Watch live: Lutnick testifies before House on fiscal 2027 budget request

Commerce Secretary Howard Lutnick will testify before the House Appropriations Committee Thursday morning on President Trump’s fiscal 2027 budget request. The White House is requesting $9.2 billion in discretionary budget authority for the Commerce Department — a $1.3 billion decrease from 2026 levels, which includes cuts to climate research grants and other programs deemed “inadequate.”…

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India’s ‘back offices’ are evolving into leadership hubs for global companies

The SAP Labs India Pvt. office in Bengaluru, India, on Thursday, on April 27, 2023. Global capability centers have evolved far beyond tech support, but their growth presents challenges for multinationals and Indian cities alike. Bloomberg | Bloomberg | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful…

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MacKenzie Scott donates $70M to UNCF to bolster HBCUs

Billionaire philanthropist McKenzie Scott donated $ 70 million on Tuesday United Negro College Fund (UnCF), the largest private supplier of scholarship Historically black colleges and universities (HBCUS). According to The Associated Press, the gift is one of the largest single donations of Scott and has been publicly revealed in 2025. It follows the organization in…

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