Tag: Business
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Canada regulator cited Anthropic’s Claude Mythos in warning to banks on cyber risks, email shows
TORONTO, July 13 : Canada’s federal banking regulator warned the country’s largest financial institutions about the risks of Anthropic’s Claude Mythos and other advanced AI models, saying the new technology could increase cyber threats and reduce the time institutions have to identify and fix vulnerabilities, accord
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California, 11 states suing to block Paramount’s $110 billion Warner Bros deal
NEW YORK/LOS ANGELES, July 13 : California and 11 states are suing to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and cable television, harming theaters and TV distributors.The lawsuit is a serious threat to Paramount CE
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Stocks making the biggest moves midday: Nio, Braiin, AppLovin, SpaceX, SK Hynix & more
These are the stocks posting the largest moves midday.
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US agency closes Starship review ahead of SpaceX’s next test flight
WASHINGTON, July 13 : The U.S. Federal Aviation Administration on Monday closed its review into a SpaceX Starship booster’s return failure that occurred during a flight test in May, clearing the way for Elon Musk’s space company to launch the rocket’s next test flight from Texas as soon as this week.The May 2
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Dollar mostly flat amid escalating US-Iran tension, yen slides on pension doubts
NEW YORK/LONDON, July 13 : The dollar was barely higher on Monday as hostilities in the Gulf escalated ahead of the monthly U.S. inflation report, while the yen slid following a Reuters report that Japan had no immediate plan to change state pension funds’ asset allocations.President Donald Trump said on Mon
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Bosch begins sample production at its first US semiconductor plant
DETROIT, July 13 : German auto component and chip maker Bosch is beginning sample production at its first U.S. semiconductor factory, the company said Monday, finalizing a $225 million agreement with the U.S. Commerce Department to strengthen domestic manufacturing of silicon carbide chips.Some automakers and
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India’s HCLTech results beat on financial services boost; enters data center business
BENGALURU, July 13 : HCLTech, India’s third-largest software services exporter, beat profit and revenue expectations for the first quarter on Monday, buoyed by strength in its financial services and a weak rupee.The company also retained its annual revenue forecast while announcing a foray into the data cente
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Explainer-Europe’s digital euro: What it is and how it would work
MILAN, July 13 : Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the European Cen
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Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch
July 13 : Global smartphone shipments fell 11 per cent in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research. Apple bucked the trend with a 3 per cent rise
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EU imposes sanctions on Russians over human rights and cybercrime
July 13 : The European Union on Monday broadened sanctions against Russia to include individuals and entities responsible for cybercrime and human rights violations, naming popular social media app VKontakte among them.• VKontakte and its daughter company Communication Platform LLC were added to the list fo
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