Tag: cent
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EV demand powers Europe car market in May, Chinese rivals expand share
June 23 : Demand for electrified cars continued to underpin growth in Europe’s auto market in May, offsetting a sharp decline in petrol and diesel sales and allowing Chinese brands to expand their footprint, data from the European Automobile Manufacturers’ Association (ACEA) showed on Tuesday.Total car regi
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Kadokawa, Japan’s ‘Elden Ring’ powerhouse, faces battle over CEO at shareholder meeting
TOKYO, June 23 : Kadokawa, the Japanese firm behind the dark epic “Elden Ring” video game franchise, is now facing a nightmare of its own: an activist shareholder who wants its CEO gone, wielding a big stake and proxy advisor support.The showdown will take place at Wednesday’s annual general meeting and is be
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US tech megacaps slide as SpaceX extends slump, AI expense concerns grow
June 22 : Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in market value, driven by AI spending concerns.SpaceX slid over 10 per cent after last week’s blistering post-IPO rally. The
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Stocks steady, oil falls as Iran peace talks progress
SYDNEY/LONDON, June 22 : European stocks and U.S. futures steadied while oil prices dipped on Monday after mediators said progress had been made in U.S.-Iran peace talks, helping calm fears the fragile process to end the war was breaking down.Meanwhile, the pound and UK bonds rose after Prime Minister Keir St
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Amazon Prime Day to gauge US consumer strain as focus shifts to basics
NEW YORK, June 22 : Amazon Prime Day starting on Tuesday will be a litmus test of U.S. shoppers’ spending power, with the earlier-than-usual sales event increasingly centered on perishable groceries, household basics and back-to-school needs rather than carefree splurges.The four-day blitz running June 23 to
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Stocks waver, oil falls as traders weigh fragile Iran peace talks
SYDNEY/LONDON, June 22 : European stocks and U.S. futures fell slightly while oil prices dipped on Monday after Iranian negotiators said progress had been made in peace talks with the United States, helping calm fears the fragile process to end the Iran war was breaking down.Officials from Qatar and Pakistan
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Philippines cuts 2026 growth forecast, citing graft scandal and energy crisis
MANILA, June 22 : Growth in the Philippines this year will be lower than previously forecast due to the energy crisis and the lingering effects of a corruption scandal that has slowed government spending, the economic planning secretary said on Monday.Growth is now seen coming in at 3.5 per cent to 4.5 per ce
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Asian stocks gain, oil slips as Iran talks progress
SYDNEY, June 22 : Asian share markets swung higher on Monday as Iranian negotiators said progress had been made in peace talks with the United States, helping calm fears the process was breaking down.Officials from Qatar and Pakistan also released a statement saying the first session of talks had concluded an
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Thailand will raise its annual economic growth potential to 3% by 2030, Finance Minister says
BANGKOK, June 22 : Thailand plans to lift its economic growth potential to 3.0 per cent from 2.7 per cent by 2030, Finance Minister Ekniti Nitithanprapas said on Monday.• The government will drive economic growth through “four pillars” including new investment, trade and services like tourism and agricultur
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Stocks rally in Asia as Iran cites progress in talks
SYDNEY, June 22 : Asian share markets swung higher on Monday as Iranian negotiators said progress had been made in peace talks with the United States, helping calm fears the process was breaking down.Officials from Qatar and Pakistan also released a statement saying the first session of talks had concluded an
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