also appears to rest on the idea that Boeing did not harm any victim," they said. 
 
(With inputs from agencies)

Looks like Boeing is going to get away with just a rap on the knuckles for two fatal crashes that led to deaths of hundreds of passengers. If reports are to be believed, the US justice department has entered into a plea deal with the American plane maker, already under scrutiny for safety issues in the wake of the infamous 'mid-air window blowout' incident.

Looks like Boeing is going to get away with just a rap on the knuckles for two fatal crashes that led to deaths of hundreds of passengers. If reports are to be believed, the US justice department has entered into a plea deal with the American plane maker, already under scrutiny for safety issues in the wake of the infamous 'mid-air window blowout' incident. Multiple news organisations are reporting that, in spite of the grilling faced by Boeing officials at Congress, the firm will get a plea deal. The fatal crashes involving Boeing Max planes had killed a total of 346 people in 2018 and 2019. Earlier reports had said the justice department had asked Boeing to either plead guilty on conspiracy charges for the crashes, or face trial. ABC News reported that the justice department's plea deal offer will help Boeing avoid trial on conspiracy to defraud the United States. It cited the lawyers representing relatives of the victims. The families have been informed of the deal proposal, said the report. What's in the plea deal? As per the reports, in return for a guilty plea on a case filed in 2021, Boeing officials will be able to avoid trial. Specifically, the guilty plea is for alleged misleading of the Federal Aviation Administration (FAA) on the safety evaluation of Boeing 737 Max model planes. As per the deal, Boeing should appoint an external monitor and pay $200 million in fines, and remain in probation for three years. Families of victims slam possible plea deal When told about the proposal, the families expressed outrage, according to multiple reports citing their lawyers. The deal, according to them, does not place accountability or admission of guilt on the conspiracy. The $200 million fine is a pittance, when compared to the families' original demand of more than $20 billion, which could have sent the company into financial turmoil, or even bankruptcy. In a statement, the families' lawyers Robert Clifford and Paul Cassell described it as "another sweetheart plea deal" that will "not acknowledge, in any way, that Boeing's crime killed 346 people." "It also appears to rest on the idea that Boeing did not harm any victim," they said. (With inputs from agencies)

Boeing will get another 'sweetheart' plea deal on fatal crashes that killed 346 people: Reports

The US&nbsp;Justice Department will criminally charge Boeing over two fatal crashes and ask the planemaker to plead guilty or face a trial, two people familiar with the matter said on Sunday.

The Justice Department planned to formally offer a plea agreement to Boeing later in the day, which includes a financial penalty and imposition of an independent monitor to audit the company's safety and compliance practices for three years, the sources said.

Justice Department officials plan to give Boeing until the end of the week to respond to the offer, which they will present as non-negotiable, the sources said. Should Boeing refuse to plead guilty, prosecutors plan to take the company to trial, they said.

Boeing and the Justice Department declined to comment. Reuters was first to report the Justice Department's decision to prosecute Boeing and seek a guilty plea.

The Justice Department decided to charge Boeing after finding it violated a 2021 agreement that had shielded it from prosecution over the fatal crashes involving 737 MAX jets. The deadly crashes took place in 2018 and 2019, killing 346 people.

The decision to move toward criminally charging Boeing deepens an ongoing crisis engulfing the planemaker, exposing the company to additional financial ramifications and tougher government oversight.

A guilty plea could also carry implications for Boeing's ability to enter into government contracts such as those with the US&nbsp;military that make up a significant portion of its revenue. Companies with felony convictions can receive waivers, and it remained unclear to what extent the Justice Department's proposed plea deal addresses the issue.

Justice Department officials revealed their decision to victims' family members during a call earlier on Sunday. The proposal would require Boeing to plead guilty to conspiring to defraud the US&nbsp;Federal Aviation Administration in connection with the fatal crashes, the sources said.

The Justice Department's push for Boeing to plead guilty follows a separate January in-flight blowout that exposed continuing safety and quality issues at the planemaker.

A panel blew off a new Boeing 737 MAX 9 jet during a January&nbsp;5 Alaska Airlines flight, just two days before a 2021 deferred prosecution agreement with the Justice Department expired.

That agreement had shielded Boeing from prosecution over the 2018 and 2019 fatal crashes. Boeing has previously said it "honoured the terms” of the settlement and formally told prosecutors it disagrees with the finding that it violated the agreement.

The proposed agreement also includes a $487.2 million financial penalty, only half of which Boeing would be required to pay, they added. That is because prosecutors are giving the company credit for a payment it made as part of the previous settlement related to the fatal crashes of the Lion Air and Ethiopian Airlines flights. The penalty is the maximum legally allowed for the charge.

Boeing could also likely be forced to pay restitution under the proposal's terms, the amount of which will be at a judge's discretion, the sources said. The offer also contemplates subjecting Boeing to three years of probation, they said.

The plea deal would also require Boeing's board to meet with victims' relatives, they said.

Victims' relatives expressed anger toward Justice Department officials during the call, viewing the proposed plea deal as failing to hold Boeing accountable for the fatal crashes, said Erin Applebaum, one of the lawyers representing victims’ relatives. Family members wanted the company to face additional charges and stiffer financial consequences, she said.

“The 737 MAX families vigorously oppose the shameful new sweetheart deal between Boeing and the Department of Justice,” said Applebaum. She called the proposed plea agreement’s financial penalty “negligible” and said victims’ families will oppose the deal in court.

The Justice Department declined to comment on the families' reaction.

It is unusual for the Justice Department to inform other interested parties of its plans before notifying the company in its crosshairs, a third source said. But the Justice Department, led by Attorney General Merrick Garland, has sought to change its tack after facing backlash from the victims' families over the original 2021 agreement.

Victims' relatives found out about the 2021 deal only after it had been negotiated.

US&nbsp;lawmakers in June grilled Chief Executive Dave Calhoun over Boeing's tarnished safety record. Lawyers for victims' family members have cited criticism from Capitol Hill when pressing the Justice Department to prosecute the planemaker and impose a fine of up to $24.78 billion.

Boeing previously paid $2.5 billion as part of the deal with prosecutors that granted the company immunity from criminal prosecution over a fraud conspiracy charge related to the 737 MAX's flawed design.

Boeing had to abide by the terms of the deferred prosecution agreement for a three-year period that ended on Jan. 7. Prosecutors would then have been poised to ask a judge to dismiss the fraud conspiracy charge. But in May, the Justice Department found Boeing breached the agreement, exposing the company to prosecution.

The US Justice Department will criminally charge Boeing over two fatal crashes and ask the planemaker to plead guilty or face a trial, two people familiar with the matter said on Sunday.

The US Justice Department will criminally charge Boeing over two fatal crashes and ask the planemaker to plead guilty or face a trial, two people familiar with the matter said on Sunday. The Justice Department planned to formally offer a plea agreement to Boeing later in the day, which includes a financial penalty and imposition of an independent monitor to audit the company's safety and compliance practices for three years, the sources said. Justice Department officials plan to give Boeing until the end of the week to respond to the offer, which they will present as non-negotiable, the sources said. Should Boeing refuse to plead guilty, prosecutors plan to take the company to trial, they said. Boeing and the Justice Department declined to comment. Reuters was first to report the Justice Department's decision to prosecute Boeing and seek a guilty plea. The Justice Department decided to charge Boeing after finding it violated a 2021 agreement that had shielded it from prosecution over the fatal crashes involving 737 MAX jets. The deadly crashes took place in 2018 and 2019, killing 346 people. The decision to move toward criminally charging Boeing deepens an ongoing crisis engulfing the planemaker, exposing the company to additional financial ramifications and tougher government oversight. A guilty plea could also carry implications for Boeing's ability to enter into government contracts such as those with the US military that make up a significant portion of its revenue. Companies with felony convictions can receive waivers, and it remained unclear to what extent the Justice Department's proposed plea deal addresses the issue. Justice Department officials revealed their decision to victims' family members during a call earlier on Sunday. The proposal would require Boeing to plead guilty to conspiring to defraud the US Federal Aviation Administration in connection with the fatal crashes, the sources said. The Justice Department's push for Boeing to plead guilty follows a separate January in-flight blowout that exposed continuing safety and quality issues at the planemaker. A panel blew off a new Boeing 737 MAX 9 jet during a January 5 Alaska Airlines flight, just two days before a 2021 deferred prosecution agreement with the Justice Department expired. That agreement had shielded Boeing from prosecution over the 2018 and 2019 fatal crashes. Boeing has previously said it "honoured the terms” of the settlement and formally told prosecutors it disagrees with the finding that it violated the agreement. The proposed agreement also includes a $487.2 million financial penalty, only half of which Boeing would be required to pay, they added. That is because prosecutors are giving the company credit for a payment it made as part of the previous settlement related to the fatal crashes of the Lion Air and Ethiopian Airlines flights. The penalty is the maximum legally allowed for the charge. Boeing could also likely be forced to pay restitution under the proposal's terms, the amount of which will be at a judge's discretion, the sources said. The offer also contemplates subjecting Boeing to three years of probation, they said. The plea deal would also require Boeing's board to meet with victims' relatives, they said. Victims' relatives expressed anger toward Justice Department officials during the call, viewing the proposed plea deal as failing to hold Boeing accountable for the fatal crashes, said Erin Applebaum, one of the lawyers representing victims’ relatives. Family members wanted the company to face additional charges and stiffer financial consequences, she said. “The 737 MAX families vigorously oppose the shameful new sweetheart deal between Boeing and the Department of Justice,” said Applebaum. She called the proposed plea agreement’s financial penalty “negligible” and said victims’ families will oppose the deal in court. The Justice Department declined to comment on the families' reaction. It is unusual for the Justice Department to inform other interested parties of its plans before notifying the company in its crosshairs, a third source said. But the Justice Department, led by Attorney General Merrick Garland, has sought to change its tack after facing backlash from the victims' families over the original 2021 agreement. Victims' relatives found out about the 2021 deal only after it had been negotiated. US lawmakers in June grilled Chief Executive Dave Calhoun over Boeing's tarnished safety record. Lawyers for victims' family members have cited criticism from Capitol Hill when pressing the Justice Department to prosecute the planemaker and impose a fine of up to $24.78 billion. Boeing previously paid $2.5 billion as part of the deal with prosecutors that granted the company immunity from criminal prosecution over a fraud conspiracy charge related to the 737 MAX's flawed design. Boeing had to abide by the terms of the deferred prosecution agreement for a three-year period that ended on Jan. 7. Prosecutors would then have been poised to ask a judge to dismiss the fraud conspiracy charge. But in May, the Justice Department found Boeing breached the agreement, exposing the company to prosecution.

US to criminally charge Boeing for two fatal 737 Max crashes, seek guilty plea

The digital world is constantly overflowing with information. This leaves Generation Z, or Gen Z, exposed to misinformation &amp; clickbait at an alarming level. Unlike previous generations, Gen Z is forging a new path to consuming information. Their method relies on 'communities' rather than 'institutions'.

Gen Z &amp; information sensibility

Information dissemination in previous generations was different. It was mostly gossip that happened within communities. To filter that, people relied on 'information literacy', which is the ability to critically evaluate sources and then make an informed decision.&nbsp;

Meanwhile, information in today's digital world is multi-faceted. It's across spectrums, ranging from Instagram reels to WhatsApp statuses to Twitter threads. This has led to a gradual decline in the influence of traditional media like newspapers. News is right in front of you before you can open a newspaper. This has also led to 'online gossip' in groups with like-minded people. Researchers at Jigsaw, a Google subsidiary, found that Gen Z relies on 'information sensibility', which means prioritising social circles for information and less reliance on traditional fact-checking.

Gen Z hates clickbait

Studies have shown that Gen Z distrusts clickbait and news sources with ads or paywalls.

Instead, they find a social media influencer who speaks their language and curates information with a specific angle they wish to seek. Social media comments are another trusted source, especially when it comes to catching the general 'vibe' regarding a particular incident. This helps people get the gravity of a situation and accordingly comment. It is also a great source for identifying like-minded people.

These generational shifts have caused a change in news consumption habits. A recent Pew Research Centre study shows how Gen Z primarily get their news from social media platforms like Instagram and TikTok. This potentially restricts the scope of reading as the reliance has now shifted to 'summaries' rather than in-depth fact-checking.

Gen Z and the 'misinformation pandemic'

News was restricted when the sources were limited. Now, every channel is a news channel, and every platform is a way for you to connect with the world. This leads to an overflow of news beyond what's even needed. Concerns are ripe on how this Gen Z approach can make them susceptible to misinformation.

However, research by Microsoft suggests intentional misinformation primarily targets specific-already radicalised groups and not the usual Gen Z users.&nbsp;

A Gen Z social media user is typically exposed to extreme opinions, and the one he clicks on more times becomes his social media feed till the time he becomes interested in another trend or an ideology. In many ways, social media has become a marketplace for ideologies to pick customers for their 'cult'.

One thing in favour of Gen Z is that they rely on personal experiences and close friends over statistics, especially in areas like Health and Wellness.

The focus, overall, has to be on creating a safe social media space for our future generations and not treating them like commodities for profits. This is why Big Tech firms like Meta and Google are facing lawsuits worldwide. Their sophisticated algorithms are being trained by the personal data of billions of people across the world, which makes them equally responsible for ensuring the mental safety of the younger generations, the ones reading this article on their phones right now.

The digital world is constantly overflowing with information. This leaves Generation Z, or Gen Z, exposed to misinformation & clickbait at an alarming level. Unlike previous generations, Gen Z is forging a new path to consuming information.

The digital world is constantly overflowing with information. This leaves Generation Z, or Gen Z, exposed to misinformation & clickbait at an alarming level. Unlike previous generations, Gen Z is forging a new path to consuming information. Their method relies on 'communities' rather than 'institutions'. Gen Z & information sensibility Information dissemination in previous generations was different. It was mostly gossip that happened within communities. To filter that, people relied on 'information literacy', which is the ability to critically evaluate sources and then make an informed decision. Meanwhile, information in today's digital world is multi-faceted. It's across spectrums, ranging from Instagram reels to WhatsApp statuses to Twitter threads. This has led to a gradual decline in the influence of traditional media like newspapers. News is right in front of you before you can open a newspaper. This has also led to 'online gossip' in groups with like-minded people. Researchers at Jigsaw, a Google subsidiary, found that Gen Z relies on 'information sensibility', which means prioritising social circles for information and less reliance on traditional fact-checking. Gen Z hates clickbait Studies have shown that Gen Z distrusts clickbait and news sources with ads or paywalls. Instead, they find a social media influencer who speaks their language and curates information with a specific angle they wish to seek. Social media comments are another trusted source, especially when it comes to catching the general 'vibe' regarding a particular incident. This helps people get the gravity of a situation and accordingly comment. It is also a great source for identifying like-minded people. These generational shifts have caused a change in news consumption habits. A recent Pew Research Centre study shows how Gen Z primarily get their news from social media platforms like Instagram and TikTok. This potentially restricts the scope of reading as the reliance has now shifted to 'summaries' rather than in-depth fact-checking. Gen Z and the 'misinformation pandemic' News was restricted when the sources were limited. Now, every channel is a news channel, and every platform is a way for you to connect with the world. This leads to an overflow of news beyond what's even needed. Concerns are ripe on how this Gen Z approach can make them susceptible to misinformation. However, research by Microsoft suggests intentional misinformation primarily targets specific-already radicalised groups and not the usual Gen Z users. A Gen Z social media user is typically exposed to extreme opinions, and the one he clicks on more times becomes his social media feed till the time he becomes interested in another trend or an ideology. In many ways, social media has become a marketplace for ideologies to pick customers for their 'cult'. One thing in favour of Gen Z is that they rely on personal experiences and close friends over statistics, especially in areas like Health and Wellness. The focus, overall, has to be on creating a safe social media space for our future generations and not treating them like commodities for profits. This is why Big Tech firms like Meta and Google are facing lawsuits worldwide. Their sophisticated algorithms are being trained by the personal data of billions of people across the world, which makes them equally responsible for ensuring the mental safety of the younger generations, the ones reading this article on their phones right now.

Gen Z Trends: How does Gen Z navigate news overflow

Warren Buffett, the chairman of Berkshire Hathaway, announced a major revamp of his will, which would significantly impact how his behemoth fortune is distributed after his death. In an interview with The Wall Street Journal, the 93-year-old billionaire said he would no longer contribute posthumous donations to the Bill &amp; Melinda Gates Foundation. Instead, his wealth would go into a new charitable trust run by his three children.

"The Gates Foundation has no money coming after my death," Buffett confirmed to the Journal.

Based on his comments, the move seems to be founded on his belief that his children have the right values as well as being capable of becoming responsible distributors of his wealth. All of his children manage their own philanthropic outfits, further giving Buffett a sense of confidence.

"I feel very, very good about the values of my three children, and I have 100 per cent trust in how they will carry things out," Buffett affirmed.

Earlier, Buffett had pledged more than 99 per cent of his estate to philanthropy, with the lion's share going to the Bill &amp; Melinda Gates Foundation and four family-related charities: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation.

As of now, Buffett continues to make donations to the Gates Foundation during his lifetime. Only recently, Berkshire Hathaway announced that it would convert about 9,000 Class A shares into more than 13 million Class B shares. Close to 9.3 million of those will be donated to the Bill &amp; Melinda Gates Foundation Trust. The remaining shares will then be split amongst the four family charities.

Mark Suzman, the chief executive of the Gates Foundation, expressed gratitude for Buffett's ongoing support. "Warren Buffett has been exceedingly generous to the Gates Foundation through more than 18 years of contributions and advice," Suzman stated to CNN. "We are deeply grateful for his most recent gift and contributions totalling approximately $43 billion to our work."

Last year alone, Buffett donated some $870 million to his family's four charities, roughly the same as in 2022. He now still holds 207,963 Class A shares and 2,586 Class B shares in Berkshire Hathaway, worth $128 billion.

Warren Buffett, the chairman of Berkshire Hathaway, announced a major revamp of his will, which would significantly impact how his behemoth fortune is distributed after his death.

Warren Buffett, the chairman of Berkshire Hathaway, announced a major revamp of his will, which would significantly impact how his behemoth fortune is distributed after his death. In an interview with The Wall Street Journal, the 93-year-old billionaire said he would no longer contribute posthumous donations to the Bill & Melinda Gates Foundation. Instead, his wealth would go into a new charitable trust run by his three children. "The Gates Foundation has no money coming after my death," Buffett confirmed to the Journal. Based on his comments, the move seems to be founded on his belief that his children have the right values as well as being capable of becoming responsible distributors of his wealth. All of his children manage their own philanthropic outfits, further giving Buffett a sense of confidence. "I feel very, very good about the values of my three children, and I have 100 per cent trust in how they will carry things out," Buffett affirmed. Earlier, Buffett had pledged more than 99 per cent of his estate to philanthropy, with the lion's share going to the Bill & Melinda Gates Foundation and four family-related charities: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation. As of now, Buffett continues to make donations to the Gates Foundation during his lifetime. Only recently, Berkshire Hathaway announced that it would convert about 9,000 Class A shares into more than 13 million Class B shares. Close to 9.3 million of those will be donated to the Bill & Melinda Gates Foundation Trust. The remaining shares will then be split amongst the four family charities. Mark Suzman, the chief executive of the Gates Foundation, expressed gratitude for Buffett's ongoing support. "Warren Buffett has been exceedingly generous to the Gates Foundation through more than 18 years of contributions and advice," Suzman stated to CNN. "We are deeply grateful for his most recent gift and contributions totalling approximately $43 billion to our work." Last year alone, Buffett donated some $870 million to his family's four charities, roughly the same as in 2022. He now still holds 207,963 Class A shares and 2,586 Class B shares in Berkshire Hathaway, worth $128 billion.

Warren Buffett alters will, redirecting fortune away from Gates Foundation

US prosecutors have a tough task ahead of the July 7 deadline. That is to gauge the impact of Boeing's safety lapses beyond physical damage. The emotions of the relatives of the crash victims and the plea made to the justice department have complicated the situation for Boeing, who was possibly expecting an 'easy way out'.&nbsp;

Clariss Moore, mother of victim Danielle Moore, gave an emotional statement during CEO David Calhoun's senate hearing, where Calhoun apologised to the crash victims.

She said, 'That safety. That number one priority of Boeing, of their CEOs, of their management, of their engineers doesn't mean anything when 346 people died. We are here today and driving here, it doesn't matter how far, because all I could think is the six minutes and four seconds, of my daughter on that Boeing 37 Max. Did she cry for me? Did she know that would be her last breath? Did someone hold her hands? So Calhoun (Boeing CEO Dave Calhoun), Boeing, CEO, management, did you hear my daughter cry? I want them to answer and give us all the transparency and I want them to be held accountable for murdering 346 lives.''

Still, Boeing is in talks with the department to orchestrate a compromise. Prosecutors are urging for a criminal prosecution, which could be detrimental for the planemaker, already struggling with its Starliner stranded in space. The plethora of safety issues has already dented Boeing's image. A criminal charge can take away their military and government contracts, which would be the final nail in the coffin for Boeing.

The Justice Department is contemplating multiple options. While a criminal prosecution would be the ideal option according to prosecutors and victims' relatives, this could also shake up supply in the global aviation industry. This is because Boeing is a major manufacturer of commercial and military aircrafts and even spacecrafts.

A potential resolution involves setting up an independent committee to follow up on Boeing's safety regulations. Meanwhile, prosecutors are looking at regular safety reports over a three-year period to ensure prolonged safety.

US prosecutors have a tough task ahead of the July 7 deadline. That is to gauge the impact of Boeing's safety lapses beyond physical damage. The emotions of the relatives of the crash victims and the plea made to the justice department have complicated the situation for Boeing, who was possibly expecting an 'easy way out'.

US prosecutors have a tough task ahead of the July 7 deadline. That is to gauge the impact of Boeing's safety lapses beyond physical damage. The emotions of the relatives of the crash victims and the plea made to the justice department have complicated the situation for Boeing, who was possibly expecting an 'easy way out'. Clariss Moore, mother of victim Danielle Moore, gave an emotional statement during CEO David Calhoun's senate hearing, where Calhoun apologised to the crash victims. She said, 'That safety. That number one priority of Boeing, of their CEOs, of their management, of their engineers doesn't mean anything when 346 people died. We are here today and driving here, it doesn't matter how far, because all I could think is the six minutes and four seconds, of my daughter on that Boeing 37 Max. Did she cry for me? Did she know that would be her last breath? Did someone hold her hands? So Calhoun (Boeing CEO Dave Calhoun), Boeing, CEO, management, did you hear my daughter cry? I want them to answer and give us all the transparency and I want them to be held accountable for murdering 346 lives.'' Still, Boeing is in talks with the department to orchestrate a compromise. Prosecutors are urging for a criminal prosecution, which could be detrimental for the planemaker, already struggling with its Starliner stranded in space. The plethora of safety issues has already dented Boeing's image. A criminal charge can take away their military and government contracts, which would be the final nail in the coffin for Boeing. The Justice Department is contemplating multiple options. While a criminal prosecution would be the ideal option according to prosecutors and victims' relatives, this could also shake up supply in the global aviation industry. This is because Boeing is a major manufacturer of commercial and military aircrafts and even spacecrafts. A potential resolution involves setting up an independent committee to follow up on Boeing's safety regulations. Meanwhile, prosecutors are looking at regular safety reports over a three-year period to ensure prolonged safety.

'The Boeing Curse': US prosecutors meet Boeing, crash victims as decision looms

Governor&nbsp;Gavin Newsom signed California's budget on Saturday, which covers an estimated $46.8 billion deficit with a mix of $16 billion worth of spending cuts and temporary tax increases on some businesses. This comes just days after lawmakers approved the budget Wednesday after very intense negotiations between the state's governor and legislative leaders. The strain brought about requirements for concessions on both sides and shelved some progressive policies for a second year in a row.

“This is a responsible budget that prepares for the future while investing in foundational programs that benefit millions of Californians every day,” Newsom said in a statement. “Thanks to careful stewardship of the budget over the past few years, we’re able to meet this moment while protecting our progress on housing, homelessness, education, health care and other priorities that matter deeply to Californians.”

The deficit, projected to be roughly $32 billion in 2023, has ballooned this year, with expectations of continuing shortfalls in the future for the country's most populous state. This budget signing comes just two years after Newsom and Democratic lawmakers heralded record surpluses topping more than $100 billion. Those surpluses were supercharged off billions of dollars in federal COVID-19 aid and a progressive tax code that generated major revenue from the state's wealthiest residents.

The economic landscape has changed radically. Inflation has slowed the economy, increasing unemployment and bringing reversals to the technology sector, one of the major drivers of growth for California. In addition, the Newsom administration miscalculated the state's revenue following a seven-month delay in the tax filing deadline.

The budget of California has swung wildly over the years, given its reliance on its wealthiest taxpayers. This current deficit is an inopportune challenge for Newsom as he raises his national profile for a potential presidential run and seeks to be a chief surrogate for President Joe Biden's campaign.

The newly signed budget incorporates a provision in which it is agreed that Gov. Newsom and lawmakers will lobby to amend the state's constitution to reserve more money for savings to cushion future fiscal shortfalls. This call is, therefore, for a more stable financial base for the state moving into the future.

The Republicans have complained of being left out of the negotiations. They attacked a temporary increase in tax on businesses, affecting those with at least $1 million in revenue. That increase is scheduled to last three years and would produce more than an added $5 billion for the state next year. Republicans also criticised reductions in social safety net programs that they said would harm vulnerable populations.

The budget illustrates how tough it is going to be to strike a balance between addressing immediate financial problems and trying to cope with long-term fiscal health. As California navigates these economic uncertainties, the decisions made in this budget will have significant implications for the state's future.

Governor Gavin Newsom signed California's budget on Saturday, which covers an estimated $46.8 billion deficit with a mix of $16 billion worth of spending cuts and temporary tax increases on some businesses.

Governor Gavin Newsom signed California's budget on Saturday, which covers an estimated $46.8 billion deficit with a mix of $16 billion worth of spending cuts and temporary tax increases on some businesses. This comes just days after lawmakers approved the budget Wednesday after very intense negotiations between the state's governor and legislative leaders. The strain brought about requirements for concessions on both sides and shelved some progressive policies for a second year in a row. “This is a responsible budget that prepares for the future while investing in foundational programs that benefit millions of Californians every day,” Newsom said in a statement. “Thanks to careful stewardship of the budget over the past few years, we’re able to meet this moment while protecting our progress on housing, homelessness, education, health care and other priorities that matter deeply to Californians.” The deficit, projected to be roughly $32 billion in 2023, has ballooned this year, with expectations of continuing shortfalls in the future for the country's most populous state. This budget signing comes just two years after Newsom and Democratic lawmakers heralded record surpluses topping more than $100 billion. Those surpluses were supercharged off billions of dollars in federal COVID-19 aid and a progressive tax code that generated major revenue from the state's wealthiest residents. The economic landscape has changed radically. Inflation has slowed the economy, increasing unemployment and bringing reversals to the technology sector, one of the major drivers of growth for California. In addition, the Newsom administration miscalculated the state's revenue following a seven-month delay in the tax filing deadline. The budget of California has swung wildly over the years, given its reliance on its wealthiest taxpayers. This current deficit is an inopportune challenge for Newsom as he raises his national profile for a potential presidential run and seeks to be a chief surrogate for President Joe Biden's campaign. The newly signed budget incorporates a provision in which it is agreed that Gov. Newsom and lawmakers will lobby to amend the state's constitution to reserve more money for savings to cushion future fiscal shortfalls. This call is, therefore, for a more stable financial base for the state moving into the future. The Republicans have complained of being left out of the negotiations. They attacked a temporary increase in tax on businesses, affecting those with at least $1 million in revenue. That increase is scheduled to last three years and would produce more than an added $5 billion for the state next year. Republicans also criticised reductions in social safety net programs that they said would harm vulnerable populations. The budget illustrates how tough it is going to be to strike a balance between addressing immediate financial problems and trying to cope with long-term fiscal health. As California navigates these economic uncertainties, the decisions made in this budget will have significant implications for the state's future.

California's budget tightrope: balancing cuts, taxes, and future stability amid economic shifts

The pace of the rally of Japan's stock market is now expected to slow down in the second half of 2024, giving investors a greater likelihood of shifting investments to rival markets.

A Bloomberg survey of asset managers and strategists called for a benchmark Topix index rise of around 2.9 per cent to 2,890 by year-end, while the Nikkei 225 Stock Average will climb about 4.8 per cent to 41,489. That would be a serious deceleration from the gain of about 18 per cent these indices made in the first half of this year. The broader Topix even climbed to a 34-year high, above its March highs, with the financial sector leading the gains.

Concerns about further yen weakness weighed on sentiment. Consumer and business spending wilted, and around a third of Bank of Japan watchers surveyed by Bloomberg expect a July rate increase. Released Friday morning, Tokyo's June inflation data came in higher - enough to keep a possible interest rate hike on the table, in theory, for the upcoming Bank of Japan meeting.

“I don’t think we will see out-performance from Japanese stocks from here,” said Kyle Rodda, a senior market analyst at Capital.Com Inc. “Given the rally we saw at the start of the year, the underlying trends in the economy and policy lend themselves to more downside than upside risks.”

The yen slipped to 161 per dollar, bringing it close to levels not seen since 1986. Further predictions had it slumping as low as 170 per dollar. While a weaker yen benefits exporters, a weaker yen also contributes to inflation through higher import costs, hence suppressing real wages, which becomes a critical factor for the growth of Japanese equities.

Currency risks and a slowing economy are making some foreign investors look for opportunities outside Japan. The Topix trades at a price to earnings ratio of about 17 times, while 14 times for the Shanghai Stock Exchange Composite index. It is reported that for a fifth week, foreign investors sold Japanese cash equities in a row, which is the longest streak since March of the previous year.

“We think Japan may lag China, but still do quite well to broader Asia,” said Alexander Cousley, an investment strategist at Russell Investments Group LLC. “Valuations are there, with Chinese equities notably cheaper than Japanese and global equities.”

That said, many still remain positive on Japan with companies such as BlackRock Inc. staying overweight on Japan equities. In June, a survey by Bank of America showed Japan is still the most favoured market in the region. Using forward earnings, the MSCI Japan index is expected to rise 16 per cent in the next 12 months, while the MSCI World index is expected to rise by 8.5 per cent, based on Bloomberg data.

“Earnings for Japanese companies, which have already outperformed the underlying economy, are expected to improve even further and lead the developed world at about 11%–13% this year,” Alexander Wolf, head of Asia Investment Strategy at JP Morgan Chase Bank NA wrote in a note this month.

The pace of the rally of Japan's stock market is now expected to slow down in the second half of 2024, giving investors a greater likelihood of shifting investments to rival markets.

The pace of the rally of Japan's stock market is now expected to slow down in the second half of 2024, giving investors a greater likelihood of shifting investments to rival markets. A Bloomberg survey of asset managers and strategists called for a benchmark Topix index rise of around 2.9 per cent to 2,890 by year-end, while the Nikkei 225 Stock Average will climb about 4.8 per cent to 41,489. That would be a serious deceleration from the gain of about 18 per cent these indices made in the first half of this year. The broader Topix even climbed to a 34-year high, above its March highs, with the financial sector leading the gains. Concerns about further yen weakness weighed on sentiment. Consumer and business spending wilted, and around a third of Bank of Japan watchers surveyed by Bloomberg expect a July rate increase. Released Friday morning, Tokyo's June inflation data came in higher - enough to keep a possible interest rate hike on the table, in theory, for the upcoming Bank of Japan meeting. “I don’t think we will see out-performance from Japanese stocks from here,” said Kyle Rodda, a senior market analyst at Capital.Com Inc. “Given the rally we saw at the start of the year, the underlying trends in the economy and policy lend themselves to more downside than upside risks.” The yen slipped to 161 per dollar, bringing it close to levels not seen since 1986. Further predictions had it slumping as low as 170 per dollar. While a weaker yen benefits exporters, a weaker yen also contributes to inflation through higher import costs, hence suppressing real wages, which becomes a critical factor for the growth of Japanese equities. Currency risks and a slowing economy are making some foreign investors look for opportunities outside Japan. The Topix trades at a price to earnings ratio of about 17 times, while 14 times for the Shanghai Stock Exchange Composite index. It is reported that for a fifth week, foreign investors sold Japanese cash equities in a row, which is the longest streak since March of the previous year. “We think Japan may lag China, but still do quite well to broader Asia,” said Alexander Cousley, an investment strategist at Russell Investments Group LLC. “Valuations are there, with Chinese equities notably cheaper than Japanese and global equities.” That said, many still remain positive on Japan with companies such as BlackRock Inc. staying overweight on Japan equities. In June, a survey by Bank of America showed Japan is still the most favoured market in the region. Using forward earnings, the MSCI Japan index is expected to rise 16 per cent in the next 12 months, while the MSCI World index is expected to rise by 8.5 per cent, based on Bloomberg data. “Earnings for Japanese companies, which have already outperformed the underlying economy, are expected to improve even further and lead the developed world at about 11%–13% this year,” Alexander Wolf, head of Asia Investment Strategy at JP Morgan Chase Bank NA wrote in a note this month.

Japan’s stock rally expected to slow: investors eye rivals as yen weakens and economy slows

A group of large US banking giants on Friday announced intentions to boost their third-quarter dividends after satisfactorily passing the Federal Reserve's yearly stress test that tests whether banks have enough capital to survive severe economic and market turmoil.

JPMorgan Chase, the largest US lender, increased its dividend to $1.25 per share from $1.15, a regulatory filing showed. The board also authorised $30 billion in new share buybacks, effective July 1.

In addition, Bank of America announced a 26-cent dividend per share from 24 cents. Citigroup matched that by boosting its dividend to 56 cents per share from 53 cents, the banks said in separate filings.

"Banks are going to remain conservative on capital as uncertainty over the Basel proposal remains," Brian Mulberry, a client portfolio manager at Zacks Investment Management, said after the dividends were announced.

Morgan Stanley declared a dividend hike to 92.5 cents a share from 85 cents. Those plans were disclosed after banks passed the Fed's stress tests, meant to determine how much capital banks must hold before they can return money to shareholders.

Goldman Sachs, on its part, vowed to lift the dividend to $3 a share from $2.75.&nbsp;

Results from these stress tests dictate the size of each bank's stress capital buffer (SCB), a surcharge on capital that the Fed requires them to hold in order to weather potential economic storms.&nbsp;

Goldman expressed their puzzlement at the rise of their SCB.

"This increase does not seem to reflect the strategic evolution of our business and the continuous progress we’ve made to reduce our stress loss intensity," CEO David Solomon said in a statement.

Wells Fargo announced a 40-cent per share dividend hike.&nbsp;

This year's stress tests examined 31 large banks, versus 23 in the last one. The tests showed banks have enough capital to keep lending even if the country is struck by adverse conditions such as high unemployment, steep market volatility, and both residential and commercial mortgage markets decline.

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			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;26 cents&quot;}" style="width: 196px;">26 cents</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;24 cents&quot;}" style="width: 159px;">24 cents</td>
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			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;56 cents&quot;}" style="width: 196px;">56 cents</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;53 cents&quot;}" style="width: 159px;">53 cents</td>
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			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Wells Fargo&quot;}">Wells Fargo</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;40 cents&quot;}" style="width: 196px;">40 cents</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;35 cents&quot;}" style="width: 159px;">35 cents</td>
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			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Goldman Sachs&quot;}">Goldman Sachs</td>
			<td data-sheets-numberformat="{&quot;1&quot;:4,&quot;2&quot;:&quot;\&quot;$\&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:3}" style="width: 196px;">$3</td>
			<td data-sheets-numberformat="{&quot;1&quot;:4,&quot;2&quot;:&quot;\&quot;$\&quot;#,##0.00&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:2.75}" style="width: 159px;">$2.75</td>
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			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Morgan Stanley&quot;}">Morgan Stanley</td>
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A group of large US banking giants on Friday announced intentions to boost their third-quarter dividends after satisfactorily passing the Federal Reserve's yearly stress test that tests whether banks have enough capital to survive severe economic and market turmoil.

A group of large US banking giants on Friday announced intentions to boost their third-quarter dividends after satisfactorily passing the Federal Reserve's yearly stress test that tests whether banks have enough capital to survive severe economic and market turmoil. JPMorgan Chase, the largest US lender, increased its dividend to $1.25 per share from $1.15, a regulatory filing showed. The board also authorised $30 billion in new share buybacks, effective July 1. In addition, Bank of America announced a 26-cent dividend per share from 24 cents. Citigroup matched that by boosting its dividend to 56 cents per share from 53 cents, the banks said in separate filings. "Banks are going to remain conservative on capital as uncertainty over the Basel proposal remains," Brian Mulberry, a client portfolio manager at Zacks Investment Management, said after the dividends were announced. Morgan Stanley declared a dividend hike to 92.5 cents a share from 85 cents. Those plans were disclosed after banks passed the Fed's stress tests, meant to determine how much capital banks must hold before they can return money to shareholders. Goldman Sachs, on its part, vowed to lift the dividend to $3 a share from $2.75. Results from these stress tests dictate the size of each bank's stress capital buffer (SCB), a surcharge on capital that the Fed requires them to hold in order to weather potential economic storms. Goldman expressed their puzzlement at the rise of their SCB. "This increase does not seem to reflect the strategic evolution of our business and the continuous progress we’ve made to reduce our stress loss intensity," CEO David Solomon said in a statement. Wells Fargo announced a 40-cent per share dividend hike. This year's stress tests examined 31 large banks, versus 23 in the last one. The tests showed banks have enough capital to keep lending even if the country is struck by adverse conditions such as high unemployment, steep market volatility, and both residential and commercial mortgage markets decline. Bank New Dividend (Per share) Old Dividend (Per share) JP Morgan $1.25 $1.15 Bank of America 26 cents 24 cents Citigroup 56 cents 53 cents Wells Fargo 40 cents 35 cents Goldman Sachs $3 $2.75 Morgan Stanley 92.5 cents 85 cents

US banking giants to hike dividends after passing Fed stress tests

Shares of Trump Media &amp; Technology Group (TMTG) saw a significant slump of over 10.84% after surging&nbsp;8&nbsp;per cent in premarket trading on Friday. This followed President Joe Biden's underwhelming performance against former President Donald Trump during the first 2024 US presidential debate.

Despite the volatility, Citi analysts said that there may be increased interest in Trump Media &amp; Technology after the debate. Analysts point to news headlines &amp; narratives on social media. According to reports, Biden's 'shaky' performance boosted Trump's prospects ahead of the elections. Interestingly, Trump and Biden are the oldest presidential candidates ever.

Ben Laidler is a global markets strategist at digital brokerage eToro. He noted that "investors are probably going to give Trump the benefit of the doubt given how positive he was for markets in his presidency."

He further indicated that the stock performance of companies associated with Trump might reflect investor expectations for the upcoming election. This suggests that Trump is perceived to be in a strong position.

Trump media's shares have been tied to Donald Trump, with the shares dropping significantly after Trump's conviction in the hush money trial. Trump owns 46.9 per cent of the company, which is worth $6.5 billion.

Phunware, a software developer that worked on Trump’s 2020 campaign app experienced an increase of 8.1 per cent to $6.81. Rumble. A video-sharing platform favoured by conservatives. Also edged up by 0.5 per cent to $5.7.

Despite facing legal challenges earlier this month, including being found guilty of falsifying documents related to a payment to silence a porn star TMTG’s shares have surged about 110 per cent this year.

Trump owned 64.9 per cent of TMTG as of June 10. He has seen his stake valued at approximately $6.5 billion as of the last close.

The stock has been extremely volatile since its debut in late March. Despite the volatility, the stock has tripled this year. It peaked at nearly $80 in intraday trading on March 26. The company reported a loss of more than $300 million in the last quarter. The company's fate is tied to the US presidential election outcome. A victory for Donald Trump can ensure a prolonged climb, while a loss can cloud growth prospects.

(With inputs from Reuters)

Shares of Trump Media & Technology Group (TMTG) saw a significant slump of over 10.84% after surging 8 per cent in premarket trading on Friday. This followed President Joe Biden's underwhelming performance against former President Donald Trump during the first 2024 US presidential debate.

Shares of Trump Media & Technology Group (TMTG) saw a significant slump of over 10.84% after surging 8 per cent in premarket trading on Friday. This followed President Joe Biden's underwhelming performance against former President Donald Trump during the first 2024 US presidential debate. Despite the volatility, Citi analysts said that there may be increased interest in Trump Media & Technology after the debate. Analysts point to news headlines & narratives on social media. According to reports, Biden's 'shaky' performance boosted Trump's prospects ahead of the elections. Interestingly, Trump and Biden are the oldest presidential candidates ever. Ben Laidler is a global markets strategist at digital brokerage eToro. He noted that "investors are probably going to give Trump the benefit of the doubt given how positive he was for markets in his presidency." He further indicated that the stock performance of companies associated with Trump might reflect investor expectations for the upcoming election. This suggests that Trump is perceived to be in a strong position. Trump media's shares have been tied to Donald Trump, with the shares dropping significantly after Trump's conviction in the hush money trial. Trump owns 46.9 per cent of the company, which is worth $6.5 billion. Phunware, a software developer that worked on Trump’s 2020 campaign app experienced an increase of 8.1 per cent to $6.81. Rumble. A video-sharing platform favoured by conservatives. Also edged up by 0.5 per cent to $5.7. Despite facing legal challenges earlier this month, including being found guilty of falsifying documents related to a payment to silence a porn star TMTG’s shares have surged about 110 per cent this year. Trump owned 64.9 per cent of TMTG as of June 10. He has seen his stake valued at approximately $6.5 billion as of the last close. The stock has been extremely volatile since its debut in late March. Despite the volatility, the stock has tripled this year. It peaked at nearly $80 in intraday trading on March 26. The company reported a loss of more than $300 million in the last quarter. The company's fate is tied to the US presidential election outcome. A victory for Donald Trump can ensure a prolonged climb, while a loss can cloud growth prospects. (With inputs from Reuters)

Shares of Trump Media volatile following presidential debate

US consumers have largely been 'inactive' in the economy. While consumer spending has recently improved, the overall economy has been plagued by high prices and shifts in shopping preferences. A typical US consumer now ignores 'luxury' to shop for 'essentials'.

In this economic outlook, the celebrations of the 4th of July hold more significance than ever. Americans seem excited too, with analysts predicting existing consumer sentiments will not affect high food sales.&nbsp;

According to the National Retail Federation, Americans are expected to spend $9.4 billion on food sales alone. This is lower than the $9.5 billion spent in 2023 but better than the analyst predictions based on the economy. Spending suffered a slump in 2020 ($6.5 billion) but has revived since then each year.

Hosting a 10-person barbeque will cost almost $100, according to a barbeque index from Rabobank Group cited by Bloomberg. This will be a new record in terms of prices. July 4 is a popular day to celebrate at home, but for US consumers, it's also a way to save.

Recent months have seen the cost of dining ticking up by 4 per cent. Wells Fargo gave a comparison of hamburger prices; we can save $50 by avoiding dining out while hosting a party of 10. The average cost of a hamburger at home is $2.15 compared to $6.95 at a restaurant.

Barbeque cost in 2024

The prices have clearly shot up. Ground beef costs have surged 4.9 per cent over last year. Tomato and lettuce prices have also surged. The only 'smile' for Americans is the lower cheese cost, down 3.4 per cent from last year. However, there's nothing 'sweet' in the rise of ice cream, up 3.3 per cent. Cans to gulp those high prices have also surged, up over 5 per cent. As for alcohol, beer prices are up 1.2 per cent, while wine is up 3.4 per cent.

The need for value is at an all-time high for the average US consumer. That means more discounts and value-added deals for stores to lure back footfall. Fast-food and grocery chains are ramping up their deals to match consumer expectations. Popular chains like Walmart and Target are competing at low prices to attract consumers.

US consumers have largely been 'inactive' in the economy. While consumer spending has recently improved, the overall economy has been plagued by high prices and shifts in shopping preferences.

US consumers have largely been 'inactive' in the economy. While consumer spending has recently improved, the overall economy has been plagued by high prices and shifts in shopping preferences. A typical US consumer now ignores 'luxury' to shop for 'essentials'. In this economic outlook, the celebrations of the 4th of July hold more significance than ever. Americans seem excited too, with analysts predicting existing consumer sentiments will not affect high food sales. According to the National Retail Federation, Americans are expected to spend $9.4 billion on food sales alone. This is lower than the $9.5 billion spent in 2023 but better than the analyst predictions based on the economy. Spending suffered a slump in 2020 ($6.5 billion) but has revived since then each year. Hosting a 10-person barbeque will cost almost $100, according to a barbeque index from Rabobank Group cited by Bloomberg. This will be a new record in terms of prices. July 4 is a popular day to celebrate at home, but for US consumers, it's also a way to save. Recent months have seen the cost of dining ticking up by 4 per cent. Wells Fargo gave a comparison of hamburger prices; we can save $50 by avoiding dining out while hosting a party of 10. The average cost of a hamburger at home is $2.15 compared to $6.95 at a restaurant. Barbeque cost in 2024 The prices have clearly shot up. Ground beef costs have surged 4.9 per cent over last year. Tomato and lettuce prices have also surged. The only 'smile' for Americans is the lower cheese cost, down 3.4 per cent from last year. However, there's nothing 'sweet' in the rise of ice cream, up 3.3 per cent. Cans to gulp those high prices have also surged, up over 5 per cent. As for alcohol, beer prices are up 1.2 per cent, while wine is up 3.4 per cent. The need for value is at an all-time high for the average US consumer. That means more discounts and value-added deals for stores to lure back footfall. Fast-food and grocery chains are ramping up their deals to match consumer expectations. Popular chains like Walmart and Target are competing at low prices to attract consumers.

Bleak consumer sentiment in the US meets 4th of July celebrations

A federal judge in Texas on Friday temporarily blocked a new Biden administration rule that would extend the requirement for overtime pay to 4 million salaried US workers. A federal judge in Sherman, Texas, blocked the US Department of Labour rule, which was originally expected to take effect on Monday. Judge Jordan, an appointee of former President Donald Trump, ruled that the regulation improperly based eligibility for overtime pay on workers' wages rather than their job duties.

The Labour Department's rule would require employers to pay overtime premiums to salaried workers earning less than $1,128 per week, or about $58,600 per year if they work more than 40 hours in a week. The rule had bumped up the current threshold of about $35,500, set in 2019. It also includes an automatic increase in the salary threshold every three years to keep pace with wage growth.

Federal law permits employers to exempt those in "executive, administrative, and professional" jobs from receiving overtime pay. For decades, the Labour Department interpreted the regulation to consider salary only one of several factors defining those exemptions. It argued that many lower-paid salaried workers did exactly the same tasks as hourly employees but worked much longer hours for no extra pay.

"Since the ordinary meaning of the EAP Exemption focuses solely on duties, any rule implementing the EAP Exemption - including the 2024 Rule — must likewise centre on duties," the judge wrote.

The Labour Department and the office of Republican Attorney General of Texas Ken Paxton did not return a request for comment. The department can appeal the ruling to the 5th U.S. Circuit Court of Appeals in New Orleans-one of the most conservative federal appeals courts.

In addition, another challenge to the rule by business groups is being presided over by Judge Jordan, and another federal court in Texas has a challenge brought against the regulation by a small marketing firm.

This development poses a major blow to the Biden administration in having to provide better protection for workers and see that salaried employees get paid for working overtime. This case is likely to have wide implications on labour laws and employee protection across the United States.

A federal judge in Texas on Friday temporarily blocked a new Biden administration rule that would extend the requirement for overtime pay to 4 million salaried US workers.

A federal judge in Texas on Friday temporarily blocked a new Biden administration rule that would extend the requirement for overtime pay to 4 million salaried US workers. A federal judge in Sherman, Texas, blocked the US Department of Labour rule, which was originally expected to take effect on Monday. Judge Jordan, an appointee of former President Donald Trump, ruled that the regulation improperly based eligibility for overtime pay on workers' wages rather than their job duties. The Labour Department's rule would require employers to pay overtime premiums to salaried workers earning less than $1,128 per week, or about $58,600 per year if they work more than 40 hours in a week. The rule had bumped up the current threshold of about $35,500, set in 2019. It also includes an automatic increase in the salary threshold every three years to keep pace with wage growth. Federal law permits employers to exempt those in "executive, administrative, and professional" jobs from receiving overtime pay. For decades, the Labour Department interpreted the regulation to consider salary only one of several factors defining those exemptions. It argued that many lower-paid salaried workers did exactly the same tasks as hourly employees but worked much longer hours for no extra pay. "Since the ordinary meaning of the EAP Exemption focuses solely on duties, any rule implementing the EAP Exemption - including the 2024 Rule — must likewise centre on duties," the judge wrote. The Labour Department and the office of Republican Attorney General of Texas Ken Paxton did not return a request for comment. The department can appeal the ruling to the 5th U.S. Circuit Court of Appeals in New Orleans-one of the most conservative federal appeals courts. In addition, another challenge to the rule by business groups is being presided over by Judge Jordan, and another federal court in Texas has a challenge brought against the regulation by a small marketing firm. This development poses a major blow to the Biden administration in having to provide better protection for workers and see that salaried employees get paid for working overtime. This case is likely to have wide implications on labour laws and employee protection across the United States.

Federal judge halts Biden administration's rule on overtime pay

Global markets witnessed a lot of turbulence heading to this year. Geopolitical tensions and inflation concerns were at their peak. Cut to 6 months later, and the global markets have witnessed record highs. Asian stocks have breached&nbsp;multiple peaks, with India &amp; Pakistan's stock markets leading the rally. US stocks are also at record highs. But what's driving this rally?

The surge in tech stocks has bolstered the markets in 2024. While investors are still navigating interest rate dynamics, companies like Nvidia have soared exponentially, rising to over 150 per cent in the year. Reuters data shows that the MSCI's 47-country world stocks index has clocked up 11 per cent since January. Meanwhile, the top tech firms have surged 30 per cent. The magnificent seven alone has surged $8.3 trillion in the last 18 months. This contrasting jump explains the&nbsp;market's triumph.

This comes at a time when major economies have witnessed or are about to witness 'unexpected' elections. Election uncertainties have certainly caused market volatility, which has benefitted short-sellers as well. In Nvidia's recent $430 billion 3-day slump, short-sellers reportedly made $5 billion.

Gold and cryptocurrency shine

Cocoa prices surged to record highs of $11,000 in the initial months of 2024. Since then, the prices have witnessed a downward trend,&nbsp;declining to a 2-year low.

But what shines is GOLD! The yellow metal has hit record highs in 2024. The demand for safe-haven assets has overall surged in 2024, with investors looking for safer bets amid volatility.&nbsp;

Cryptocurrencies also made a comeback, with the approval of Exchange-Traded Funds (ETFs). The prices broke multiple record highs as it cruised through the $70,000 mark.

Global markets witnessed a lot of turbulence heading to this year. Geopolitical tensions and inflation concerns were at their peak. Cut to 6 months later, and the global markets have witnessed record highs.

Global markets witnessed a lot of turbulence heading to this year. Geopolitical tensions and inflation concerns were at their peak. Cut to 6 months later, and the global markets have witnessed record highs. Asian stocks have breached multiple peaks, with India & Pakistan's stock markets leading the rally. US stocks are also at record highs. But what's driving this rally? The surge in tech stocks has bolstered the markets in 2024. While investors are still navigating interest rate dynamics, companies like Nvidia have soared exponentially, rising to over 150 per cent in the year. Reuters data shows that the MSCI's 47-country world stocks index has clocked up 11 per cent since January. Meanwhile, the top tech firms have surged 30 per cent. The magnificent seven alone has surged $8.3 trillion in the last 18 months. This contrasting jump explains the market's triumph. This comes at a time when major economies have witnessed or are about to witness 'unexpected' elections. Election uncertainties have certainly caused market volatility, which has benefitted short-sellers as well. In Nvidia's recent $430 billion 3-day slump, short-sellers reportedly made $5 billion. Gold and cryptocurrency shine Cocoa prices surged to record highs of $11,000 in the initial months of 2024. Since then, the prices have witnessed a downward trend, declining to a 2-year low. But what shines is GOLD! The yellow metal has hit record highs in 2024. The demand for safe-haven assets has overall surged in 2024, with investors looking for safer bets amid volatility. Cryptocurrencies also made a comeback, with the approval of Exchange-Traded Funds (ETFs). The prices broke multiple record highs as it cruised through the $70,000 mark.

Global markets roundup: Tech rally leads global markets in 2024

In a major development for millions of merchants, a federal judge has indicated that Visa and Mastercard could be on the hook for a far larger settlement than the $30 billion accord she just rejected. U.S. District Judge Margo Brodie in Brooklyn explained her thinking Tuesday in an opinion that was released last Friday, three days after the judge rejected an initial preliminary settlement calling for payment by both major credit and debit card companies.

It had aimed to resolve allegations of more than 12 million retailers who claimed they had been overcharged for so-called "swipe fees," more formally known as interchange fees, paid to process Visa and Mastercard transactions.

"Without evidence of Visa’s and Mastercard's profitability, the court cannot say with certainty that defendants can withstand a greater judgement; however, the evidence strongly suggests that they could withstand a substantially greater judgement," Brodie wrote.

The 2005 antitrust litigation can proceed to trial if a new settlement is not made. Visa criticised the decision and maintained that an agreement between them and the merchants directly serves the best interest. Even Mastercard responded, explaining that settling would serve the interest of competition, saving millions of businesses from substantive money.

This settlement would reduce the standard 1.5% swipe fee to 3.5 per cent by 0.04 percentage point for three years, cap fees for five years, and give merchants more leeway to charge customers surcharges. The judge said the settlement wasn't the "best possible" recovery. She said it kept fees far higher than they would be without the alleged antitrust violations and continued to burden merchants with the "Honor All Cards" rule, which requires them to accept all Visa and Mastercard cards if any are accepted.

Many merchants objected to the settlement, as did several trade groups including the National Retail Federation.

With the litigation lingering, the possibility remains for an even bigger settlement-one that could totally revolutionise the financial dynamics for both merchants and the credit card giants.

In a major development for millions of merchants, a federal judge has indicated that Visa and Mastercard could be on the hook for a far larger settlement than the $30 billion accord she just rejected.

In a major development for millions of merchants, a federal judge has indicated that Visa and Mastercard could be on the hook for a far larger settlement than the $30 billion accord she just rejected. U.S. District Judge Margo Brodie in Brooklyn explained her thinking Tuesday in an opinion that was released last Friday, three days after the judge rejected an initial preliminary settlement calling for payment by both major credit and debit card companies. It had aimed to resolve allegations of more than 12 million retailers who claimed they had been overcharged for so-called "swipe fees," more formally known as interchange fees, paid to process Visa and Mastercard transactions. "Without evidence of Visa’s and Mastercard's profitability, the court cannot say with certainty that defendants can withstand a greater judgement; however, the evidence strongly suggests that they could withstand a substantially greater judgement," Brodie wrote. The 2005 antitrust litigation can proceed to trial if a new settlement is not made. Visa criticised the decision and maintained that an agreement between them and the merchants directly serves the best interest. Even Mastercard responded, explaining that settling would serve the interest of competition, saving millions of businesses from substantive money. This settlement would reduce the standard 1.5% swipe fee to 3.5 per cent by 0.04 percentage point for three years, cap fees for five years, and give merchants more leeway to charge customers surcharges. The judge said the settlement wasn't the "best possible" recovery. She said it kept fees far higher than they would be without the alleged antitrust violations and continued to burden merchants with the "Honor All Cards" rule, which requires them to accept all Visa and Mastercard cards if any are accepted. Many merchants objected to the settlement, as did several trade groups including the National Retail Federation. With the litigation lingering, the possibility remains for an even bigger settlement-one that could totally revolutionise the financial dynamics for both merchants and the credit card giants.

Visa and Mastercard face potentially higher settlement in swipe fee dispute

Meta, the parent firm of Facebook, will not rule out blocking news content in Australia should the government slap licensing fees. The regional policy director at Meta, Mia Garlick, gave testimony to this end at a parliamentary hearing on Friday.

Asked if Meta would block news content in the country, Garlick said "all options are on the table".&nbsp;

"There's a large number of channels that people can get news content from," Garlick told the inquiry.

She said Meta was waiting for Canberra to decide on applying an untested 2021 law that gives the government powers to compel US tech giants to pay fees to media outlets for links.

These comments are the clearest sign to date that it might take on a similar aggressive stance in Australia as it did last year in Canada at the tabling of such legislation.&nbsp;

Meta cut deals with Australian media companies including News Corp and the Australian Broadcasting Corp when the law was brought in Australia, but has since announced it won't renew these deals beyond 2024.

The Australian assistant treasurer has been left to decide whether to compel Meta FB to pay for news content. The assistant treasurer claimed that Meta seems to abide by the law only when it best serves the company.

Garlick explained that Meta might block news, as whatever it did would still be in compliance with the law. She added that Meta adheres to various laws, including tax, safety, and privacy laws, and therefore, the kind of compliance will differ in case this law is fully enacted.

"Every other law - tax laws, safety laws, privacy laws - we work to comply with," she said. "It's just compliance would look slightly different in relation to this law if it's fully enacted."

On the handling of misinformation and scams by Meta, Garlick said the content moderation centers cater to it from outside Australia, but there are reporting processes in place for Australians. She responded to concerns about scam ads-like those featuring Australian mining billionaire Andrew Forrest-by pointing out that detecting and stopping scams is very challenging, but Meta is indeed doing so.

How could Meta call itself an advertising business when "some ads sell lies", asked Greens Senator Sarah Hanson-Young.

"We have policies and systems and tools to do everything we can to prevent those ads," Garlick replied.

Meta, the parent firm of Facebook, will not rule out blocking news content in Australia should the government slap licensing fees. The regional policy director at Meta, Mia Garlick, gave testimony to this end at a parliamentary hearing on Friday.

Meta, the parent firm of Facebook, will not rule out blocking news content in Australia should the government slap licensing fees. The regional policy director at Meta, Mia Garlick, gave testimony to this end at a parliamentary hearing on Friday. Asked if Meta would block news content in the country, Garlick said "all options are on the table". "There's a large number of channels that people can get news content from," Garlick told the inquiry. She said Meta was waiting for Canberra to decide on applying an untested 2021 law that gives the government powers to compel US tech giants to pay fees to media outlets for links. These comments are the clearest sign to date that it might take on a similar aggressive stance in Australia as it did last year in Canada at the tabling of such legislation. Meta cut deals with Australian media companies including News Corp and the Australian Broadcasting Corp when the law was brought in Australia, but has since announced it won't renew these deals beyond 2024. The Australian assistant treasurer has been left to decide whether to compel Meta FB to pay for news content. The assistant treasurer claimed that Meta seems to abide by the law only when it best serves the company. Garlick explained that Meta might block news, as whatever it did would still be in compliance with the law. She added that Meta adheres to various laws, including tax, safety, and privacy laws, and therefore, the kind of compliance will differ in case this law is fully enacted. "Every other law - tax laws, safety laws, privacy laws - we work to comply with," she said. "It's just compliance would look slightly different in relation to this law if it's fully enacted." On the handling of misinformation and scams by Meta, Garlick said the content moderation centers cater to it from outside Australia, but there are reporting processes in place for Australians. She responded to concerns about scam ads-like those featuring Australian mining billionaire Andrew Forrest-by pointing out that detecting and stopping scams is very challenging, but Meta is indeed doing so. How could Meta call itself an advertising business when "some ads sell lies", asked Greens Senator Sarah Hanson-Young. "We have policies and systems and tools to do everything we can to prevent those ads," Garlick replied.

Meta's bold move: news blackout looms over Australia's licensing fee standoff

Major banks in the United Kingdom (UK) including HSBC, Nationwide, and Barclays suffered outages to their online banking services on Friday (June 28). Thousands of customers were hit by payment problems, a report by BBC said.

Major banks in the United Kingdom (UK) including HSBC, Nationwide, and Barclays suffered outages to their online banking services on Friday (June 28). Thousands of customers were hit by payment problems, a report by BBC said. Customers reported being unable to access their money or pay bills. The timing of this massive glitch was problematic given the last Friday of the month is when many salaried staff are usually paid. The group overseeing the payments system said the issue causing the problems was fixed, and the payment backlog had been cleared, BBC reported. However, several people told the network that they were still facing problems. What did the banks say? Earlier on Friday, HSBC acknowledged an outage affecting some users of its website and banking app, reported news agency Reuters. The bank said it had restored access to online and mobile banking. A spokesperson for the bank said a separate issue was affecting payments across several banks, causing delays in transactions between customers as well as failure notifications. Nationwide said some customers' salary or pension payments were delayed. While Virgin Money said some of its customers could not access online and mobile banking. What led to the outages? As per the BBC report, the banks were affected by issues with Faster Payments, a system that operates "under the bonnet" of the country's financial system. Pay UK, which oversees the system, said that it was aware that a small number of payments were delayed or not processed on Friday. "Working with our infrastructure provider, this technical issue has been fixed," Pay UK said, adding that payments returned to normal and the backlog was resolved. (With inputs from agencies)

Payment issues that affected major banks in UK are fixed

The China-European Union trade war is moving beyond EV and Pork probes. In the latest, the European Commission is raising concerns over its chipmakers staring at substantial losses in China. This comes as China eyes supremacy in critical technologies and the semiconductor industry with investment hikes.

Major European chipmakers could face limitations, according to Bloomberg News. The companies are not that advanced; rather, they make microcontrollers and other chips essential for key sectors of the economy, including automobiles and consumer electronics.

A European report quoted by Bloomberg reveals that discriminatory standards and other non-tariff barriers could be used to bolster China's domestic market. Other measures involve investing heavily in components like analog and power semiconductors.

Bloomberg had earlier reported on the Chinese government instructing their domestic EV players to purchase components from local auto chipmakers. This aims to reduce reliance on Western imports and boost China's domestic semiconductor industry.

China is reportedly spending more than $100 billion to build new chip plants. The country has significantly hiked spending after US-imposed sanctions on Chinese company's ability to buy high-end chips. China, so far, has been able to access the US tech through backdoor channels.

Earlier Chinese President Xi Jinping urged Chinese industries to step up innovation amid confrontation with the US.

The China-European Union trade war is moving beyond EV and Pork probes. In the latest, the European Commission is raising concerns over its chipmakers staring at substantial losses in China.

The China-European Union trade war is moving beyond EV and Pork probes. In the latest, the European Commission is raising concerns over its chipmakers staring at substantial losses in China. This comes as China eyes supremacy in critical technologies and the semiconductor industry with investment hikes. Major European chipmakers could face limitations, according to Bloomberg News. The companies are not that advanced; rather, they make microcontrollers and other chips essential for key sectors of the economy, including automobiles and consumer electronics. A European report quoted by Bloomberg reveals that discriminatory standards and other non-tariff barriers could be used to bolster China's domestic market. Other measures involve investing heavily in components like analog and power semiconductors. Bloomberg had earlier reported on the Chinese government instructing their domestic EV players to purchase components from local auto chipmakers. This aims to reduce reliance on Western imports and boost China's domestic semiconductor industry. China is reportedly spending more than $100 billion to build new chip plants. The country has significantly hiked spending after US-imposed sanctions on Chinese company's ability to buy high-end chips. China, so far, has been able to access the US tech through backdoor channels. Earlier Chinese President Xi Jinping urged Chinese industries to step up innovation amid confrontation with the US.

European chipmakers fear losing market share in China

Records, records and more records. That is the story of Indian stocks this month. After breaching multiple key milestones this week, Indian shares hit fresh all-time highs early on Friday. India's benchmark indices set multiple new milestones for the third straight session, surpassing key levels.&nbsp;

The blue-chip Sensex index is now eyeing the 80,000 points level. The broader nifty index is looking at the 25,000 mark. Both the benchmarks have breached year-end targets already. Still, analysts broadly expect the rally in Indian stocks to run further. The real question is - to what levels.&nbsp;

The Sensex index has risen over a staggering 7,000 points since a sharp slump on the election results day. For the index, the jump to 79,000 from 78,000 took just two trading sessions. On Friday, the index opened at a new record high of 79,458 and jumped further to a fresh life high of 79,672 points.&nbsp;

The Nifty index also started Friday at a new record of 24,086 and rose further to an all-time high of 24,174 points. These are levels not expected until the end of the year.&nbsp;

On Thursday, the Sensex opened at a record high of 78,759 and rose further to breach the 79,000 level for the first time ever. The index rose to an all-time high of 79,396 and closed at a record of 79,243. The broader Nifty index started at a new high of 23,882 and rose further to a new all-time high of 24,087. The index closed at a life high of 24,044. &nbsp;

In the previous session, too, both indices extended their bull run for another session of multiple milestones. Every measure on Wednesday and Thursday was a new milestone - record open, intra-day high not seen ever, and life high close.&nbsp;

Now, let's put the current bull run into context. The nifty index has marked some kind of a record in 14 of 15 sessions since June 7. Monday was the only exception in the record-high runs for the index. The rally is driven by positioning ahead of the budget on expectations of tax reforms and pro-growth announcements. The surge also suggests that the risk of a crash will increase if the government does not deliver on those expectations.&nbsp;

Records, records and more records. That is the story of Indian stocks this month. After breaching multiple key milestones this week, Indian shares hit fresh all-time highs early on Friday.

Records, records and more records. That is the story of Indian stocks this month. After breaching multiple key milestones this week, Indian shares hit fresh all-time highs early on Friday. India's benchmark indices set multiple new milestones for the third straight session, surpassing key levels. The blue-chip Sensex index is now eyeing the 80,000 points level. The broader nifty index is looking at the 25,000 mark. Both the benchmarks have breached year-end targets already. Still, analysts broadly expect the rally in Indian stocks to run further. The real question is - to what levels. The Sensex index has risen over a staggering 7,000 points since a sharp slump on the election results day. For the index, the jump to 79,000 from 78,000 took just two trading sessions. On Friday, the index opened at a new record high of 79,458 and jumped further to a fresh life high of 79,672 points. The Nifty index also started Friday at a new record of 24,086 and rose further to an all-time high of 24,174 points. These are levels not expected until the end of the year. On Thursday, the Sensex opened at a record high of 78,759 and rose further to breach the 79,000 level for the first time ever. The index rose to an all-time high of 79,396 and closed at a record of 79,243. The broader Nifty index started at a new high of 23,882 and rose further to a new all-time high of 24,087. The index closed at a life high of 24,044. In the previous session, too, both indices extended their bull run for another session of multiple milestones. Every measure on Wednesday and Thursday was a new milestone - record open, intra-day high not seen ever, and life high close. Now, let's put the current bull run into context. The nifty index has marked some kind of a record in 14 of 15 sessions since June 7. Monday was the only exception in the record-high runs for the index. The rally is driven by positioning ahead of the budget on expectations of tax reforms and pro-growth announcements. The surge also suggests that the risk of a crash will increase if the government does not deliver on those expectations.

Indian stocks rally: Sensex eyes 80,000 points