Tag: Business
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Vietnam inflation accelerates in May, trade deficit widens to record high
HANOI, June 3 : Vietnam’s inflation rate accelerated in May and its trade deficit widened from April to a record high, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent in April,…
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Meta loses challenge against EU gatekeeper label for Messenger
BRUSSELS, June 3 : Meta Platforms lost its fight on Wednesday against the EU’s labelling of its Messenger app as a powerful ‘gatekeeper’, which places obligations on tech companies with significant influence.Europe’s second-highest court upheld the European Commission’s finding that Messenger is an important
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EU Parliament to switch to French search engine from Google in tech sovereignty push
BRUSSELS, June 3 : The European Parliament will switch to French search engine Qwant from Google, it said on Wednesday, underscoring Europe’s push to reduce its reliance on U.S. technology in favour of local alternatives.The European Commission will later on Wednesday announce measures on chips, cloud computi
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Scientists reveal Ötzi the Iceman’s dynamic microbial world
June 3 : Ötzi the Iceman died violently roughly 5,300 years ago in the Alpine region of the modern border between Italy and Austria. An arrowhead was found lodged in his left shoulder, having caused fatal bleeding when he was attacked in mountainous terrain. But, in some sense, Ötzi still lives, as new research sh
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Market research firm AlphaSense nearly doubles valuation to $7.5 billion in new funding round
June 3 : Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its previous funding round.The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, with new investors including D. E. Shaw
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EU targets Big Tech dependence with ‘made-in-Europe’ drive
BRUSSELS, June 3 : The European Commission proposed new laws on Wednesday to boost domestic cloud, AI and semiconductor industries, aiming to cut reliance on U.S. Big Tech in a move that could ratchet up transatlantic tensions.The Cloud and AI Development Act and Chips Act 2.0 form part of Europe’s push for t
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EU plans energy standards for data centres amid concerns over soaring power use
BRUSSELS, June 3 : The European Union will develop minimum energy-efficiency standards for data centres, it said on Wednesday, as concerns grow over their rapidly rising power use.EU data centre capacity is expected to more than double in the coming years, reaching 28 gigawatts by 2030 from 12 GW last year. T
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Stocks making the biggest moves premarket: Blackstone, Marvell Technology, Palo Alto Networks & more
These are the stocks posting the largest moves premarket.
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Analysis:High-profile Instagram AI chatbot breach spotlights security risks of automation
June 3 : An Instagram hack that saw attackers talk Meta’s AI support chatbot into handing over access to high-profile accounts has exposed a critical flaw at the heart of the company’s push to automate sensitive user functions.The breach allowed hackers to seize accounts including the dormant Obama White Hous
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Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy’s has been in the midst of a turnaround under CEO Tony Spring, who has worked to close underperforming stores and reinvest in ones worth keeping open.
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