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Microsoft has initiated another round of layoffs, cutting hundreds of jobs just weeks after a major workforce reduction earlier this year. The move highlights the tech giant’s ongoing efforts to streamline operations and control costs while aggressively investing in artificial intelligence. Although specific departments affected weren’t disclosed. Microsoft continues to pour resources into AI-driven growth despite shrinking its human workforce.
India’s active COVID-19 caseload has risen to 4,026, with five deaths reported in the past 24 hours, according to the Ministry of Health and Family Welfare. The fatalities occurred in Kerala, Maharashtra, Tamil Nadu, and West Bengal, and all involved patients with existing health conditions. The fresh rise in cases has prompted health authorities to monitor regional trends, although no nationwide alert has been issued yet.
US President Donald Trump and Chinese President Xi Jinping are expected to hold a phone call this week to discuss ongoing trade negotiations, according to White House Press Secretary Karoline Leavitt. The update follows a statement from White House National Economic Council Director Kevin Hassett, who said Trump is expected to have a “wonderful conversation” with Xi. While details remain unconfirmed, the White House assured a readout will be shared post-call.
US Commerce Secretary Howard Lutnick has confirmed that a trade agreement between India and the United States is “absolutely on the table” and could take shape in the “not so distant future.” Speaking on ongoing bilateral efforts, Lutnick emphasized that both nations are working to resolve key issues related to tariffs and market access. The potential deal signals growing economic collaboration between India & U.S.
A rental listing for a 3BHK apartment in Bengaluru’s upscale Haralur locality has triggered widespread criticism on social media for quoting a staggering monthly rent of Rs 2.7 lakh along with a hefty security deposit of Rs 15 lakh. The listing quickly went viral, with many users calling out the "unrealistic" pricing amid rising living costs in the city. The incident has reignited the conversation around Bengaluru’s housing affordability.
Walt Disney Co has laid off several hundred employees across its film and television divisions, including marketing, publicity, casting, development, and corporate finance teams. The latest round of cuts, which began Monday, reflects ongoing challenges in the entertainment sector. This follows 200 job cuts at Disney’s ABC and entertainment TV units in March. In total, Disney has eliminated over 8,000 positions in recent years.
Ukraine has reached a staff-level agreement with the IMF for the eighth review of its Extended Fund Facility, unlocking a $500 million disbursement, pending IMF Board approval. This takes total IMF support to over $10 billion. Prime Minister Denys Shmyhal praised the IMF as a “reliable partner” amid war-time reforms. However, the IMF flagged concerns over weak tax collection, governance issues in state-run firms, and Ukraine’s rising defense budget, which has grown by $9.6 billion.
YouTube’s top-earning creator, MrBeast (Jimmy Donaldson), has revealed that he’s borrowing money from his mom to help fund his wedding. Despite earning millions, he claims to have “very little” personal wealth, as he reinvests nearly all his income back into content creation. In 2025 alone, he expects to spend around $250 million on producing videos. Known for his grand-scale giveaways and stunts.
SoftBank-backed e-commerce platform Meesho has approved the issuance of 411.4 Cr bonus shares in a 47:1 ratio, ahead of filing its draft red herring prospectus (DRHP) with SEBI. The proposal was cleared at an EGM on May 31, as per regulatory filings. Each bonus share is valued at ₹1, significantly raising Meesho's paid-up share capital from ₹8.7 Cr to ₹420.1 Cr. The move is seen as a strategic step in preparation for Meesho’s upcoming IPO plans.
Pakistan’s Punjab province is heading into a challenging kharif (summer crops) season as extreme heat combines with a major water shortage in the Indus River system, which includes the Indus, Jhelum, and Chenab rivers. These rivers are the lifeline for irrigating crops like cotton, rice, and sugarcane. The ongoing scarcity is raising concerns over reduced agricultural yield, food supply pressure, and economic stress on farmers.
