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hsbc CEO Georges Elhedery urged employees to embrace AI, acknowledging it will eliminate some roles while creating new ones. This comes as the bank reportedly explores a significant overhaul potentially impacting 20,000 jobs globally. hsbc is investing in AI tools and staff training to navigate this automation shift.

Morgan Stanley predicts AI could boost European banks' productivity by 30%, potentially leading to job cuts of up to 20% in the next five years. Analysts suggest these reductions may occur through voluntary exits, while AI also offers revenue growth opportunities by improving customer targeting. Several European banks are already exploring AI-driven restructuring, with some announcing significant support role reductions.

British tennis player Emma Raducanu continues to remain one of the biggest names in women’s tennis in 2026. The former US Open champion has built a huge fortune through prize money, sponsorships, and business ventures. Her performances on the court have been inconsistent in recent years. However, her popularity around the world remains very strong.

India's economy shows 'cautious resilience' despite global headwinds like Middle East conflict and rising oil prices. While manufacturing and services remain strong, and forex reserves offer a buffer, inflation concerns are mounting due to wholesale price surges. A weaker monsoon could further challenge growth and rural demand.

Aaron Rai created history after winning the 2026 PGA Championship at Aronimink Golf Club on May 17, 2026. The English golfer became the first player from England to lift the Wanamaker Trophy since Jim Barnes achieved the feat in 1919. His victory also ended a 10-year streak of American winners at the PGA Championship.

JP Morgan CEO Jamie Dimon predicts artificial intelligence will reduce some banking jobs. The bank plans to hire more AI specialists and fewer traditional bankers. This shift will be managed through employee turnover and retraining. Other global banks also see AI impacting support roles and back-office operations. The pace of change requires careful societal consideration.

Bengaluru's upcoming Blue Line Metro could run entirely on solar power, a study by IISc's Sustainable Transportation Lab reveals. Land owned by BMRCL is sufficient for solar panel installation across stations, viaducts, and depots. This initiative promises significant annual savings, with a payback period of under two years, making it a financially sound infrastructure investment.

hsbc initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. Jefferies is bullish on Grasim, expecting increased capital availability for growth. Nomura sees Adani Ports expanding its marine business significantly in Europe. CLSA maintains a hold on Tata Power, believing the worst is over.

Arundhati Bhattacharya, Naina Lal Kidwai, Chanda Kochhar, Shikha Sharma were all leading some of the country’s largest financial institutions. Today, a striking number of global capability centres run in India by American, European and British banks and financial services firms are led by women. These centres span everything from core banking technology and risk management to advanced analytics and operations, supporting some of the world’s largest financial institutions and increasingly shaping how they function globally

China's economic recovery is facing headwinds as factories slow and consumer spending falters, with April data revealing a significant slowdown. Weak domestic demand, coupled with a challenging global environment marked by geopolitical conflicts and rising energy costs, is squeezing growth. While exports remain strong, they are insufficient to offset internal weaknesses, prompting concerns about the need for further policy support.

The CEA’s words could not be more direct and the situation the world’s sixth largest economy faces is by no means small. Several macroeconomic indicators are in focus; inflation, health of the current account, and the exchange rate.

Indian Hotels saw strong Q4FY26 results with revenue up 14% and profit by 15%, driven by robust hotel operations. UPL's Q4FY26 revenue grew 18%, but earnings were impacted by provisions. Oberoi Realty's Mumbai market shows promise, while PVR reported a 24% revenue jump. Nuvama's wealth and asset servicing segments are performing well.

China's exports surged 14.1% in April, significantly exceeding expectations and bolstering the nation's economy despite global uncertainties. This strong performance precedes a crucial meeting between US and Chinese leaders, where trade tensions and other disputes are expected to be discussed. Analysts anticipate continued export-driven growth for China this year.

Alphabet, Google's parent company, has launched a new multi-tranche euro bond offering, aiming to raise at least €3 billion. This move follows a significant US dollar bond sale and aims to fund general corporate purposes, including substantial investments in AI data centers. The offering highlights tech giants' increased capital-raising efforts for long-term AI infrastructure development.

Indian stock markets are poised for a volatile week, with state election results and elevated crude oil prices due to West Asia tensions taking center stage. Investors will closely monitor the impact of these factors on inflation, the rupee, and corporate earnings. Key economic data and corporate announcements are also expected to influence market movements.