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AI firm G42, Axios reported on Saturday, citing two people familiar with the deal. Microsoft invested $1.5 billion in G42 earlier this year, giving the U.S. company a minority stake and a board seat. As part of the deal, G42 would use Microsoft's cloud services to run its AI applications. The deal, however, was scrutinized after US lawmakers raised concerns G42 could transfer powerful US AI technology to China. They asked for a US assessment of G42's ties to the Chinese Communist Party, military and government before the Microsoft deal advances.

Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital on Saturday said a creditor-led resolution framework under the bankruptcy law is in the offing. The move aims to lower the workload of the adjudicating authority by enabling the committee of creditors (CoC) to take on greater responsibility and expedite the rescue of stressed firms, he said. «We would be happy if less work goes before the NCLT (National Company Law Tribunal),» Mital said, conceding that the adjudicating authority is now over-burdened. He also rooted for a formal group insolvency framework. Mital was speaking at an international conclave, organised by IBBI and INSOL India.

Textile industry insiders in Surat said they are getting enquiries for the production and supply of ready-to-wear garments from such brands. If these materialise into orders, they estimate the growth of Surat's garment sector could accelerate to 20-25%, from the current 12% a year. Textile hubs in Tamil Nadu, Punjab and Noida too could benefit from new orders, they said. While Bangladesh is the second-largest exporter of ready-made garments behind China, it is highly dependent on the fabric supplied from Surat, the textile city of India. As big brands are looking for alternative sources amid increasing political instability and law and order issues, as well as unrest among textile industry workers, in Bangladesh, Indian companies see it as an opportunity to supply more value-added products to global markets.

The nuclear submarine USS Arkansas has been christened, almost a decade since the U.S. Navy announced that a Virginia-class submarine would bear the state’s name

Ellen DeGeneres and her spouse Portia de Rossi's decision to relocate to the UK is related to their marital difficulties as they seek a fresh start, according to reports. The couple left the country after the outcome of the most recent US presidential election. But Ellen DeGeneres's career scandal appears to have put her marriage to Portia de Rossi to the test, leading them to move to freshen things up. According to a report by Blast, DeGeneres and de Rossi had marital problems prior to moving overseas, but they decided to stick together and defend their union.

Mineards, a well-known resident of the upscale California community, expressed disappointment in Markle’s perceived detachment from local affairs. “She doesn’t really go out or get involved with the community,” Mineards remarked, contrasting her with her husband, Prince Harry, whom he described as “quite jolly” but also rarely seen in the neighborhood, as quoted in the Pinkvilla report.

King Charles cautioned Prince William to not make the mistakes that he made in marriage, according to an expert. His father told William that there’s nothing more important than family, warning Prince William about his marriage. He simply fulfilled his obligations, and his marriage suffered because he neglected it. The king's past has lessons to teach us, as quoted in a report by Fox News. At a polo match in 1970, Charles got to know Camilla Parker Bowles. Although they grew close, his eight months of naval duty cut short their romance. In 1973, Camilla married army officer Andrew Parker Bowles, her long-time boyfriend, while he was away. Charles married Lady Diana Spencer in 1981. The union faced numerous issues and was the subject of tabloid scrutiny.

Online sales have surged 25-30% in the past one year, said Manish Gupta, chief executive of Titan's Fragrances and Fashion Accessories Division, triggering a sudden spike in a market that he estimates is now worth ₹4,500 crore. «The hockey-stick curve is starting now in the perfume category,» Gupta said, highlighting the rapid market evolution from basic deodorants to sophisticated fragrances.

However, for some couples, a partner’s passion for Swift’s music has reportedly contributed to marital discord, even ending in divorce. Several women have shared their experiences, attributing their marital struggles—and ‘eventual liberation’—to the influence of the singer’s music, as mentioned in an exclusive report by the New York Post.

Cardi B shuts down speculation and says she spends $3 million per month. Cardi B wants her haters to know that she truly has it that way. In collaboration with SHEIN, the rapper posted a video to her Instagram on Tuesday. The Grammy Award winner's collaboration with the fast fashion brand exposed her to criticism from her haters, despite her preference for luxury brands. Cardi, who hasn't put out a full studio album since Invasion of Privacy in 2016, was accused by some of being too poor to turn down opportunities, as quoted in a report by Complex.

Geir Pedersen, has called for urgent talks in Geneva to ensure an "orderly political transition" in Syria. Speaking to reporters at the annual Doha Forum in Qatar, he said the talks in Switzerland would discuss the implementation of a UN resolution that called for a Syrian-led political process.

Mamata Banerjee's reported statement «willing to lead INDIA bloc», BJP leader Locket Chatterjee said on Saturday that the Congress' existence is diminishing politically so CM Mamata wants to become the face of the opposition. Speaking to ANI, Chatterjee said that nothing that Mamata Banerjee says can be trusted. «Everyone in India Block was united to defeat BJP but Congress is not there in the results of Haryana, Maharashtra and Jharkhand… Congress's existence is diminishing politically, so Mamata Banerjee wants to become the face of the Leader of the Opposition… However, nothing she (Mamata Banerjee) says can be trusted,» the BJP leader said.

The BJP alleged on Thursday that the US deep state colluded with the media portal OCCRP (Organised Crime and Corruption Reporting Project) and Congress leader Rahul Gandhi to «damage» India's image. The BJP had cited Gandhi's use of reports by OCCRP to attack the Adani Group and to accuse it of having closeness with the government.

Subscribe to enjoy similar stories. Canada and its prime minister, Justin Trudeau, have a Donald Trump problem. The pair had an at-times rocky relationship during Trump’s first term in the White House, and the president-elect couldn’t resist getting in a dig last week during their impromptu meeting over dinner at Mar-a-Lago, his Florida estate.

Anantha Nageswaran has pointed out that listed companies are making higher profits but they are paying less to their employees. Nageswaran nudged the private corporate sector to hire more and find the “right balance between capital-intensive and labour-intensive growth”, underling that while profits of listed companies--as a percentage of GDP--hit a 15-year high in 2023-24, their wage cost increase decelerated. Without a judicious balance between the share of corporations’ income making up their profits and that going to workers as wages, there won’t be adequate demand in the economy for companies’ own products to be bought, the CEA said at an event a few days ago. Sustained income growth bolsters both consumption and savings, eventually spurring economic expansion. “In other words, not paying workers well or not hiring workers enough will end up being actually self-destructive or harmful for the corporate sector itself and for small enterprises,” Nageswaran said, stressing that even legendary economist Adam Smith had written The Theory of Moral Sentiments before his seminal work--The Wealth of Nations. “The most important ingredient of long term growth and consumption is to ensure employment income growth and, thus, spending power growth. Otherwise, it will become a mutually self-destructive cycle,” the CEA said.

New Mexico environmental regulators have issued a $47.8 million fine on allegations of excess air pollution at a natural gas processing facility in a prolific oil production region

Nearly four days after the shooting of UnitedHealthcare CEO Brian Thompson, police still do not know the gunman’s name or whereabouts or have a motive for the killing

Super Micro Computer said on Friday it has received an extension from the Nasdaq till Feb. 25 to file its delayed annual and quarterly reports, sending the AI server maker's shares up 5% in extended trading. Last month, Super Micro named BDO USA as its auditor and submitted a compliance plan to the stock exchange to file its annual and quarterly reports, after its listing came under threat when it failed to file its annual report in August. The company in August cited a need to assess «its internal controls over financial reporting» for the delay, a day after Hindenburg Research disclosed a short position.

UnitedHealthcare CEO Brian Thompson earlier this week. Police have launched a manhunt for suspect who gunned down a healthcare chief executive in New York. UnitedHealthcare boss Brian Thompson, 50, was fatally shot in the back on Wednesday morning outside the Hilton hotel in Midtown Manhattan. Police say Thompson was targeted in a pre-planned killing, for which they do not yet have a motive. Many of Thompson's peers expressed grief over the fatal shooting, the killing also set off a morbidly gleeful celebration on social media. Posters on sites like X and Reddit applauded and joked about the crime to vent frustration and anger with health insurers.