Tag: Business
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Meta’s social networks recover after brief outage
June 12 : Meta’s social media platforms are recovering after a brief outage that affected thousands of users on Friday, according to outage tracking website Downdetector.com.A company spokesperson said earlier in the day that Meta was working to fix the issue. The outage started around 9:20 a.m. ET.Met
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Zimbabwe moves to regulate cryptocurrency sector
HARARE, June 12 : Zimbabwe’s government said on Friday it will require cryptocurrency businesses to register and pay annual fees, as it seeks to bring the largely informal market under regulatory oversight. Businesses involved in buying, selling, transferring or safeguarding virtual assets must register ea
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Analysis:Gold’s record rally falters as bulls run into Fed rate expectations, stronger dollar
LONDON, June 12 : Expectations for U.S. monetary tightening and a strong dollar have taken some wind out of the “perfect storm” powering an upswing in gold since 2023, leaving prices in vulnerable territory around $4,000 per ounce as the interest rate backdrop unfolds. Gold’s reversal has raised questions ove
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Lost Gulf oil exports far smaller than thought, traders and shippers say
LONDON, June 12 : Since the start of the Iran war and Tehran’s announcement that the Strait of Hormuz was “closed”, the market has grappled to put a figure on lost crude supply and to predict the price of oil.Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to…
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Man jailed in UK for encouraging US suicide via Discord chat platform
LONDON, June 12 : A British man was jailed on Friday for encouraging the suicide of a vulnerable 21-year-old man in the United States during an online video call in which the victim was urged to shoot himself, prosecutors said.Dylan Phelan, 21, admitted encouraging Travis Dyer to take his own life in October
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SpaceX set to surge past US$2 trillion valuation in blockbuster Wall Street debut
SpaceX was on course to blow past US$2 trillion in market valuation in its Nasdaq debut on Friday (Jun 12), reflecting the frenzy for the Elon Musk-led company and putting it on track to become the sixth-largest publicly listed company in the United States.Shares were indicated to open around US$175 a share,
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Italy’s Meloni and South Korea’s Lee agree to deepen ties in Rome talks
ROME, June 12 : Italy’s Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung on Friday pledged to deepen bilateral ties, signing memorandums spanning technology and development cooperation.• The leaders discussed closer cooperation in semiconductors and high-tech sectors including artifici
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Meta’s social networks down for thousands of users
June 12 : Facebook-parent Meta said on Friday that users were having trouble accessing the social media company’s services.”We’re aware people are currently having trouble accessing our services. We’re working on it,” the company’s spokesperson Andy Stone said in a post on X.There were more than 62,000
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New SpaceX millionaires are reinventing the business of managing large wealth
Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI.
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SpaceX trading to kick off after record IPO, with hopes for first-day surge
June 12 : The frenzy for SpaceX shares will kick off on Friday when the Elon Musk-led company makes its long-awaited Nasdaq debut, testing whether unprecedented investor demand can translate into a blockbuster opening for the world’s biggest IPO.Days of hoopla around the debut now turn to what will be one of
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