Tag: Business
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France to invest €655 million in AI, set up common chatbot for all state services
PARIS, June 16 : French Prime Minister Sebastien Lecornu said on Tuesday the government will invest €655 million ($758.29 million) in artificial intelligence and will set up a common chatbot for all the state services.• The French government will create a public health chatbot for state-owned health insur
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SpaceX set to surpass Amazon’s market cap as post-IPO rally continues
June 16 : Shares of Elon Musk’s SpaceX rose more than 10 per cent in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world’s fifth‑largest company, as it extended a post-IPO rally.The stock, which surged more than 19 per cent on Monday, was la
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Hanwha to raise stake in Korea Aerospace Industries to 12% by end-2026
(Corrects headline to Hanwha, not Hanwha Aerospace)SEOUL, June 16 : South Korean defence firm Hanwha Aerospace said on Tuesday it will buy 500 billion won ($331.41 million) worth of shares in Korea Aerospace Industries (KAI). This was in addition to Hanwha Aerospace deciding to acquire 499.9 billion w
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India curbs Telegram use over medical exam fraud concerns
NEW DELHI, June 16 : India has blocked the Telegram messaging app until June 22, saying the platform has been used to “defraud candidates” taking the medical entrance examination, the Ministry of Education said in a statement on Tuesday.The government said it was restricting access to the Telegram platform in
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Italy’s antitrust regulator probes Apple over cloud services under Digital Market rules
MILAN, June 16 : Italy’s competition regulator said on Tuesday it had opened a probe into Apple over compliance with interoperability obligations, under the European Digital Markets Act.
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Asian markets temper US-Iran deal optimism as oil prices plunge
Oil prices, which finished at a three-month low overnight, reflected the cautious stance, with Brent crude futures sliding 0.3 per cent to US$82.90 a barrel.
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US-Iran deal may not bring quick relief for auto shops
TOKYO/DETROIT, June 16 : Tokyo auto shops and Detroit car dealerships have been running short of motor oil, paint and other products for months since the Middle East conflict snarled global supply chains.Now, while a potential deal between the U.S. and Iran may bring an end to the fighting, industry experts a
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Fujitsu chairman quits following ‘woman-related’ improper behaviour
TOKYO, June 16 : Fujitsu Chairman Hidenori Furuta resigned on Tuesday at his request after the company confirmed his “woman-related inappropriate conduct,” a spokesperson at the Japanese technology conglomerate said. Fujitsu has withdrawn Furuta’s candidacy as a non-executive director in the annual shareholde
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India’s TCS to take $70 million hit after US Supreme Court rejects appeal
June 16 : Tata Consultancy Services will book a one-time exceptional charge of $70 million after the U.S. Supreme Court rejected its appeal in a trade secrets case, bringing its total exposure in the matter to $220 million, the firm said on Monday.Here are some more details:• The U.S. Supreme Court o
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Biotech IPO window is opening but big pharma M&A still sets the pace, top bankers tell CNBC
Biopharma dealmaking is driven by pressure to top up drug pipelines ahead of major patent expirations later this decade.
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