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BusinessPhoto: NDTV Business

American Express Cuts 5% Workforce to Prepare for AI, Shares Drop 4%

American Express announced plans to cut 5% of its global workforce, about 3,850 jobs, to streamline operations and prepare for increased use of artificial intelligence. The company will take a $336 million restructuring charge. Shares fell nearly 4%, trading at $313.08. CEO Stephen Squeri and CFO Christophe Le Caillec highlighted the move as part of efforts to reduce costs and boost productivity through AI.

NDTV Business·

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PoliticsPhoto: Firstpost World

Trump Denies Kushner's Alleged $2 Billion Foreign Accounts Report

US President Donald Trump has dismissed a Vanity Fair report as "totally false" regarding allegations about his son-in-law Jared Kushner's financial dealings in West Asia. The report, based on Matthew Cole's upcoming book, claims Kushner's phone was hacked revealing secret bank accounts with about $700 million in foreign transactions linked to a UAE charity. The funds allegedly served as a foreign policy slush fund and financed covert UAE intelligence and weapons programs.

Firstpost World·

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PoliticsPhoto: The Hindu

Three Arrested for Stealing Two-Wheelers in Amberpet

Amberpet police arrested three men—Sai Kiran, Aravind Prasad, and S. Murali—for allegedly stealing two-wheelers in Amberpet. The investigation began after a Pulsar motorcycle was reported stolen on October 12 from New Patel Nagar. Police linked the suspects to multiple thefts, including another motorcycle theft under Uppal police limits. The accused targeted vehicles parked in public and residential areas.

The Hindu··Hyderabad

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BusinessPhoto: Economic Times

Airlines Oppose Slot Cuts at Mumbai Airport for Summer 2027

Airlines at Mumbai airport have opposed unilateral reductions in flight slots planned for summer 2027. They demand detailed data on airport capacity and Terminal 1 redevelopment before any changes. The Airport Operators Committee insists on compliance with guidelines and clear reasons for slot changes. Terminal 1 currently handles under 10 million passengers annually, while Terminal 2's capacity is set to increase.

Economic Times··Mumbai

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WorldPhoto: Hindu World

Ukraine Detains Girl Suspected of Poisoning Soldiers, Two Dead

Ukrainian police detained a 17-year-old girl suspected of aiding Russian security services by sending poison to Ukrainian soldiers via Telegram. Two soldiers reportedly died after receiving the deadly drugs. Both Ukraine and Russia have accused each other of recruiting minors for sabotage, including poisoning, during their ongoing war since 2022.

Hindu World··Kyiv

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PoliticsPhoto: Amar Ujala

Minister Ashwini Vaishnaw Announces Draft AI Law; Granite Trader's Daughter Removed from Flight

Union Minister Ashwini Vaishnaw stated that the government plans to start a consultation process in the coming weeks to draft a law on artificial intelligence (AI). He emphasized the need for top AI companies to collaborate on fundamental principles and highlighted risks requiring new regulations. Separately, immigration officials at Chennai airport removed Archana Veermani, daughter of jailed granite trader R Veermani, from a Singapore-bound flight following a POCSO case investigation by a special SIT.

Amar Ujala··Chennai

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