French tech company Capgemini says selling US subsidiary

PARIS, Feb 1 (Reuters) - French tech company Capgemini said ​on Sunday it was ‌selling its U.S. subsidiary Capgemini Government ‌Solutions.

Capgemini has been under pressure in recent days to explain a contract it signed ⁠with U.S ‌immigration enforcement agency ICE, amid growing criticism of ‍ICE following weeks of protests against U.S. President Donald Trump's immigration crackdown.

"Capgemini ​considered that the usual legal ‌constraints imposed in the United States on contracting with federal entities conducting classified activities did not allow the Group ⁠to exercise appropriate ​control over ​certain aspects of this subsidiary's operations in order to ‍ensure alignment ⁠with the Group's objectives," it said in a ⁠statement.

(Reporting by Sybille de La Hamaide ‌and Betrand Boucey; Editing ‌by Alexander Smith)

French tech company Capgemini says selling US subsidiary

PARIS, Feb 1 (Reuters) - French tech company Capgemini said ​on Sunday it was ‌selling its U.S. subsidiary Capgemini Gove...
India's budget boosts infrastructure spending while vowing fiscal discipline

NEW DELHI (AP) — Prime Minister Narendra Modi's government presented its annual budget to Parliament on Sunday, focusing on sustaining the country's economic growth despitevolatilefinancial markets and trade uncertainty.

Associated Press

In a speech introducing the budget, Finance Minister Nirmala Sitharaman said the governments plans to boost investments in infrastructure and domestic manufacturing while sticking to fiscal prudence.

The budget for the 2026-27 financial year, which starts April 1, comes as major economies grapple with high interest rates,geopolitical tensionsand renewed protectionism that has weighed on global trade and capital flows.

India has so far withstood hightariffsimposed by the U.S., largely by frontloading some exports and diversifying shipments to new destinations.

The finance ministry's economic survey, which was released on Thursday ahead of the budget, forecast India's economy to grow between 6.8% and 7.2% in the next fiscal year buoyed by increasing domestic consumption.

Despite plans for higher spending in some areas, the government reiterated its commitment to fiscal consolidation, targeting a deficit of 4.3% of the GDP next year, down slightly from the 4.4% of GDP deficit the government is on track to achieve in the fiscal year ending inMarch.

Here are some key takeaways from the budget:

No populist giveaways, focus on structural reforms

Sitharaman offered no populist giveaways, saying New Delhi will focus on building resilience at home while positioning itself more firmly in the global supply chain.

Last year's budget wooed the salaried middle class with steep tax cuts after Modi secured a landslide victory in the national polls.

"India will continue to take confident steps towards Viksit Bharat (Developed India), balancing ambition with inclusion," Sitharaman said.

The focus will be on structural reforms, mainly in the manufacturing sector, while also stepping up investments in niche industries such as biopharma andartificial intelligence, she added.

Manufacturing and supply chain resilience

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The budget call for the government's capital expenditure for the next fiscal year to reach 12.2 trillion rupees ($133 billion), mainly on infrastructure, up from 11.2 trillion rupees last year.

This comes at a time when many advanced economies are cutting back public investments due to high debt and tightened monetary policy. India will use state spending to prop up growth.

Sitharaman said the government will scale up manufacturing in seven strategic sectors including biopharma, semiconductors, electronics components and rare earth magnets. To reduce import dependency, three chemical production parks will be set up.

Recognizing global concerns over slowing job creation, especially in manufacturing, the budget announced additional credit support and a growth fund for micro, small and medium enterprises.

Financial market reforms aim to attract capital

Sitharaman outlined steps to deepen India's financial markets, including measures to strengthen the corporate bond market and ease certain rules for foreign investors.

With global capital increasingly selective amid higher interest rates in the West, emerging markets are competing for stable and long-term investment.

"I propose a comprehensive review of the Foreign Exchange Management (Non-debt Instruments) Rules to create a more contemporary, user-friendly framework for foreign investments, consistent with India's evolving economic priorities," Sitharaman said.

Budget promises rail development

Sitharaman said India plans to promote environmentally sustainable travel with seven high-speed rail corridors between key cities such as Mumbai-Pune, Hyderabad-Bengaluru, Pune-Hyderabad, and Chennai-Bengaluru.

For cargo movement, an unspecified number of new dedicated freight corridors will be set up and 20 new waterways operationalized over the next five years, she said.

Dedicated freight corridors will also be set up for rare earths to promote mining, processing, research and manufacturing.

In addition, she said that the government will develop ecologically sustainable mountain and coastal trails to promote ecological tourism.

India's budget boosts infrastructure spending while vowing fiscal discipline

NEW DELHI (AP) — Prime Minister Narendra Modi's government presented its annual budget to Parliament on Sunday, focus...
OPEC+ set to keep planned oil output pause for March as prices jump, sources say

By Olesya Astakhova and Ahmad Ghaddar

MOSCOW/LONDON, Feb 1 (Reuters) - OPEC+ is likely to keep its planned pause on oil output increases for March when it ​meets later on Sunday, three OPEC+ delegates told Reuters, even after crude prices ‌hit six-month highs on concern the U.S. could launch a military strike on OPEC member Iran.

The meeting of eight ‌OPEC+ members comes as Brent crude closed near $70 a barrel on Friday, close to a six-month high of $71.89 reached on Thursday, despite speculation that a supply glut in 2026 would push prices down.

The eight producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, ⁠Algeria and Oman - raised production ‌quotas by about 2.9 million barrels per day from April through December 2025, roughly 3% of global demand.

They then froze further planned increases ‍for January through March 2026 because of seasonally weaker consumption.

Sunday's meeting is due to start at 1330 GMT, two sources said. It is not expected to take any decisions for output policy beyond March, ​sources said on Friday.

OPEC+ includes the Organization of the Petroleum Exporting Countries, plus Russia ‌and other allies. The full OPEC+ pumps about half of the world's oil.

A separate OPEC+ panel called the Joint Ministerial Monitoring Committee is also scheduled to meet on Sunday, delegates said. The JMMC does not have decision-making authority on production policy.

U.S. President Donald Trump is weighing options against Iran that include targeted strikes on security forces and leaders ⁠to inspire protesters, multiple sources said on Thursday.

Washington has ​imposed extensive sanctions on Tehran to choke off ​its oil revenue, a crucial source of state funding.

Both the U.S. and Iran have since signalled willingness to engage in dialogue, but Tehran on ‍Friday said its defence ⁠capabilities should not be included in any talks.

Oil prices have also been supported by supply losses in Kazakhstan, where the oil sector has suffered a series of ⁠disruptions in recent months. Kazakhstan said on Wednesday it was restarting the huge Tengiz oilfield in stages.

(Reporting ‌by Olesya Astakhova in Moscow, Alex Lawler and Ahmad Ghaddar in London. Writing ‌by Alex Lawler, Editing by Alexander Smith)

OPEC+ set to keep planned oil output pause for March as prices jump, sources say

By Olesya Astakhova and Ahmad Ghaddar MOSCOW/LONDON, Feb 1 (Reuters) - OPEC+ is likely to keep its planned pause...
A year after losing Luka Dončić, the Mavs have brighter days ahead because of Cooper Flagg

HOUSTON — A flummoxed Cooper Flagg was the first Maverick to emerge from the tunnel at halftime, using his right hand to slap against his thigh, visibly frustrated with how his team had turned a one-point game into an eight-point deficit in five minutes.

Yahoo Sports

That the 19-year-old was leading the procession into the Dallas locker room was not lost on the occasion, nor was it out of the ordinary. Leadership and poise are two of the most common words associated with the No. 1 pick when his older, more experienced teammates are asked to describe Flagg. His broad shoulders and body language being the telltale signs of the Mavericks' mood are no surprise halfway through his rookie season.

But the sudden presence of everything else — the burning sense of urgency to win, the rapidly developing awareness of momentum, and more profoundly, what's expected of him — is why Dallas' newfound direction under Flagg instills hope.

"I feel confident," Flagg said following his 34-point, 12-rebound, 5-assist performance ina 111-107 loss to Houston, which is fourth in the West. "Getting to my spots, making some shots. When I play with confidence and a downhill mentality, it's really good for our team. The guys are pushing me to be aggressive, and I'm trying to do what's best for the team."

A year ago,the Mavericks traded Luka Dončić to the Lakers in the middle of the night, undoubtedly the most shocking transaction in NBA history. The foregoing of everything Dončić' brought to the table — his gravity, otherworldly offensive arsenal and his ability to raise the ceiling of a franchise — ushered in a new era of uncertainty for a Dallas team that was on the cusp of a title less than eight months prior. Anthony Davis, the central returning piece, was immediately thrust into then-general manager Nico Harrison's grand plans of contention.

But an extended trip down revisionist lane serves no good purpose. The Mavericks were never able to manifest their plans of a championship triumvirate; Kyrie Irving, offseason addition Klay Thompson and Davis have yet to play a game together. The basketball gods smiled down on the Mavs, however. The ping-pong balls fell their way, and Flagg landed graciously in their lap. Harrison was later relieved of his duties.

Suddenly, Flagg became the symbol of desperation. Desperation of a Mavericks fanbase emotionally torn from the departure of one of their own and the arrival of something new. Desperation of a Dallas front office searching for a centripetal young force. Desperation of the NBA seeking a fresh, exciting storyline.

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For a teenager, the weight of expectations and anticipation can be overwhelming. But Flagg, who's scored 83 points over his last two games and is operating at a 22.2-point, 6.6-rebound, 4.7-assist clip since Dec. 1, it's evident he's no ordinary kid.

"A lot of maturity and poise coming from him," teammate Max Christie told Yahoo Sports. "He's 19 years old, already becoming an avid leader on this team. It shows with his play but also with the way he acts in the locker room, practice and what not. He's been able to endure a lot and he's been great for us. Very cool to watch him develop and blossom into the player we all know he can be."

The Mavericks, who are now 13-15 over the last two months, continue to slide further away from the final play-in spot, currently occupied by the Los Angeles Clippers. But Dallas' goals — or Flagg's goals, at least — outweigh the potential prospect of a postseason push.

Spend any amount of time around head coach Jason Kidd, and the level of passion, trust and care he's put in Flagg is evident. During games, Kidd can be seen with both hands in his pockets near midcourt, calmly calling out occasional sets for Flagg to run using his fingers — knowing that ball retention is near the top of the rookie's to-do list. According to Cleaning the Glass, the Mavericks commit nearly 3% less turnovers when Flagg is on the floor, an impact metric graded in the 95th percentile.

Flagg is an extremely ball-savvy player who understands spacing, structure and his teammates. But as the weeks and months have progressed, Flagg has become more aware ofhimself, what he can and can't do yet — and how best to leverage his unique skill set. His assist-to-turnover ratio is positive, he encourages ball movement and operates within the flow of the offense. He may not be a traditional point guard — Kidd vehemently pushed back on early criticism regarding Flagg's position and stormed out of Saturday's postgame news conference — but it's clear the rookie needs the ball in his hands more often than he doesn't.

Advanced metrics like DARKO and LEBRON already consider him closer to a top-100 player than not. Per Bball-Index, Flagg ranks in the 93rd percentile in rim shot creation, 89th in drives per 75 possessions, 97th in rim shot-making efficiency, 97th in finishing talent and among the top 10% in shot creation and transition ability. Flagg is level on drives per game with Amen Thompson and averages more downhill trips than names like Anthony Edwards, LaMelo Ball and De'Aaron Fox. The next evolution in Flagg's game, aside from improving his outside touch and defensive efficiency, is how his presence — or lack thereof — is felt by his team. Dallas, statistically, is a hairline fraction better offensively with him on the floor and worse defensively. The numbers split isn't catastrophic — we're talking about a 19-year-old after all — but it's enough to understand where the growth should continue.

"It's been amazing," Thompson told Yahoo Sports of Flagg's progress. "Especially with his composure down the stretch. He's going to be an amazing player that stays here for a long time, so Mavericks fans are very blessed to have him. It's been awesome to see his growth from game to game. He's gonna be super special."

The next few days in the NBA world will be dominated by trade talks, with Milwaukee Bucks superstar Giannis Antetokounmpo at the top of the list, his immediate future uncertain. One thousand miles away, the Mavericks will wait patiently for Flagg to emerge from his cocoon. Dončić's triple-double on Friday was a harsh reminder of Dallas' past. Flagg's 49-point masterclass vs. Charlotte on Thursday, followed up with Saturday's 34-point showing, is yet another reminder of their bright future.

A year after losing Luka Dončić, the Mavs have brighter days ahead because of Cooper Flagg

HOUSTON — A flummoxed Cooper Flagg was the first Maverick to emerge from the tunnel at halftime, using his right hand to ...
Alexander Volkanovski defends featherweight title vs. Diego Lopes

In front of a deafening Sydney crowd, UFC featherweight champion Alexander Volkanovski survived a fifth-round rally attempt from Diego Lopes to win yet another unanimous decision (49-46, 49-46, 50-45) in their rematch at UFC 325 Sunday morning.

Field Level Media

Just like their first meeting last April at UFC 314, Lopes (27-8 MMA, 6-3 UFC) wouldn't let Volkanovski (28-4 MMA, 15-3 UFC) coast easily, as the first three rounds saw Lopes take Volkanovski's best shots and deliver some of his own. But Volkanovski retaliated with adjustments throughout, utilizing the clinch to cut Lopes's cage room off.

Volkanovski's win was his first title defense during his second reign, ushering in a reinvigorated era at featherweight moving forward.

But for Volkanovski, winning his first fight in his home country in nearly three years with full backing of the Australian crowd felt different.

"I didn't want to stand (with Lopes) for 25 minutes, but we got the job done," Volkanovski said.

Volkanovski said he's excited to get back in the Octagon soon, saying he would "see what's next" with his team.

Lopes was humble in defeat, although he had a visible reaction to the one judge who ruled all five rounds in Volkanovski's favor.

"I think Volkanovski is one of the best in the division and has been for this long," the Brazilian competitor said.

Lopes called this part of the journey "step-by-step," as he prepares for an uncertain next fight after his second failed championship match against the future Hall of Famer.

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Lightweight Benoit Saint-Denis of France effortlessly defeated New Zealand's Dan Hooker by second-round TKO in the night's co-main event with punches from the mount position.

Saint-Denis (17-3 MMA, 9-3 UFC) has put himself in a firm position to remain in title contention this year with four straight wins, while Hooker (24-14 MMA, 14-10 UFC) has dropped back-to-back fights and will continue to go back to the drawing board.

A devastating right hand from lightweight Mauricio Ruffy of Brazil marked the beginning of the end of a high-stakes featured bout opposite Rafael Fiziev of Azerbaijan. Ruffy (13-2 MMA, 4-1 UFC) secured a TKO victory with 30 seconds left in the second round, bouncing back from a loss to Saint-Denis for his eighth win in the last nine fights.

As for Fiziev (13-5 MMA, 7-5 UFC), he has lost four of his last five outings since his six-match win streak was snapped in March 2023.

In the second bout of the main card, heavyweights took center stage as Brazil's Tallison Teixeira outworked Australia's Tai Tuivasa to win a unanimous decision 29-28, 29-28, 29-28 using crisp striking and dominant wrestling through the first two rounds to put Tuivasa in survival mode entering Round 3.

A rally by Tuivasa in an attempt to secure a comeback KO/TKO stoppage fell short. Teixeira (9-1 MMA, 2-1 UFC) handed Tuivasa (15-9 MMA, 8-9 UFC) his sixth straight loss dating back to September 2022.

The UFC 325 main card opened with lightweight Quillan Salkilld doing his part by not fooling the oddsmakers, making quick work of Jamie Mullarkey with a rear-naked-choke submission finish at 3:02 of the opening round in a battle of Australian competitors.

Salkilld (11-1 MMA, 4-0 UFC) closed at DraftKings Sportsbook at -1050, making him the largest betting favorite on the card. Meanwhile, Mullarkey (18-9 MMA, 6-7 UFC) has lost three of his last four.

The UFC does not have a numbered event scheduled in February, with UFC 326 scheduled for March 7 in Las Vegas. The promotion returns to Las Vegas next Saturday for its first UFC Fight Night event of the year from the Meta APEX (formerly UFC APEX).

-Field Level Media

Alexander Volkanovski defends featherweight title vs. Diego Lopes

In front of a deafening Sydney crowd, UFC featherweight champion Alexander Volkanovski survived a fifth-round rally at...

 

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