Tag: Business
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Major central banks steer a cautious hiking path
LONDON/MILAN , July 30 : The bond market selloff after this week’s Federal Reserve meeting highlights the challenge policymakers face as they grapple with what higher energy prices and the uncertain consequences of AI advances will mean for their economies. The Fed left interest rates unchanged on Wednesday,
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Exclusive-Amazon’s Zoox wins first US approval for paid robotaxis with no human controls
SAN DIEGO, July 30 : Amazon’s Zoox won U.S. approval on Wednesday for limited commercial deployment of its novel steering-wheel-free robotaxis, a first for the autonomous ride industry, the head of the U.S. auto safety agency said.The exemption from National Highway Traffic Safety Administration (NHTSA) rules
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AI cloud provider Nscale to buy software startup Anyscale
July 30 : Cloud infrastructure provider Nscale will buy AI software startup Anyscale to help clients better manage and run AI systems efficiently, the companies said on Thursday.Bloomberg News first reported the news, saying the deal price is about $1.65 billion, citing a person familiar with the matter. Nsca
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Warsh’s inflation problem, Meta’s weak guidance, Chipotle earnings and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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US dollar slips against yen as focus shifts to inflation data
July 30 : The dollar weakened against the yen on Thursday ahead of a U.S. inflation report that investors will scrutinize to gauge the path for interest rates, a day after the Federal Reserve left markets guessing about its future monetary policy.The yen popped 0.3 per cent to a one-week high of 162.88 to the
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Hyundai Motor India holds full year view, banking on new launches, demand recovery
July 30 : Hyundai Motor India on Thursday maintained its fiscal 2027 volume growth and operating margin outlook, expecting new launches and stronger demand for gas-powered vehicles to offset disruptions that hurt quarterly profit.The carmaker’s shares rose as much as 2.8 per cent after results before ending 1
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ChatGPT, Roblox could be included in DSA scope, EU Commission spokesperson says
BRUSSELS, July 30 : Both ChatGPT and Roblox could potentially be included by the European Commission in the list of very large online platforms or search engines as defined by the Digital Services Act, Commision spokesperson Thomas Regnier said.Since both ChatGPT and Roblox have announced user numbers above t
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Cyber firm Wiz says flaw could have led to mass exposure of Microsoft cloud customers
WASHINGTON, July 30 : Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers.Wiz said in a post on its website that a now-patched vulnerability in a key Microsoft database service, Azure CosmosDB, would
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