Saturday, October 31, 2026

Technology

Global tech

Alphabet Loses $500 Billion as AI Spending Raises Doubts About Returns

Alphabet shares fell 12.6% as heavy AI investment pushed cash flow below zero. The technology sell-off spread across global markets while investors sought government bonds and safer currencies.

Saudi Arabia Launches Live Crowd Updates to Help Umrah Pilgrims at Holy Mosques

No More Traffic Chaos? Elon Musk Unveils Tesla’s Flying Car

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Global

Kim Jong Un links peace to power as North Korea showcases drones and new rocket launcher

At a drone exhibition in Pyongyang, Kim Jong Un urged scientists to accelerate defence technology work. The event also featured the first public firing demonstration of a 600mm rocket launcher.

Saudi coalition says it downed Houthi drone targeting Mecca after Riyadh missile attack

Trump calls Islamabad-brokered ceasefire with Iran a ‘waste of time’

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Business

Rupee slide adds Rs1.896 trillion to Diamer-Bhasha and Dasu cost estimates

The Ministry of Water Resources told the National Assembly that currency depreciation pushed up estimates for both hydropower projects, while fuel and construction materials also became costlier.

Alphabet Loses $500 Billion as AI Spending Raises Doubts About Returns

Alphabet shares fell 12.6% as heavy AI investment pushed cash flow below zero. The technology sell-off spread across global markets while investors sought government bonds and safer currencies.

Higher volumes and pricing lift Mari Energies sales to Rs 56.2 billion

Mari Energies reported standalone quarterly sales of Rs 56.2 billion and net profit of Rs 21.8 billion. The company attributed sales growth primarily to higher volumes and improved pricing.

Lower super tax helps lift Atlas Honda’s half-year profit to Rs 11.5 billion

Atlas Honda reported higher sales and after-tax profit for the half year ended September 30, 2026. Earnings per share rose to Rs 92.90 from Rs 77.50 a year earlier.

Innodata Cut Nearly 550 Indian Jobs After Lunch With No HR Calls, Post Claims

A startupbydoc post says Innodata laid off nearly 550 employees in India on October 26, after lunch, with no calls from human resources and no access to devices.

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