Tag: Business
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S&P lifts Pakistan’s credit rating to ‘B’ on institutional stability, IMF reform progress
July 22 : Credit ratings agency S&P Global raised Pakistan’s long-term sovereign credit rating to “B” from “B-” on Wednesday, citing stronger institutional stability and effective implementation of reforms under an IMF program.Pakistan’s rating outlook was held at “stable” as sustained official financing is e
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EU regulator sends charge sheet to JD.com over Ceconomy deal
BRUSSELS, July 22 : The European Commission on Wednesday outlined its objections to Chinese e-commerce giant JD.com over its acquisition of German electronics retailer Ceconomy as it stepped up its investigation into the deal.”The issuing of a statement of grounds is a formal step in an investigation under th
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Shanghai holds compliance guidance meeting with automakers including Tesla, BYD
BEIJING, July 22 : Shanghai authorities said on Wednesday it convened major automakers, dealer groups and internet platforms to reinforce compliance requirements as part of a campaign to regulate online information dissemination in the automotive sector.• The meeting, organised Tuesday by several city autho
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Stocks making the biggest moves premarket: Super Micro Computer, GE Vernova, Rocket Lab and more
These are the stocks posting the largest moves premarket.
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Analysis:Meta employees’ lawsuit shows that if AI fires you, proving it is the hard part
July 22 : A novel lawsuit claiming that Meta Platforms relied on discriminatory AI tools to select employees for layoffs highlights the problems workers face in suing employers over the new technology, including proving how it was actually used. The case helps illustrate why a widely predicted wave of employ
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TE Connectivity projects upbeat quarterly results, to buy Astrodyne for $1.4 billion
July 22 : Electronic equipment maker TE Connectivity on Wednesday forecast fourth-quarter profit and revenue above Wall Street expectations, betting on a boom in demand for its AI-related tools and products.Growing demand for AI-related tools and products has boosted investments in data centers and network eq
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Intel results to test if AI-fueled rally has room to run
July 22 : Intel’s results on Thursday will show whether the American chip icon has the numbers to back a Wall Street rally that has sent its shares nearly three times higher this year, as its turnaround push wins over investors and the AI buildout powers demand. Analysts expect the company to report its fast
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S&P raises Pakistan’s sovereign rating to ‘B’, citing reforms implementation
July 22 : Credit ratings agency S&P Global raised Pakistan’s long-term sovereign credit rating to “B” from “B-” on Wednesday, citing stronger institutional stability and effective implementation of reforms under an IMF program.The agency said the government’s efforts to widen the tax base have improved revenu
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AT&T tops targets for wireless subscriber additions as bundle offers gain traction
July 22 : AT&T added more wireless subscribers than expected in the second quarter, as its revamped low-cost, unlimited plans along with bundled mobile and broadband offerings attracted value-conscious customers.Shares of the company jumped 5 per cent in premarket trading on Wednesday. The gains build
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US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says
July 22 : Coinbase has settled a Freedom of Information Act lawsuit against the U.S. Securities and Exchange Commission over records it sought from the agency, the cryptocurrency exchange’s chief legal officer, Paul Grewal, said in a Wall Street Journal op-ed on Wednesday.Grewal said the agency, which polices
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