Asia
The Hindu BusinessLine

Huawei Unveils Upgraded Stellar AI Campus Network to Usher in the New Era of AI Campuses

"Driven by AI, today's campuses are evolving into a super agent that can perceive, think, self-heal, and dynamically adapt," said Leon Wang. "Leveraging our ICT prowess, we, together with global customers and partners, are building ubiquitous AI campuses to bring 'technology for people' to life and accelerate digital and intelligent transformation across all industries." "The AI era has placed higher demands for campus networks, especially bandwidth capacity, security defense, and O&M efficiency," said Shawn Zhao. "To address this, Huawei's upgraded Stellar AI Campus Network Solution offers innovations across superfast wireless, full-scope security, and network autonomy, helping maximize productivity." Looking ahead, Huawei will continue to innovate and work closely with customers and partners worldwide to build a superfast, secure AI campus for the agentic world. “This is a company press release that is not part of editorial content. No journalist of The Hindubusinessline was involved in the publication of this release.” Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Huawei Unveils Upgraded Stellar AI Campus Network to Usher in the New Era of AI Campuses
Asia
The Hindu BusinessLine

Telangana CM Reddy invites public to suggest new name for Mamnoor airport

Telangana Chief Minister A Revanth Reddy has asked the general public to come up with a suitable name for Warangal’s long-pending Mamnoor airport as part of its new identity, with the airport project now moving ahead following completion of the required land acquisition. In a post on X on Saturday, Reddy said State government has allocated ₹295 crore for acquiring land for Mamnoor Airport, and the required land has been fully acquired and handed over to the Airports Authority of India (AAI). The development is expected to pave the way for the revival of the airport project, which has remained pending for several years. The government sees Mamnoor Airport as a potential gateway for industry, tourism, education, employment and investment in the Warangal region. The airport is also expected to strengthen air connectivity to the region and support its broader economic development. The Telangana government has projected the airport as an important part of its efforts to expand connectivity and create new growth centres beyond Hyderabad. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Telangana CM Reddy invites public to suggest new name for Mamnoor airport
Europe
The Guardian

Tensions simmer on US-Canada border for two towns relying on each other

The Gordie Howe international bridge that connects Windsor, Ontario, Canada and Detroit, Michigan. Photograph: Jeff Kowalsky/AFP/Getty ImagesView image in fullscreenThe Gordie Howe international bridge that connects Windsor, Ontario, Canada and Detroit, Michigan. Photograph: Jeff Kowalsky/AFP/Getty ImagesTrump tariffsTensions simmer on US-Canada border for two towns relying on each otherCanadians ‘angry’ at Trump for suggesting Canada should become 51st state, says mayor, as US businesses see sales fall amid trade war Like many Canadians, Tom Reid isn’t crossing the US-Canada border as often these days. But he needed a haircut. The woman who cuts his hair lives in International Falls, Minnesota – her “sister is married to my wife’s cousin”, he explained – and so Reid, whose duty free shop in Fort Frances, Ontario, has to travel to her. That’s how it goes for the residents of the two towns, divided by the Rainy River and an international border. They’re longtime friends and, in many cases, family. People cross the border frequently to shop, dine, go bowling, take their kids to sports and visit each other. But Trump’s trade war against the US’s northern neighbor, and his derogatory comments about their country, has Canadians – known for their politeness – angry. Furious, actually. They’re shopping less at US businesses, and, in an unusual show of patriotism, encouraging consumers to “buy Canadian instead”. Reid is buying Canadian more and more, he said at the register in his shop, with the Canadian flag on the wall behind him. “I don’t have that much choice, eh?” he said. American business owners have seen declines in Canadian sales, while grappling with the uncertainty and costs associated with tariffs on their products. With tourist season winding down, and the leaves starting to change into yellows and oranges, the two towns are quieter. Canada’s retaliatory tariffs went into force this week, though no one who lived in the towns had seen that directly reflected in prices yet. It was the latest heated battle between the two countries in the last nearly two years. The mayors of the two towns call each other friends, and signed a joint declaration in 2025 affirming that friendship after Trump retook the White House. The flags of Minnesota, Ontario, both towns, and both countries fly outside the town offices in Fort Frances. But there’s only so much – and really, nothing – that a local official can do to blunt the economic effects of slipshod tariffs put in place by one man, more than a thousand miles away in Washington. Most Canadians recognize this, according to Andrew Hallikas, the mayor of Fort Frances. They like Americans, and Fort Frances residents can relate to Minnesotans a lot: they share similar interests, in the outdoors and in community, he said. But they’re “irate” at Trump – for bullying their country, for going against an ally – and for suggesting Canada should become the 51st US state. “You cannot imagine how angry that makes us,” Hallikas said. “Please quote me on this. I cannot make this clear enough: we will never become the 51st state. We consider ourselves to probably be the best country in the world in which to live, and we’re quite content to remain that way, thank you very much.” For two towns that rely on each other, the tension of the trade war simmers underneath the surface. They all want it to end. They don’t know how, or when, it will.

Tensions simmer on US-Canada border for two towns relying on each other
North America
CNBC Finance

How one hedge-fund manager built his firm to be powered entirely by AI agents

Hedge-fund manager Brian Kelly has his staff working 24/7, yet his payroll costs are a fraction of what they once were. That's because Kelly — who previously ran a cryptocurrency hedge fund — created his new trading firm, Bracket22, to be powered entirely by agentic artificial intelligence. "I used to have about seven or eight employees all around the world. A lot of them were based in New York," Kelly told CNBC. "Between their salaries and compute and healthcare and everything like that, my payroll was well into the millions of dollars per year." Factoring in things such as office space and bonuses, Kelly estimated his total labor-related costs before he began using AI were roughly $5 million a year. "Now, when I'm using AI, I run somewhere around [$30,000] to $40,000 a year, total. And that's with every AI agent, that's with all my compute, that's with everything I need to completely replicate a hedge fund ... with AI," he said. Bracket22 is a stark example of a growing reality on Wall Street as firms test the benefits and limits of AI in finance. JPMorgan Chase CEO Jamie Dimon said in February the tech was already reshaping his workforce and that his bank had "huge redeployment" plans for its employees. The company plans to launch AI agents later this year that it has said can work autonomously for hours at a time. There has been some hesitation, though. A Goldman Sachs partner, for example, recently warned of the dangers in letting AI erode bankers' reasoning skills. Kelly — a former trader on CNBC's "Fast Money" — closed his cryptocurrency hedge fund in early 2025. Later that year, he began testing out uses of artificial intelligence. Bracket22 invests only Kelly's own capital and trades cryptocurrencies, stocks and commodities. Kelly introduced CNBC to several of his AI agents, each with its own distinct role. A bot called "Steffi" is in charge of technical analysis. "Desmond" handles quantitative strategies, and "Houston" is, fittingly, mission control and pulls all the pieces together. "I've crafted each of these agents to be a specialist in their field," Kelly said. "I wanted to isolate them and I wanted to get their unbiased view on what I'm doing." "And then I use my human judgment and human insight to make the final decision," he added.

How one hedge-fund manager built his firm to be powered entirely by AI agents
Europe
BBC Business

Petrol prices rise by 5p over a week as Iran war sends oil higher

Image source, Getty ImagesByShanaz MusaferBusiness reporterPublished9 September 2026, 11:57 BSTUpdated 8 minutes agoThe average price of unleaded petrol has risen by 5p a litre in the space of a week, according to the RAC, which warned there was "no sign of any relief" for drivers. The motoring organisation said a litre of unleaded now costs 167.17p - the biggest weekly increase since April - while diesel has also risen by 5p to 188.63p. Fuel prices have soared since the US-Israel war with Iran began at the end of February, with the fighting severely disrupting supplies of crude oil - a key ingredient in petrol and diesel - across the Middle East. The price of Brent crude, the global benchmark for oil, has returned to $100 a barrel for the first time since July, as hostilities escalated again. On Tuesday, US forces struck five Iranian tankers after Tehran targeted one of its warships, while Yemen's Iran-backed Houthi movement also attacked oil facilities in Saudi Arabia. The price of Brent is some way off the $120 it hit in April, but remains well above the $70 it was trading at before the conflict started. RAC senior policy officer Rod Dennis said the latest increase in fuel prices showed just how exposed drivers in the UK can be to events thousands of miles away. The 5p a litre rise meant the cost of filling a family-sized car had increased by £2.75 over the past week, he added. "Drivers are having to dig ever deeper into their pockets every time they fill up, and there's no sign of any relief yet," said Dennis. "With the cost of a barrel of oil having averaged $96 for the last week, wholesale prices are surging and that's already feeding through to prices at the forecourt." He urged motorists to drive as efficiently as possible and to ensure they find the cheapest forecourts they can. The last time petrol was this high was in September 2022, while diesel is still a bit below the 191.54p it reached in April.

Petrol prices rise by 5p over a week as Iran war sends oil higher
Asia
The Economic Times

HFCL, Polycab India among 7 companies that are Goldman Sachs’ AI enablers. See full list

India’s stock market may be masking a powerful AI opportunity. While the Nifty has declined 12% in 2026, AI-linked companies have surged as demand rises for the power, data centres and semiconductor infrastructure needed to support the global AI build-out. Here are five power-generation stocks that Goldman Sachs says are AI-enablers. Polycab India has a listed market capitalisation of over $13 billion and 6 month average daily traded volume (ADVT) of $39 million, with earnings growth of 18%, capex intensity of 4%, free cash flow at 5% of sales and a 12-month forward PE of 34x. KEI Industries has a listed market capitalisation of over $5 billion and 6 month average daily traded volume (ADVT) of $26 million, with earnings growth of 22%, capex intensity of 5%, free cash flow at 1% of sales and a 12-month forward PE of 34x. Sterlite Technologies has a listed market capitalisation of over $5 billion and 6 month average daily traded volume (ADVT) of $18 million, with earnings growth of 78%, capex intensity of 11%, free cash flow at 6% of sales and a 12-month forward PE of 37x. 2026 multibagger HFCL has a listed market capitalisation of over $4 billion and a 6-month average daily traded volume (ADVT) of $68 million, with earnings growth of 50%, capex intensity of 10%, free cash flow at 2% of sales and a 12-month forward PE of 30x. Blue Star has a listed market capitalisation of over $3 billion and 6 month average daily traded volume (ADVT) of $11 million, with earnings growth of 27%, capex intensity of 2%, free cash flow at 3% of sales and a 12-month forward PE of 48x. Craftsman Automation has a listed market capitalisation of over $3 billion and 6 month average daily traded volume (ADVT) of $10 million, with earnings growth of 46%, capex intensity of 13%, free cash flow at 0% of sales and a 12-month forward PE of 37x. Syrma SGS Technology has a listed market capitalisation of over $3 billion and 6 month average daily traded volume (ADVT) of $22 million, with earnings growth of 38%, capex intensity of 6%, free cash flow at -1% of sales and a 12-month forward PE of 60x. Disclaimer: This article has been written by Veer Shamra, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here

HFCL, Polycab India among 7 companies that are Goldman Sachs’ AI enablers. See full list
Europe
The Guardian

Oil prices rise above $100 a barrel for first time since July as Iran war escalates

Oil and gas prices have jumped since the US-Israeli attacks on Iran. Photograph: Neil Hall/EPAView image in fullscreenOil and gas prices have jumped since the US-Israeli attacks on Iran. Photograph: Neil Hall/EPAOilOil prices rise above $100 a barrel for first time since July as Iran war escalatesBrent crude up by more than 2% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi cities The price of oil has risen above $100 a barrel for the first time since July as the escalating conflict in the Middle East threatens further disruption to global supplies. Brent crude, the international benchmark for oil prices, rose 2.7% to about $100.6 after tensions increased in the Gulf amid the latest tit-for-tat exchange of fire between the US and Iran. The US military said it had “destroyed” multiple Iranian tankers, after Tehran attempted to strike a US navy warship with ballistic missiles. The exchange came after Iran-backed Houthis attacked four cities in Saudi Arabia the previous night, wounding more than 70 people and setting oil installations ablaze. UK and mainland Europe gas prices also soared on Wednesday. The benchmark Dutch gas contract rose by almost 4% to €78.73 a megawatt hour, the highest since January 2023. Meanwhile, the British contract rose by 7.77p to 196.57p a therm, the highest since December 2022. On Tuesday, the Bank of England governor, Andrew Bailey, said the latest rise in oil prices was putting pressure on inflation and interest rates. “The risks, I’m afraid, are on the upside,” he told MPs. “And that’s really the risks coming from energy prices.” The oil price has jumped by a quarter since early August as hopes for a permanent resolution to the six-month-old war faded and as fighting flared again. The energy companies BP, Shell and the British Gas owner, Centrica, were among the top performers across the FTSE 100 on Wednesday morning, with their shares rising by at least 1% on the back of the higher oil price. The index was down by 0.5% overall. The climb in costs has hit UK motorists, with petrol at the pump reaching an average of 166.2p a litre on Tuesday, the highest level in four years, according to the motoring body the AA. The AA said diesel hit an average of 187.7p, a price it last reached in May. Prices for a litre of petrol have risen 4.4p since the August bank holiday, with diesel up 4.1p. Brent is up more than 60% this year, and has risen above the $100 mark for three periods so far in 2026.

Oil prices rise above $100 a barrel for first time since July as Iran war escalates
Europe
BBC Business

'Skimpflation' warning as tinned mackerel alternative hits more supermarket shelves

A growing trend of supermarkets selling a cheaper, less nutritious alternative to tinned mackerel is an example of "skimpflation", a consumer group has said. Princes - which supplies major supermarkets - has substituted jack mackerel, an entirely different species, for mackerel, with similar tins also being sold by Lidl. The switch has been spurred by dwindling stocks of Atlantic mackerel after years of overfishing, with its Chilean counterpart more sustainable and a third of the cost. "It's a real concern when manufacturers quietly downgrade everyday staples like these as shoppers can end up paying the same price for a product that delivers significantly less nutritional quality," Sue Davies, head of food policy at Which?, said. Jack mackerel contains about half as much omega-3 and around a third as much vitamin B12 as traditional mackerel. The shift has prompted complaints from some consumers over differences in taste and texture, as well as concerns about how clearly the replacement fish is being labelled. Princes announced last October, external that it was changing all of its tinned mackerel products to jack mackerel, saying the species meets the Marine Stewardship Council's sustainability standards. The firm said its jack mackerel products were "clearly identified" and had been introduced following extensive product and consumer testing, describing it as having a "milder flavour and meatier texture". Lidl is selling jack mackerel under its house brand. Lidl GB said it was "committed to sourcing fish and seafood from responsibly managed fisheries". Davies from Which? said: "While manufacturers face genuine supply chain pressures and sustainability challenges, they have a responsibility to shoppers to be completely upfront when they change a product's recipe." She added: "Skimpflation - quietly changing ingredients to cut costs - has become increasingly common, but it can feel particularly sneaky as shoppers may not realise a product has changed until they get it home and eat it." Despite its name, jack mackerel is not a type of mackerel. Jack mackerel belongs to the Carangidae fish family, while traditional mackerel belongs to the Scombridae family.

'Skimpflation' warning as tinned mackerel alternative hits more supermarket shelves
North America
CNBC Economy

Trump turns up the heat on Warsh as Fed rate hike looms

Ten days ahead of a meeting in which the Federal Reserve will likely consider raising interest rates, the Trump administration looks to be in a full-court press to halt the hike in its tracks. In the past week, the president, vice president, Treasury secretary and one of the president's senior economic counselors have all urged the Fed not to raise rates and, in some cases, to cut them — an unusually broad public pressure campaign even by the standards of Trump's long-running criticism of the central bank. While President Donald Trump has avoided directly criticizing his new Fed chairman Kevin Warsh, as he did former chair Jay Powell, he escalated the pressure Friday by threatening to halt trade with countries that run trade surpluses with the U.S. unless the Fed cuts interest rates. Trump had never before directly threatened tariffs if the Fed didn't lower rates. The president's post was followed by an interview that senior economic counselor Peter Navarro gave to former Trump advisor Steve Bannon on Friday in which he warned that a rate hike would be "careless" and "would hit precisely the sectors America needs to prosper most." He called the members of the rate-setting Federal Open Market Committee "clowns" and said Warsh is trying to "do the right thing." Earlier in the week, Vice President JD Vance said, "We believe that the Fed should be lowering interest rates." He added, "We're doing a lot of things to try to keep those interest rates down, but it would be nice to have some help from the Federal Reserve." And Treasury Secretary Scott Bessent, in a CNBC interview, noted that the Fed typically doesn't raise rates during a supply shock until there are second- or third-order inflationary effects. Markets are barely pricing in a rate hike for the Sept. 15-16 meeting, at about 60% probability, bolstered somewhat by a strong jobs report Friday. The meeting comes just two months before the November midterm elections, in which polls show the administration faces widespread voter dissatisfaction with higher prices and interest rates. But questions also remain about the effect the Trump administration's pressure campaign will have on Warsh. The Wall Street Journal reported last month that Trump talked to Warsh repeatedly, a report publicly backed by several of his aides. However, the president himself denied it, saying he had spoken only once to Warsh while in office. Warsh himself has said the president has had no impact on his decisions and, in July congressional testimony, cited the Fed holding rates steady and not cutting as evidence of the central bank's independence. At the same time, Warsh has said that the president and other politicians have a right to comment on Fed policy. In May 2019, during Trump's first term, Vice President Mike Pence, Treasury Secretary Steve Mnuchin and economic advisor Larry Kudlow all weighed in on the need for the Fed to consider cutting rates. The Fed did not immediately respond to that pressure but did end up cutting rates two months later. The administration's argument was similar: Growth itself does not cause inflation, and additions to the supply side of the economy through tax cuts and strong capital investment expand the economy's capacity to grow without causing inflation.

Trump turns up the heat on Warsh as Fed rate hike looms