Lenders in India are urging the central bank to relax tighter rules for foreign-exchange transactions, which came as bets that could exert strain on the rupee climbed to at least $30 billion, according to people familiar with the developments. In talks on Saturday, banks sought to delay an April 10 deadline for them to comply with the new rules that would require a significant amount of positions ...
Lenders in India are urging the central bank to relax tighter rules for foreign-exchange transactions, which came as bets that could exert strain on the rupee climbed to at least $30 billion, according to people familiar with the developments. In talks on Saturday, banks sought to delay an April 10 deadline for them to comply with the new rules that would require a significant amount of positions to be closed, the people said, asking not to be named discussing private matters. They said unwinding at such a scale would trigger large losses on their books and also urged that the new rules apply only to new bets, the people said. The Reserve Bank of India said after markets closed on Friday that lenders acting as authorized dealers in the rupee must ensure their open positions in the onshore currency market do not exceed $100 million at the end of each trading day. Previously, they were permitted to set so-called open position limits to within 25% of their capital. The bets are mainly in the offshore non-deliverable forwards market, with a smaller fraction in the futures market, and the transactions involved purchasing dollars onshore and selling them overseas, the people said. The RBI didn’t immediately respond to an email seeking comment outside of regular business hours. Onshore dollar buying has exerted strain on the rupee, which fell to a new low on Friday, weakening past the closely watched 94-per-dollar mark for the first time. The currency has dropped more than 4% since the war in Iran began in late February and is Asia’s worst performer this year as elevated oil prices compounded fears of inflation and a wider trade deficit for the import-driven nation. Lenders will be forced to sell dollars in the onshore market to unwind bets to comply with the rule, potentially sparking sharp gains in the rupee when trading resumes on Monday, the people said. That will in turn hurt the banks that have built short positions. After the central bank’s move, CR Forex Advisors n...
Google has introduced TurboQuant, an AI compression technology designed to sharply cut memory needs for AI models. The announcement triggered a rapid sell-off in memory related stocks, including NasdaqGS:SNDK, as investors reassessed long term demand assumptions. The move raises questions about future requirements for solid state drives and DRAM across AI data centers and consumer devices. For you...
Google has introduced TurboQuant, an AI compression technology designed to sharply cut memory needs for AI models. The announcement triggered a rapid sell-off in memory related stocks, including NasdaqGS:SNDK, as investors reassessed long term demand assumptions. The move raises questions about future requirements for solid state drives and DRAM across AI data centers and consumer devices. For you as an investor, TurboQuant lands squarely on the core of Sandisk's business, which centers on...
No one has ever accused the U.S. Navy of moving too fast. It's been nearly 10 years since the Navy announced it would build a new fleet of 12 nuclear-powered, nuclear ballistic missile-armed Columbia-class submarines to replace its aging Ohio-class boats. It was three more years before the first steel was cut, and six years since the first keel was laid. It will be 2027 before the first boat is ac...
No one has ever accused the U.S. Navy of moving too fast. It's been nearly 10 years since the Navy announced it would build a new fleet of 12 nuclear-powered, nuclear ballistic missile-armed Columbia-class submarines to replace its aging Ohio-class boats. It was three more years before the first steel was cut, and six years since the first keel was laid. It will be 2027 before the first boat is actually delivered, and it could be as late as 2031 before it's operationally ready -- 15 years, start to finish. That doesn't mean the money isn't already flowing, however. Continue reading
U.S. hyperscalers say they have plans to spend over $700 billion on data center build-outs in 2026 alone. While the majority of that spending will go toward GPUs and CPUs, there are a lot more components that go into those data centers than computer processors. Investors looking beyond AI chipmakers may find some excellent opportunities. One such opportunity is Arista Networks (NYSE: ANET) . The c...
U.S. hyperscalers say they have plans to spend over $700 billion on data center build-outs in 2026 alone. While the majority of that spending will go toward GPUs and CPUs, there are a lot more components that go into those data centers than computer processors. Investors looking beyond AI chipmakers may find some excellent opportunities. One such opportunity is Arista Networks (NYSE: ANET) . The company produced phenomenal results in 2025 on the back of massive AI spending, and management expects 2026 to be even better. In fact, it raised its 2026 outlook alongside its fourth-quarter earnings release. But its call for 25% revenue growth this year may be too conservative. Image source: Getty Images. Continue reading
The presenter would do Common People at karaoke and avoids 6 Music during intimate moments. But which multilingual song makes him cry? The first song I fell in love with My dad had a quite a small record collection, but it was pretty good, he had all the classics: Bob Marley, Bill Withers, Ella Fitzgerald, Tina Turner. But I vividly remember loving America by Simon and Garfunkel – there’s a sense ...
The presenter would do Common People at karaoke and avoids 6 Music during intimate moments. But which multilingual song makes him cry? The first song I fell in love with My dad had a quite a small record collection, but it was pretty good, he had all the classics: Bob Marley, Bill Withers, Ella Fitzgerald, Tina Turner. But I vividly remember loving America by Simon and Garfunkel – there’s a sense of hope to it, like a feeling of wanting to escape. We spent a lot of time in the car, going on drives that didn’t really go anywhere, like that was our entertainment – we’d sing along in the car, me, my mum and dad. The first single I bought I remember my mum bought me a tape called Hardcore Ecstasy, which is a great compilation – I was genuinely seven. I just loved it. I think rave is so appealing to a seven-year-old, you know, it’s so noisy and vibrant. But the first song I remember buying is It’s Oh So Quiet by Björk, in Oldham’s HMV. It was weird and stuck out to me – I was nine. I think if I’m honest, I bought it based on the font and the silver metallic hyper-futuristic look – I didn’t know who she was, but I liked her DIY fringe. Continue reading...
Warner Bros-owned brand’s late arrival to British TV prompts deals for viewers as battle for subscribers heats up The launch of HBO Max into the increasingly crowded UK television market last week has prompted deals for consumers as former rivals team up amid a slowdown in subscriber growth. The Warner Bros Discovery (WBD) streaming service hopes a competitive price for direct sign-ups and deals b...
Warner Bros-owned brand’s late arrival to British TV prompts deals for viewers as battle for subscribers heats up The launch of HBO Max into the increasingly crowded UK television market last week has prompted deals for consumers as former rivals team up amid a slowdown in subscriber growth. The Warner Bros Discovery (WBD) streaming service hopes a competitive price for direct sign-ups and deals bundling the service through Sky will make it a must-have and not an also-ran, in a British TV ecosystem upended by Netflix 14 years ago . Continue reading...
Sending painting to artist’s namesake school in Salford is a first for gallery, and has brought huge benefits “Art feels different when it is close enough to breathe the same air,” said school principal Claire Coy, describing the thrill of being loaned a painting from a national collection. “I have visited many, many galleries and loved my experience but nothing has matched this.” Coy’s school, th...
Sending painting to artist’s namesake school in Salford is a first for gallery, and has brought huge benefits “Art feels different when it is close enough to breathe the same air,” said school principal Claire Coy, describing the thrill of being loaned a painting from a national collection. “I have visited many, many galleries and loved my experience but nothing has matched this.” Coy’s school, the Lowry Academy in Salford, has this week been the temporary home for LS Lowry’s Dwelling, Ordsall Lane, Salford , painted in 1927. It is the first time Tate has lent to a school and even though it has been for only two days, the benefits have been enormous, teachers and curators say. Continue reading...
Who needs Worthy Farm? From woodland raves and psych freakouts to fell walks and barbecue hoedowns, there’s a festival for everyone this summer. And some of them don’t even require a tent Download 10 to 14 June, Donington, Leicestershire If you needed another reminder of the cultural capital currently wielded by the sounds and styles of the early 2000s, witness nu-metal veterans Limp Bizkit and Li...
Who needs Worthy Farm? From woodland raves and psych freakouts to fell walks and barbecue hoedowns, there’s a festival for everyone this summer. And some of them don’t even require a tent Download 10 to 14 June, Donington, Leicestershire If you needed another reminder of the cultural capital currently wielded by the sounds and styles of the early 2000s, witness nu-metal veterans Limp Bizkit and Linkin Park headlining the UK’s biggest rock festival alongside Guns N’ Roses, who continue to fly the flag for Donington’s Monsters of Rock heritage. Further down the poster you’ll find the really adrenalised stuff: Blood Incantation’s cosmic death metal; Drain’s febrile hardcore; and Die Spitz’s peerlessly cool doom-punk hybrid. Huw Baines Continue reading...
US release of horror novel Shy Girl cancelled and UK book discontinued after suspected AI use, as publishers feel ‘cold shiver’ Recently, the literary agent Kate Nash started noticing that the submission letters she was receiving from authors were becoming more thorough – albeit also more formulaic. “I took it as a rise in diligence,” she said. “I thought it was a good thing.” Continue reading...
US release of horror novel Shy Girl cancelled and UK book discontinued after suspected AI use, as publishers feel ‘cold shiver’ Recently, the literary agent Kate Nash started noticing that the submission letters she was receiving from authors were becoming more thorough – albeit also more formulaic. “I took it as a rise in diligence,” she said. “I thought it was a good thing.” Continue reading...
The average one-year price target for Vusion (ENXTPA:VU) has been revised to €239.13 / share. This is a decrease of 11.60% from the prior estimate of €270.53 dated February 21, 2026. The price target is an average of many targets provided by analysts. The late
The average one-year price target for Vusion (ENXTPA:VU) has been revised to €239.13 / share. This is a decrease of 11.60% from the prior estimate of €270.53 dated February 21, 2026. The price target is an average of many targets provided by analysts. The late
ByteDance has bolstered its controversial video-generation model Seedance 2.0 with “advanced” watermarking and intellectual property (IP) protection guardrails ahead of its global roll-out, the TikTok owner has said. The much-anticipated international release comes amid intense scrutiny from Hollywood studios over alleged IP theft after numerous Seedance-generated videos featuring famous Hollywood...
ByteDance has bolstered its controversial video-generation model Seedance 2.0 with “advanced” watermarking and intellectual property (IP) protection guardrails ahead of its global roll-out, the TikTok owner has said. The much-anticipated international release comes amid intense scrutiny from Hollywood studios over alleged IP theft after numerous Seedance-generated videos featuring famous Hollywood actors and characters went viral in February. On Wednesday, ByteDance said its global safety and...
Beijing-based high-school teacher Jiang Xueqin may not seem like an obvious candidate for a geopolitical “prophet”. Dressed casually in a polo shirt, the greying Chinese-Canadian looks unassuming. But through his hugely popular Predictive History YouTube channel, Jiang has become known as “China’s Nostradamus”, gaining a following for his outlook on world affairs. While most of his fans are outsid...
Beijing-based high-school teacher Jiang Xueqin may not seem like an obvious candidate for a geopolitical “prophet”. Dressed casually in a polo shirt, the greying Chinese-Canadian looks unassuming. But through his hugely popular Predictive History YouTube channel, Jiang has become known as “China’s Nostradamus”, gaining a following for his outlook on world affairs. While most of his fans are outside China, his lectures and interviews have been translated and uploaded on Chinese social media...
Advocates for ending birthright citizenship point to "birth tourism" schemes to argue that the legal principle is ripe for exploitation and threatens national security. Experts say it's not so simple. (Image credit: Mark Schiefelbein)
Advocates for ending birthright citizenship point to "birth tourism" schemes to argue that the legal principle is ripe for exploitation and threatens national security. Experts say it's not so simple. (Image credit: Mark Schiefelbein)
Nearly all the bicycles sold in the United States are made overseas. An Indiana company set out to change that — and it's seeking a push from the Trump administration's tariffs. (Image credit: Scott Horsley)
Nearly all the bicycles sold in the United States are made overseas. An Indiana company set out to change that — and it's seeking a push from the Trump administration's tariffs. (Image credit: Scott Horsley)