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DARK SECRETS: Ey | Vintage Vibes

AI may impact "lucrative job market linked to IT services": EY report

Artificial Intelligence will significantly reshape India's skilled workforce and its IT sector. EY's report highlights potential job market shifts. While India's economic growth remains strong, adapting to AI's evolution is crucial. Policymakers must address technological changes alongside other global challenges to maintain India's growth trajectory and economic future.

The Economic Times

A little-known semiconductor company just won an entrepreneur contest that previously honored Jensen Huang and Michael Dell

Also: All the news and watercooler chat from Fortune.

Fortune

IMEC, Indo-Pacific routes key to reducing Hormuz dependence: EY

India is urged to diversify its trade routes and develop new corridors like IMEC and the Indo-Pacific route. This aims to lessen dependence on the Strait of Hormuz amid West Asia tensions. The nation must prepare for economic shocks by building strategic reserves and shifting towards green energy.

The Economic Times

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Why some CEOs still choose Europe over the U.S.

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Fortune

Venture investments halve in Apr to $2.7 bn as rupee depreciation weighs on sentiment

Venture capital and private equity investments in April saw a sharp decline. Funds invested $2.7 billion across 38 deals. This marks a significant drop compared to previous periods. Rupee depreciation and geopolitical tensions impacted investor sentiment. Real estate, financial services, and technology sectors received the most funding. Fundraising also reached…

The Economic Times

France tops European foreign investment ranking despite wider slowdown

France has been named Europe’s leading destination for foreign investment for the seventh consecutive year – but its position conceals underlying vulnerabilities, according to a new survey of the continent's attractiveness to investors.

Radio France Internationale

Banks must compete on customer experience to stay relevant: EY report

Banks must prioritize customer experience to stay relevant, evolving branches into 'phygital' advisory hubs, according to an EY India report. The future of banking hinges on a blend of human interaction and AI, focusing on anticipating needs and providing timely support. While personalization is growing, trust in chatbots lags, highlighting…

The Economic Times

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$Kalpataru, Shangrila Infracon plan debt fundraise via private credit funds: Report$

Kalpataru, Shangrila Infracon plan debt fundraise via private credit funds: Report

They are likely to receive interest from private credit funds, which have been on the lookout for decent-sized deals, one of the sources said.

The Economic Times

From phishing to porn star impersonators: how scamming athletes became a billion-dollar industry

Athletes have always been targets for criminals hoping to profit from their wealth. But a new wave of dangers has cropped up in recent years

The Guardian - US

Households to slam brakes on spending as Iran war sends cost surging, warns EY

EY’s economic outlook shows UK consumer spending growth will grind almost to a halt, at a predicted 0.3% for 2026, as inflation set to rise to 4%.

Evening Standard

Boost for electric car market as petrol costs soar due to Iran war

The fuel savings for switching to an electric vehicle hit a new high – £960 a year

The Independent UK

Super Micro Surges Over 20% as Margins Soar, Sales Fall Short

Super Micro Computer is surging once again. See the key dynamics that characterized its latest earnings and how multiple Wall Street analysts reacted.

MarketBeat

'Trust is not keeping pace with technological capability': New study finds people are becoming more accepting of AI - but don't want to hand over full control just yet

AI can get a lot done, but companies are actually struggling to trust it and legacy identity management software doesn't quite cut it.

TechRadar

Supermicro's co-founder allegedly smuggled $2.5 billion in Nvidia-chipped servers to China—now the whole company is under the microscope

The company will report financial results on Tuesday after disclosing it has launched an internal probe that could reshape its management and future with the Department of Justice.

Fortune

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Evening Standard

Economic growth forecast for island of Ireland despite fuel supply turbulence

EY has said events in the Middle East had ‘adversely affected’ Ireland’s inflationary outlook.

The Guardian - AU

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view

Fortune

The Trump administration has yet to deploy a key legal move that would render tariff refund applications a 'waste of time,' federal litigator warns

The White House has not appealed the Court of International Trade’s universal refund order, and it has tariff experts scratching their heads.

The Guardian - UK

Racing open to more direct protests in campaign against affordability checks

The chief executive of the British Horseracing Authority, has revealed the sport will consider more direct action protests as they continue to battle against government plans to introduce affordability tests for punters

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Fortune

AI angst mutates into 'FOBO' as Fear of Becoming Obsolete fuels quiet resistance across the economy

EY’s Joe Depa says he sees a split in staff. There’s “high adoption, right out of the gate” for juniors, but senior workers “are somewhat resistant.”

Fortune

As AI reshapes the office, the Fortune Best Companies to Work For are doubling down on the most human perks

Unlimited IVF, 20-plus weeks of paid parental leave, and crisis concierges: Fortune's 2026 list shows top employers leaning into analog benefits as work gets more digital.

Evening Standard

NS&I faces paying hundreds of millions of pounds over bereaved families blunder

The Treasury-backed provider has found an issue where the estates of deceased customers were not always repaid money from all of their accounts.

AAP

More drama for troubled smelter, risking 200 jobs

Hundreds of workers at the nation's only manganese alloy smelter have been thrown another curve ball with the appointment of administrators.

Fortune

Supermicro’s cofounder was just accused of smuggling $2.5 billion in GPUs to China

The arrest of board member Yih-Shyan “Wally” Liaw—who previously resigned following an accounting scandal in 2018—led an after-hours trading drop of 12% in the Nvidia-linked server manufacturer's stock.

Fortune

Trump might get away with his new tariffs: The law he’s relying on survived over 3,600 legal challenges, and even Biden used it

“Challenging whatever the administration does here is going to be much more difficult than the IEEPA case,” international trade expert Timothy Meyer told Fortune.

Fortune

President Trump look away now — a 16th century royal palace in the U.K. is leading the energy sustainability drive, and Americans are invited

Three of Wall Street’s biggest leaders – Brian Moynihan from Bank of America, State Street's Ron O’Hanley, and Janet Truncale from EY are in the U.K. to promote private sector efforts.

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