Tag: Business
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India’s IT stocks head for worst day in 4 months on AI disruption worries; TCS plunges 9%
June 3 : India’s information technology stocks were headed for their worst day in four months on Wednesday as renewed concerns that artificial intelligence could disrupt traditional software services rattled investors.The IT index was down 5.8 per cent at 29,310.25 points. If losses hold, this would be its wo
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EU court backs Meta fight against gatekeeper label for Marketplace, but not for Messenger
BRUSSELS, June 3 : Europe’s second-highest court on Wednesday backed Meta Platforms’ fight against the labelling of its Marketplace platform as a gatekeeper under EU rules but rejected its challenge against the same designation for its messaging app Messenger.”The decision does not satisfy the requirements in
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Nippon Paint, Sherwin-Williams end takeover pursuit, AkzoNobel shares tumble
TOKYO/GDANSK, June 3 : Nippon Paint and Sherwin-Williams said on Wednesday they had decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel.Shares of the Dulux paint maker fell more than 20 per cent in early trade after being halted initially, and were set for their worst-ever tradin
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Amazon launches Prime in South Africa for under $4 a month
June 3 : E-commerce giant Amazon.com said on Wednesday it has launched its paid Prime service in South Africa, offering faster deliveries and media content for 59 South African rand ($3.61) a month or 399 rand a year. Here are some details: • Amazon Prime is already available in 26 other countries, w
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Novo Nordisk rolls out Wegovy pill in the UAE — its first market outside the U.S.
Novo’s approach to global launches will be guided by patient demand and the strength of healthcare and telehealth infrastructure, the drugmaker said.
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UK regulator enforces new competition requirements on Google search
June 3 : Britain’s competition regulator said on Wednesday it has imposed new conduct requirements on Google’s search services, including allowing publishers to opt out of training the U.S. tech giant’s AI models, as the watchdog ramps up its oversight.The Competition and Markets Authority has flagged concern
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US sanctions Iran’s largest crypto exchange over IRGC links
LONDON, June 2 : The United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing it of enabling the Iranian government and blacklisted state institutions to circumvent Western sanctions.The new sanctions follow a Reuters investigation published on May 1 which showed how
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Perplexity CEO tells CNBC one metric will determine who wins the AI race
Perplexity CEO Aravind Srinivas said that whichever company can provide the “most taken value per watt per user” will be the AI winners in the future.
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CBS fires veteran correspondent Scott Pelley amid turmoil over direction of ’60 Minutes’
CBS News has fired high-profile “60 Minutes” correspondent Scott Pelley amid debate about the direction of the show, a mainstay of the network.
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