Market News

political news

Wealth

Tech & Innovation

  • US Tech-Sector Layoffs Keep Mounting as Other Job Cuts Decline
    by Julia Fanzeres on May 7, 2026 at 9:30 am

    Planned job cuts continued to mount in the US technology sector last month, bringing the year-to-date total to a three-year high even as overall private-sector layoff announcements receded.

  • Ruchir Sharma on Why India Seems to Be on the Wrong Side of the AI Trade
    on May 7, 2026 at 9:27 am

    India is being viewed as lagging the global AI trade as investors prioritise chips, compute and infrastructure. Ruchir Sharma explains how low R&D spending and exposure of software and outsourcing jobs are weighing on sentiment. He also outlines potential positives, including strong nominal GDP growth, a valuation reset opportunity, and the chance for India to benefit later as AI adoption shifts toward productivity gains. Rockefeller International Chairman Ruchir Sharma joined Haslinda Amin on Insight with Haslinda Amin. (Source: Bloomberg)

  • Two Indian Conglomerates to Plow $1 Billion in EV, Battery Tech
    by Alisha Sachdev on May 7, 2026 at 8:42 am

    Two Indian conglomerates are looking to spend nearly $1 billion to build domestic capabilities in electric-vehicle and battery technologies, people familiar with the matter said, reflecting a growing urgency on the part of the country’s biggest companies to reduce their reliance on Chinese technology.

  • Amazon Cuts Workers, Phases Out Grocery Service in Singapore
    by Tassia Sipahutar, Srinidhi Ragavendran on May 7, 2026 at 8:19 am

    Amazon.com Inc. said a “small number of roles” in Singapore will be impacted as it phases out local fulfillment including Amazon Fresh in the city-state.

  • US & Iran Weigh Potential Deal to End War as Trump Seeks Offramp | Daybreak Europe 5/7/2026
    on May 7, 2026 at 8:15 am

    On today's show, the US and Iran are considering a fresh proposal to end the war, as the US President searches for an exit from the conflict. Donald Trump says Iran has agreed that it cannot have a nuclear weapon, though Iranian state media have signaled that parts of the US proposal are unrealistic. Bloomberg understands that China has told its biggest banks to suspend new loans to five refiners sanctioned by the US - reversing guidance from just four days ago. Plus the German maker of medical equipment, Siemens Healthineers, cuts its full-year comparable sales forecast, saying the weaker outlook reflects structural changes in China's diagnostics market, along with stronger inflation pressures. Today's guest: Bernd Montag, Siemens Healthineers, CEO. Correct: Video edited at 00;01;20 to reflect German factory orders in graphic. Correct: Video edited at 00;39;19 to replace incorrect graphic. (Source: Bloomberg)