Tag: Business
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Equities lose steam while oil slips amid uncertain Middle East outlook
NEW YORK/LONDON, June 9 : MSCI’s global equities gauge lost ground on Tuesday as heavyweight U.S. technology stocks stumbled and investors opted for safer bets, while oil prices fell as updates from the Middle East brought little clarity on progress towards peace.On Monday, Iran and Israel had boosted hopes t
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Paris court convicts Worldpay in €35 million Forex fraud scheme
PARIS, June 9 : The Paris Criminal Court convicted global payments company Worldpay in a trading scam case on Tuesday, fining it €200,000 ($230,920), French media reported.The case centered on fraudulent online foreign exchange investment schemes between 2011 and 2014, in which savers were lured with promi
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Anthropic rolls out public version of Mythos without cybersecurity capability
June 9 : Anthropic is rolling out a public version of its Mythos AI model, but with guardrails barring its use in risky areas such as cybersecurity, after a preview earlier this year sent shockwaves globally with its ability to find software flaws.The new Claude Fable 5 is the most powerful model Anthropic ha
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AI is boosting accuracy for clinicians, Philips North America CEO says
NEW YORK, June 9 : Artificial intelligence is helping improve accuracy in patient care and in some cases saving time and money, according to a survey sponsored by Philips, which provides diagnostic, imaging, and cloud technology to the healthcare industry, the CEO of its North American division said. The tech
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As LIV Golf faces a Saudi funding cliff, CEO says to take PIF ‘at their word’
PIF is set to stop funding the golf league after the 2026 season, though O’Neil could not guarantee that the final four tournaments will take place.
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SpaceX IPO explained: The price is set, but retail allocation still up in the air
Charles Schwab, Fidelity, Robinhood, SoFi and Morgan Stanley’s E-Trade are among the brokerage platforms making SpaceX shares available.
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Dollar eases on fragile Israel-Iran truce; US inflation data in view
NEW YORK, June 9 : The dollar fell against major peers on Tuesday as a fragile ceasefire between Israel and Iran held and investors looked ahead to key U.S. data later in the week.The greenback tends to weaken against the euro and yen when tensions in the Middle East ease, as prospects for a peace…
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Meta ordered by EU to allow rival AI chatbots back on WhatsApp for free
BRUSSELS, June 9 : Meta Platforms has been ordered by EU antitrust regulators to give rival AI chatbots such as OpenAI free access to WhatsApp while they continue to investigate whether the company abused its market power by blocking competitors from the messaging app. The European Commission’s decision to
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Equities lose some steam while dollar falls and oil slips
NEW YORK/LONDON, June 9 : MSCI’s global equities gauge pared earlier gains on Tuesday as it saw little support from Wall Street where investors waited anxiously for inflation data while the dollar dipped with oil prices on hopes for easing Middle East tensions after Iran and Israel halted attacks on each other.
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Apollo, Blackstone back Anthropic’s $35 billion capacity expansion in new Broadcom tie-up
June 9 : Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom’s custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker.The initial commitment will expand the Claude Code creator’s AI computing capacity
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