Tag: Business
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Oil rises as uncertainty continues over reopening of Strait
PERTH, Aug 10 : Oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz as Iran said a deal with Oman defining new shipping lanes was in its final stages, but the U.S. must still meet other conditions. Brent crude futures rose $1.20, or 1.44 per cent, to $84.79…
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Three in five Americans favor stronger oversight of social media companies, Reuters/Ipsos poll finds
WASHINGTON, Aug 9 : A bipartisan majority of Americans support more government rules for how social media companies conduct business, including a requirement of age-verification tools to keep younger children off social media, according to a Reuters/Ipsos poll. The poll, which was conducted over the six days
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Myspace eyes comeback as an an ‘antidote’ to social media fatigue — but it may be a long shot
“Excitement about Myspace’s relaunch reflects nostalgia for a more analog time, when algorithms were less dominant in our lives,” an analyst told CNBC.
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US Senate advances landmark crypto bill before heading on August recess
WASHINGTON, Aug 8 : U.S. Senate Majority Leader John Thune moved on Saturday to advance a major bill that would create a regulatory framework for cryptocurrencies which, if passed, would mark a huge victory for U.S. President Donald Trump and the crypto industry.Thune, a Republican, early Saturday morning fil
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Trump-linked fintech firm AI Financial sells unit to PrimeDelta
(Corrects company name from Prime Delta to PrimeDelta throughout the story and in the headline, fixes description and hyperlink of PrimeDelta in bullet 3.)Aug 7 : AI Financial Corp, a company closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, has sold its Canad
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How cleaning up space debris could grow to become a big business
As Earth’s orbit gets more crowded, companies are betting that cleaning up space junk could become a lucrative new business.
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Cyclospora fears lead consumers to lose their appetite for salads
Traffic to salad chains has fallen as consumers avoid greens due to the ongoing cyclospora outbreaks across the U.S.
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Elevator giant Otis wants to be a defensive play in an volatile market. It has to prove itself first
Otis positions itself as a long-term growth stock, but shares are down due to setbacks in its elevator service business and investors chasing the AI trade.
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Trump-linked fintech firm AI Financial sells unit to Prime Delta
Aug 7 : AI Financial Corp, a company closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, has sold its Canadian unit to New York-based Prime Delta, weeks after fintech firm Perpetuals.com ended talks to buy the subsidiary. • AI Financial will receive a $12 milli
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Nvidia to invest up to $3 billion in Stargate data center developer Lancium, the Information reports
Aug 7 : Nvidia will invest up to $3 billion in power infrastructure developer Lancium, the company behind the Stargate data center campus in Texas, the Information reported on Friday.• The chipmaker will invest an initial $2 billion for a stake of roughly 20 per cent in Lancium, which is backed by Blacksto
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