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BusinessPhoto: Mint MarketsMichael Novogratz, billionaire CEO of Galaxy Digital Inc., stated that the global credit markets' anxiety regarding AI spending is close to peaking and may soon start to ease. He highlighted concerns in credit markets tied to investments in artificial intelligence but expects the tension to diminish shortly.
Mint Markets·
PoliticsPhoto: Deccan HeraldKarnataka Chief Minister D K Shivakumar warned companies against discriminating against Kannadigas in hiring, following viral claims that some tech firms reject applicants citing Kannada as their mother tongue. The state cabinet had proposed reserving significant job quotas for locals in 2024, but the plan was paused due to industry concerns over competitiveness and investment. The issue of local employment preference has a long history in Karnataka.
Deccan Herald·
WorldPhoto: NDTV BusinessYemen's Houthi movement claimed responsibility for ballistic missile attacks on Saudi military targets and the Ras Tanura oil refinery, causing a fire that was later controlled. Saudi Arabia denied a direct hit on the refinery but said its air defenses intercepted three missiles aimed at the eastern region. Ras Tanura is a key Saudi Aramco oil export terminal with a 550,000 barrel per day capacity. These attacks raise tensions amid ongoing $1 billion ceasefire talks.
NDTV Business·
BusinessPhoto: Deccan HeraldAn Uber driver in India reports working longer hours yet earning less after expenses and platform fees, raising questions about the disconnect between India's rapid GDP growth of 7.8% in April-June and the everyday economic struggles of many. Despite upward revisions by IMF and RBI, many face challenges making a living, highlighting the complexity behind growth figures and real prosperity.
Deccan Herald·
PoliticsPhoto: Amar UjalaThe Ministry of Civil Aviation instructed airlines to ensure availability of qualified crew, compliant aircraft, and practical flight schedules during the fog season from December 15, 2026, to February 15, 2027. The ministry held a meeting to prepare for delays, cancellations, and passenger assistance, emphasizing timely communication and efficient ground handling to reduce traveler inconvenience.
Amar Ujala·
BusinessPhoto: HT WorldThe International Monetary Fund reached a staff-level agreement with Argentina on the third review of its bailout, potentially releasing about $900 million. The deal awaits approval from the IMF's Executive Board. Argentina's $20 billion IMF program started in 2025 amid high inflation and currency depreciation. Since President Javier Milei took office in December 2023, inflation has fallen from triple digits to 33.5%, aided by reforms and spending cuts, which have sparked protests. The IMF praised the government's fiscal and structural reforms.
HT World·
Mint Markets·
Photo: Mint MarketsMichael Novogratz, billionaire CEO of Galaxy Digital Inc., stated that the global credit markets' anxiety regarding AI spending is close to peaking and may soon start to ease. He highlighted concerns in credit markets tied to investments in artificial intelligence but expects the tension to diminish shortly.
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