BlackRock, the world's largest asset manager, has restricted employee device usage in China due to rising US-China tensions. Staff must now use temporary phones and cannot use company laptops. This policy enhancement, effective July 16, reflects growing corporate anxiety after incidents involving Western executives being prevented from leaving China.
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Robert Kiyosaki is again sounding the alarm about the global financial system, urging investors to ditch fiat currencies for gold, silver, and Bitcoin. He criticizes the Federal Reserve's money-printing responses to crises, warning that the US is nearing a historic economic collapse. Kiyosaki advises saving in real assets, believing savers are losers in the current system.
Delhi High Court instructed Wipro to pay Rupees Two Lakh to an ex-employee. This was due to defamatory comments in the relieving letter. The court ordered Wipro to issue a new letter without the damaging statements. The original letter contained malicious remarks about the employee's conduct. The court emphasized that the remarks would harm the employee's career.
Widespread panic fueled by drone sighting rumors and suspicious activity has gripped towns in Uttarakhand and Uttar Pradesh, leading to tragic consequences. A 25-year-old laborer died in Udham Singh Nagar after being hit by a car amid the chaos. In Amroha, two separate mob attacks left eight injured, with villagers mistaking victims for thieves.
The EU's upcoming ban on Russian-derived fuels, effective January 21, presents a temporary reprieve but poses challenges for Indian exporters due to its narrow classification. The EU requires proof of crude oil origin, potentially impacting fuel exports from India, a major importer of Russian oil.
President Trump has urged American tech companies to prioritize hiring in the US, aiming to curb overseas job creation in countries like India and China. Speaking at an AI summit, he criticized "radical globalism" and called for a shift towards national loyalty within Silicon Valley. Trump's remarks signal a push to reclaim US dominance in AI, prompting concerns within the tech industry regarding global operations and supply chains.
Intel, under new CEO Lip-Bu Tan, is implementing significant cost-cutting measures, including slashing approximately 24,000 jobs and abandoning major expansion projects in Germany and Poland. The restructuring aims to address recent financial losses and refocus the company on AI chips while regaining market share. These hard decisions are deemed necessary to streamline operations and drive future growth.
The J&K government is cracking down on Kashmiri handicraft dealers who are misrepresenting machine-made products as authentic, handmade items. Notices have been issued, threatening blacklisting for those who fail to remove the fake goods. This action follows complaints and the deregistration of a retailer for selling a machine-made carpet as a genuine, GI-certified Kashmiri handicraft, aiming to protect the region's artisan legacy.
The Allahabad High Court dismissed a medical negligence case petition, highlighting concerns about private hospitals exploiting patients for financial gain. The case involved a doctor accused of negligence leading to a foetal death and demanding extra money. The court emphasized that protection applies only to diligent medical professionals, not those running poorly equipped facilities solely for profit, stressing the importance of ordinary care in treatment.
Karnataka CM Siddaramaiah has strongly criticized Goa CM Pramod Sawant's remarks regarding the Mahadayi river water project, deeming them an insult to the people of Karnataka. Karnataka vows to fight for its rightful share of the project legally, politically, and morally, emphasizing the project's importance for North Karnataka's drinking water needs.
LJP (Ram Vilas) chief Chirag Paswan has strongly criticized the Nitish Kumar-led Bihar government over the state's deteriorating law and order situation. Paswan expressed concern about rising crime rates, including incidents of murder, rape, and robbery, questioning the administration's ability to maintain control. While acknowledging Kumar's past achievements, Paswan insisted that silence is not an option.