Author: Business Circle Team

WASHINGTON, D.C. — Unemployment insurance claims in the U.S. have spiked to levels not seen since late 2021, signaling growing strains in the labor market. According to the latest data from the Labor Department, initial claims for jobless benefits rose by 11,000 to a seasonally adjusted 235,000 for the week ending August 16—marking the sharpest increase since late May and exceeding economists’ expectations of 225,000. More worryingly, continuing claims—which track the number of individuals still receiving benefits—soared by 30,000 to 1.972 million, the highest level recorded since November 2021. This nearly 2-million figure is the most sustained stretch of unemployment claim…

Mumbai, August 21, 2025 (pressrelease.in) — Giftex announces its Modern & Contemporary Art Auction, to be held on August 22–23, 2025, presenting a striking selection of paintings and sculptures from some of India’s most compelling artistic voices, including M F Husain, Krishen Khanna, Himmat Shah, Walter Langhammer, K K Hebbar, Dharmanarayan Dasgupta, Aparneet Mann, Nandalal Bose, Paritosh Sen, Manoj Dutta, Nalini Malani, and Viraj Naik, among others. More than a collection of acclaimed works, this auction is an invitation for collectors to create their own visual autobiography. Every piece has the potential to evoke a memory, spark a conversation, or mirror…

India’s Infrastructure Investment Trusts (InvITs) are entering a rapid growth trajectory. According to a recent Knight Frank India study, the assets under management (AUM) for InvITs are forecasted to expand 3.5 times, surging from USD 73.3 billion in FY 2025 to approximately USD 258 billion by 2030. InvITs Leading Over REITs in India As of FY 2025, InvITs hold nearly 3.5 times the AUM compared to REITs, which are at USD 20.6 billion. Together, both have more than doubled from USD 42.1 billion in FY 2020 to USD 93.9 billion India now stands as the fourth-largest market in Asia for combined REITs and…

In the first half of 2025, WhatsApp, owned by Meta, deactivated 6.8 million accounts tied to organized scam operations, the company announced. Many of these accounts were connected to criminal centers in Southeast Asia—including Cambodia—that use forced labor to run fraud schemes globally. Anti-Scam Innovations Rolled Out To increase user safety, WhatsApp has introduced features such as: Group safety overviews, alerting users when they are added to a group by someone not in their contacts—providing information like who created the group and member count before allowing entry. Warnings for one-on-one messages from unknown contacts, encouraging users to pause and verify…

Manufacturing at U.S. factories elevated solidly in March as output at motorized vehicle meeting crops and elsewhere rose, suggesting that manufacturing was turning the nook after being constrained by increased borrowing prices. Manufacturing output rose 0.5% final month after an upwardly revised 1.2% rebound within the prior month, the Federal Reserve mentioned on Tuesday. Manufacturing unit output was beforehand reported to have rebounded 0.8% in February. Economists polled by Reuters had forecast manufacturing facility output rising 0.3%. Manufacturing at factories elevated 0.8% year-on-year in March. It edged down at a 0.1% annualized price within the first quarter after contracting at…

One thing to stay up for: Lawmakers all over the world have begun to exhibit a extra proactive stance towards openness and competitors in cellular ecosystems. Apple and Google, the businesses controlling the worldwide cellular market with their respective working programs, will face heightened scrutiny and stricter penalties in the event that they violate rules. In keeping with a brand new report by Nikkei Asia, Japanese authorities are poised to toughen their antitrust rules, posing a big problem to incumbents within the cellular market. The publication revealed that penalties aimed toward curbing monopolistic practices will see a considerable enhance, with…

vzphotos/iStock Editorial by way of Getty Photos French drugmaker MedinCell (OTC:MDCLF) introduced Tuesday a partnership with AbbVie (NYSE:ABBV) to co-develop and commercialize long-acting injectables in a deal value as much as $1.9B. Per the phrases, the corporate will leverage its commercial-stage long-acting injectable expertise platform to develop as much as six therapeutics throughout a number of medical indications. Whereas MedinCell (OTC:MDCLF) might be chargeable for early-stage research, AbbVie (ABBV) will take over their medical and late-stage growth, together with regulatory approval, manufacturing, and commercialization. In alternate, AbbVie (ABBV) can pay MedinCell (OTC:MDCLF) $35M upfront, as much as $1.9B in growth…

U.S. President Joe Biden speaks as he publicizes a brand new plan for federal scholar mortgage aid throughout a go to to Madison Space Technical School Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. Kevin Lamarque | ReutersThe Biden administration on Tuesday launched the draft textual content of its new scholar mortgage forgiveness proposal, which may cut back or get rid of the balances of hundreds of thousands of debtors.The proposed guidelines ought to be formally revealed within the Federal Register on Wednesday and will probably be adopted by a 30-day remark interval.”Right this moment’s announcement reveals that the Biden-Harris Administration is continuous…

A Metaverse Expertise Centre (MEC) has been established in Noida by Indian metaverse analysis and advisory agency Metaverse911. On Tuesday, the agency formally introduced the launch of this expertise centre, inviting business leaders in addition to different Web3 lovers to find the potential of the expertise. By means of the centre will let guests take pleasure in immersive applied sciences that embrace Augmented Actuality (AR) and Digital Actuality (VR) — all of which make for key parts that brings the digital ecosystem to life within the metaverse.A totally practical digital universe, a metaverse is a hyper immersive digital actuality expertise…

Morgan Stanley on Tuesday posted outcomes that topped analysts’ estimates for revenue and income as wealth administration, buying and selling and funding banking exceeded expectations. Here is what the corporate reported:Earnings: $2.02 a share, vs. $1.66 LSEG estimateIncome: $15.14 billion, vs. anticipated $14.41 billionThe financial institution stated first quarter revenue rose 14% from a yr earlier to $3.41 billion, or $2.02 a share, helped by rising outcomes at every of its three predominant divisions. Income rose 4% to $15.14 billion.Shares of the financial institution jumped 3.6% in premarket buying and selling. Wealth administration income rose 4.9% to $6.88 billion, topping…