Tag: Business
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Oil prices extend decline on expectations of smoother crude flows via Hormuz
TOKYO, June 24 : Oil prices fell on Wednesday, extending this week’s losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz. Brent crude futures were down…
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Samsung Electronics plans 90 trln won share buyback, Yonhap reports
SEOUL, June 24 : Samsung Electronics plans a share buyback programme worth 90 trillion won ($58.61 billion) after agreeing to give a bonus in stock to employees following recent wage talks, the Yonhap News Agency reported on Wednesday. The memory-chip maker will soon announce details on the plan, Yonhap said
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Google’s YouTube settles case over social media harm to children
June 23 : Google’s YouTube has settled a lawsuit brought by a minor who claimed the platform damaged his mental health, his lawyers said Tuesday, ahead of a second California trial over social media’s role in the youth mental health crisis.The terms of the settlement of the state court lawsuit were confidenti
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MSCI keeps South Korea at emerging market status, cites FX accessibility
SEOUL, June 24 : Global index provider MSCI kept South Korea in its emerging-market category, citing long-standing accessibility issues related to the onshore foreign exchange market in its annual market-classification review. “The Korean won is not deliverable offshore. Even more concerning, onshore liquidit
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Science museum brings soccer tech to World Cup fans
VANCOUVER, June 23 : Soccer & Technology from the FIFA Museum, in its North American debut in Vancouver, has drawn hundreds of fans to Science World to study the game’s evolution as organisers aim to accelerate soccer’s growth in ice hockey-mad Canada.Located at the eastern end of False Creek, Science World s
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SpaceX launches $25 billion notes offering for debt repayment, AI expansion
June 23 : Elon Musk’s SpaceX said on Tuesday it has launched a five-tranche notes offering to raise at least $25 billion, as the newly public company seeks funding for its capital-intensive AI expansion.SpaceX’s AI ambitions carry a hefty price tag, requiring tens of billions of dollars in investment in data
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Google’s YouTube settles case over social media harm to children, plaintiff’s lawyers say
June 23 : Google’s YouTube has settled with a minor who claimed the platform caused mental health harms, the plaintiff’s lawyers said, ahead of a second California trial over claims the design of social media sites has fueled a youth mental health crisis.The terms of the settlement of the state court lawsui
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GameStop CEO Cohen spurns $35 billion pay plan to focus on plan to buy eBay
June 23 : Ryan Cohen, the billionaire CEO of GameStop, will not receive a potential performance award from the videogame retailer and plans to unveil more details about his bid to take over eBay soon, the company said on Tuesday.GameStop unveiled a compensation package worth roughly $35 billion for Cohen in J
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Cerebras shares drop on earnings debut, with margins below AI chip rivals
June 23 : Cerebras Systems on Tuesday forecast 2026 revenue that beat Wall Street estimates, but shares sank as the company’s gross margin forecast confirmed it will be an uphill battle to challenge AI chip leader Nvidia in key markets.Cerebras shares fell 7.8 per cent in extended trading.Cerebras, wh
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MSCI extends Indonesia review to November, flags possible downgrade
June 23: Global index provider MSCI said on Tuesday it extended its review of Indonesia’s status as an “emerging” markets economy and may consider options including a reclassification to “frontier” status, if progress is insufficient by its November review.The global index provider flagged concerns from inte
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