Tag: Business
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Tech weakness sends weekly global equity fund inflows sharply lower
June 26 : Global equity fund inflows slowed sharply in the week to June 24, as concerns over debt-funded technology spending and a hawkish stance of the U.S. Federal Reserve cooled risk appetite.Investors purchased a net $7.51 billion worth of global equity funds during the week, down about 86 per cent from n
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France’s statistics department reports cyberattack on staff data
PARIS, June 26 : France’s national statistics department Insee said a cyberattack had led to a breach of personal data from its directory, affecting about 12,800 current and former staff and members of Insee-related civil service corps.Insee said the breach involved identities and professional contact details
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Kawasaki Heavy to form technical tie-up with Airbus for defense drones, Nikkei reports
TOKYO, June 26 : Japan’s Kawasaki Heavy Industries will form a technical tie-up with Airbus Defence and Space for defence drones, the Nikkei business daily reported on Friday.The deal marks the first time a Japanese heavy industry firm has partnered with a foreign major on defense drones, the paper said.
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Hyundai to recall over 96,000 US vehicles over faulty instrument panel display, NHTSA says
June 26 : Hyundai Motor is recalling 96,300 vehicles in the U.S. over a software error that may cause the instrument panel display to fail, the U.S. National Highway Traffic Safety Administration said on Friday.Here are some details:• An instrument panel display that has failed to show critical safet
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Red Lobster’s Ultimate Endless Shrimp promotion described as a ‘car crash for the company, lawsuit says
“Thai Union doubled down on a campaign to squeeze out every drop of value that it could,” creditors said
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Asia shares retreat as Apple price hikes rain on chip parade
SYDNEY, June 26 : Asian shares pulled back on Friday after a stellar quarter, as Apple’s hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with Brent crude fut
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Italy regulator probes Microsoft over ‘Microsoft 365’ price hike
ROME, June 26 : Italy’s antitrust authority said on Friday it had opened an investigation into Microsoft over alleged unfair commercial practices linked to the price hike of its “Microsoft 365” subscription. The regulator said the Windows maker did not adequately inform consumers that its Microsoft 365 servic
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Musk’s SpaceX targets US consumers with Starlink mobile service push, FT reports
June 26 : SpaceX has told investors it plans to launch a Starlink mobile service for U.S. consumers, the Financial Times reported on Friday, in a move that could allow the Elon Musk-led company to compete directly with Verizon, AT&T and T-Mobile. Here are some details:• SpaceX already offers direct
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Kioxia shares slump 12% as AI-related stocks fall
TOKYO, June 26 : Shares of Japanese chipmaker Kioxia slid 12 per cent on Friday after a report that ChatGPT maker OpenAI was considering delaying its initial public offering sparked a selloff in AI-related shares.Kioxia, previously called Toshiba Memory and carved out of Toshiba in 2018, is a major producer o
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Asia shares retreat from record as Apple price hikes rain on chip parade
SYDNEY, June 26 : Asian shares pulled back on Friday after a stellar quarter, as Apple’s hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with Brent crude fut
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