Tag: Business
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Blackstone invests in South Korean robotics supplier Futronic
July 20 : Blackstone has invested in Futronic, a supplier of high-precision actuators serving automotive and industrial robotics sectors, the world’s largest alternative asset manager said on Monday. The deal values the South Korean firm at about 1 trillion won ($676.04 million), according to a person with k
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Ryanair profit slumps 34% as airlines brace for a ‘difficult winter’ amid Middle East crisis
Ryanair’s first-quarter profit took a 34% hit as consumers delayed bookings due to the Middle East crisis, while struggling airlines face a “difficult winter.”
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Analysis:Could AI chip boom make ASML Europe’s first trillion-dollar firm?
AMSTERDAM, July 20 : The global artificial intelligence boom has propelled ASML to the top of Europe’s stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to make them.After blowout second quarter earnings, investors and analysts
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FIFA emerges as the $9 billion winner as the biggest, brashest World Cup ever draws to a close
The football governing body presided over the most lucrative sporting event in history and is poised to net over $9 billion in revenue for 2026.
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Asia shares shaky as oil climbs, earnings loom
SYDNEY, July 20 : Asian share markets slipped on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the AI trade.Brent crude climbed above $90 a barrel for the first time in more than…
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Oil jumps on Iran strikes, Hormuz shipping incident
HONG KONG: Oil prices surged in early Asian trade on Monday (Jul 20) after the United States struck Iran for a ninth consecutive night and a vessel caught fire in the Strait of Hormuz.The gains reflected gr
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Asia shares hesitant as oil climbs, earnings loom
SYDNEY, July 20 : Asian share markets were hesitant on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the AI trade.Brent crude climbed 3 per cent to cross $90 a barrel for the…
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SpaceX moves Starship launch attempt to Thursday
July 19 : SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday.SpaceX CEO Elon Musk posted on X later on Sunday that the next Starship launch would occur on Friday, contradicting the earlier statement from his company. He did not s
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UK chief financial officers turn more hopeful about AI
LONDON, July 20 : The finance bosses at many of Britain’s biggest companies are more optimistic about the impact of artificial intelligence on their businesses and a bit less worried about risks from geopolitics, according to a report published on Monday.The survey of UK chief financial officers by accountanc
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Universal and Christopher Nolan’s ‘The Odyssey’ sails to $124.5 million opening
Christopher Nolan’s “The Odyssey” tallied an estimated $124.5 million at the domestic box office, with IMAX screenings fueling a big haul.
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