Tag: Business
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Renting a yacht in the Mediterranean this summer just got cheaper
Summer charters in the Med are down 20% to 30% from last year, yacht brokers say, with a growing number offering special discounts for July and August.
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EU regulators to issue formal warning to JD.com over Ceconomy deal, sources say
BRUSSELS, July 22 : EU regulators will issue formal charges against Chinese e-commerce giant JD.com over its $2.5 billion bid for German electronics retailer Ceconomy, underlining their concerns of unfair subsidies, people familiar with the matter said.The charges, known as a statement of grounds under the Fo
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HSBC appoints cross-bank leaders after Hang Seng privatisation, source says
HONG KONG, July 22 : HSBC has appointed cross-bank leaders to oversee seven corporate functions it has in common with Hang Seng Bank, which it took private last year, according to a source familiar with the matter, in an effort to drive efficiency.Corporate communication, company secretarial and corporate gov
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Anthropic to donate $20 million to US political group that supports AI regulation
WASHINGTON, July 22 : AI giant Anthropic will donate $20 million to a lobbying organization that supports AI regulation, according to a company statement released on Wednesday, its latest move to influence U.S. policy on the technology.The company is donating to Public First Action, a political group that ad
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US to spend $5 billion on health, construction research powered by AI
WASHINGTON, July 22 : The U.S. will spend $5 billion to tackle long-standing scientific problems across multiple fields using AI, the Trump administration said in a statement on Wednesday. The agencies will use the funding to identify the root causes of chronic diseases, accelerate drug discovery and develop
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Kalshi debuts US midterms hub for election forecasts and polling data
July 22 : Prediction market operator Kalshi said it had launched a new hub for tracking the U.S. midterm elections, offering users real-time election forecasts alongside polling, fundraising and historical election data.The New York-based company said the hub will provide a market-based view of election races
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Exclusive-Marco Rubio tells diplomats to play down talk of American tech ‘kill switch’
WASHINGTON, July 22 : U.S. Secretary of State Marco Rubio has asked diplomats to push back against talk of a “kill switch” in American technology products following the White House’s short-lived decision to keep foreigners from America’s most advanced AI models, according to a recent cable reviewed by Reuters.
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BOJ on alert to price risks that may lead to faster rate hikes, sources say
Tokyo, July 22 : The Bank of Japan remains on alert to upside inflation risks that could lead to faster interest rate hikes than markets project, said three sources familiar with its thinking.Many central bank policymakers believe the pace and timing of rate hikes cannot be pre-scheduled and they depend much
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UK’s Bloomsbury among beneficiaries of $1.5 billion Anthropic copyright lawsuit settlement
(Corrects day to Wednesday from Tuesday in paragraph 1)July 22 : Britain’s Bloomsbury Publishing confirmed on Wednesday it was among the beneficiaries of a landmark $1.5 billion settlement that resolves claims artificial intelligence company Anthropic used copyrighted books to train its AI models without pu
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Japan ready to take decisive currency action as yen hits 40-year low
TOKYO, July 22 : Japan will take decisive action in the currency market if needed, Finance Minister Satsuki Katayama said on Wednesday, signalling Tokyo’s readiness to intervene in the market as the yen slid to a 40-year low.Chief Cabinet Secretary Minoru Kihara also said on Wednesday the government was ready
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