Tag: Business
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Italian mother takes on Meta, TikTok after daughter’s death
ASTI, Italy, June 17 : In the span of just a few months, Irene Roggero Ugues watched her daughter Rossella’s behaviour change as social media fed her an increasing stream of self-harm content, before the 12-year-old died by suicide.Only after Rossella’s death did Irene and her husband unlock her devices. They
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Bank of Korea vows to respond until inflation eases towards target
SEOUL, June 17 : The governor of the Bank of Korea on Wednesday vowed to adjust policy to curb inflation, as the central bank said price pressures were expected to keep inflation above its target through next year, even with progress toward ending the U.S. war with Iran.”We will actively respond until we are
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Philippines’ Globe Telecom moves ahead with Mynt IPO-related filings
June 17 : Philippines-based communications firm Globe Telecom said on Wednesday its board approved two filings related to the proposed initial public offering of its e-wallet unit Mynt with the Securities and Exchange Commission and the local stock exchange. Here are some more details:• Globe Telecom
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Vietnam maintains 2026 GDP target despite trade deficit, inflation pressure
HANOI, June 17 : Vietnam will stick to its economic growth target of 10 per cent this year, despite a widening trade deficit and other challenges, a deputy finance minister said on Wednesday. The Southeast Asian country’s trade deficit is estimated to have hit $15 billion in the first half of this year, Nguye
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HSBC partners with Google Cloud to expand AI usage
LONDON, June 17 : HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building the British bank’s artificial intelligence capabilities. The tie-up marks the latest step in HSBC CEO Georges Elhedery’s drive to embrace the revenue-generating and cost-savings powe
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OpenAI burned $3.7 billion in first quarter of 2026, The Information reports
June 16 : OpenAI burned through $3.7 billion in the first quarter of 2026, more than half its $5.7 billion in revenue, The Information reported on Tuesday, citing documents the company shared with shareholders.Reuters could not immediately verify the report.Earlier this month, OpenAI said it had confid
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Oracle says details in report of failed Microsoft cloud deal talks ‘inaccurate’
June 16 : Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.The report had said that Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal have fallen apart due to securit
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US asset managers file for first ETFs targeting Wall Street’s new obsession, AI and the ‘MANGOS’
June 16 : Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym that is all the buzz on Wall Street.In
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Japan manufacturers’ sentiment rises for second month on chip-driven demand: Reuters Poll
TOKYO, June 17 : Japanese manufacturers’ sentiment improved for the second consecutive month in June, as persistent semiconductor demand supported chemicals and machinery makers, the latest Reuters Tankan survey showed.The monthly poll, a leading indicator of the Bank of Japan’s quarterly Tankan business surv
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Cramer’s lightning round: Buy Cava
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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