Investor confidence in IBM was shaken after Anthropic suggested that artificial intelligence could significantly simplify the modernization of legacy COBOL systems, raising fears about potential pressure on IBM’s high-margin mainframe services. The concerns led to a sharp market reaction, with IBM shares falling 13 percent in a single trading session on Monday, marking the company’s …
Continue reading “AI Claims on COBOL Modernization Trigger Sharp Sell-Off in IBM Shares”
Renewed turbulence in US trade policy is once again unsettling global markets, following a Supreme Court ruling that struck down President Donald Trump’s import tariff measures. In response, the president sharply criticised the judges involved and swiftly announced a new global tariff of 10 percent, later signalling that the rate could rise to 15 percent. …
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CIOCoverage is an official Media Partner with Apex Invest Global 2026 starting from April 20th 2026. Apex Invest is a global event series cultivating impactful connections between investors and managers (LPs and GPs), driving strategic partnerships and building lasting relationships. Our events feature two days of insightful content curated by our global advisory committee, pre-scheduled one-to-one …
CIOCoverage is an official Media Partner with Digital Twin Tech Summit 2026 starting from June 24th 2026. Digital Twin Tech Summit is a two-day premier networking event connecting visionary thought leaders, industry leaders, and digital twin solution providers on one strategic platform. The summit will feature high-level discussions on digital twin solutions, emerging technologies, industry …
United States President Donald Trump slapped a new 10% tariff on imports from nearly every country in the world, ending months of uncertainty about the measure just hours after the Supreme Court invalidated most of the sweeping trade duties introduced by his administration last year. Calling the decision “terrible,” Trump attacked the justices who voted …
CIOCoverage is an official Media Partner with O&G Digital Twin Conference and Exhibition 2026 starting from May 12th 2026. The O&G Data Driven Digital Twin Conference 2026 stands as a pivotal gathering where industry professionals and technology innovators convene to spearhead an extensive digital transformation within the Oil & Gas sector. This exclusive event is dedicated …
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CIOCoverage is an official Media Partner with PAY360 2026 starting from March 25th 2026. PAY360 returns in 2026, bringing the entire payments ecosystem together at a scale unmatched in the UK. As the UK’s largest payments event, PAY360 convenes 6,000+ attendees, including senior decision-makers from across banks, fintechs, regulators, merchants, big tech, acquirers and payment networks. …
European Union competition authorities have indicated that temporary measures could be introduced to prevent Meta Platforms from restricting artificial intelligence competitors’ access to its WhatsApp platform, as regulators examine potential abuse of market dominance. The European Commission confirmed that it has issued a formal statement of objections to Meta, outlining alleged breaches of EU competition …
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A leadership shift has taken place at Workday, the enterprise software provider, as the technology sector undergoes rapid changes. Co-founder Aneel Bhusri has resumed the role of chief executive officer, returning to a position he previously relinquished in January 2024 when he transitioned to executive chair. He had been succeeded by Carl Eschenbach. The leadership …
Continue reading “AI Disruption Drives Executive Change at Workday”
CIOCoverage is an official Media Partner with GDC Festival of Gaming starting from March 9th 2026. The Festival of Gaming expands that legacy. Across five days, every discipline, every role, and every stage of the game-making lifecycle is on one program – from design and code to publishing, marketing, and investment. It’s still the rigorous, developer-trusted …
