Brent crude oil prices hover near $94 per barrel due to the US-Iran conflict affecting energy supply. The ongoing tensions have led to significant disruptions in oil and gas supplies, with both Brent and WTI benchmarks set for a second consecutive weekly increase. President Trump's threats of retaliation against nations supporting Iran further escalate the situation, impacting global energy markets.
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Walmart employees are correcting AI mistakes in stores as the company rolls out new technology. The MyWalmart app assigns tasks but sometimes lacks context, prompting workers to verify safety alerts. Employee feedback is essential for enhancing these AI tools, ensuring smoother operations and better service.
IBM CEO Arvind Krishna's transparency about financial deficits led to a 25% stock drop, marking a challenging day for the tech giant. Clients are now prioritizing data center hardware over infrastructure advancements due to rising AI trends and supply limitations. Krishna emphasizes that addressing issues promptly is key to focusing on strategic solutions for recovery.
S Somnath, former ISRO chief, has been appointed to the RBI Board, marking a significant shift in India's financial landscape. His expertise from ISRO is expected to bring innovative perspectives to the Reserve Bank of India. This appointment highlights the growing intersection between technology and finance in India.
An Indian man has been declared bankrupt in Singapore after failing to pay wages to 400 workers. Ramu's bankruptcy application was filed on July 9, highlighting serious labor issues. This case raises concerns about worker rights and financial accountability in Singapore's employment sector.