AMERICA TALENT PROBLEM
All is fair in books and coffee at Frankfurt, despite AI anxieties and geopolitical unease
The Frankfurter Buchmesse this year experienced a decline in trade visitors and exhibitors amidst ongoing geopolitical tensions. Many Ukrainian publishers suffered losses due to the war, reflecting the continuing impacts of the Russia-Ukraine conflict. The event also highlighted innovative contributions from global comic book publishers and creators from various countries. Notably, the theme of this year's fair underscored the growing influence of machine intelligence in publishing.
German companies plan to double, triple growth in India over 3-5 years: Piyush Goyal
German companies are planning significant growth in India over the next three to five years. Piyush Goyal emphasized partnerships in technology co-creation and skill development for Indian youth. During his visit to Germany, he met with various industry leaders to discuss investment opportunities. There is a focus on expanding German manufacturing and research capabilities in India. Promising sectors for collaboration include electronics, automobiles, and smart manufacturing.
AI fear makes companies look powerful and helps them raise funds: Andrew Ng
In an exclusive interview with The Economic Times Digital, Andrew Ng argues that the immediate challenge is to prepare people for work that increasingly involves AI. He notes that computer science students, who have never used a coding agent or are connected to an advanced AI model, even as those skills become essential, continue to graduate from universities.
Bank of America loses bankers, tells staff of big ambition, continued hiring
Recent high-profile exits at Bank of America, such as banker Amy Lissauer, have sparked concerns about the institution's future. Once a leader in investment banking fees, the bank now sits in fourth place. In response to staff unease, executives held a reassuring meeting focused on commitment to employees and recruitment plans.
Motivational quote of the day by Eddie Murphy: “You don’t have to prove you’re the funniest person in the room. Sometimes...” — Powerful lessons on authenticity, vulnerability, self-acceptance, emotional intelligence, relationships and why does showing your true self take courage?
Eddie Murphy quote of the day: “You don’t have to prove you’re the funniest person in the room” - Eddie Murphy is an American comedian, actor, writer and producer born on April 3, 1961, in Brooklyn, New York. He first gained widespread attention after joining Saturday Night Live in the early 1980s, where his impressions and comic performances helped establish his reputation. He went on to star in films including 48 Hrs., Trading Places and Beverly Hills Cop.
ETSA champions show the great Indian dream is all home-brewed and visa-free: Union Minister Piyush Goyal
In a candid conversation with ET’s Deepshikha Sikarwar, he spoke about India’s trade deals, India-US relations, foreign investment, and how Indian businesses will benefit from the restrictions on the green card programme.
Trump's bid to curb techies may end up benefiting India
Trump’s tightening of H-1B and PERM rules could hurt Indian IT companies in the short term but may also accelerate the shift of more US technology work to India, former HCLTech CEO Vineet Nayar argues. The bigger opportunity would be for Indian firms to move beyond manpower-heavy outsourcing towards higher-value work in AI, product engineering, cybersecurity and technology ownership.
Argentina to retire Messi’s No. 10 jersey? Why FIFA rules could block historic tribute as Argentine icon bids farewell to international football
Lionel Messi played his final match for Argentina against Benin, scoring one goal and assisting two others. His retirement ends a remarkable 21-year international career filled with significant achievements, including winning the World Cup. After Messi's departure, questions arise regarding the future of the iconic No. 10 jersey. FIFA regulations prevent Argentina from permanently retiring the number, meaning it must be reassigned.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
G20 ministers discuss curbing impact of govt-backed excess manufacturing capacities: Piyush Goyal
G20 trade ministers focused on preventing unfair manufacturing practices caused by government-supported large production capacities. Discussions included addressing predatory pricing and overcapacity threatening fair trade in countries like India and the US. Commerce and Industry Minister Piyush Goyal highlighted India's advantages for data centers, including low costs and tax benefits. He emphasized that India's renewable energy availability further enhances these advantages for global investors.
Nike stock plunges after shocking earnings report, company plans lay offs
Nike earnings statement shows that the company projected sales in the current fiscal year would fall by "high-single digits". Nike reported a two percent drop in quarterly profits to $712 million. Revenues fell four percent to $11.2 billion for the quarter ending August 31, the first quarter of Nike's fiscal 2027.
a16z’s Raghuram isn't writing off India AI yet; insurers weigh new rules
Happy Monday! a16z’s Raghu Raghuram said India can build frontier AI companies by using its talent. This and more in today’s ETtech Morning Dispatch.
Too early to write India off in the global AI race: Andreessen Horowitz’s Raghu Raghuram
India has few frontier AI model companies and limited computing capacity, but according to a16z managing partner Raghu Raghuram, the country should not be written off. In an interview with ET, Raghuram said Indian startups could first build services on open-weight models before eventually developing their own.
Mistake That Made Them Better Parents: Madonna says giving her children phones at 13 affected their bond with her in an unexpected way
Madonna thought giving her children phones at 13 was a normal part of growing up, but the decision soon changed more than she expected. Years later, the singer revealed what happened to her relationship with her older children and why she chose a very different approach with her younger son.
China's robot dancers limber up for America's Got Talent final
Chinese street dancer Wu Yufei has spent most of his 13-year career performing solo, but this year, he found some new partners -- a crew of robots with sleek moves. Robots are good at rotating moves, or what street dancers call power moves, Wei said, as it is "just a matter of adjusting the motor power and the torque of the arms".
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
Benjamin Franklin's powerful quote of the day: 'Never ruin an apology with an...' - American polymath's inspiring life lesson on remorse and accountability
Benjamin Franklin's powerful quote of the day: A remarkable figure in American history, Benjamin Franklin was a polymath who left a lasting impact on the nation's foundation. His pragmatic counsel on time and work organization is still applicable in modern life. Franklin's inventions, such as the lightning rod, contributed greatly to scientific progress and public safety. He emphasized the need for integrity in communication, urging the merit of honest apologies over excuses.
Trump's latest threat just baffled one and all, but it could turn out to be a major gift to Fed's Kevin Warsh
President Trump’s remarks about US interest rates in relation to trade sparked confusion among market experts. Fed Chair Kevin Warsh, though, can use this opportunity to reinforce his independence. By pushing for a rate hike, Warsh could enhance his reputation and insulate himself from the perception of White House's influence, while also reaffirming the Fed's commitment to controlling inflation.
Quote of the day by Shakira: “You can’t achieve anything in life without a small amount of.....” — Life lesson from an inspiring quote from the the Grammy-winning Colombian singer and global pop star on sacrifice, discipline, success, patience, ambition and why meaningful achievements often require giving up short-term comfort for long-term goals
Quote of the day by Shakira offers a practical lesson about success and sacrifice. Her words point to the choices behind meaningful achievements. Progress often asks for patience, discipline and effort. Sometimes, short-term comfort must wait for a larger goal. This simple idea applies to careers, personal growth, relationships and everyday decisions where priorities truly matter.
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