Tag: Business
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Orion CMC in advanced discussions for three Asian partnerships
MELBOURNE, June 23 : Orion Critical Mineral Consortium, a minerals investment group backed by the U.S. government, is in advanced discussions to establish three new public-private partnerships in Asia as it seeks to fund a $20 billion global pipeline of opportunities, executives told Reuters. The consortium
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Indian startup head Kunal Shah appointed as new WhatsApp boss
MUMBAI: Meta has tapped Indian fintech founder Kunal Shah as the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app’s massive user base.The announcement, made Monday night (Jun 22), was accompanied by news that Meta would also lead a
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Exclusive-Nissan shelves development of electric Qashqai in cost-cutting drive
TOKYO, June 23 : Nissan has stopped work on an electric version of its top-selling model in Europe, six sources with knowledge of the matter said, as the Japanese automaker trims its lineup and cuts costs.The move to quietly halt development of a fully electric Qashqai comes as traditional rivals and new Chin
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EV demand powers Europe car market in May, Chinese rivals expand share
June 23 : Demand for electrified cars continued to underpin growth in Europe’s auto market in May, offsetting a sharp decline in petrol and diesel sales and allowing Chinese brands to expand their footprint, data from the European Automobile Manufacturers’ Association (ACEA) showed on Tuesday.Total car regi
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Kadokawa, Japan’s ‘Elden Ring’ powerhouse, faces battle over CEO at shareholder meeting
TOKYO, June 23 : Kadokawa, the Japanese firm behind the dark epic “Elden Ring” video game franchise, is now facing a nightmare of its own: an activist shareholder who wants its CEO gone, wielding a big stake and proxy advisor support.The showdown will take place at Wednesday’s annual general meeting and is be
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Oil inches down as investors focus on Hormuz flows after peace talks
June 23 : Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures fell 20 cents, or 0.3 per cent, to $77.70 a barrel and U.S. West
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Nissan shareholders reject appointment of external director Nagai to board
June 23 : Nissan Motor shareholders did not approve the appointment of long-serving outside director Motoo Nagai to the Japanese automaker’s board on Tuesday.
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Japan’s Katayama held talks with US Treasury’s Bessent on financial markets
TOKYO, June 23 : Japan’s finance minister Satsuki Katayama said on Tuesday she held an online meeting with U.S. Treasury Secretary Scott Bessent a day earlier to discuss global financial markets, as concerns mount over sharp currency swings.”We discussed the situation surrounding global financial markets, inc
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Dollar firms on hawkish Fed bets, oil rebound; yen near 40-year low
HONG KONG, June 23 : The U.S. dollar held firm on Tuesday as traders positioned for a more hawkish Federal Reserve and oil prices rebounded following steep losses, while the yen flirted with a four-decade low.U.S. Treasury yields remained elevated after a jump on Monday, with those on interest-rate-sensitive
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AI startup Baseten hits $13 billion valuation as Australia’s Blackbird makes record bet
SYDNEY, June 23 : Baseten, a California-based artificial intelligence startup co-founded by Australians, said it raised $1.5 billion in a funding round that valued the company at $13 billion, underscoring the surge of capital flowing into AI firms.The round was led by U.S.-based investors Sands Capital and We
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