Europe
BBC Business

How long will humans be needed for translation?

"It's raining ropes," is the direct translation. It's the kind of idiom which can trip up an AI translator. "You can imagine the dilemma this throws AI into," says François Yvon, a research director specialised in automatic translation with the French National Centre for Scientific Research CNRS. He says a well-trained system will know that ropes are not literally falling from the sky and use the English phrase "it's raining cats and dogs". "But is it going to find the equivalent when it's translating into Indonesian?" asks Yvon. A comment on the weather is pretty low-risk, but more and more translation is being done by machines, and on topics with higher stakes than the weather. In April, Google said people are now translating, external one trillion words a month with Google Translate. That doesn't count the others: DeepL, Microsoft, Claude, ChatCGT and Gemini, not to mention made-to-measure corporate translation systems. Direct sales of machine translation, external (i.e. outside general AI subscriptions) were worth an estimated $1.4bn (£1bn) last year. "For plenty of use cases, raw AI translation is now the right call: multiplying your costs by 100 to catch the last few percent of errors isn't rational if you're translating internal documents or product listings," says John Zimmerman, founder of OKA (Open Knowledge Association), a Swiss non-profit that translates Wikipedia articles into other languages. "For an encyclopedia it's different. Wikipedia runs on trust. A wrong fact can sit there for years and get cited by journalists and AI systems," he says. With more than 10,000 published pieces, mostly into Spanish, Portuguese and English, OKA is, Zimmerman says, the single largest contributor of translated articles to the collaborative online encyclopedia. "Translating 10,000 articles the traditional way would cost millions. In our process, the AI produces the draft, then a human translator checks every sentence," he explains.

How long will humans be needed for translation?
Europe
BBC Business

Is it OK for jobseekers or employers to use AI?

Could using AI in your job application be ruining your chances of getting hired? Would you use AI to help you write a CV or cover letter? How about during an online assessment or video interview for a job? We are increasingly using the technology to help us with job applications, graduates, external and recruiters say, with many employers happy for us to do so within reason. But when does it cross a line from being acceptable to unethical, or even cheating? Tom, 22, from Maidstone graduated last year with a geography degree and says he applied for over 200 jobs before finally landing a role last month as a restaurant manager. He says the process was "exhausting" and "demoralising", with employers often not even getting back to him, and he wouldn't have got through it without some help from AI. "Employers want you to put your absolute best into the application, but if I'm applying for 10 to 20 jobs in a day, the reality is you can't do that." While Tom says he never used the technology in an assessment or interview, he did use it to help him with cover letters and CVs or to find the right "buzz words" that early stage screening in a recruitment process will pick up on. He also thinks it's "hypocritical" for companies to ask candidates not to use AI when some are using it themselves to screen candidates. "That's where it feels like a weird tightrope. You can't use AI too much because otherwise you're not human. But if you don't write like an AI, you may get skipped by the AI screening." This summer, the Institute of Student Employers (ISE) surveyed 155 of the UK's biggest graduate employers and found they were becoming "more accepting" of candidates using AI during recruitment "at some stages of the recruitment process". According to the trade group, the most commonly accepted use was writing cover letters or CVs, followed by completing online application questions.

Is it OK for jobseekers or employers to use AI?
Europe
BBC Business

Royal Mail losing 400 postal workers a week, says union

Image source, Getty ImagesByColletta Smith, BBC Your Voice correspondent and Elaine Doran, BBC Your Voice producerPublished4 hours agoAbout 400 postmen and women are leaving Royal Mail per week, according to the Communication Workers Union (CWU), who claims this number has gone up since the company introduced a new delivery system earlier this year. The CWU says the firm had been losing about 330 postal staff a week from a workforce of 83,000 before it rolled out DM26, which reorganised routes to improve delivery performance. The union claims the new system is not working in hundreds of offices, and BBC Your Voice has heard from staff warning of a "nightmare" Christmas ahead as the number of parcels increases. Royal Mail says the reforms are part of its plan to deliver a more "efficient and financially sustainable" service. Over the last year we've been in touch with more than 30 postal staff in all four nations of the UK, as they have switched over to DM26. It allows for second class post to only be delivered every other weekday, and is supposed to guarantee first class mail and parcels are delivered every day, by putting workers into groups of three and changing the walking pattern of rounds. But posties speaking to us anonymously say parcels are still being prioritised, letters left behind, and time wasted in sorting and dividing mail into first and second class. "I didn't take any first class mail out on my last shift because I was on a road that's been behind for weeks," a worker in the West Midlands told me. "But I'm sure a manager would have ticked a box to say all first class mail went out." A Royal Mail spokesperson said the company always worked to ensure all mail - both letters and parcels - were delivered on time. Some postal workers we've spoken to say the new model is also increasing their workload. We asked eight workers in different areas to track their average step counts. Since the switchover all their steps increased by a quarter or even a third, often up to around 25,000 steps a day. "We all think this Christmas will be the worst ever, for us and our customers," said one postman in the East Midlands.

Royal Mail losing 400 postal workers a week, says union
Asia
The Hindu BusinessLine

Sensex today | Stock Market Live Updates: Sensex dips to 74,708.49; Nifty 50 trades at 23,148.35

Sensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 19 October 2026. Rupee held near 95 as RBI defends against oil-driven weakness, with likely open 94.92–94.98 amid ongoing interventions. Gold edges higher as oil softens and Fed rate-hike odds loom; investors weigh inflation, PCE data, and central bank signals. Traders can buy the stock now at ₹772 and accumulate at ₹740. Place stop-loss at ₹690. When the price rises to ₹830, revise the stop-loss ₹790 Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Sensex today | Stock Market Live Updates: Sensex dips to 74,708.49; Nifty 50 trades at 23,148.35
Asia
The Economic Times

Mukul Agrawal portfolio: Ace investor adds 7 new equity stocks in Q2. Do you own any?

Ace investor Mukul Mahavir Agrawal is known for his investment strategy, which has generated multibagger returns from several stocks. He publicly holds 77 stocks with a net worth of nearly Rs 8,515 crore, according to Trendlyne data. Here are 7 stocks he likely added to his secondary market portfolio during the second quarter of FY27. With shareholding disclosures still being released, further changes to his portfolio cannot be ruled out. Mukul Agarwal held 10 lakh shares or 1.33% stake in Tega Industries, according to data on NSE. The exact price at which he bought the shares is yet to be known. Tega Industries shares have jumped around 97% in three years but fell over 4% in 2026 so far and 1% in a year.Also read | Why did stock market crash on Monday? Mukul Agarwal held 2.26 lakh shares or 1.69% stake in Innomet Advanced Materials at the end of the second quarter of FY27, according to data on NSE. Innomet Advanced Materials shares have jumped around 160% in 2026 so far and 85% in one year. The company has a market capitalisation of around Rs 379 crore. Mukul Agarwal held 1.46 lakh shares or 1.2% stake in Apsis Aerocom at the end of the second quarter of FY27, according to data on NSE. The total value of his holding in the company stands at around Rs 8.7 crore, according to data on Trendlyne. Apsis Aerocom shares have jumped around 277% in 2026 so far. The company has a market capitalisation of around Rs 729 crore. Mukul Agarwal held 5.36 lakh shares or 2.7% stake in Safety Controls Devices at the end of the second quarter of FY27, according to data. Safety Controls Devices shares have marginally risen in 2026 so far. The company has a market capitalisation of around Rs 156 crore.Also read | PSU bank stocks soar up to 8%, but HDFC, Axis and other private lenders fall up to 5% after Q2 results. Why the sharp divide?​ Mukul Agarwal held 6 lakh shares or 5.64% stake in Recode Studios at the end of the second quarter of FY27, according to data on NSE. Recode Studios shares have jumped around 88% in 2026 so far. The company has a market capitalisation of around Rs 447 crore. Mukul Agarwal held 10.21 lakh shares or 5.12% stake in Poojaa Precision Engg at the end of the second quarter of FY27, according to data on NSE. Poojaa Precision Engg shares have jumped around 76% in 2026 so far. The company has a market capitalisation of around Rs 1,727 crore. Mukul Agarwal held 7.8 lakh shares or 3.1% stake in Anawil Wire Engineering at the end of the second quarter of FY27, according to data on NSE. Anawil Wire Engineering shares have jumped around 16% in 2026 so far. The company has a market capitalisation of around Rs 1,015 crore.Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Mukul Agrawal portfolio: Ace investor adds 7 new equity stocks in Q2. Do you own any?
Europe
BBC Business

Saudi man charged with planting 'sophisticated' recording device in OpenAI office

A Saudi national has been charged with secretly planting a recording device in one of OpenAI's offices in California, federal prosecutors announced. Abdulrahman Alfozan, who worked at the AI firm as an engineer, was charged federally with using or endeavoring to use an electronic, mechanical, or other device to intercept oral communications. OpenAI said it had discovered a "sophisticated recording device" hidden in their San Francisco office and alerted the FBI. The company said it used its AI models to track that it had been planted by an employee. Prosecutors say the device, wrapped in toilet paper, was found inserted in a USB port on the back of a TV in an executive conference room. OpenAI, the maker of the popular chatbot ChatGPT, said that it has no indication that source code, model weights or customer data were inappropriately accessed or taken in the incident. It said the employee has been fired. According to the complaint, Alfozan "allegedly concealed a covert recording device inside his employer's executive conference room to secretly capture sensitive communications," FBI Director Kash Patel said in a statement. Patel said that the alleged goal was to capture information about the company's AI product. Alfozan has been working as an engineer at OpenAI since July 2025, prosecutors say. On 30 September, OpenAI employees discovered the device - two days after prosecutors say it had been installed. The device was encrypted, prosecutors said. OpenAI said they were able to use their AI models "to understand the device and where it had come from, identifying that a specific employee had planted it a few days earlier". According to the FBI, the suspect used a "productivity tool" and a "chatbot" to research sensitive locations at OpenAI and how to secretly place audio equipment. Chatbot prompts that he is alleged to have searched include "building, customizing, installing, audio recording, testing, obfuscating, and remote accessing a device", prosecutors allege.

Saudi man charged with planting 'sophisticated' recording device in OpenAI office
North America
CNBC Finance

PepsiCo cuts earnings forecast as North American turnaround takes longer than expected

PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts' expectations, fueled by international growth as its North American business continues to lag. With one quarter left in 2026, the company also lowered its forecast for its full-year earnings, as its struggles in its home market weigh on profits. Pepsi expects core earnings per share to increase 2.5% to 3.5%, down from its previous projection of the low end of a range from 5% to 7%. It is also now projecting net revenue growth of about 6%, on the high end of its prior outlook of a range of 4% to 6%. Pepsi reported third-quarter net income attributable to the company of $3.05 billion, or $2.23 per share, down from $2.6 billion, or $1.90 per share, a year earlier. Net sales rose 5.6% to $25.27 billion. Organic revenue, which excludes acquisitions, divestitures and foreign exchange, increased 3.1% during the quarter. Pepsi reported volume growth of 3% for its beverages and 1% for its food for the quarter. Volume excludes pricing and currency fluctuations to reflect demand more accurately. The company's international markets were once again the bright spot. Pepsi's international business has accounted for 41% of the company's net revenue so far this year, CEO Ramon Laguarta said in prepared remarks. Pepsi saw volume growth in all but one of its international business units during the quarter. Only its convenient foods division in Europe, the Middle East and Africa reported declining volume, of 1%. "Our business in North America performed below our expectations and represents a meaningful opportunity for improvement," Laguarta said. Its North American beverage unit saw volume shrink 2%, while its North American food division reported flat volume. The turnaround of its domestic business is moving more slowly than expected, CFO Steve Schmitt said in prepared remarks. So far, the strategy to fix the struggling divisions has focused on innovation and the company's advertising and marketing. For its snacks, Pepsi has leaned into simpler ingredients, "alternative" oils and functional benefits, like protein and fiber. Its drink business will continue to stay focused on functional hydration, flavored soft drinks, energy drinks and zero-sugar options. However, Laguarta shared green shoots showing that the company's efforts are working.

PepsiCo cuts earnings forecast as North American turnaround takes longer than expected
Asia-Pacific
The Straits Times

‘All of this is going to pass’: Nvidia CEO Jensen Huang on AI market turmoil

Nvidia chief executive Jensen Huang took a sanguine view of the latest AI stock-market rout, saying the benefits of the technology will soon outweigh the concerns of investors. “All of this is going to pass, and the reason for that is very simple,” Huang told Bloomberg’s Emily Chang during an event in Berlin. “It’s going to be transformative. It’s going to impact in a very positive way every single industry and every single country. There’s no question it will continue, and we’re at the beginning of that.” The remarks capped a tumultuous week for shares of chipmakers and AI infrastructure companies. The closely watched Philadelphia Stock Exchange Semiconductor Index has now fallen for eight straight days, marking the longest losing streak since 2008. Nvidia shares, meanwhile, have dropped during seven of the past eight sessions. Investors have expressed worry that AI spending is not sustainable at a time of higher borrowing costs. All the while, Huang has stuck to upbeat predictions for the AI market and its impact on the broader economy. He expects the returns from massive investments in hardware to ultimately ease market jitters. “With respect to some of the news, it’s choppy news,” he said. “News, as you know, happens all the time, but it won’t change the fundamentals.” Nvidia is central to the global build-out of artificial intelligence infrastructure. It is the biggest seller of AI accelerators, chips that are used to develop and run models. And it has branched out into a variety of related hardware, software and services. The latest sell-off has taken a particular toll on CoreWeave, a cloud-computing services provider that counts Nvidia as one of its biggest backers. The company’s bonds recently hit levels that typically signal distress, and the stock lost a quarter of its value this week.

‘All of this is going to pass’: Nvidia CEO Jensen Huang on AI market turmoil
Europe
BBC Business

Bumble shares soar after report dating firm in $1bn takeover talks

Shares in dating app company Bumble soared by almost 50% on Monday after a report that it is in advanced talks to be bought for around $1bn (£757m). Technology holding company Ithaca could announce a deal to buy the Texas-based firm as early as this week, according to the Wall Street Journal. The jump in Bumble's shares pushed its stock market valuation to over $580m but that is still far below a peak of more than $14bn it reached after listing on the Nasdaq in 2021. Bumble is one of the world's most downloaded dating apps, operating in a crowded market where growth has slowed. The BBC has contacted Bumble and Ithaca for comment. Bumble was launched in 2014 by Whitney Wolfe Herd, who was also a co-founder of dating app giant Tinder. Wolfe Herd built Bumble's brand around a distinctive feature that only allowed women to initiate conversations with matches. It recently abandoned that rule, prompting debate among users over whether the app had lost what set it apart from rivals. "Today, our community is asking for more flexibility, less pressure, and more opportunities to create real, meaningful connections and that is what this new experience provides," Wolfe Herd said in August. Dating apps like Bumble have come under pressure in recent years as some younger users have grown disillusioned with browsing for dates. Bumble said in 2025 that it would cut almost a third of its workforce as the industry grappled with what Wolfe Herd described as an "inflection point" in online dating. Investments in other dating companies have also soured as apps have struggled to convince users to pay for their services. Match Group - which owns apps including Tinder, OkCupid and Hinge - has also seen its shares fall sharply from their peak in 2021.

Bumble shares soar after report dating firm in $1bn takeover talks