shanghai

IndiGo is temporarily halting flights to six international destinations, including Hong Kong and shanghai, until September 30. This strategic move aims to optimize its network amidst softer travel demand and escalating operating costs. The airline plans to resume services on October 1, contingent on improved market conditions, while maintaining a significant portion of its global operations.

China is designing a futures market to trade AI tokens, the basic units that power AI models and price AI services, in a direct challenge to the United States. The shanghai Futures Exchange is in early stages of building token futures contracts, while US exchanges like CME and ICE prepare rival GPU compute futures. With China's daily token usage hitting 140 trillion, the move marks a new front in the US-China AI race.

Banking giants like JP Morgan, Standard Chartered, Goldman Sachs, and HSBC are embracing Artificial Intelligence, signaling a significant shift in the financial sector. While AI promises increased productivity and cost reduction, it's expected to reshape job roles, with some positions becoming obsolete.

Indian markets reacted to global cues as US stocks tumbled, led by tech giants like Nvidia, following a robust jobs report dampening interest rate cut hopes. Rising oil prices, fueled by Middle East tensions, also contributed to investor caution. Asian markets mirrored the downturn, with South Korea's Kospi seeing a significant drop.

Huawei has unveiled the Tau (τ) Scaling Law and a new LogicFolding chip architecture, aiming to build 1.4nm-class chips by 2031 without ASML's EUV lithography machines. Announced by chip chief He Tingbo at IEEE ISCAS 2026 in shanghai, the design stacks logic circuits to boost transistor density by 55% and power efficiency by 41%. The tech debuts in Huawei's Kirin processor for the Mate 90 series this autumn, challenging Moore's Law and US sanctions.

JPMorgan Chase CEO Jamie Dimon has fiercely criticized Coinbase CEO Brian Armstrong and vowed to oppose the Clarity Act, a digital-asset bill advancing in Congress. Dimon dismissed Armstrong's stance and stated banks will not accept the current legislation, which centers on stablecoin interest payments. Banks argue these yields lack regulatory safeguards, while crypto firms see them as customer rewards.

Tech stocks, particularly semiconductors, experienced a significant downturn Friday, driven by investor caution over AI valuations and robust US jobs data. The PHLX Semiconductor Index saw its steepest drop since March 2020, erasing billions in market value. This retreat follows a period of record highs, with strong employment figures fueling concerns about interest rate cuts.

Nvidia CEO Jensen Huang's reputation as a street-food influencer grew with a playful bathroom wall note at Taipei's Raohe Street Night Market. His global culinary trail, from Vietnam to the U.S., highlights his enduring connection to local food scenes. Meanwhile, Huang also addressed AI's impact on jobs, dismissing the notion of widespread layoffs as a 'lazy' narrative.

In a breakthrough, shanghai scientists have cultivated the world's first lab-grown sinoatrial node using human stem cells. This tiny, self-beating organoid mimics the heart's natural pacemaker, offering immense potential for studying cardiac issues and developing advanced biological pacemaker therapies. Researchers successfully replicated embryonic development signals, paving the way for future transplant strategies.

Tesla has significantly reduced Model Y prices in India, with the Premium RWD now costing Rs 9 lakh less. This strategic move aims to boost demand for its imported EVs, making them more accessible to a wider audience.

Jannik Sinner suffered a shocking French Open exit after collapsing physically during a second-round match against Juan Manuel Cerundolo in extreme Paris heat. The World No. 1 received medical treatment and an off-court cooling break that later sparked criticism from Jim Courier and Tim Henman. After leading comfortably, Sinner lost momentum completely as Cerundolo produced a stunning comeback victory.

India's steeplechase star Parul Chaudhary is gearing up for an ambitious Asian Games campaign in Japan, targeting gold and a new national record in the 3,000m steeplechase. Fresh off a strong start at the shanghai Diamond League, where she narrowly missed her own record, Parul is confident of breaking it and securing podium finishes in both steeplechase and 5,000m events.

Jannik Sinner admitted he struggled physically during his French Open defeat after feeling dizzy and losing energy mid-match. The loss ended his 30-match winning streak and continued a pattern of fitness troubles at Grand Slams. Despite the setback, Sinner will likely stay World No. 1 and plans to rest before Wimbledon.

A 78-year-old shanghai man, fearing loneliness, lived in a supermarket for a decade despite owning an apartment. A nanny's care led him to bequeath his property for lifelong support, igniting a debate on family, caregiving, and emotional bonds beyond blood ties.

JPMorgan CEO Jamie Dimon affirmed the U.S. as a safe investment haven despite acknowledging China's growing global influence and "more consistent" international dealings. He also highlighted America's resilience and strong fundamentals, while warning of AI's significant impact on jobs and advocating for companies to eliminate bureaucratic managers.

Leaked records reveal Iran's Revolutionary Guards secretly acquired advanced Chinese satellite communication equipment via a UAE-based procurement network. The technology, crucial for Tehran's drone and missile programs, was shipped through Dubai, highlighting sophisticated methods to bypass Western sanctions and reach Iran's military apparatus.