Tag: Business
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Luxury spending now driven by experiences and ‘inheritourism’
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
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Apple raises prices of MacBooks, iPads as memory costs skyrocket
SAN FRANCISCO: Apple raised iPad and MacBook prices on Thursday (Jun 25), saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s data centre buildout.The move does not affect Apple’s main cash cow, the iPhone. But it would take starting price of the N
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US to create genomic and cellular ‘BioVault’ for endangered species
WASHINGTON, June 25 : A biotech company and a U.S. government agency announced on Thursday a plan to create an archive of living cells and genomic material for every species protected under the U.S. Endangered Species Act in a project to safeguard roughly 2,300 types of animals and plants deemed threatened or endan
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Ghosn says calls for his Nissan return show investor anger over results
BEIRUT, June 25 : Former Nissan Chairman Carlos Ghosn said calls by some shareholders for his return reflected deep anger over years of failed turnaround plans, accusing the automaker’s leadership of squandering value and losing direction since his 2018 ouster.In an interview with Reuters, Ghosn said investor
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EU joins US-led ‘Pax Silica’ on securing AI, chip supply chains
BRUSSELS, June 25 : The European Commission has joined the U.S. initiative “Pax Silica”, a group of U.S.-allied countries cooperating to secure supply chains needed for artificial intelligence, European Commission spokesperson Paula Pinho said on Thursday.Pax Silica is an effort by the U.S. state department o
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Anthropic hires Orange’s AI chief amid Europe push
June 25 : The artificial intelligence head of French telecoms group Orange has left the company to join U.S. AI startup Anthropic, he said on Thursday.• Steve Jarrett, Orange’s Chief AI officer, said he has accepted a job at Anthropic, without disclosing his new title• Jarrett had been with the Eur
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U.S. giving topped $600 billion for the first time last year. Megadonors and bequests are to thank
The stock market rally turbocharged charitable giving in 2025, but primarily from wealthy donors.
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Kremlin demands explanation from Apple after Russian apps removed from App Store
MOSCOW, June 25 : The Kremlin demanded an explanation from Apple on Thursday after several Russian mobile apps related to the Russian internet company VK were deleted from the U.S. tech giant’s App Store.VK, a state-controlled technology company, said in a statement that its applications were removed “without
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Complete text of carbonised Herculaneum scroll unlocked for first time
ROME, June 25 : Researchers using artificial intelligence and advanced imaging said on Thursday they had achieved the first complete reading of a closed Herculaneum scroll burnt by the eruption of Mount Vesuvius nearly 2,000 years ago.The breakthrough marks a major step toward deciphering hundreds of ancient
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Micron earnings, oil prices fall, the newest meme stock and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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