13:30
India

India warns scrapping VW tax bill could set a dangerous precedent

In a stern warning to the automaker, the Indian government told a Mumbai court that quashing Volkswagen's demand to cancel a $1.4 billion tax bill would have "catastrophic consequences" and could encourage companies to withhold information and delay inquiries.

20:30
Data center

Data center surge creates new vulnerabilities for US grid operators

A massive, unanticipated disconnection of data centers in a 30-square-mile area outside Washington, D.C. has exposed a fresh vulnerability in America’s electrical grid, raising concerns that the rapid expansion of Big Tech’s energy-hungry facilities could trigger cascading outages.

18:00
Morgan Stanley

Morgan Stanley to cut about 2,000 jobs in cost-cutting effort

Morgan Stanley is set to lay off approximately 2,000 employees later this month, representing roughly 2% to 3% of its global workforce—excluding financial advisers—in an effort to improve operational efficiency, according to a person familiar with the matter.

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