Tag: Business
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Lyft, Uber sue New York City to block driver retention law
NEW YORK, June 11 : Lyft joined Uber Technologies in suing New York City to block a new law they said would force them to keep bad drivers who threaten public and passenger safety on their platforms.The Lyft lawsuit was filed late Wednesday in Manhattan federal court, 24 hours after Uber sued.Both comp
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Novo Nordisk flags patient data breach from some clinical trials in cyberattack
June 11 : Novo Nordisk said on Thursday it has identified a security incident in which certain information, including patient data from some clinical trials, was copied externally without authorization from its internal IT systems.The company, maker of the blockbuster weight-loss drug Wegovy, said it has laun
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Danantara COO says new DSI unit will oversee exports
JAKARTA, June 11 : The unit of sovereign wealth fund Danantara Indonesia set up as designated exporter for Indonesia’s strategic commodities will oversee deals to prevent fraudulent practices, but will not itself take over exports, a fund executive said on Thursday. • Regulations issued earlier this mont
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Elections advertising spend for 2026 expected to reach record high, outpacing presidential years
High-profile 2026 midterm races in California, Texas and other key states are driving higher spend earlier in the cycle, AdImpact found.
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Google in talks with Samsung to make part of next-gen chip, The Information reports
June 11 : Alphabet’s Google is in talks with Samsung Electronics to manufacture part of its next-generation artificial intelligence processor, The Information reported on Thursday, citing two people familiar with the matter.Google plans for TSMC to make the main computing part of the tensor processing unit, c
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Grok’s AI image generation tool violated Canadian privacy law, watchdog says
OTTAWA, June 11 : xAI’s Grok chatbot violated Canadian privacy laws by launching an image-generation tool that allowed users to create and share non-consensual, sexualized deep fakes, an official watchdog said in a report on Thursday.After Privacy Commissioner Philippe Dufresne launched a formal probe in Janu
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Oppenheimer launches Wall Street’s first coverage of SpaceX with bullish outlook
June 11 : Oppenheimer became the first global brokerage to start coverage of SpaceX, ahead of the rocket and AI company’s highly anticipated $75 billion market debut on Friday.The brokerage issued an “outperform” rating and set a price target of $190, implying an upside of nearly 41 per cent to SpaceX’s IPO p
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Euro eases after ECB hike; dollar steadies near two-month high on Iran tensions
NEW YORK, June 11 : The euro edged lower on Thursday after the European Central Bank delivered a widely expected interest rate hike, while the dollar hovered near a two-month high as President Donald Trump pledged further U.S. attacks on Iran.The ECB raised interest rates for the first time in nearly three ye
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Four developed market central banks are now hiking rates
MILAN/LONDON, June 11 : The developed market rate-hiking club is getting bigger, as the European Central Bank on Thursday joined counterparts in Australia, Norway and Japan in tightening monetary policy, while more central banks are set to follow in the coming months. The Strait of Hormuz is still effectively
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WuXi AppTec files complaint against US DoD for linking it to Chinese military
June 11 : WuXi AppTec said on Thursday that it has filed a complaint at the United States District Court for the District of Columbia against the Department of Defense for including the company in a list linked to the Chinese military.
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