Tag: million
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UK investors sue Binance in London for £150 million
LONDON, June 30 : Almost 1,700 British investors are suing Binance and founder Changpeng Zhao for at least £150 million ($200 million), alleging the crypto trading platform sold them risky, complex derivative products without regulatory authorisation.The claimants, some of whom said they had lost tens of tho
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Crypto firms have spent $189 million so far on 2026 US election, report says
June 30 : Cryptocurrency companies have spent $189 million so far to influence the 2026 U.S. midterm elections, outpacing their spending for the previous election cycle, according to a new report from Public Citizen, a consumer advocacy organization. More than one-third of all corporate money contributed to t
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In blow to DC Studios, Supergirl is no match for Toy Story 5 at North American box office
Supergirl has failed to lift off. It opened with US$38 million in US and Canadian theatres. It added US$30 million in overseas markets.
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BlackBerry lifts annual revenue forecast as QNX unit powers growth, shares rise
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its Toronto-listed shares up around 19 per cent.Once a powerhouse in the smartphone industry, BlackBerry has shifted its focus tow
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BlackBerry lifts annual revenue forecast as QNX unit powers growth
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its U.S.-listed shares up around 8 per cent in premarket trading.Once a powerhouse in the smartphone industry, BlackBerry has shif
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France’s OVHcloud confirms outlook, posts higher quarterly growth on public cloud strength
June 25 : French cloud computing group OVHcloud reported organic revenue growth of 6.9 per cent in the third quarter, up from 5.1 per cent in the previous quarter, supported by its public cloud division, and also confirmed its full-year outlook. The growth was led by markets outside France, with the rest
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Cerebras shares drop on earnings debut, with margins below AI chip rivals
June 23 : Cerebras Systems on Tuesday forecast 2026 revenue that beat Wall Street estimates, but shares sank as the company’s gross margin forecast confirmed it will be an uphill battle to challenge AI chip leader Nvidia in key markets.Cerebras shares fell 7.8 per cent in extended trading.Cerebras, wh
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World Cup turnout defies concerns, as Americans flock for the spectacle
NEW YORK, June 23 : World Cup attendances are on track for record highs despite daunting ticket prices and Trump administration travel restrictions. Experts say it is less a reflection of America’s fondness for soccer, and more a measure of its love of spectacle. Through 44 matches, total attendance topped 2
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Kang moves to take control of Olympique Lyonnais owner EFG for $30 million
June 23 : Sports businesswoman Michele Kang, who has been the chair and CEO of Eagle Football Group, has offered to pay $30 million for an 88 per cent stake in a deal which also includes €71 million ($81 million) in financing aimed at restructuring the debt of the owner of French soccer club Olympique…
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Vimeo owner Bending Spoons seeks $1.62 billion US IPO, sources say
NEW YORK, June 22 : Bending Spoons, an Italian technology company that acquires and revamps software businesses, is seeking to raise as much as $1.62 billion in a U.S. initial public offering, according to two people familiar with the matter, in what would be one of the largest IPOs by a European company this year
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