Tag: Business
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Apple aims for better and more entertainment offerings, executive Cue says
CANNES, France, June 24 : Apple aims to release “better and more” TV shows and movies on its streaming service and in movie theaters, senior executive Eddy Cue told Reuters as he accepted an entertainment industry honor in France.The iPhone maker began offering original TV series and films through the Apple T
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Take-Two prices ‘Grand Theft Auto VI’ at $79.99
June 24 : Take-Two Interactive Software has priced its highly anticipated “Grand Theft Auto VI” at $79.99 and will launch the game on November 19, the company said on Wednesday.”GTA VI” is expected to be the world’s largest videogame launch, bringing in billions of dollars in sales within days of rel
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JERA sees LNG prices staying firm as Qatar repairs drag on, Europe rebuilds stocks
TOKYO, June 24 : Japan’s JERA expects liquefied natural gas prices to remain relatively firm in the near term, as restoring Qatar’s LNG facilities damaged during the Iran war will take time and Europe needs to replenish stocks ahead of winter, its chairman said.”Looking over the next year or so, prices may we
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Agility Robotics to go public in $2.5 billion deal with Michael Klein-backed SPAC
June 24 : Agility Robotics will go public through a merger with blank-check firm Churchill Capital Corp XI in a $2.5 billion deal, the companies said on Wednesday.Here are some details on the deal:• The deal is expected to provide more than $620 million in proceeds to Oregon-based Agility, including
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EU moves to strengthen Europol against rising digital, cross-border crime
June 24 : The European Commission on Wednesday unveiled measures to enable Europol, the EU’s law enforcement agency, to respond more quickly and effectively to cross-border and increasingly digital crime.• Europol warned last year that organised crime gangs were turning to AI-powered scams to target victims
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Cerebras sinks 14% as full-year margin forecast disappoints
June 24 : Cerebras shares tumbled about 14 per cent before the bell on Wednesday after the chip designer warned that annual profit margins would undershoot first-quarter figures in its debut earnings following a blockbuster initial public offering.If the losses hold through the open, the stock is expected to
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Samsung Electronics considers share buyback for stock bonuses, details undecided
SEOUL, June 24 : Samsung Electronics said on Wednesday it was considering buying back shares to fund stock-based employee compensation tied to its 2026 performance, but that no details including timing or size of the buyback had been decided. The clarification came in a regulatory filing after local media rep
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Intense AI use still rare among euro zone firms, ECB researchers find
FRANKFURT, June 24 : Only a small fraction of euro zone firms use artificial intelligence intensely and they tend to be small, young, service-oriented companies, leaving plenty of room for diffusion, a European Central Bank blog post said on Wednesday.The vast majority of firms now say they have been using AI
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Fewer job offers for junior roles due to AI, Swiss study shows
ZURICH, June 24 : Fewer junior positions are being advertised in Switzerland than before 2023 as firms increasingly adopt AI, a study by Swiss job portal jobs.ch published on Wednesday showed.The share of entry level roles advertised in Switzerland was 32 per cent lower in 2025 than the average between 2019 a
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Oil extends slide to more than 1% on expectations of smoother crude flows via Hormuz
BENGALURU, June 24 : Oil prices fell more than 1 per cent on Wednesday, extending this week’s losses to hit fresh four-month lows on signs that more oil tankers are set to move out of the Strait of Hormuz. Brent crude futures were down $1.37, or 1.8 per cent, at $75.71 a barrel by 0805…
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