Microsoft has initiated its second major workforce reduction this year, laying off approximately 9,000 employees globally. The Xbox gaming division is significantly impacted, leading to game cancellations and studio closures. These cuts aim to streamline operations, reduce management layers, and refocus resources towards artificial intelligence. Affected employees will receive severance packages and job placement assistance.
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President Trump expressed optimism about a potential ceasefire between Israel and Hamas, suggesting a deal could be reached as early as next week. This follows renewed violence after Israel declared a previous truce over, exacerbating the humanitarian crisis in Gaza. Despite resumed aid flow and US funding, concerns persist over aid distribution, with reports of casualties near distribution centers.
China insists on approving the next Dalai Lama. However, the current Dalai Lama says the selection should follow Tibetan Buddhist traditions. He reiterated this ahead of his 90th birthday. The Dalai Lama has entrusted the Gaden Phodrang Trust with overseeing the search. The current Dalai Lama fled to India in 1959.
The Indian Consulate in San Francisco has condemned recent shootings at the Iskcon Sri Sri Radha Krishna Temple in Spanish Fork, Utah, urging swift action to bring the perpetrators to justice. The temple, known for its annual Holi Festival, suffered damage from 20 to 30 bullets fired over several days.
At the SCO Defence Ministers' meeting in China's Qingdao, Rajnath Singh criticized Pakistan for supporting cross-border terrorism, emphasizing that such double standards should not be tolerated. He highlighted the challenges of radicalization, extremism, and terrorism in the region, advocating for united action against these threats.
President Trump accuses Democrats of leaking intelligence regarding a U.S. strike on Iranian nuclear sites, calling for prosecution. The FBI is investigating the leak of a DIA report suggesting the strikes were ineffective, with the administration suspecting a personal grievance against Trump motivated the leaker.
Iran's Supreme Leader Ayatollah Ali Khamenei, in his first address since the ceasefire, sharply criticized the United States for its direct involvement in the recent conflict, including strikes on Iranian nuclear sites. Khamenei claimed Iran emerged victorious, delivering a "hard slap" to America, and dismissed President Trump's actions as mere "showmanship.
Pakistani seamer Mohammad Abbas and Indian wicket-keeper batter Ishan Kishan, both playing for Nottinghamshire, are winning hearts in the County Championship. Their camaraderie was evident when Kishan caught Lyth's dismissal off Abbas's bowling. Kishan, making his debut, scored a quick 87.
Indian e-commerce giants Swiggy and Eternal are outperforming domestic indices and Asian peers, fueled by the rapid growth of quick commerce. This sector, projected to reach $100 billion by 2030, sees established players like Swiggy, Zomato's Blinkit, and Zepto maintaining market dominance due to efficient delivery and established supply chains, contrasting with challenges faced by Chinese counterparts.
Gold price prediction today: Gold rates are declining due to easing Iran-Israel tensions and reduced demand for safe-haven assets. Despite hitting an all-time high last week, gold prices have consolidated, with bearish sentiment emerging. Analysts suggest a 'Sell on Rise' strategy, anticipating a test of downside support levels in both MCX and international spot markets.
Tensions appear to be simmering within the NDA as Jitan Ram Manjhi warns Chirag Paswan against repeating his 2020 election strategy, hinting at potential consequences. Paswan responded diplomatically, defusing the situation, while the RJD seized the opportunity to highlight perceived rifts within the ruling alliance. The upcoming Bihar elections are anticipated to be a high-stakes battle.