Tag: Business
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Stocks mixed, day after AI-related selloff; oil prices rise again
NEW YORK/LONDON, Oct 23 : Stock indexes were mixed on Friday, with tech shares edging higher after the previous day’s selloff, while Brent crude oil rose to its highest in more than five months after Houthi attacks in Saudi Arabia.The Nasdaq was up 0.2 per cent after starting the day lower, while the Dow was
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Wells Fargo, Intuit latest companies to object to their shares being tokenized, document shows
WASHINGTON, Oct 23 : Six more companies, including Wells Fargo, Arm Holdings and Intuit, will not allow their shares to be tokenized on a joint trading platform backed by crypto exchange OKX and Intercontinental Exchange, according to a regulatory document seen by Reuters. The new objections, which have not
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South African presidency website temporarily offline after PHP warning
JOHANNESBURG, Oct 23 : South Africa’s presidency temporarily took its website offline following a PHP warning, presidential spokesperson Vincent Magwenya told Reuters on Friday, adding there was no indication of a security breach.”While such warnings do not indicate a security breach, they can affect the norm
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Data center spending to more than double to $2.1 trillion by 2028, BofA says
(Corrects to add attribution in headline)Oct 23 : Global data center spending is expected to hit $1 trillion in 2026 and more than double to $2.1 trillion by 2028, BofA Global Research estimated in a note on Friday, driven by growing demand for and development of AI services.Data center spending has b
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Trump says he will fix any Starlink access problem in Ukraine
WASHINGTON, Oct 23 : US President Donald Trump said on Friday that if there was still a problem with access to Starlink communication systems in Ukraine, he would get it straightened out.Trump told reporters at the White House that he had not spoken to SpaceX CEO Elon Musk about the matter but, if access was
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Doctors call Moderna, Merck cancer vaccine data a major advancement — despite Wall Street reaction
Six melanoma specialists said the Moderna and Merck vaccine results represent a clinically meaningful result for melanoma patients who underwent surgery.
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Denmark’s digital reliance leaves it exposed to cyberattacks, minister says
COPENHAGEN, Oct 23 : Denmark’s heavy reliance on digital systems leaves it vulnerable to cyberattacks that could undermine public trust in authorities, the country’s resilience minister told Reuters on Friday. Denmark is among the world’s most digitalised countries, and confidence in its digital public ser
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Explainer-Why AI data centers are powering a boom in fuel-cell demand
Oct 23 : Fuel cells are gaining traction among US hyperscalers racing to build data centers for the AI boom but struggling with grid constraints to secure quick and reliable power. Energy research firm Rystad Energy projects investments in fuel cells for data centers to rise to about $30 billion by 2030 from
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Wells Fargo, Intuit others object to their shares being tokenized- regulatory document
WASHINGTON, Oct 23 : Six more companies including Wells Fargo, Arm Holdings and Intuit will not allow their shares to be “tokenized” on a joint trading platform backed by crypto exchange OKX and Intercontinental Exchange, according to a regulatory document seen by Reuters. The new objections, which have not
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Infosys cuts forecast as AI spending shift deepens North America slowdown
BENGALURU, Oct 23 Reuters) – Infosys cut its annual revenue growth forecast on Friday as weakness in its key North American market deepened, underscoring how AI is disrupting the traditional IT services industry. The news sent US-listed shares of India’s No. 2 IT firm down 7.5 per cent in premarket trading.
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