Tag: Business
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French store BHV ends partnership with retailer Shein, French media say
PARIS, June 16 : French department store BHV is ending its partnership with Chinese online fast fashion retailer Shein, French media reported on Tuesday.• The Societe des grands magasins, or SGM, which has been operating the BHV Marais, said it was selling the Parisian department store to its current manage
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EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
June 16 : EssilorLuxottica, the world’s largest eyewear maker, has signed a long-term deal with U.S. chipmaking equipment company Applied Materials to develop augmented reality display technology and AI glasses, the companies said on Tuesday.
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Exclusive-Binance set to lose permission to operate in EU, sources say
FRANKFURT, June 16 : Binance, the world’s largest crypto exchange, is set to lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters.Under new EU rules, called MiCA, crypto firms have until the e
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Dutch transportation minister defends Tesla FSD approval
AMSTERDAM, June 16 : The Netherlands’ transportation minister on Tuesday denied the country’s influential RDW authority had relied on statistics submitted by Tesla as the basis of its approval of the company’s “Full Self Driving (supervised)” software for use on Dutch roads.The RDW approved the Tesla software
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Snap bets on life beyond smartphones with $2,195 Specs augmented-reality glasses
June 16 : Snap on Tuesday launched its first augmented-reality glasses for consumers at a hefty price of $2,195, pitching the device as the future of how people interact with technology in the AI age.Unveiled at the Augmented World Expo in Long Beach, California, Specs mark a major bet by the social media min
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Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure
June 16 : Snap CEO Evan Spiegel told Reuters the company’s new Specs augmented-reality glasses are part of its long-term strategy, pushing back on activist investor demands to shut down or spin off the cash-burning unit behind the device.The Snapchat parent launched the device, its first consumer AR glasses,
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General Motors announces new defense partnership with Lockheed Martin
General Motors announced a new defense partnership with Lockheed Martin as the country ramps up its production of weapons.
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SpaceX locks in $60 billion Cursor deal to close gap with rivals in AI coding race
June 16 : Elon Musk’s SpaceX is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market.Tuesday’s deal follows a blockbuster Nasdaq debut for the rockets-to-AI company last week, in which it
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SpaceX options debut in record volume, signaling strong investor interest
June 16 : Trading in SpaceX options kicked off with heavy volume on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk’s aerospace company.More than half a million contracts changed hands in the first hour of trading as investors piled into the newly listed company, m
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Yes, the universe’s expansion is still accelerating, researchers say
WASHINGTON, June 16 : Taking a fresh look at data involving a specific type of stellar explosion, a team of researchers says it has confirmed the long-accepted notion that the universe is expanding at an accelerated rate – the very observation that led to the identification in the 1990s of an enigmatic cosmic force
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