Barclays to cut 5,000 jobs as AI-led cost-cutting drive expands after mixed Q3 results and trading revenue falls

Barclays plans to cut 5,000 jobs as part of its AI-led cost-cutting drive. (Reuters)

British bank Barclays Plc has announced plans to cut 5,000 jobs, or about 5% of its total workforce, as part of a wider effort to reduce costs and improve efficiency using technology and artificial intelligence (AI). According to Barclays’ third-quarter earnings statement, the bank is focusing on simplifying its organisation and making its operations more … Read more

Columbus Day 2026: Are banks open today? Is the US stock market trading on October 12? Check holiday details

US stock market and bank holiday schedule for Columbus Day on October 12, 2026. (Pixabay)

The US bond market will remain closed on Monday, October 12, for the holiday. Unlike the stock market, bond trading will not take place that day, according to the holiday schedule released by the Securities Industry and Financial Markets Association (SIFMA). US stock market and bank holiday schedule for Columbus Day on October 12, 2026. … Read more

‘Lower the rate or…’: Trump threatens to stop trading with US trade-deficit countries

US President Donald Trump threatened to cease trading with countries with which America has a trade deficit if the country’s central bank did not lower interest rates in a social media post on Friday. Trump expressed frustration that high domestic interest rates, which are governed by America’s Federal Reserveplaced the US at a “very unfair … Read more

Before becoming a major philanthropist, Laurene Powell Jobs spent three years trading fixed-income securities on Wall Street

Before becoming a major philanthropist, Laurene Powell Jobs spent three years trading fixed-income securities on Wall Street

Before Laurene Powell Jobs became known for philanthropy, education, climate initiatives and media ownership, her professional life began on Wall Street. After studying at the University of Pennsylvania and the Wharton School, she joined Goldman Sachs, where she spent three years working in fixed-income trading strategy under Jon Corzine. It was a relatively brief chapter, … Read more

India assures Suriname of support in its growth journey: Jaishankar

Hindustan Times News

Paramaribo Foreign Minister S Jaishankar on Thursday said India sees Suriname’s growth potential and assured the South American country that New Delhi will be a “fellow traveler and partner” in its development journey. India assures Suriname of support in its growth journey: Jaishankar Jaishankar said at a press interaction after the joint committee meeting that … Read more

Misri, Rubio discuss trade, Quad; US diplomats to visit India in May

Hindustan Times News

Washington: US Secretary of State Marco Rubio will visit New Delhi next month after having a “productive meeting” with Indian Foreign Secretary Vikram Misri on a range of issues including trade and Quad talks. Vikram Misri, Foreign Secretary (@MEAIndia) Misri is on a three-day visit to the White House, where he met with Rubio. The … Read more