Tag: Business
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Stocks making the biggest moves premarket: IBM, Qualcomm, Oracle, Energy Fuels & more
These are the stocks posting the largest moves in early trading.
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Fed hike could push yen to 165 per dollar, ex-BOJ policymaker says
BENGALURU, June 23 – The Japanese yen could weaken to 165 per dollar if the Federal Reserve raises interest rates this year, former Bank of Japan policymaker Sayuri Shirai said on Tuesday, as wide U.S.-Japan rate differentials and doubts about Tokyo’s appetite for intervention maintain pressure on the currency.
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EU to ramp up Meta probe into addictive design, Bloomberg News reports
June 23 : The European Commission is set to escalate a probe into Meta Platforms that alleges its social media offerings are designed to be addictive to children, Bloomberg News reported on Tuesday, citing people familiar with the matter.The Instagram parent has been under fire over concerns about the impact
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Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
June 23 : The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk’s SpaceX dropped below $2 trillion in market cap for the first time since its U.S. debut.SpaceX, which is expected to join the Nasdaq 100,…
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ECB secures key parliamentary backing for digital euro
FRANKFURT, June 23 : The European Central Bank secured key parliamentary backing on Tuesday for the launch of a digital euro, an electronic means of payments aimed at making the euro zone less reliant on U.S. credit cards at a time of fraying transatlantic relationships.The digital euro, essentially an electr
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Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said.
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Stocks hit by Fed rate reality check; oil slips
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16 per cent drop in oil prices this month.The STOXX 600 fell 1.2 per cent, under pressure from declines in
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India ‘proactively monitoring’ Telegram over concerns about illegal content, government report shows
NEW DELHI, June 23 : An Indian investigation found that Telegram is being used extensively to share child sexual abuse material and perpetrate financial scams, according to a report by the government, which added it was “proactively monitoring” groups on the messaging app.The 35-page report by the Home Minist
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EU approves €76 million German state aid for cutting edge semiconductor facility
June 23 : The European Commission approved on Tuesday €76 million ($87 million) of German state aid for QuantumDiamonds GmbH, which is planning to set up a cutting-edge semiconductor testing facility in Munich.• The Commission said QuantumDiamonds had agreed to work with small-and-medium-sized enterprises
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How Europe is grappling with extreme heat as red alerts issued in Britain, France, Spain and Italy
Several European countries issued red weather alerts as a fresh bout of extreme heat pushed temperatures beyond 40 degrees Celsius (104 degrees Fahrenheit).
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