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Category: SRN News

Storm Simon seen exploding into major hurricane before hitting Mexico

MEXICO CITY, Oct 8 (Reuters) – Tropical Storm Simon is forecast to rapidly strengthen into a major hurricane before striking Mexico’s Pacific coast this weekend, threatening destructive winds, life-threatening flooding and dangerous storm surge, the US National Hurricane Center said on Thursday. Simon was about…

Oil falls as Trump comments on Iran talks ease supply concerns

Oct 9 (Reuters) – Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted the market. …

Modi wants India to power the AI age. Residents are pushing back

By Vibhuti Sharma, Munsif Vengattil and Aditya Kalra MUMBAI, Oct 9 (Reuters) – The view from Indian engineer Tushar Shetty’s Mumbai apartment captures a tension playing out around the world as the artificial intelligence boom fuels an unprecedented data-centre building spree. What was once a…

Tech stocks struggle on AI spending worries, elevated yields

By Ankur Banerjee SINGAPORE, Oct 9 (Reuters) – Asian stocks slipped on Friday and were poised for a second straight weekly drop as investors fretted about elevated energy prices, bond market ructions and the huge sums needed to fund AI investment. Brent crude futures were…

Euro skids toward fifth weekly fall but selling pressure slows

By Tom Westbrook SINGAPORE, Oct 9 (Reuters) – The euro was headed for a fifth straight weekly drop on Friday, though there were signs the selling streak was losing momentum as France’s tumbling debt market stabilised and a decline in US yields took some steam…

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