Finance

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Bessent says U.S. leads, safety protocol planned

The U.S. can talk to China about artificial intelligence because “we are in the lead,” U.S. Treasury Secretary Scott Bessent told CNBC, as the countries unveiled a protocol on best practices for the rapidly improving technology. “The two AI superpowers are going to start talking. We’re going to set up a protocol in terms of...
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Some short sellers are seeing opportunity in this tech mania. How they’re spotting fake AI stocks

Panida Wijitpanya | Istock | Getty Images Short sellers are increasingly hunting for cracks beneath the stock market’s artificial-intelligence frenzy, betting that some of the speculative excesses, copycat “AI” branding and vulnerable legacy business models could eventually unravel. As billions of dollars flood into data centers, semiconductors and AI software, some short sellers argue the...
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Piyush Goyal seeks stronger India-Africa trade integration through aligned standards

Commerce and Industry Minister Piyush Goyal on Thursday called for aligning standards, customs procedures and business practices between India and African nations to accelerate bilateral trade and deepen economic partnerships, PTI reported.Addressing a curtain raiser event for the upcoming India-Africa Business Dialogue (IABD) and Exhibition, Goyal said the African Continental Free Trade Area (AfCFTA), valued...
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India’s financial conditions remain tight amid oil shock, rupee weakness and FPI outflows: Crisil

India’s financial conditions remained under pressure in April as elevated crude oil prices, continued foreign investor outflows and a weakening rupee tightened stress across markets amid the ongoing Middle East conflict, according to a Crisil report.The Crisil Financial Conditions Index (FCI) stood at -1.2 in April compared with -1.4 in March. The report noted that...
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