Tag: Business
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Cyclospora outbreak tied to Taco Bell will steal the spotlight from Yum Brands’ earnings
Wall Street is projecting a strong second quarter for Yum Brands, but investors’ focus will be on updates related to the cyclospora outbreak tied to Taco Bell.
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Nike was once China’s sneaker king. Here’s why its sales have fallen 30%
China was once Nike’s fastest-growing region but the company has lost relevance among young consumers and ceded market share to smaller, domestic brands.
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Gold ticks higher as markets brace for Fed decision
July 29 : Gold prices edged up on Wednesday, supported by some technical buying, as investors hunkered down for the Federal Reserve’s interest rate decision later today.Spot gold gained 0.22 per cent to $4,036.09 per ounce by 0908 GMT , while U.S gold futures for August delivery were steady at $4,037.3.
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Germany’s financial watchdog to monitor AI use at banks and insurers
FRANKFURT, July 29 : Germany’s financial regulator Bafin said on Wednesday that it will begin overseeing the use of artificial intelligence at the country’s banks and insurers after an expansion of its powers by legislators.• Bafin’s expanded powers stem from legislation that came into force on Wednesday.
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What Network School’s closure tells foreign investors about doing business in Malaysia
The saga shows foreign investors need to understand Malaysia’s multi-layered regulatory system and navigate domestic political and geopolitical sensitivities, analysts say.
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Microsoft set for $190 billion market value swing after earnings results, options indicate
NEW YORK, July 29 : Options traders expect a roughly $190 billion swing in Microsoft’s market value after it reports earnings on Wednesday, an unusually large move that underscores investors’ growing eagerness to see if billions of dollars in AI spending are beginning to pay off.The tech company’s options imp
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UK’s competition regulator investigates Microsoft over 365 subscriptions
LONDON, July 29 : Britain’s antitrust regulator said it will investigate Microsoft over its marketing of subscription plans, specifically over whether personal and family customers were misled about Microsoft 365 subscription options and paid more as a result.
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Apple set for strongest June-quarter sales growth in 5 years
July 29 : Apple’s decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can resist an increase.The consumer electronics giant raised iPad and MacBook prices last month as it sought to offset cost increases from
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Astronomers observe companion star orbiting stellar giant Betelgeuse
WASHINGTON, July 29 : Betelgeuse is a superstar among the stars — one of the brightest in the night sky, a massive red supergiant in the constellation Orion that sometimes brightens and dims, and adds to its allure with the fact that it may be on the brink of exploding. It has been observed for…
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Ukraine has found a new pressure point in Russia’s wartime economy
Ukraine’s drone attacks on Russia’s biggest online retailer Wildberries have ratcheted up the pressure on Moscow’s wartime economy.
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