Tag: Business
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Amazon’s Leo proposes satellite constellation for direct-to-phone service
WASHINGTON, July 27 : Amazon’s Leo on Monday proposed a constellation of up to 5,105 satellites to provide direct-to-device voice and data connectivity, joining a growing race among satellite operators to beam cellular services directly to smartphones.The proposed network would provide voice, messaging, data
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Government engagement with AI creates more uncertainty for investors, Bridgewater CIOs warn
July 27 : The engagement of government with AI could potentially slow the adoption and progress of the technology and create more uncertainty for investors, Bridgewater’s co-chief investment officers said in a note to clients on Monday.Here are some more details:• Although regulation has a crucial ro
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Porsche to axe one in five jobs by 2035 as China, EV woes bite
BERLIN: German luxury carmaker Porsche will cut around one in five jobs by 2035, with 9,000 positions to be axed in total, as parent Volkswagen and its brands restructure in the face of weak demand and stiff competition.In a deal announced on Monday (Jul 27) after months of negotiations, Porsche management an
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NBCUniversal strikes a deal to offer Peacock to YouTube Premium subscribers
LOS ANGELES, July 27 : NBCUniversal and Google’s YouTube have reached a deal that will bring the Peacock streaming service to YouTube Premium subscribers in the U.S., and also extend its distribution agreement with YouTube TV.The deal marks Peacock’s largest wholesale distribution partnership, making its ori
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OpenAI’s Sam Altman to meet with Senate Intelligence Committee’s top Democrat
WASHINGTON, July 27 : OpenAI CEO Sam Altman will meet with Democratic Senator Mark Warner in Washington this week, Warner’s spokesperson said, in the wake of OpenAI’s disclosure that one of its AI systems had gone rogue during testing.Warner is the top Democrat on the Senate Intelligence Committee.
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NBCUniversal and YouTube ink deal to embed Peacock in the video platform for premium subscribers
Beginning in early 2027, YouTube Premium subscribers will receive the entirety of Peacock content, including sports and movies.
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Pakistan’s central bank holds key policy rate at 11.5%
KARACHI, July 27 : Pakistan’s central bank held its key policy rate at 11.50 per cent on Monday, the bank’s governor told reporters, as U.S.-Iran hostilities threaten to push up energy costs and inflation in the import-dependent country.The central bank decision comes weeks after the collapse of a ceasefire a
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Volkswagen in talks with Chinese partner on Spanish battery plant, trade outlet reports
BERLIN, July 27 : Volkswagen and its partner Gotion are in advanced talks about a possible stake for the Chinese company in the German carmaker’s battery plant in Valencia, Spanish trade publication La Tribuna de Automocion reported on Monday.The process has involved high-level visits from the Chinese battery
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Oil prices near one-week low after US, Iran pause fighting over weekend
LONDON , July 27 : Oil prices hovered around a one-week low on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures
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Dollar retreats as oil slumps on pause in Middle East conflict
July 27 : The dollar dropped against other major currencies on Monday, as a pause in U.S. bombing in Iran dragged oil prices lower and lifted risk appetite ahead of a busy week of central bank meetings.Against the yen, the U.S. dollar was down 0.1 per cent at 163.645 yen, on course for its sharpest…
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