Tag: Business
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US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products
WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the F
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Worker bees build a ‘royal palace’ for the honeybee queen
June 10 : Honeybee queens come from the same ordinary fertilized female eggs as worker bees. So how does one bee become a queen – with the responsibility of serving as the colony’s only baby maker – rather than just another worker? Until now, scientists believed it was solely because the chosen bee was served…
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Hormuz block sparks ‘never seen before’ disruption: Shell CEO
More than 10 per cent of global oil production has been removed from the market since the start of the Middle East war, Shell CEO Wael Sawan told a summit of top business leaders.
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UzNIF brings global investors into state-owned enterprises
The dual London and Tashkent listing attracted more than $2.8 billion (€2.46 billion) in demand and raised nearly $700 million. Attention is now turning to governance standards, company performance and whether the transaction can help deepen capital markets and support future public offerings. #Focus
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ING bets on subscription model to lift fees amid growing digital-banking competition
June 10 : ING launched a new subscription-based banking model for clients in the Netherlands on Wednesday, in a move aimed at diversifying income streams and protecting its market share.The Dutch-based bank expects the model, which is to be rolled out across its markets by mid-2027, to deliver a “meaningful”
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Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14
BRUSSELS, June 10 : Paramount Skydance Corp’s $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny, according to a European Commission filing.The U.S. entertainment giant sought EU approval under its Foreign Subsidies Regulation, which
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Trump Media and TAE Technologies will not spin off Truth Social
June 10 : Trump Media and Technology and TAE Technologies said on Wednesday they have decided to not spin off Truth Social and certain other TMTG media assets into a new publicly listed company. Founded by U.S. President Donald Trump and known for its Truth Social platform aimed at conservative audiences, TMT
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UK regulator warns online platforms of rising risks after Belfast attack
LONDON, June 10 : Britain’s media regulator Ofcom on Wednesday warned online platforms of possible legal consequences if their services are used to incite violence and spread hatred linked to recent civil unrest in Belfast, following a knife attack in the city.Ofcom said it had told the online providers in a
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AI will help young workers ‘mature’ faster by automating grunt work, Thoma Bravo says, amid youth job crisis
“If you look at our associates, they’re spending a lot less time doing models or comparables than before,” Orlando Bravo, founder of Thoma Bravo, told CNBC.
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U.S. strikes Iran, SpaceX’s unique IPO, Kalshi’s insider trading fight and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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