Tag: Business
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Oil falls after OPEC+ agrees to raise output targets
July 6 : Oil prices fell on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell 41 cents, or 0.57 per cent, to $71.71 a barrel at 0942 GMT after set
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ITV and Sky reshape British TV landscape with $2.1 billion deal
LONDON, July 6 : Comcast’s Sky has agreed to buy the broadcast channels and streaming service of Britain’s ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon and Disney.Sky CEO Dana Strong said the deal, announced on Monday and
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Indian IT firms face muted Q1 as AI shift, weak demand weigh
BENGALURU, July 6 : India’s top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.The April-to-June quarter is usually a strong one for India’s
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Denmark intervenes in EU court case over publishers’ rights
July 6 : The Danish government has filed a written intervention in the European Court of Justice’s case pitting tech companies against Belgium’s government, citing the potential impact of the case on the rights of Danish media houses, the Culture Ministry said on Monday.Streamz, Google, Meta, Spotify, and Son
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Record heat, crowds drive offseason boom in international travel
Airlines are extending flight schedules to maximize on lucrative international travel.
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Stocks inch up as oil weighed by supply while earnings loom
SYDNEY/LONDON, July 6 : European stocks and U.S. futures ticked higher on Monday as the potential for increased energy supplies pulled down oil prices and promised relief from inflationary pressures, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in th
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Oil falls by more than 1% after OPEC+ agrees to raise output targets
July 6 : Oil prices fell by more than 1 per cent on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell $1.02, or 1.41 per cent, to $71.10 a barrel
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UN chief warns AI is developing faster than rules can keep up
GENEVA, July 6 : The United Nations secretary general on Monday warned that AI is developing faster than anyone can keep up, urging the need for globally harmonised rules to reduce potential risks – especially to children. “A technology that can reshape economies, transform the world of work, sway elections
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ASM International names KPN’s Chris Figee as new CFO
July 6 : ASM International, Europe’s second-largest maker of semiconductor equipment, said on Monday it plans to nominate Chris Figee as its next chief financial officer.The Dutch company said the appointment will be submitted for shareholder approval at an extraordinary general meeting expected to be held in
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