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• Industry experts expressed strong optimism regarding the future of AI startups in India during a June 2026 announcement in Bengaluru. • The growth is driven by an accelerating demand for automation, operational efficiency, and data-driven insights across various business sectors. • This trend signifies a strategic shift in the Indian economy as companies integrate artificial intelligence to maintain competitiveness and scale operations.

People told to prepare for waves of up to three metres in parts of the Philippines, with smaller waves possible in Indonesia and MalaysiaA magnitude 7.8 earthquake shook part of the southern Philippines early on Monday, sparking tsunami warnings on some regional coasts, collapsing some houses and killing at least one person.“Many buildings were affected, but I cannot enumerate them now because we are busy with ongoing rescues,” Master Sergeant Robert Dagon of the General Santos City police told Agence France-Presse. Continue reading...

• U.S. stock indexes declined and Treasury yields rose on Friday following a surprisingly strong May jobs report. • The robust labor market data has dampened investor expectations for additional interest rate cuts from the Federal Reserve this year. • This shift highlights the ongoing tension between strong economic growth and the central bank's efforts to curb inflation through higher rates.

• Major U.S. stock indexes declined on Friday, driven by a second consecutive day of losses in technology and AI-tied shares. • The downturn threatened the S&P 500's streak of 10 consecutive weekly gains as investors reacted to market volatility. • Treasury yields surged following a May employment report that showed stronger-than-expected job growth, signaling that the labor market remains tight.

• Corporate India concluded FY26 with strong earnings growth, characterized by double-digit gains in Profit After Tax (PAT), sales, and EBITDA according to a report by Motilal Oswal. • The growth was primarily driven by the financials, metals, and oil marketing companies (OMCs) sectors, with mid-cap companies notably outperforming larger entities. • This trend is significant as it indicates broad-based resilience across key industrial sectors and suggests a positive trajectory for Nifty-50 earnings.

• AirAsia MOVE reports that short-haul travel within Southeast Asia remains a primary tourism driver, noting that travelers are increasingly booking closer to departure dates and monitoring costs. • The company emphasizes the need for collaboration between the Thai government and private sectors to maintain Thailand's global competitiveness through positive communication and confidence building. • Other regional developments include Vietjet celebrating a 50-million passenger milestone and the launch of Taiwan's "Go Healthy with Taiwan 2026" global campaign.

The US president’s backing of Maga extremists turns off the very voters Republicans need to win over in the midtermsDonald Trump gave it a minute.At 9.01pm it was confirmed that Texas attorney general Ken Paxton – a hardliner backed by the US president – had triumphed over incumbent John Cornyn in the state’s Republican primary runoff for the US Senate. By 9.02pm, Trump had started celebrating on social media. Continue reading...

News will come as a shock to staff, especially at Cranfield, but the institutions’ bosses say intention is growthThe announcement that King’s College London is to absorb Cranfield University came as a surprise but not a shock to England’s higher education leaders, who have been braced for sudden announcements about job cuts and course closures.But for staff and students at both institutions the news will have come as a shock, particularly at Cranfield, the smaller, highly focused postgraduate technology and management college that has its own airport. Continue reading...

• The United States Women's National Team secured a 3-0 victory over Japan in a friendly match held in Colorado on May 12, 2026. • Kennedy Wesley, coming off the bench in her sixth cap, scored her first international goal and provided her first assist, highlighting the team's depth. • Sophia Wilson made her return to the USWNT after nearly a two-year hiatus, contributing to the dominant performance against the Japanese side.

• U.S. stocks surged last week with the S&P 500 and NASDAQ reaching new record highs, supported by stronger-than-expected April jobs data and solid tech earnings. • The S&P 500 climbed 10.42% in April to close at a record 7,209.01, while the Nasdaq 100 rallied 15.64% and Dow gained 7.14%, led by mega-cap tech and AI enthusiasm. • Employment growth exceeded forecasts in April with unemployment steady at 4.3%, while Q1 earnings for the Magnificent Seven are projected to grow 45.7% year-over-year.

• IGM Financial reported Q1 2026 results highlighting a strong quarter start with record client assets under management and a significant 20% aggregate growth rate. • Management characterized the quarter as demonstrating resilient operating conditions across the financial services firm's business segments. • Record asset levels suggest robust client confidence and successful capital deployment during a period of economic recovery in Canadian and international markets.

• The US economy showed strength with private sector payrolls rising 123,000 in the latest month after 190,000 previously, beating expectations by double, while unemployment holds at 4.3% near full employment. • Atlanta Fed GDPNow forecasts 3.7% annual growth for Q2, with weekly unemployment claims at rock bottom and no recession in sight despite left-wing critiques. • Blue-collar nonsupervisory workers saw 3.7% hourly earnings growth and 1% hours increase, yielding 4.7% wage-income proxy rise outperforming white-collar gains.

• Over the last 7 days, the US market rose 3.2% and is up 31% over the past year, with earnings forecast to grow 16% annually, spotlighting undiscovered gems based on debt-to-equity, revenue growth, earnings growth, and health ratings. • Top picks include First Bancorp (68.27% debt/equity, 1.25% revenue growth, -3.09% earnings growth, ★★★★★★), Southern Michigan Bancorp (108.80% debt/equity, 7.38% revenue growth, 0.84% earnings growth, ★★★★★★), and Cashmere Valley Bank (31.63% debt/equity, 5.07% revenue growth, 1.43% earnings growth, ★★★★★★). • Other notables are ASA Gold and Precious Metals (12.65% revenue growth, 41.20% earnings growth, ★★★★★★), Anbio Biotechnology (-30.09% revenue growth, -3.45% earnings growth, ★★★★★★), and Affinity Bancshares (41.71% debt/equity, 1.36% revenue growth, -0.22% earnings growth, ★★★★★★).

• A new POLITICO-Citrin Center-Possibility Lab survey released May 8, 2026, found that strong majorities in both parties prefer an independent panel draw House district lines. • The polling data suggests voters across the political spectrum have grown frustrated with partisan gerrymandering and support reform measures limiting partisan advantage in redistricting. • The bipartisan sentiment contrasts with ongoing state-level redistricting battles where Republican and Democratic parties continue fighting over congressional boundaries.

Report using research from senior Blair and Clinton pollster comes as Labour braces for dismal election resultsMay elections: What’s at stake across England, Wales and Scotland?UK politics live – latest updatesProgressive voters have been driven away from Labour by a lack of argument and vision from Keir Starmer, according to a report using research from a senior pollster to Tony Blair and Bill Clinton.Downing Street is understood to have been briefed on the research, which has also been handed to allies of the potential leadership candidates Andy Burnham, Wes Streeting and Angela Rayner. Continue reading...

• BSE shares climbed 3% to Rs 3,833 on the NSE following robust March quarter results from the National Stock Exchange, which reported an 8% rise in consolidated net profit driven by equity derivatives trading growth. • The Nifty Capital Market index gained 1.5%, with 15 of 17 constituents in the green, boosted by NSE's performance and Angel One's positive April business update. • This upmove reflects renewed investor confidence in capital market firms amid broader market recovery and increased trading volumes.

• Wall Street stocks traded mixed early Monday, May 4, 2026, as rising oil prices from Middle East conflict offset robust US corporate earnings expectations. • Oil prices edged higher after Iran's military warned it would attack US forces entering the Strait of Hormuz, following President Donald Trump's announcement to guide ships through the waterway. • Major indices remain near record highs, supported by encouraging inflation data and resilient earnings season, though investors eye the April jobs report.

• The S&P 500 rose over 10% and the Nasdaq soared more than 15% in April 2026, marking their largest monthly gains since 2020, driven by robust corporate earnings reports. • Investors anticipate earnings growth of 27.8% year-over-year for Q1 2026 across over 100 S&P 500 companies, the highest rate since Q4 2021, while oil prices briefly surpassed $120 per barrel creating market ripples. • Despite elevated oil prices and a hawkish Federal Reserve stance, equity markets demonstrated resilience, signaling investor confidence in corporate profitability and economic fundamentals.

• US equities closed higher with the S&P 500 rising 0.8% and Nasdaq 100 up 0.8% to new records, while the Dow remained flat. • Apple shares gained more than 5% after reporting strong earnings driven by robust iPhone sales and performance in China. • The rally came amid a pullback in oil prices and positive corporate earnings momentum.

• Broadcom provided second-quarter guidance of $9.2 billion in revenues, exceeding analyst estimates by 6%, driven by surging demand for data center semiconductors and artificial intelligence accelerators from cloud computing providers. • CEO Hock Tan stated that AI-related semiconductor orders are tracking 40% above historical averages, with major customers committing to long-term capacity agreements through 2028, signaling sustained strong demand. • The robust guidance helped lift semiconductor index ETFs 2.1% during extended trading and sparked upgrades from multiple analysts who raised price targets on Broadcom by 8–12% based on improved visibility into AI infrastructure spending cycles.

• JPMorgan Chase reported first-quarter net income of $13.2 billion, up 15% compared to Q1 2025, driven by higher net interest income and a 12% increase in investment banking revenues. • CEO Jamie Dimon stated that the bank is "well-positioned" despite macro uncertainties, with the firm raising its dividend by 5% to $1.16 per share and repurchasing $11 billion in stock during the quarter. • The bank's strong results contrasted with broader financial sector concerns about rising loan losses and credit quality, though JPMorgan's net charge-offs remained stable at 0.31% of loans.

• Nvidia shares jumped 5% in extended trading after a strong AI forecast, positioning the company to gain $220 billion in market value amid easing bubble concerns. • The stock had dropped nearly 8% in November following a 1,200% surge over three years, but positive results calmed investor jitters. • This development underscores Nvidia's role as AI market bellwether and highlights sustained demand for its chips.

Ajay Haridasse needed assistance at 26-mile markAaron Beggs and Robson De Oliveira came to aidA pair of Boston Marathon runners who teamed up to help a fellow athlete across the race’s finish line have been praised for their “beautiful moment” of sportsmanship.Ajay Haridasse, a 21-year-old university student from Wakefield, Massachusetts, found himself stumbling after passing the 26-mile mark in Monday’s race. After falling for a fourth time, he was “getting ready to crawl” to the finish line, Haridasse told the Boston Herald. Continue reading...

Day of action to support workers set for 1 May – who is organizing May Day Strong, and how can people join?Anyone who attended one of the 3,000 No Kings protests in March might have learned of the latest effort to protest against Trump administration policies: May Day Strong.The single-day protest on 1 May is taking its cue from the massive day of action that shut down Minneapolis in January by asking Americans not to shop, work or go to school. Rallies, marches and teach-ins will also take place across the country. Continue reading...

Prime minister details efforts to attract investment and sign trade deals with other countries in 10-minute video addressCanada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected, the country’s prime minister has warnedIn a 10-minute video address, Mark Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries. Continue reading...

• ICICI Bank reported Q4 FY26 net profit of ₹12,949 Cr, surpassing street estimates and bringing annual profit to ₹50,000 Cr milestone. • The bank declared a ₹12 dividend per share, signaling confidence in its financial performance and shareholder returns. • Strong Q4 results reflect robust performance in India's banking sector amid evolving market conditions.

• PepsiCo reported better-than-expected quarterly results on April 16, 2026, with shares rising 2.3% as customers bought more snacks. • Price cuts on Lay’s, Doritos, Cheetos, and Tostitos chips announced in February helped regain demand from price-sensitive consumers. • The earnings contribute to broader corporate profit growth exceeding analyst forecasts amid market optimism.

• The S&P 500 rose 0.8% to close above 7,000 points for the first time, while the Nasdaq Composite surged 1.6% to a record high, driven by gains in technology and software stocks and optimism over potential U.S.-Iran peace talks. • Bank of America posted a 17% rise in quarterly profit from strong trading and investment banking fee rebounds, while Morgan Stanley reported a near 30% profit jump supported by record equities trading revenue and improved dealmaking activity. • Stock index futures edged higher after-hours, with S&P 500 Futures up 0.2% to 7,070.75 points and Nasdaq 100 Futures rising 0.3% to 26,440.75 points, reflecting continued market momentum.