Tag: Business
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India’s Infosys falls after cutting revenue growth forecast for fiscal 2027
Oct 26 : Shares of IT firm Infosys fell 2.7 per cent in early trading on Monday after the company cut its fiscal 2027 revenue growth forecast more than expected and reported weakness in its North America business. The company cut its fiscal 2027 revenue growth forecast to 1 per cent-2 per cent from 1.5…
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Japanese companies compensate users as cyberattacks buffet economy
TOKYO, Oct 26 : Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet services and raised concerns about economic stability.GMO Internet Group said customers would be compensated for losses stemming from unauthorised access following a cyberatt
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Moonshot resets subscriber quotas after Kimi K3.1 Pro launch issues
BEIJING, Oct 26 : Chinese artificial intelligence startup Moonshot AI apologised on Monday for rate limiting and unnecessary quota consumption after its Kimi K3.1 Pro launch.Here are some details: • Beijing-based Moonshot said on its Kimi X account that it was offering to reset the monthly quota of
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SK Hynix to announce steps to boost shareholder returns on Wednesday
SEOUL, Oct 26 : SK Hynix said it will announce shareholder return measures on Wednesday when the South Korean chipmaker releases quarterly results, responding to a report that it is considering a special dividend of about 16 trillion won ($12 billion).South Korean newspaper Dong-A Ilbo reported on Monday that
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Bank of Japan’s hawkish pause to leave scope for December hike
TOKYO, Oct 26 : The Bank of Japan will likely declare victory in a nearly 14-year battle to hit its 2 per cent inflation target at its policy meeting on Friday and emphasise the risks prices could overshoot, signaling the chance of a rate hike as soon as December.Such hawkish language may reinforce expectatio
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Japan’s Nikkei edges lower as tech sector weighs, energy shares rise
TOKYO, Oct 26 : Japan’s Nikkei share gauge edged lower on Monday as chip-related shares fell after a weaker Wall Street session, while energy-linked shares gained on higher oil prices.The benchmark Nikkei 225 slid 0.43 per cent to 62,425.47 in morning trade, down for a third straight session and poised for it
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Japan companies compensate users as cyberattacks buffet economy
TOKYO, Oct 26 : Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet services and raised concerns about economic stability.GMO Internet said customers would be compensated for losses stemming from unauthorised access following a cyberattack on
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Anthropic’s Claude accessed Georgia state vote count data behind paywall
Oct 25 : AI model Claude bypassed a paywall and accessed publicly available US state of Georgia aggregate voter counts without human authorization, Anthropic said in a statement on Sunday. • “Claude didn’t access the state’s voter registration system or change or pull any voting records,” Anthropic said, ad
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Oil slips from near six-months highs despite supply concerns
BEIJING, Oct 26 : Oil prices fell on Monday after surging to near six-month highs late last week, although ongoing attacks on Saudi Arabia kept supply concerns in focus.US crude futures were down $1.60, or 1.55 per cent, at $101.67 per barrel by 0018 GMT. Brent crude futures were down $1.56 or 1.34 per cen
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Asian shares make cautious start, Brent eases from six-month high
SYDNEY, Oct 26 : Share markets got off to a cautious start on Monday as oil eased from six-month highs ahead of a week packed with central bank meetings and company earnings that will further test investor confidence in the AI boom.Brent oil slipped 1.0 per cent to $115.48 amid reports Qatari mediators were i
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