Tag: Business
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US telecoms regulator chief says curbs on Chinese tech imports aim to spur production, counter security risks
WASHINGTON, Aug 6 : The chair of the U.S. Federal Communications Commission, Brendan Carr, said on Thursday that restrictions on imports of Chinese robots and power inverters are aimed at quickly spurring U.S. production and addressing national security risks.The FCC, which regulates U.S. telecommunications,
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Exclusive-Hackers targeted US private equity, other firms including Blackstone, CME, data shows
WASHINGTON, Aug 6 : Ransom-seeking hackers who use phone calls to compromise their victims targeted dozens of prominent U.S. financial institutions and other businesses over the past month, according to Google and internet intelligence data reviewed by Reuters.The data shows the hackers devised websites aimed
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Nigeria’s plan to tax crypto transactions could undermine adoption, industry says
LAGOS, Aug 6 : Nigeria has introduced stamp duty on certain crypto transactions and withholding taxes that industry players say could undermine adoption of digital assets in one of the world’s most active retail crypto markets.The tax authority released rules for cryptocurrencies, stablecoins, non-fungible to
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US agency ends 39% local TV station ownership cap
WASHINGTON, Aug 6 : The Federal Communications Commission voted on Thursday to rescind the rule that bars local broadcast station owners from reaching more than 39 per cent of the total number of U.S. TV households in a move that could help spark industry consolidation.The FCC voted 2-1 to lift the cap in fav
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FCC chair says robot import restrictions aim to boost US production
WASHINGTON, Aug 6 : Federal Communications Commission Chair Brendan Carr said on Thursday that new restrictions that target imports of new Chinese robots and power inverters are to quickly incentivize U.S. production and address national security risks.The FCC last month barred Chinese imports of new humanoid
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Exclusive-Alkami kicks off sale process after buyer interest, sources say
NEW YORK, Aug 6 : Digital banking software provider Alkami Technology has formally launched a sale process after drawing acquisition interest from potential buyers amid mounting pressure from activist investor Jana Partners, according to people familiar with the matter.The Plano, Texas-based company’s adviser
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Trump’s tech ties come under bipartisan fire after AI agents go rogue
WASHINGTON, Aug 6 : In a rare show of bipartisanship, Democrats and Donald Trump’s conservative supporters both blame the president’s ties to the tech industry for his administration’s limited response to recent hacks carried out by OpenAI and Anthropic’s AI agents.Two weeks have passed since OpenAI shocked t
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Sandisk, Western Digital weigh on chip sector as high expectations eclipse strong earnings
Aug 6 : Data storage companies tumbled on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street’s hottest bets this year.Shares of Sandisk lost 13.3 per cent to trade at $1,178, while Western Digital shed 19.1 per cent an
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Alphabet looks to raise up to $25 billion from latest bond sale, source says
Aug 6 : Alphabet is looking to raise between $20 billion and $25 billion from its latest U.S. bond offering, a source familiar with the matter said on Thursday, weeks after the tech giant’s 2026 capital spending outlook triggered a steep selloff. The company is offering notes in as many as 10 parts, a regulat
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SpaceX rebounds from post-earnings slide as investors eye lockup expiry
Aug 6 : SpaceX shares recovered from a steep post-earnings selloff, even as investors remained watchful of the impact of potential insider selling on the stock, which has had a turbulent run since its market debut.Shares of the Elon Musk-led company were last trading 6.4 per cent higher at $115.20 on Thursday
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