Tag: Business
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Indonesia’s trade ministry faces barrage of questions from businesses over new export control plan
JAKARTA, June 9 : Indonesian trade ministry officials faced a barrage of questions on Tuesday from exporters of palm oil, coal and ferroalloys worried about the impact of a controversial new export control plan designed to extract more profit from the country’s natural resources. In an online forum held by t
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Apple’s AI Siri will be held back by aging devices, Morgan Stanley says
June 9 : Apple’s newly introduced AI Siri will have limited use across much of the company’s install base because older iPhones lack the capabilities to run advanced AI features, Morgan Stanley said in a research note on Tuesday.More than 850 million iPhones are incapable of running basic Apple Intelligence q
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Rivian is betting on its R2 EV to turn the automaker into a household name like Tesla
The R2 SUV is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles into a more mainstream brand like U.S. EV leader Tesla.
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SpaceX employee group creates low-fee wealth management option with Choreo for post-IPO
The deal marks a bold experiment in the wealth management industry that could shift the balance of power from advisory firms to wealthy groups of investors.
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OpenAI’s IPO filing, Apple updates Siri, new screwworm cases and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Dollar eases as Middle East hopes outweigh prospects of higher US rates
June 9 : The U.S. dollar fell on Tuesday, as hopes for a deal to reopen the Strait of Hormuz outweighed expectations of higher U.S. interest rates ahead of fresh U.S. data later this week.The U.S. economy is relatively insulated from energy shocks compared to other countries, which is one of the reasons why i
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IT platform NinjaOne valued at over $12 billion in latest funding round
June 9 : IT platform NinjaOne said on Tuesday it has raised more than $400 million in a funding round that valued it at $12.3 billion, at a time when investors are concerned about AI upending parts of the software industry.While the sector contends with mounting fears that rapidly evolving AI tools could encr
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Tech firms in UK must have plan for illegal content spikes during crises like Southport, regulator says
LONDON, June 9 : Tech firms in Britain will need to have plans to respond to surges in illegal content during crises such as the 2024 Southport riots which threaten public safety under strengthened rules set out by the regulator on Tuesday.Nationwide violence broke out two years ago following a knife attack i
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OpenAI wants a trillion-dollar debut. Here’s how it stacks up against history’s biggest IPOs
CNA takes a look at the five biggest IPOs in history and how the companies are faring.
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Geely says its driver assistance system authorized for use in EU
June 9 : A driver assistance system developed by Geely has been certified to operate in the European Union, the first time a Chinese auxiliary driving system meets those standards, the automaker said in a statement.Geely is one of many Chinese automakers moving to set up production in Europe to avoid tariffs
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