Tag: Business
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Leonardo expects more deals as Europe ramps up defense spending
Leonardo is eyeing further M&A as it races to expand capabilities and meet surging defense demand after raising its 2026 outlook.
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GM to launch its own in-vehicle AI system later this year
General Motors plans to launch a proprietary in-vehicle artificial intelligence system that’s better tailored for its customers later this year.
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Apple tumbles as supply chain snarls mar forecast in Cook’s last earnings as CEO
July 31 : Apple shares fell 7 per cent on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.The pre-market drop, if sustained, would erase more than $360 billion from Apple’s market capit
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Amazon soars as cloud revenue surge allays fears over ballooning AI bets
July 31 : Amazon shares surged 13 per cent premarket on Friday after the tech giant’s solid cloud sales growth reinforced investor confidence in its massive AI bets and quashed any concerns about the company trailing its Big Tech rivals in the AI race. The e-commerce and cloud titan posted its strongest cloud
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EU in talks with OpenAI, Anthropic after rogue AI agent hacks
BRUSSELS, July 31 : The European Commission is in talks with OpenAI and Anthropic over recent hacking incidents involving their AI models, Commission officials said on Friday, as they touted landmark EU rules requiring strict monitoring of high-risk systems. Europe’s AI Act, which kicks in on August 2, is the
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Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal
NEW YORK, July 31 : Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp in a deal valuing the combined business at $638 million, the companies said on Friday, confirming an earlier Reuters report.President Donald Tru
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Coinbase shares take hit on quarterly loss, analysts back diversification strategy
July 31 : Shares of Coinbase Global slipped 5.6 per cent in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn. The cryptocurrency market lost significant value in recent sessions, with
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Private credit roundup: Earnings hold up as defaults, redemptions remain elevated
July 31 : Ares Capital and Blue Owl Capital reported resilient second-quarter results this week, while Ares Management posted record fundraising, highlighting continued institutional demand for private credit despite rising defaults, retail redemptions and liquidity concerns.Ares Management, one of the indust
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Tim Cook’s last dance, oil majors earnings, IPO avoidance and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Japan may have sold up to $59 billion in yen-buying intervention
TOKYO, July 31 : Japan may have sold as much as $58.97 billion in its latest efforts to bolster its currency, central bank data indicated on Friday, signalling repeated efforts to stem the yen’s weakness.The Bank of Japan’s projection for money market conditions for the following day suggests an 8.2 trillion
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