Tag: Business
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HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub
HONG KONG: HSBC will hire more than 100 artificial intelligence specialists and 100 wealth managers in Singapore, deepening investment in two areas central to the bank’s Asian growth strategy as it expands higher-fee businesses and accelerates AI adoption.The announcement comes as HSBC moves to launch a new A
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Oil touches over one-week low as pause in attacks brings hope of US/Iran deal
July 28 : Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.-Iran conflict grew and traders continued to assess developments in the Middle East.Brent crude futures were down $1.75, or 1.98 per cent, at $86.61 by 0739 GMT, after hitting
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UK lawmaker suing Musk’s xAI seeks order to stop Grok generating sexualised images
LONDON, July 28 : A British lawmaker suing Elon Musk’s xAI over fake sexualised images of her created by the Grok AI platform said on Tuesday she was seeking a court order to prevent the chatbot being able to generate non-consensual sexualised images of her.Jess Asato, a member of Britain’s governing Labour P
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T-Mobile says service restored after US outage
July 27 : T-Mobile said it has restored service for all customers after thousands of users in the U.S. reported an outage on Monday.The wireless carrier’s service outage began around 04:00 p.m. ET, with more than 62,000 incidents reported countrywide at its peak, Downdetector showed.The actual number o
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Oil at one-week low as US and Iran pause attack; supply tension underpins
July 28 : Oil prices edged lower on Tuesday, hovering around one-week lows amid hopes for a resolution in the U.S.-Iran war, while subdued flow through the Strait of Hormuz and further supply disruption risks underpinned the market.Brent crude futures were down 50 cents, or 0.57 per cent, at $87.86 by 0610 GM
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France’s Exosens to triple thermal camera production for drones
July 28 : French defence company Exosens said on Tuesday it would triple thermal-camera production capacity in 2026 to meet growing demand from drone and counter-drone applications, as it reported a 15.3 per cent rise in first-half revenue and raised its full-year outlook.The night-vision gear maker said it n
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CSOP adopts flexible leverage for Samsung, SK Hynix ETFs amid volatility
HONG KONG, July 28 : Hong Kong’s CSOP Asset Management announced it will adopt a flexible leverage framework for 12 exchange-traded funds (ETFs), including those tracking Samsung Electronics and SK Hynix, after the city’s securities regulator adjusted rules in an effort to smooth market volatility.** Effectiv
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Nvidia behind $50 billion lease on Texas data center, FT reports
July 28 : Nvidia has signed leases worth up to $50 billion for Hut 8’s Texas data center, the Financial Times reported on Tuesday, citing five people familiar with the deal.Hut 8 said last week its 1-gigawatt Beacon Point campus had a base-term contract value of $19.6 billion over 15 years, rising to as much
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Google rivals line up seeking damages after record $1 billion fine
BRUSSELS, July 28 : A decades-long crackdown on Google’s business practices in Europe is entering a costly new phase, as the loss of the first case brought against it under new EU legislation opens the door to a wave of private lawsuits demanding up to $10 billion in damages.Having already absorbed billions o
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Oil prices extend decline as US and Iran pause attacks
July 28 : Oil prices extended declines on Tuesday, down by over $1 per barrel amid hopes for a resolution in the U.S.-Iran war which significantly disrupted global energy flows.Brent crude futures were down $1.47, or 1.66 per cent, at $86.89 by 0326 GMT, their lowest since July 20. U.S. West Texas Intermedia
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