Big tech stocks mixed as AI spending surge drives volatility
Big technology stocks traded unevenly on Monday as investors attempted to stabilize after a turbulent week that erased more than $1 trillion in combined market value across the sector. While several large-cap names posted gains on renewed optimism around artificial intelligence and cloud demand, others slipped as concerns lingered over rising capital expenditure and broader market volatility. Oracle led the advance, climbing about 9 percent after receiving an upgrade from D.A. David
US tech firms rely on H-1B hiring to fuel artificial intelligence growth
Major US technology companies are increasingly turning to the H-1B visa programme to recruit skilled foreign professionals as they accelerate investments in artificial intelligence and related digital infrastructure. New data show that a large share of visa petitions filed by leading firms are tied directly to AI-driven roles, underscoring how access to global talent has become central to their long-term strategy. An analysis of labour condition applications indicates that more than
Modi, Ramgoolam discuss India–Mauritius ties and Indian Ocean stability
Prime Minister Narendra Modi on Monday held a telephone conversation with Mauritian Prime Minister Dr Navinchandra Ramgoolam, during which both leaders reaffirmed their commitment to deepening the special and historic relationship between India and Mauritius. The discussion focused on strengthening bilateral ties, expanding development cooperation, and ensuring peace and stability in the Indian Ocean Region, underscoring the strategic significance of the island nation in India’s foreign pol
Iranian activist’s video appeal to Trump surfaces after reported suicide amid Iran unrest
An Iranian man has reportedly taken his own life after recording and sharing a video message in which he appealed directly to former US President Donald Trump to halt any diplomatic engagement with Iran’s current leadership. The man, identified by activists and Iranian media as Pouria Hamidi, was from the southern port city of Bushehr. His death has drawn renewed attention to ongoing political tensions inside Iran and the wider international debate surrounding Tehran’s relations with Wash
Indian-origin tech professional killed in targeted Toronto parking lot shooting
A 37-year-old Indian-origin information technology professional was killed after unidentified assailants opened fire on the vehicle he was travelling in at a shopping centre parking lot in Toronto, according to Canadian police officials. The victim, identified as Chandan Kumar, hailed from Bengaluru Rural district in Karnataka and had been living in Canada for the past six years while working with a private technology company. The incident occurred on Saturday, February 7, when poli
Syria and Saudi Arabia sign major investment deals to boost reconstruction
Syria and Saudi Arabia have signed a series of major economic and infrastructure agreements aimed at accelerating Syria’s post-war reconstruction and strengthening bilateral ties, marking one of the most significant rounds of cooperation between the two countries in recent years. Officials said the deals span aviation, telecommunications, energy, and development projects, with billions of dollars expected to flow into key sectors of the Syrian economy. The agreements include the l
Report charts Indian migration waves shaping UK economy and tech sector
A new white paper has underscored the deep and lasting contribution of the Indian diaspora to modern Britain, describing the community as the country’s most economically successful migrant group and a central force in national growth. The report, launched at the House of Lords on 5 February, traces decades of migration and documents how successive generations of Indian migrants have supported Britain’s recovery, innovation and competitiveness across multiple sectors of the economy.
US imposes fresh sanctions on Iran oil trade after Oman nuclear talks
The United States announced a new round of sanctions on Friday targeting Iran’s oil and petrochemical trade, hours after indirect diplomatic talks between Tehran and Washington concluded in Oman, underscoring the fragile balance between pressure and engagement as both sides attempt to manage tensions surrounding Iran’s nuclear programme. The measures, unveiled by the US State Department, apply to 15 entities and 14 vessels that officials say are linked to Iran’s so-called shad
Gas leak prompts evacuation at Waller ISD elementary school in Hockley
HOCKLEY, Texas — A suspected gas leak prompted the evacuation of one Waller Independent School District elementary campus and precautionary shelter-in-place orders at two nearby schools Friday morning as emergency crews worked to contain the situation and ensure student safety. According to the Spring Creek Fire Department, elevated gas levels were detected at Roberts Road Elementary School shortly after the start of the school day. Officials determined that conditions inside the
Berlin airport remains closed as black ice halts flights across eastern Germany
Berlin’s main airport remained closed on Friday as dangerous black ice and freezing weather conditions made flight operations unsafe, disrupting travel plans for thousands of passengers and forcing airlines to cancel or delay services across the region. Airport authorities said persistent ice on runways and taxiways had made it impossible for aircraft to safely take off or land, with no immediate timeline for when normal operations could resume. The disruption began a day earlier
Amazon shares slide 9% as heavy AI spending plan rattles investors
Amazon shares fell sharply on Friday, sliding more than 9% after the company outlined an aggressive capital spending plan that unsettled investors already wary about the sustainability of the artificial intelligence boom. The drop added to a broader technology selloff, as market participants questioned whether escalating investments in AI infrastructure could outpace future returns and create excess capacity across the sector. The e-commerce and cloud computing group disclosed in it
Benghazi attack suspect captured, to face trial in the United States
An alleged key participant in the 2012 Benghazi attack has been taken into custody and is expected to face federal charges in the United States, the Justice Department confirmed on Friday. The arrest marks the latest development in a long-running terrorism case stemming from the deadly assault on American facilities in Libya that left four U.S. officials dead, including Ambassador J. Christopher Stevens. Attorney General Pam Bondi, District of Columbia Attorney Jeannie Pirro, and FB
Elon Musk proposes space-based AI data centres powered by solar energy
Elon Musk’s long-standing reputation for advancing unconventional technological ideas has taken another ambitious turn, with SpaceX formally proposing to build an orbital network of artificial intelligence data centres powered by solar energy. What initially appeared to be an eccentric concept has quickly moved into the regulatory phase, supported by official filings and public statements that suggest the company is serious about relocating a significant share of AI computing capacity beyon
Saudi Arabia expands political and financial push to stabilize Yemen amid fragile truce
Saudi Arabia is deploying significant political influence and billions of dollars in financial support in an effort to stabilize Yemen and consolidate control over areas held by the internationally recognized government, marking a renewed regional focus after years of concentrating on domestic reforms. Officials familiar with the strategy say Riyadh aims to unify fragmented armed groups, strengthen state institutions and create conditions that could eventually pressure Houthi rebels into nego
Warren moves to block sale of U.S. AI chips to UAE over security concerns
Sen. Elizabeth Warren of Massachusetts is preparing to introduce a Senate resolution that would formally condemn and seek the reversal of a proposed sale of 500,000 advanced artificial intelligence chips annually to the United Arab Emirates, arguing the transaction could threaten U.S. national security and raise serious ethical questions about conflicts of interest. The measure is expected to be brought to the Senate floor on Thursday, where Warren plans to call for lawmakers to block the exp
India and US near historic trade pact as tariff cuts and mineral ties advance
India and the United States are moving closer to concluding what officials describe as a landmark trade agreement, with External Affairs Minister S. Jaishankar indicating that the final details are being worked out and an announcement could come soon. Speaking at the conclusion of his visit to Washington on February 5, Jaishankar said negotiations had reached an advanced stage and expressed confidence that the pact would usher in a new phase of cooperation between the two countries.
