Tag: Business
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5 takeaways from airline CEOs’ biggest annual gathering
Airline CEOs met in Rio de Janeiro at IATA, the International Air Transport Association’s annual meeting.
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Stocks making the biggest moves premarket: GSK, Nuvalent, J.M. Smucker, SailPoint and more
These are the stocks posting the largest moves in early trading.
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Inpex to seek orders from Australia’s workplace tribunal to stop labour action at Ichthys LNG
June 9 : Japan’s Inpex said on Tuesday it would seek urgent orders from Australia’s Fair Work Commission to halt protected industrial action at its Ichthys liquefied natural gas facilities.The Offshore Alliance, made up of the Maritime Union of Australia and the Australian Workers’ Union, said on Monday it wo
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Musk’s Starlink leads Bezos’ Amazon as airlines rush to boost in-flight Wi-Fi
RIO DE JANEIRO, June 9 : Global airlines’ push to attract premium customers is making fast in-flight Wi-Fi an increasingly important perk, turning a once-patchy paid service into an emerging battleground between Elon Musk’s Starlink and Jeff Bezos’ Amazon Leo satellite network.Starlink, which operates around
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Analysis:Short-sellers to tread carefully as Musk’s SpaceX debuts
NEW YORK, June 9 : Short sellers beware: Elon Musk’s SpaceX IPO may be too hot to handle.On the face of it, the company is a natural target for short sellers – investors who sell borrowed shares to profit from a future slide in prices.With an estimated price-to-revenue multiple of 56, eye-popping even
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Apple failed to make its AI tool to comply to EU regulations, EU Commission says
BRUSSELS, June 9 : Apple decided not to roll out its new Siri AI tool in the European Union after it had unsuccessfully requested to be exempted of interoperability obligations for the tool, a spokesperson for the EU Commission said on Tuesday.”The decision not to roll out Siri AI in the EU is Apple’s and…
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India’s TCS chair says AI agents may equal headcount, dampen hiring
BENGALURU, June 9 : India’s largest software services exporter Tata Consultancy Services expects IT companies to slow down hiring, as the company moves towards having an equal number of employees and AI agents in its workforce, Chairman N Chandrasekaran said at the company’s annual general meeting on Tuesday.
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UK reviewing Palantir’s NHS contract amid pressure to use break clause
LONDON, June 9 : Britain is conducting a full review of its National Health Service contract with U.S. data analytics firm Palantir, amid growing political pressure for the government to use a break clause at the end of the initial term in early 2027.Technology minister Liz Kendall said on Tuesday the review
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AI agents could match human workforce in future, TCS Chairman Chandrasekaran says
BENGALURU, June 9 : Indian software services exporter Tata Consultancy Services expects IT companies to have an equal number of employees and AI agents in their workforce, Chairman N Chandrasekaran said at the annual general meeting on Tuesday. TCS does not plan to downsize staff, but will slow down hiring,
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Dollar eases as investors weigh Middle East hopes, rate outlook
June 9 : The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a deal to reopen the Strait of Hormuz against expectations of higher U.S. interest rates following strong jobs data late last week.The U.S. economy is relatively insulated from energy shocks compared to other countries, which is o
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