Tag: Business
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Uber, Waymo end robotaxi partnership in Phoenix
June 29 : Uber and Alphabet’s Waymo have ended their self-driving partnership in Phoenix, Arizona, as the ride-hailing giant prepares to launch a new autonomous vehicle collaboration in the city.Under the partnership struck in 2023, Uber had integrated Waymo’s autonomous vehicles into its ride-hailing and foo
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Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing
June 29 : Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing.The company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, a subsidiary of Celsius, which received U.S. bankruptcy court approval for a restructurin
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UK dilutes stablecoin capital requirement in final crypto rulebook
LONDON, June 30 : Britain’s financial regulator said on Tuesday it would reduce its planned capital requirements for stablecoin issuers after industry pushback, as it unveiled regulations to bring the cryptoasset sector fully within its remit for the first time. Policymakers around the world are under pressu
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Australia sues Amazon unit over alleged breach via Prime Video ads
June 30 : Australia’s competition regulator said on Tuesday it has taken Amazon’s Australian unit to court, alleging its Prime subscription contracts contained unfair terms that allowed the company to add advertising to Prime Video.The Australian Competition and Consumer Commission (ACCC) alleged that between
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US House passes youth online safety legislation
June 29 : The U.S. House of Representatives passed legislation on Monday that would require online platforms to provide some safeguards for children.The Kids Internet and Digital Safety (KIDS) Act would require companies to offer ways for kids to limit addictive features and put in place policies to protect
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Digital Realty to pay Blackstone $3.5 billion for stake in Virginia data centers
June 29 : Digital Realty will acquire a larger stake in three data centers in Northern Virginia from asset manager Blackstone in a $3.5 billion cash-and-stock deal, the companies said on Monday.Under the deal, which is expected to close on Tuesday, the data center company will pay $1.2 billion of cash and $2.
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Trading Day: Wall Street gains, Dow hits record closing high as fragile US-Iran truce holds
NEW YORK, June 29 : U.S. stocks followed their world counterparts higher on Monday, with the S&P 500 and the Nasdaq snapping five-day losing streaks and the blue-chip Dow notching an all-time closing high as the U.S. and Iran halted attacks and took steps toward de-escalation. I will go into more detail on to
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Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains
HOUSTON, June 29 : Oil prices settled up more than 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working
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Stocks and oil prices rise with eyes on Iran; yen touches 40-year low vs dollar
LONDON/NEW YORK, June 29 : A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran and the U.S., even as oil prices rose after tit-for-tat attacks underscored the risk of escalation. European equities ended flat but Wall Street led gains w
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French parliament passes fast-fashion law to curb Shein and Temu
PARIS, June 29 : France’s Senate passed a revised version of a bill on Monday aimed at curbing online fast-fashion retailers such as Shein, Temu, which is owned by PDD Holdings, and AliExpress, after more than two years of debate and discussion between the upper and lower houses of parliament as lawmakers sought to
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