BENGALURU: Maruti Suzuki, India’s leading car manufacturer, is set to invest 350 billion rupees ($4.2 billion) in the construction of a new factory in Gujarat. This move comes as both local and international competitors ramp up their expansion strategies. The new factory, which is projected to commence production by the end of the fiscal year
Harry Potter, Elon Musk, Beyoncé, Super Mario and Vladimir Putin. These are just some of the millions of artificial intelligence (AI) personas you can talk to on Character.ai – a popular platform where anyone can create chatbots based on fictional or real people. It uses the same type of AI tech as the ChatGPT chatbot
Writing is a lonely business, and for many in India’s Bollywood, not a profitable one. Unless a screenwriter lands a big break – a successful film where they also get credit. But until then, money and opportunity are often in short supply. A major reason, writers say, is the “harsh contracts” they have to sign,
Donald Trump’s hotels and other businesses accepted more than $7.8m (£6.1m) from foreign governments during his presidency, according to a new report from Democrats in Congress. They found that China was responsible for more than $5.5m of those payments, which Mr Trump is accused of accepting in violation of the US constitution. The report is
A major Chinese shadow bank has filed for bankruptcy on the grounds it was unable to pay its debts. On Friday, a Beijing court accepted the application from Zhongzhi Enterprise Group (ZEG), which has lent billions to real estate firms. Chinese officials launched an investigation into “suspected illegal crimes” against the firm in November. It
“I’ve had one, two, three, four… five jobs in the last few months,” says Joy Zhang, a 23-year-old graduate. She counts them on her fingers as she walks through a line of stalls at a local food market in Chengdu, a city in south-west China’s Sichuan province. “The fact is there are lots of jobs,
Russian energy giant Gazprom earned €45m (£39m) from its gas field in the North Sea last year, accounts show. Gazprom has been producing gas from the Sillimanite field, which is spread across UK and Dutch waters, since 2020. Sir Ed Davey, leader of the Liberal Democrats said it was “totally unacceptable” that gas from UK
The world’s largest shipping group, Mediterranean Shipping Company (MSC), has announced it is diverting its ships away from the Red Sea because of an increased threat of attacks. French company CMA CGM took a similar step a day after Danish shipping giant Maersk and German transport company Hapag-Lloyd suspended Red Sea journeys. The decision comes
Etsy is cutting about 225 jobs, or 11% of its workforce, as part of a plan to bring down its costs. As part of the move several executives will leave the online marketplace, including its chief marketing officer. Chief executive Josh Silverman told staff the cuts were needed as sales had been “essentially flat” for
The Bank of England has held interest rates and signalled there are unlikely to be cuts anytime soon. It is the third time in a row that the UK cost of borrowing remained unchanged at 5.25% – a 15-year high. The Bank said interest rates would have to stay higher to slow the pace of
