financial data sharing

Global defence spending is soaring, exceeding $2.88 billion last year, with the US leading at $961 billion. Driven by conflicts and evolving warfare, nations are boosting military budgets, with Europe rearming and NATO members increasing commitments. This surge reflects economic power, national priorities, and the per-person cost of security, with Ukraine topping GDP allocation.

The landscape of global defence spending has reached unprecedented heights, crossing $2.88 trillion last year, spearheaded by the United States with a staggering $961 billion investment. The turmoil of ongoing conflicts and the rise of cyber warfare are prompting nations like China and Russia to enhance their military expenditures.

Oracle faces a significant bank-debt challenge due to its massive data centre expansion for OpenAI, reportedly requiring $300 billion. Lenders struggle with exposure limits, impacting their ability to finance these projects. This comes as Oracle also plans substantial job cuts, highlighting financial pressures despite efforts to secure funding.

Public sector banks significantly boosted their workforce in the last financial year, hiring 50,552 employees, a 33% increase from the previous year. This enhanced recruitment aims to strengthen operational capacity, alleviate workload, and improve customer service across state-run lenders.

Candace Owens and Laura Loomer are in a heated public dispute, with Owens accusing Ben Shapiro of legal attacks and Loomer challenging her claims. The conflict includes allegations about lawsuits, private data access, and media influence. Other figures like Ana Kasparian are also involved. Many claims remain unverified, making the situation complex and still developing.

Family problems emerged as the leading cause of suicides in Odisha in 2024, accounting for over half of the 5,791 recorded deaths. Despite a slight decline in overall suicides, the state's suicide rate remains above the national average, highlighting a critical need for enhanced mental health interventions and accessible psychological support systems.

Google-parent Alphabet is close to becoming the world's most valuable company. A strong stock rally, booming cloud business, and AI advancements are driving this surge. Alphabet's significant AI investments are now paying off. Its Google Cloud segment shows rapid growth. Alphabet is also competing with Nvidia in selling custom AI chips.

Amazon CEO Andy Jassy reassured investors about significant AI spending, calling it a major technological transformation that will drive long-term growth. He cited the rapid success of AWS as a precedent, emphasizing that upfront capital expenditure on infrastructure like data centers will yield substantial returns over time, ultimately improving financial performance.

Desi consumption will hold ground, because non-rich still want to spend.

MacKenzie Scott has given away more than $26 billion since 2019, yet she emphasises that everyday acts of kindness remain vital. Drawing on research and data, she highlights how small, consistent contributions improve wellbeing, spread prosocial behaviour, and collectively shape communities alongside large-scale philanthropy.

Mahesh Kumar Goyal, Senior Data and AI Expert at Google LLC, urged enterprises to treat legacy systems as critical foundations for artificial intelligence rather than outdated technical debt. He warned against greenfield innovation and said AI and modernization must be unified, calling separation an architectural lie that produces impressive demos but weak real-world systems. Highlighting MCP and GraphRAG, he said they connect AI with legacy data, reduce risks, and unlock institutional knowledge for enterprises globally.