Tag: Business
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Oil prices little changed but set for steepest monthly and quarterly loss since 2020
June 30 : Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent futures rose 3 cents to $73.
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Dollar pushes higher, yen sinks to 40-year low
NEW YORK/LONDON, June 30 : The dollar gained on Tuesday and pushed the yen to its lowest levels since 1986, heightening expectations that direct intervention from Tokyo may be near and also putting the euro under pressure.The U.S. dollar climbed to as high as 162.50 yen and was last at 162.42, up 0.3 per cent
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Iran war and AI boom drive wild ride on global markets
LONDON, June 30 : Investors have had to gulp down the motion-sickness tablets this year as the turmoil from the Iran war has clashed with a seemingly unstoppable boom in all things AI and otherworldly.Global stocks are now $7 trillion higher than at the end of 2025, even though the war caused a $9 trillion…
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Amazon’s AWS commits $1 billion toward new unit for embedded AI engineers
SAN FRANCISCO, June 30 : Amazon said on Tuesday it is creating a new division under its Amazon Web Services cloud unit employing so-called forward-deployed engineers who embed with customers to help them more quickly and efficiently adopt artificial intelligence software.The company is committing an initial $
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Consortium including Visa, Mastercard jointly launch new global stablecoin
June 30 : A consortium including Visa, Mastercard and Coinbase on Tuesday launched a new joint stablecoin in a bid to broaden the adoption of the digital tokens.The venture, called Open Standard, brings together more than 140 businesses for the stablecoin network and will issue a new U.S.-dollar pegged stable
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Apptronik launches robot training hub, unveils Apollo 2 humanoid robot
June 30 : Google-backed Apptronik unveiled a new robot training facility on Tuesday, betting that large-scale real-world data collection will accelerate the commercialization of humanoid robots.The Austin-based startup said the facility, developed with Google DeepMind, is designed to move robots from pilot pr
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Bank of England’s Breeden signals new rules to govern agentic AI
LONDON, June 30 : The Bank of England on Tuesday signalled the need for bespoke AI regulation to contain risks to the financial system posed by increasingly capable agentic systems, in a potential shift in its approach to overseeing the technology. Following years of insistence that existing frameworks were
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Meta loses bid to dismiss US states’ claims that Facebook, Instagram addict children
June 30 : A federal judge rejected Meta Platforms’ bid to dismiss a lawsuit by dozens of U.S. state attorneys general accusing it of designing Facebook and Instagram to be addictive to children and knowingly concealing the harm from the public.In a decision late on Monday night, U.S. District Judge Yvonne Gon
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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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US approach to regulation of AI is problematic, Sixth Street’s Chavez says
LONDON, June 30 : The United States’ regulation of artificial intelligence is problematic and inconsistent, Martin Chavez, vice chairman at investment firm Sixth Street, told Reuters on Tuesday.Speaking at the Reuters Momentum AI London event, Chavez criticised the current U.S. approach of regulating each n
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