Google agrees to new $1 billion investment in Anthropic
Google has agreed to a new investment of more than $1 billion in generative AI startup Anthropic, a person familiar with the situation confirmed to CNBC.
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‘We’ve fired a shot at Team India’: NZ captain
New Zealand’s cricket team, under Tom Latham’s leadership, achieved a landmark 2-0 Test series win against India, breaking their 18-series unbeaten home streak. Latham credited their aggressive strategy and pivotal toss wins as key factors, alongside impressive performances from their bowlers, especially in Bangalore. The series is set to conclude with the third and final…
Rupee breaches 84 as oil prices, foreign outflows put strain
The rupee breached the 84 per dollar mark for the first time, reflecting RBI’s strategic adjustments amid rising crude prices and geopolitical tensions. Dealers suggest the central bank may be preparing for increased volatility due to the Iran-Israel conflict. Despite substantial forex reserves, further depreciation of the rupee is expected to be controlled and gradual.
Friendly nations helped Pak meet IMF bailout conditions, says PM Sharif
Pakistan is set to receive a $7 billion IMF bailout package after fulfilling required conditions with help from friendly nations. The loan aims to alleviate economic distress through stringent reforms and increased revenue. With external debt exceeding $130 billion, financial experts express concerns about the inflationary impact of Pakistan’s debt-driven fiscal deficit management.
Kabul claims Pak airstrikes killed 46 civilians in Afghanistan
46 civilians, mostly women and children, are reported killed in airstrikes by Pakistani jets in Afghanistan’s Paktika province. The strikes targeted alleged TTP camps, with Kabul condemning them as barbaric aggression. Relations between Pakistan and Afghanistan are likely to worsen following the incident.
