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Business news across the world.
1. The Global Economic Downturn’s Ripple Effect: The much-feared global recession is here, and it’s hitting IT spending hard. Companies worldwide are tightening belts, delaying projects, and re-evaluating outsourcing strategies. This translates to a decline in new contracts and project renewals for Indian IT firms, especially those heavily reliant on traditional outsourcing models. 2. The … Read more
Supplying information on how the service charge is spent is a legal requirement. Summary: Under section S.22 of the Landlord and Tenant Act 1985, leaseholders (Mallard House residents in this case) have the right to see information on the service charge spent. The managing agent (in this case Rendall & Rittner), should respond to the … Read more
“Tesla Eyes Indian Roads: Elon Musk and Mukesh Ambani in Talks for EV Venture! The buzz around Tesla’s India debut is heating up as reports reveal discussions between Tesla and Reliance Industries for a potential joint venture. With India emerging as a key player in the global automobile market, Tesla CEO Elon Musk emphasized the … Read more
AI reshaping workforce dynamics with severe Job losses A recent survey by Adecco Group suggests that artificial intelligence (AI) will lead to job reductions in many companies over the next five years. Around 41% of senior executives anticipate smaller workforces due to AI technology based on a survey of executives at 2,000 large companies worldwide. … Read more
AI revolutionizing the real estate business Real estate firms are now turning to advanced technology like artificial intelligence (AI) to analyze leases, value properties, communicate with tenants and manage properties more efficiently. In a recent gathering of property professionals in New York, many reported using generative AI, a sophisticated form of AI that creates content … Read more
The US and UK have signed a groundbreaking agreement to collaborate on evaluating risks posed by emerging artificial intelligence (AI) models, marking the world’s first bilateral arrangement on AI safety. The US and UK have agreed to work together to deal with the risks of new artificial intelligence (AI) technology. They want to make sure … Read more
Google considering to charging for AI-powered Search Google is thinking about charging for special features in its search engine that use advanced artificial intelligence. This could be a big change for Google, as it has never made people pay for its main search engine before. These new features might include things like better search results … Read more
Trump Among World’s Richest 500 but is he still broke Former US President Donald Trump’s financial troubles took an unexpected turn as his wealth soared. Facing a New York lawsuit demanding a $500 million bond, a court reduced it to $175 million. Meanwhile, his social media company completed a merger, boosting his net worth by over … Read more
What Is Blockchain? Blockchain is a system for recording & storing information and transactions in a database that is distributed across a network of computer systems. The blockchain database is referred to as a “ledger”, and for this reason, blockchain is also referred to as “distributed ledger technology.” Blockchain ledgers can be made either public … Read more