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BENGALURU -- Gold rose to a near three-week high on Wednesday as oil prices and the dollar fell sharply after the United States and Iran agreed to a two-week ceasefire as talks began on a permanent end to the war. Spot gold was up 1.7% at US$4,783.78 per ounce, as of 1123 GMT. Earlier in the session, bullion rose more than 3% to its highest level since March 19. US gold futures for June delivery gained 2.7% to $4,812.60. The United States and Iran have agreed to a two-week ceasefire, subject ...Read More >
BENGALURU -- Elon Musk's xAI has laid off at least 500 workers from its data annotation team, which helps develop the company's Grok chatbot, Business Insider reported on Friday. The company notified employees by email on Friday night that it was planning to downsize its team of generalist artificial intelligence (AI) tutors, the report said, citing multiple messages viewed by the business news website. Responding to a request for comment, xAI referred to a post on X, formerly Twitter, in whic ...Read More >
MUMBAI - An Air India inspection of the locking feature on the fuel control switches of its Boeing 787 aircraft found no issues, an internal communication circulated within the airline said. The switches have come under heavy scrutiny following last month's crash of an Air India jet that killed 260 people after a preliminary probe by Indian investigators found that they had flipped from the run position to cutoff shortly after takeoff. The country's aviation regulator earlier this week ordered ...Read More >
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