NEWS
The mainframe moment: how AI-driven modernization is reshaping the COBOL economy
By Axel Miller | 24 Feb 2026
New AI coding tools are accelerating legacy system modernization, raising opportunities and risks for banks, enterprises, and the IT services industry.
UK to regulate Netflix, Amazon Prime Video, and Disney+ under Ofcom rules
By Cygnus | 24 Feb 2026
The UK plans to extend Ofcom oversight to Netflix, Amazon Prime Video, and Disney+, introducing rules on accessibility and audience protections.
Nvidia earnings set to test momentum of AI spending boom
By Axel Miller | 24 Feb 2026
Nvidia’s quarterly results are expected to provide insight into whether massive AI infrastructure spending is translating into sustained growth.
India to launch revised GDP series with new base year and improved methodology
By Cygnus | 24 Feb 2026
India will release a revised GDP series on Feb. 27 with a new base year and improved price data to enhance accuracy of growth estimates.
FedEx sues U.S. government seeking refunds of duties after court ruling
By Axel Miller | 24 Feb 2026
FedEx filed a lawsuit seeking reimbursement for duties paid under tariffs imposed using emergency powers, following a court decision on executive authority.
IBM shares tumble as Anthropic’s AI claims on COBOL modernization unsettle investors
By Cygnus | 24 Feb 2026
IBM shares fell sharply after Anthropic said its AI coding tools could accelerate COBOL modernization, raising concerns about legacy services demand.
The concrete cloud: India’s $250 billion bet on the physical foundations of AI
By Cygnus | 23 Feb 2026
India pivots to AI's physical layer with $250B in pledges for chips and data centers to lead the new era of 'Agentic Commerce.' Read the full report.
EnQuest flags lower 2026 output after North Sea storm disrupts Magnus field operations
By Cygnus | 23 Feb 2026
EnQuest expects lower 2026 production after storm damage to a key North Sea platform caused a multi-week outage at its Magnus field.
Ex-Amazon executive Doug Gurr named permanent chair of UK antitrust regulator
By Axel Miller | 23 Feb 2026
The UK government has appointed former Amazon executive Doug Gurr as permanent chair of the Competition and Markets Authority, pending scrutiny.
Saudi Aramco begins Jafurah condensate sales to U.S. majors and Indian refiner ahead of first exports
By Cygnus | 23 Feb 2026
Saudi Aramco has started selling condensate from its Jafurah gas project to global buyers, marking a step toward commercial exports.
EU warns U.S. against tariff hikes after court ruling, says trade pact must be honored
By Axel Miller | 23 Feb 2026
The EU warned the U.S. against raising tariffs after a court ruling, urging Washington to honor the transatlantic trade agreement and provide clarity.
OpenAI eyes $600 billion compute spending through 2030 as AI infrastructure race accelerates
By Cygnus | 23 Feb 2026
OpenAI is projected to spend about $600 billion on computing infrastructure by 2030, underscoring the rising costs of scaling advanced AI systems.
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