Tag: Business
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Abercrombie & Fitch begins selling third-party shoe brands in latest bid to chase growth
Abercrombie & Fitch’s explosive growth has slowed, leading the apparel retailer to expand into new categories to boost sales
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Italy’s privacy watchdog fines Emirates over handling of passenger health data
ROME, June 17 : Italy’s data protection authority said on Wednesday it had fined the Emirates airline €180,000 ($208,890) for the allegedly unfair handling of health data of passengers with reduced mobility.• The case stemmed from a complaint by a passenger who said Emirates had made her fill in a medical
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AI will lead to labour shortages, Jeff Bezos says at VivaTech
AMSTERDAM, June 17 : Artificial Intelligence will lead to labour shortages, not the replacement of humans, Amazon founder Jeff Bezos predicted on Wednesday.Bezos was speaking about his new AI startup Prometheus, which is aimed at speeding up physical manufacturing, at the VivaTech conference in Paris.
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US SEC poised to allow stock token trading in potential market shakeup
NEW YORK, June 17 : U.S. equity markets face a potential shakeup as the Securities and Exchange Commission readies a new policy that would allow crypto companies to offer blockchain-based stocks, analysts and lawyers said.The crypto industry says tokenized stocks — blockchain-based instruments that track tr
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CNBC to simulcast 11 WNBA games this season
The simulcasts will expose the WNBA to an affluent audience on CNBC and marks a new chapter for the business news network after it spun out from Comcast.
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Telegram challenging Indian government order that temporarily blocks its use
NEW DELHI, June 17 : Messaging app Telegram has filed a petition in a New Delhi court challenging an Indian government order that has temporarily blocked use of the platform in an effort to prevent exam fraud, a legal news website reported on Wednesday.The extraordinary order blocking the app came into eff
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Publicis chief urges France, Germany to lead European AI fund
PARIS, June 17 : Publicis chairman Maurice Lévy on Wednesday called on France and Germany to lead a pan-European artificial intelligence fund, saying the bloc’s companies were too exposed to U.S. providers that could cut access to advanced AI models without warning.Speaking at VivaTech in Paris, Lévy said E
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UK regulator sets out new rules on Google Search to boost competition
LONDON, June 17 : Britain’s competition watchdog ordered Google to provide greater transparency on how its search rankings work, part of new requirements aimed at securing “a fairer deal” for businesses and improving the U.S. tech giant’s services in the country. The first requires Google to improve transpar
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Italy’s Engineering sells two units to Accenture
June 17 : Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.• No value for the transaction was disclosed.• Alfahealth and Industries eXcellence respectively offer digital solutions
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Japan’s May crude import price hits record high in yen terms amid Mideast war
TOKYO, June 17 : Japan’s crude oil import price hit a record high in yen terms in May, surpassing April levels, Ministry of Finance data showed on Wednesday, driven by a surge in crude prices resulting from supply disruptions caused by the closure of the Strait of Hormuz.• The customs-cleared import price r
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