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Alphabet’s cash burn raises alarm for Big Tech as AI spending climbs
July 23 : Alphabet’s first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the world’s most profitable companies, and the pain is only expected to increase.The Google parent burned $5.9 billion in the second quarter, even as the cloud uni
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Euro heads for one-week high ahead of ECB policy decision
TOKYO, July 23 : The euro rose towards a one-week high on Thursday ahead of a European Central Bank policy decision, with officials expected to keep interest rates unchanged but signal the possibility of a hike in September as rising energy prices threaten to stoke inflation. The ECB raised rates in June a
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Dassault Systèmes confirms 2026 outlook, bets on AI with $1.8 billion ArisGlobal deal
July 23 : French software maker Dassault Systèmes confirmed its full-year outlook on Thursday after reporting second-quarter revenue in line with expectations and announced the acquisition of U.S.-based life sciences software company ArisGlobal to deepen its push into artificial intelligence.The company, who
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BOJ to raise rates again by December as weak yen revives inflation risks: Reuters poll
TOKYO, July 23 : The Bank of Japan will raise its interest rate again by end-December and possibly as soon as October, according to a majority of economists in a Reuters poll, keeping further rate rises in view through next year.That outlook underscores the bind Japan’s central bank is in: if it keeps rates l
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Electrified cars drive Europe auto sales growth as Chinese brands gain ground
July 23 : Demand for electrified cars continued to underpin growth in Europe’s auto market in June, offsetting a sharp decline in petrol and diesel sales, data from the European Automobile Manufacturers’ Association (ACEA) showed on Thursday.Growth in car registrations, a proxy for sales, also helped Chines
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South Korea’s Q2 GDP beats estimates on chip export boom
SEOUL, July 23 : South Korea’s economy grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction investment, advance estimates from the Bank of Korea showed on Thursday. Gross domestic product expanded 0.6 per cent in the April-June period
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US-Iran tensions underpin dollar as yen nears 40-year low
TOKYO, July 23 : The dollar largely stabilised on Thursday as renewed U.S.-Iran tensions kept investors on edge and underpinned demand for the safe-haven currency, while the yen languished near a 40-year low with little sign of a turnaround.The dollar index, which measures the greenback against a basket of cu
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South Korea economy expands 0.6% q/q in Q2, better than expected
SEOUL, July 23 : South Korea’s economy grew faster than market expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction investment, advanced estimates from the Bank of Korea showed on Thursday. Gross domestic product expanded 0.6 per cent in the April-Jun
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Google increases capex forecast again after cloud-driven quarterly beat
July 22 : Alphabet on Wednesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.The search giant now expects to spe
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IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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