Tag: Business
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Industrial zones attract manufacturers and logistics investment
Industrial production in special economic zones rose 42.7% in the first nine months of 2025 in Uzbekistan. From Navoi’s logistics ambitions to expanding trade through Termez, new projects are drawing manufacturers and investors from across the region.
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SpaceX rally continues, Dow’s new record, Fox buys Roku and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Dollar steady, no respite for yen after BOJ hikes rates as expected
LONDON, June 16 : The dollar held at 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as expected, in an effort to tame inflationary risks from the conflict.President D
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Mobileye to launch robotaxi business in US next year
June 16 : Mobileye Global said on Tuesday it would launch its own robotaxi service in the United States next year, putting the self-driving technology supplier in direct competition with some of the very customers it serves.Shares of the Jerusalem, Israel-based company rose more than 5 per cent in premarket t
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US supercomputer taps Intel spinout Cornelis Networks for networking chips
SAN FRANCISCO, June 15 : Cornelis, an Intel spinout developing networking technology aimed at data centers, on Tuesday said that its chips are now being used by a U.S. supercomputer used for nuclear weapons work.Under the National Nuclear Security Administration, a trio of U.S. national labs works to develop
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Spain approves €719 million AI gigafactory investment and hopes for EU funds
MADRID, June 16 : Spain has allocated €719 million ($834 million) towards building an AI gigafactory to try to reduce its dependence on foreign technology and ensure AI development complies with European regulations, the government said on Tuesday.• The investment will make the government a shareholder in
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Yum Brands sells Pizza Hut to private equity firm LongRange Capital and Yum China for $2.7 billion
Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.
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Vodafone CEO says Europe’s digital infrastructure needs scale to drive investment
LONDON, June 16 : The chief executive of Vodafone urged European governments to speed up regulatory changes that will enable mobile phone groups to consolidate their market positions and drive the investment needed to keep up with the United States and Asia.”I think speed is always the challenge, and the fast
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SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push
June 16 : Elon Musk’s SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion, in a bid to ramp up its presence in the enterprise AI market. The announcement comes just days after Musk took his rockets-to-AI company public in a blockbuste
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EU Commission keeps contact with Anthropic over decision to disable models in EU
BRUSSELS, June 16 : The European Commission is still in contact with U.S. artificial intelligence company Anthropic over its decision to disable its most advanced AI models following an order from the government and other issues, a Commission spokesperson said on Tuesday. Anthropic had said on Friday it di
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