Tag: Business
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FCC votes to bar sales of devices with parts from Chinese firms posing risks
July 22 : The Federal Communications Commission on Wednesday voted to bar sales of devices in the U.S. that contain key hardware from Chinese companies deemed to be national security risks.The U.S. telecom watchdog maintains a list of firms — including Chinese telecom company Huawei and ZTE — whose equ
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IBM lowers full-year forecast after earnings warning
IBM is now looking to improve productivity with artificial intelligence, including with a new coding tool called Bob.
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Teen plaintiff suing Meta over mental health harms drops his claims against company days before trial
July 22 : A Florida teen whose lawsuit claimed Meta’s platforms were to blame for his depression and anxiety dropped his case against the company just days before the trial in Los Angeles was set to start, his attorneys said on Wednesday.The lawsuit, brought by a 15-year-old boy known as R.K.C., originally
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Zelle must face New York attorney general lawsuit over ‘rampant’ fraud, judge rules
NEW YORK, July 22 : A judge rejected Zelle’s bid to dismiss a lawsuit by New York Attorney General Letitia James, who said the electronic payment platform’s refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion from consumers.In a decision late Monday, Justice Phaedra Perr
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Chinese AI’s role in stopping rogue OpenAI agent shows cost of US guardrails
July 22 : A New York startup’s use of a Chinese AI model to rein in a rogue agent built with OpenAI technology is stoking fears that guradrails restricting U.S. AI firms from doing cybersecurity work could drive customers toward their Beijing-based rivals.The affected startup, Hugging Face, said it had turned
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Senate panel advances China auto bill that could bar Mercedes-Benz from U.S.
Mercedes-Benz’s largest individual shareholder is Chinese state-owned BAIC. Cruz warned the bill could hurt Mercedes and accused GM of backing it.
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EU antitrust regulators clear Paramount-WBD merger as it faces challenge by U.S. states
European regulators signed off on Paramount’s proposed acquisition of Warner Bros. Discovery.
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Stocks making the biggest moves midday: Super Micro Computer, EQT, AAR, Chubb, Pegasystems & more
These are the stocks posting the largest moves midday.
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Italian unions agree workers’ rights deal with Amazon
MILAN, July 22 : Italian unions have signed an agreement with Amazon.com covering leave, employee rights and video surveillance, the unions and the U.S. e-commerce giant said on Wednesday.• The Filt CGIL, Fit CISL and Uiltrasporti unions said 57 sites operating in Italy were covered in the deal struck with
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US Senate panel approves bill to crack down on Chinese vehicles
July 22 : The U.S. Senate Commerce Committee approved legislation to toughen a U.S. government ban on Chinese automakers entering the American market that could potentially bar Mercedes-Benz from selling vehicles in the United States.Senator Ted Cruz, the chair of the committee, warned that without changes
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