peoples bank of china

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.

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.

Standard Chartered will cut about 7,800 jobs by 2030, roughly 15 per cent of its corporate functions, with back-office hubs in Bengaluru, Chennai, Shenzhen and Warsaw hardest hit. CEO Bill Winters said the Asia-focused bank is replacing "lower-value human capital" with AI and automation, as StanChart targets an 18 per cent return on tangible equity by 2030 and higher income per employee.

Gems & Jewellery Artisans, Traders, Small Retailers, Machinery Manufacturers Among Those Likely To Be Hit

India's enduring love for gold spans centuries, evolving from tradition to modern investment. Women hold vast reserves, and the market is set for significant growth. Digital gold and ETFs are gaining traction alongside traditional jewellery. Gold remains a symbol of prosperity, security, and auspiciousness for Indians across generations.

The US under Trump is intensifying pressure on Cuba, drawing comparisons to its Venezuela policy. However, experts believe Cuba's complex political structure and disciplined security apparatus make it a far riskier and potentially costlier challenge for Washington than Venezuela.

AI adoption is reshaping the job market, with significant tech job cuts reported and AI capable of performing a substantial portion of the US labor market's work. While AI automates tasks rather than eliminating entire jobs, younger workers in entry-level roles are disproportionately affected.

But even the lower reported number is staggering. If one uses the $1.5 million figure and compares it with the median net worth of an American family, about $192,900 in the most recent Federal Reserve survey, Choupette’s supposed care arrangement works out to roughly 7.8 times that figure. Round it off, and the headline becomes irresistible: this cat may be worth eight times the typical American family. If one uses the higher $4 million rumour, the number rises to about 20.7 times the median American family net worth.

In a decade, India built the world’s largest population-scale real-time payments system. It changed not just banking, but behaviour itself

As one of Himalaya’s oldest pilgrimage traditions opens for another season, Nepal is asking why India and China are using a route it claims as its own

Jewellery stocks saw a sharp decline on Monday. Prime Minister Narendra Modi appealed to citizens to reduce gold purchases. This call aims to preserve foreign exchange reserves. Major jewellery companies experienced significant drops in their share prices. Investors reacted quickly to the potential demand impact. Indian equities opened lower amid global concerns.

Iran said it had demanded the release of its frozen assets and the end of a US blockade of its ports, after US President Donald Trump angrily rejected Tehran's terms for ending the Middle East war. The US leader did not say what had offended him in Iran's response, but Tehran's foreign ministry said it had called for an end to the US naval blockade and to the war "across the region" -- implying a halt to Israel's strikes targeting Hezbollah in Lebanon.

China's Ambassador to India, Xu Feihong, recently experienced the vibrant Ganga Aarti in Varanasi, sharing a captivating video of the ancient ritual. His social media post highlighted the sacred atmosphere, the devoted crowds, and the profound connection he felt between India and China as enduring civilizations. The ambassador's visit has reignited global interest in this iconic Indian ceremony.

In its quest for enhanced safety, Bihar is ramping up its border security measures with Nepal, focusing on combating counterfeit currency, drug trafficking, and illicit crossings. The government is clearing out unauthorized constructions and boosting surveillance efforts.

India’s gold imports hit a record $71.98 billion in 2025-26, rising over 24% from $58 billion a year earlier. This was largely due to skyrocketing global gold prices, which have bumped up the value of imported gold.

At just 23 years old, Chinese snooker sensation Chang Bingyu has captured headlines by pocketing a staggering £172,000, all without stepping into the World Championship main stage. His remarkable earnings come from two incredible maximum breaks during qualifying rounds, prompting a hefty bonus.

Once a celebrated Harvard nanoscience professor, Charles Lieber, convicted in the US for false statements tied to Chinese payments, now leads state-backed brain-computer interface research in Shenzhen. His move to i-BRAIN, a key institute, highlights China's focus on this medically promising yet strategically sensitive field, drawing global attention to his new role.

JPMorgan Chase CEO Jamie Dimon cautioned that the booming private credit market faces significant challenges when the next credit cycle hits, citing the sector's size and uneven standards. He also highlighted cybersecurity risks, geopolitical instability, and potential inflationary pressures as key concerns for the global economy.

Gold price prediction today: Any upside in gold prices is likely to be capped by gains in crude oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

Asian markets showed a mixed performance today. Japan's Nikkei 225 reached new record highs, boosted by technology stocks amid the AI boom. However, rising oil prices and geopolitical tensions, particularly concerning Iran, tempered investor sentiment across other regions. Investors are now keenly awaiting key central bank decisions this week.

AI pioneer Yoshua Bengio criticizes Anthropic's restricted release of its powerful 'Claude Mythos' AI, capable of finding zero-day vulnerabilities. He argues that concentrating such critical cybersecurity decision-making in one private company, primarily US-based, risks leaving global infrastructure unprotected. Bengio calls for international oversight to ensure fair access and prevent misuse.

Today is Akshaya Tritiya, an auspicious day in the Hindu calendars, believed to bring lasting prosperity and good fortune. Buying gold on this day is considered auspicious. Experts believe that returns on gold over the last few years reinforce its role as a long-term wealth preserver.

In March, SIP inflows saw a record high of around INR32,000 crore even though the markets were down 10%. But fund managers say if retail investors don’t see returns for another 18 months, most of them will start pulling back.