The Economic Times

Oracle layoffs 2026: Oracle is finalizing its largest workforce reduction, with approximately 30,000 employees departing by mid-June. Despite strong financial performance and significant growth in its AI business, the company is redirecting resources towards AI infrastructure. The layoffs, particularly within Oracle Health, have raised concerns about ongoing projects and obligations.

Iran is pursuing a limited interim agreement with the United States. This move aims to alleviate mounting economic pressure and stabilize the domestic situation. The Islamic Republic seeks to avoid significant concessions on its nuclear program. This strategy allows Iran to buy time and unlock financial relief. It also helps contain rising domestic risks stemming from a deteriorating economy.

Assam's Chief Minister engaged in a crucial dialogue with Union Ministers to revitalize the state's energy sector. Key discussions revolved around expanding oil and gas exploration and enhancing production methodologies. Opportunities for Free Trade Agreements aimed at uplifting small businesses and agricultural communities were also on the table.

Mamata Banerjee alleges an organized attempt to weaken the Trinamool Congress through intimidation and misuse of state machinery. She plans a dharna and calls for national protests, vowing not to bow to pressure. Banerjee asserts the party's strength lies with its workers and that attempts to divide them will fail, emphasizing democratic resistance over infrastructure.

The pop superstar has long been known for cultivating close-knit and enduring friendships, frequently showing appreciation for the people in her inner circle through both public gestures and private support. However, as is often the case with relationships that span many years, some of those once-strong bonds appear to have drifted apart over time.

An expert believes ransom letters in the Nancy Guthrie case were a diversion. He compares the abduction to the John Hinckley Jr. case, suggesting a methodical perpetrator with an irrational motive. Nancy Guthrie, mother of Savannah Guthrie, has been missing since February. Investigators are pursuing leads, and hope remains for her safe return.

The Reserve Bank of India has initiated its annual surveys for the 2025-26 period. These surveys will gather crucial data on mutual funds' foreign financial liabilities and assets. Additionally, information on computer software and IT-enabled services exports will be collected. The collected data is vital for compiling India's external sector statistics.

US President Trump's cautious optimism regarding Iran negotiations has been shattered as Tehran suspends talks, citing Israeli actions in Lebanon. This escalation threatens the Strait of Hormuz, reignites military exchanges, and jeopardizes Trump's political standing and economic stability ahead of crucial midterm elections.

Assam Chief Minister Himanta Biswa Sarma met with Union Ministers Manohar Lal Khattar, Mansukh Mandaviya, and Jagat Prakash Nadda to discuss key development initiatives. Discussions focused on achieving energy self-sufficiency, accelerating urbanisation, strengthening sports infrastructure, and transforming Assam into a major healthcare and medical tourism hub.

Fish oil benefits for type 2 diabetes: Fish oil supplementation reduced insulin resistance and improved glucose tolerance in non-obese diabetic rats, suggesting inflammation plays a key role even without excess weight. Omega-3 fatty acids shifted immune cells towards an anti-inflammatory state, potentially improving metabolic health.

Chinese Proverb of the Day highlights the meaning of A woman that is not loved is as a kite from which the string has been taken; she driveth with the wind, and cometh to a long fall. The saying reflects the importance of emotional support, love, and human connection in giving stability and direction to life.

American manufacturing saw a significant boost in May, reaching its highest point in four years. Businesses are ordering ahead due to rising prices and shortages. The conflict with Iran is impacting global shipping and commodity costs. Despite increased orders, factory jobs remain low, with companies managing headcounts through attrition and layoffs.

Juneteenth, celebrated on June 19, marks the end of slavery in the United States. This federal holiday honors freedom and history. Enslaved people in Texas learned of their freedom on this day in 1865. The holiday's observance continues to grow, reflecting its enduring significance. Juneteenth celebrations feature parades, music, and educational events.

France is set to receive a record 93 billion euros in foreign investments. This significant funding will boost artificial intelligence and data centers. Japanese tech investor SoftBank is contributing 45 billion euros. These investments aim to make France a leader in computing capacity in Europe. The pledges will also support semiconductors, critical minerals, and healthcare sectors.

India has requested France for 114 Rafale fighter jets. This major deal is valued at approximately 3.25 lakh crore rupees. A significant portion of these jets will be manufactured in India. This move aims to bolster the Indian Air Force's fighter aircraft squadrons. The agreement is expected to be finalized within a year.

An accused in the murder of AASU member Madhurjya Barman died after sustaining bullet injuries during a police encounter in Nalbari district. The suspect, Rose Ali, reportedly attempted to snatch a firearm from police personnel. Barman's cousin is undergoing treatment after the attack. The MLA described the incident as 'Love Jihad' and urged vigilance.

Quote of the Day by Jennifer Aniston: Jennifer Anistons quote, Most of us fall in love with someone's persona and spend the next three to five years discovering who that person really is... explores the idea that real love is a journey of discovery, patience, and emotional honesty. The quote suggests that relationships often begin with an idealized version of a person, but over time, true connection is built by understanding their real personality, flaws, and vulnerabilities.

Iran has halted communication with the US through mediators. This action follows attacks on Lebanon. Iran and its allies plan to block the Strait of Hormuz. They also intend to activate other fronts, including the Bab El Mandeb Strait. This is a response to punish Israel and its supporters. No talks will occur until Iran's demands are met.

The government has set a higher onion procurement price at Rs 15.80 per kg, a step designed to uplift farmers and regulate market rates effectively. Concurrently, the buffer stock of pulses has hit an impressive 43 lakh tonnes, stemming from robust local production that minimizes the need for foreign imports.

India hosts the 13th BRICS Urbanisation Forum in New Delhi on June 11-12. Ministers and experts will discuss building inclusive and resilient cities. The theme is 'Cities for People: BRICS Cooperation for Inclusive and Resilient Urban Futures'. This event is key to India's BRICS Chairship. Discussions will focus on urban challenges and cooperation for sustainable urban development.

Tensions flare as the US strikes Iran following an Iranian drone shootdown. Iran retaliates with missile fire towards Kuwait, targeting US forces. These exchanges test a fragile ceasefire, impacting global energy supplies and fertilizer markets. Peace talks continue amidst escalating regional conflict, with both sides expressing cautious optimism.

In a strategic move, India may reconsider its tariff reductions on British products, especially Scotch whisky, pending the UK's solutions to Indias grievances over steel safeguard measures. Negotiations between the two nations are set to address these pressing concerns.

The southwest monsoon is set to reach Kerala within the next two to three days. The India Meteorological Department forecasts a below-normal rainfall season for India this year. El Nino conditions are contributing to this prediction. The monsoon's arrival was previously delayed. This forecast impacts agricultural planning across the nation.

Quote of the Day by Tom Cruise: Tom Cruises quote, Here's how I've lived my life: I've never been late to a set. I make films I believe in. I feel privileged to be able to do what I love, highlights the values of discipline, dedication, and gratitude. The quote suggests that long-term success is built not only on talent but also on professionalism, staying committed to meaningful work, and appreciating the opportunity to pursue one's passion.

On June 2, UKs Business and Trade Secretary Peter Kyle is set to embark on a significant visit to India, where he will engage with Commerce and Industry Minister Piyush Goyal in bustling New Delhi. The agenda centers around bolstering trade relations and prioritizing the swift execution of the India-UK Free Trade Agreement.

Chinese proverb of the day: A Chinese saying reveals that destiny, not distance, shapes our relationships. Some people enter our lives from afar, while others remain strangers despite living nearby. This ancient wisdom highlights that true connections form when timing and circumstances align.

ERock, founded in 2006, provides natural gas generators to data centers, utilities, and commercial and industrial customers across nine U.S. states, with a huge chunk of revenue coming from high-growth regions like Texas and California.

Taking a firm stance, Karnataka's Chief Minister designate DK Shivakumar vows to protect the state's cricketing interests. The recent decision to shift the IPL 2026 finals from Bengaluru to Ahmedabad has ignited a commitment to action.

Otto Hahn, a key figure in nuclear fission discovery, expressed deep shame and sorrow after the atomic bombings of Hiroshima and Nagasaki. His work, driven by scientific curiosity, inadvertently led to the creation of atomic weapons. Hahn's reaction underscores the critical difference between scientific discovery and its application.

Starting your day with the right meal can make weight loss easier and more sustainable. From protein-packed moong dal chilla to fibre-rich overnight oats and healthy curd bowls, these five easy breakfast recipes are nutritious, filling and perfect for Indian readers looking to manage their weight without sacrificing taste.

The government can reclaim leased land for development and other purposes, said Union Minister Manohar Lal. He also stated that similar actions will be taken where required. The Delhi Gymkhana Club was recently asked to vacate its premises. The land taken back will be used as per government requirements. The government order stated that the premises are critically required for the strengthening and securing of defence infrastructure and other vital public security purposes.

India and Myanmar are embarking on a new chapter of friendship. In a recent summit, the leaders agreed to deepen ties focusing on economic growth, transport connectivity, and mutual security. Several key infrastructure initiatives are being fast-tracked, and trade is anticipated to increase, particularly with the innovative rupee-kyat trade mechanism.

Robert Frost's enduring quote highlights the timeless truth of human behavior: some are willing to work, while others are content to let them. This observation remains relevant today, emphasizing the importance of initiative, accountability, and shared responsibility for progress in both professional and personal spheres. It serves as a reminder to be among those who actively contribute to collective goals.

A study of people living on the Tibetan Plateau suggests that human evolution is still occurring today. Researchers examined women who had spent their lives at high altitudes and found that certain physiological traits were linked to greater reproductive success. These adaptations help the body transport oxygen more efficiently in an environment where oxygen levels are low. The findings indicate that natural selection continues to influence human populations facing environmental pressures.

Late Sunday night, US military forces thwarted an attack by intercepting two Iranian ballistic missiles aimed directly at American troops located in Kuwait. The military confirmed that there were no injuries among US personnel.

Tiffany Trump and Michael Boulos have left Jaisalmer for Jamnagar in Gujarat. The couple explored the Jaisalmer Fort, a UNESCO World Heritage site. They experienced traditional Rajasthani hospitality at Suryagarh hotel. Folk artists performed Ghoomar and other cultural programs. They also attended a cultural evening with folk and Sufi music and traditional dances.

June brings a compact but star-studded lineup of Korean dramas featuring romance, action, medical stories and psychological thrillers led by actors like Lee Jae Wook, Seo In Guk, So Ji Sub and Choi Min Sik.

After a four-year break and years of speculation surrounding its future, Euphoria has officially reached the end of its run. Following the broadcast of its landmark Season 3 finale on May 31, 2026, the show's creators confirmed that the shocking episode served not only as a season finale but as the definitive conclusion to the series itself.

Britain has secured new contracts worth 36 million with Thales for hundreds of Lightweight Multirole missiles. These missiles, already utilized by UK forces to intercept drones in the Middle East, will bolster security for the UK and its partners. Deliveries are expected to commence in the upcoming months.