Tag: Business
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Capgemini sees multi-year IT modernisation boom as firms prepare for AI
July 30 : Capgemini Chief Executive Aiman Ezzat said on Thursday that companies hoping to deploy artificial intelligence at scale will first need to modernise decades-old technology systems, creating what he described as a multi-year investment cycle in data, software and infrastructure.The comments came afte
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Jeep maker Stellantis swings to profit on rising demand in North America; shares fall 5%
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
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South Korea curbs may not save investors slaughtered by $2 trillion rout
SEOUL, July 30 : South Korea’s efforts to rein in the leveraged products wreaking havoc in its financial markets may not go far enough to quell skyrocketing volatility, analysts say, as pain and public anger mount over a $2 trillion-and-counting stocks wipeout.As the hottest trade in the world has hit reverse
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Mizuho posts 45% jump in first-quarter profit, raises annual forecast
TOKYO, July 30 : Japan’s Mizuho Financial Group reported a 45 per cent rise in first-quarter profit on Thursday, a sign that loan demand has stayed strong despite volatile global energy markets and supply chain disruptions caused by war in the Middle East.Japan’s third-largest banking group also raised its an
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Panasonic’s battery unit posts sharp rise in Q1 operating profit
TOKYO, July 30 : Japan’s Panasonic Holdings said on Thursday operating profit at its energy unit, which makes electric-vehicle and data-centre batteries, saw double-digit growth in the first quarter, boosted by higher sales of energy storage systems.The profit for the key business posted a 28 per cent rise to
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SK Innovation swings to Q2 profit, tops estimates as refining rebounds
SEOUL, July 30 : SK Innovation, the owner of South Korea’s top refiner SK Energy, posted an operating profit of 3.5 trillion won ($2.44 billion) for the April-June period, swinging to profit from a 402 billion won loss a year earlier. The result compared with an LSEG SmartEstimate forecast of 1.3 trillion won
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Rolls-Royce jumps 4% as it sees boost from both the defense boom and AI data center buildout
Orders in the company’s data center power business grew more than 50% in the first half of the year.
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South Korea export growth seen easing but chip boom to hold
SEOUL, July 30 : South Korean exports likely extended robust growth in July, with the pace weakening from a near-half-century high but posting the second-strongest gains in the current winning streak led by surging AI chip demand, a Reuters poll showed on Thursday. Exports from Asia’s fourth-largest economy,
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Shell posts best quarterly profit in four years as Iran war boosts oil and gas prices
The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.
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The Strait of Hormuz is just one trade chokepoint facing a new era of maritime warfare
Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.
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