Death toll from Venezuela earthquakes rises to 4,490

AI isn’t replacing engineers so much as reshaping who else gets hired. New data from SignalFire shows software engineers make up 55% of hiring at major tech companies, up from 46% in 2019, even as overall hiring remains below pre-pandemic levels. Other functions are shrinking faster. While engineer hiring is down 11% since 2019, design…

This morning, we head to Los Angeles, the site of the fires in the Pacific Palisades area in January 2025. Governor Gavin Newsom recently announced that FEMA approved California’s request to extend critical disaster assistance for Los Angeles fire survivors. More than 18,000 structures were destroyed. Seventy percent of those families don’t have a place…

After four straight months of selling, foreign investors turned net buyers of Indian equities in July, investing over Rs 15,157 crore so far this month, supported by improving domestic macroeconomic indicators, a stable rupee and better global risk sentiment. The latest inflow follows net outflows of Rs 49,340 crore in June, Rs 32,963 crore in…

People will not have to file two income tax returns during the transition to the new Income Tax Act, 2025. Most ongoing tax proceedings, pending applications and existing approvals under Income Tax Act, 1961 will continue without interruption. These are among the key clarifications issued by the Central Board of Direct Taxes (CBDT) in…

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

September ICE NY cocoa (CCU26) on Thursday closed down -56 (-1.10%), and September ICE London cocoa #7 (CAU26) closed down -71 (-1.86%). Cocoa prices settled lower on Thursday amid some pre-weekend liquidation and position squaring, as US markets will be closed on Friday for a holiday.  Losses in London cocoa accelerated on Thursday after the…