Tag: Business
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Cathay Pacific flags stronger first-half profit on travel, cargo demand
July 22 : Hong Kong’s Cathay Pacific Airways said on Wednesday it expects higher first-half profit attributable for 2026, helped by strong passenger and cargo demand, improved performance from low-cost carrier HK Express and higher contributions from associates.The airline group forecast a consolidated profit
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Analysis:AI investment boom puts Big Tech’s free cash flow under pressure
July 22 : U.S. hyperscalers are starting to show returns on their artificial intelligence investments, but the rising cost of the buildout is taking a bite out of their free cash flow, and investors are noticing.At their current trajectory, the so-called “hyperscalers” – Microsoft, Alphabet, Amazon, Meta Plat
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Japan imports jump to record high on oil price surge, complicating BOJ policy
TOKYO, July 22 : Japan’s imports jumped to a record high in June, government data showed on Wednesday, as a weak yen and soaring oil prices drove up import costs and inflation, leaving the central bank in a policy bind. The swelling import bill has become a growing concern for policymakers, with the yen’s wea
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Australia’s Origin Energy probes potential unauthorised data access
July 22 : Australian power producer Origin Energy said on Wednesday it was investigating a potential security incident that may involve unauthorised access to some customers’ data. Here are some details:• The country’s top electricity and gas retailer said it does not expect the impacted data to inc
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News Corp countersues Brave for allegedly ‘scraping’ articles for AI
July 21 : News Corp, facing a lawsuit by search engine Brave Software, has filed a countersuit accusing it of “flagrant theft” in distributing and selling versions of articles from the Wall Street Journal and New York Post to AI companies.Brave had last year preemptively sued the media giant, seeking a court
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Oil prices rise slightly after US announces new round of strikes on Iran
July 22 : Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Brent crude futures rose 0.55 per cent, or 50 cents
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Japan ready to take decisive action on forex if needed, finance minister says
TOKYO, July 22 : Japanese Finance Minister Satsuki Katayama said on Wednesday that the government remains ready to take decisive action in currency markets if needed, while refraining from commenting on specific foreign-exchange levels.”Our stance has not changed at all. If there is a need for it, we will tak
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Japan exports in June jump 19.3% year/year
TOKYO, July 21 : Japanese exports rose 19.3 per cent year-on-year in June, up for a 10th straight month, data from the Ministry of Finance showed on Wednesday.The result compared with an 18.6 per cent increase expected by economists in a Reuters poll.Imports grew 25.4 per cent in June from a year earli
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Sony’s ‘ironic’ PlayStation disc decision upends gamer conventions and threatens a $7 billion resale market
In 2013, Sony tweaked Xbox by showing how easy it was to share a PlayStation disc. Now, gamers say Sony has become exactly what it mocked.
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Nike to cut off thousands of online distributors in China, restructure digital footprint
Nike is streamlining its online business in China as the company looks to stabilize pricing and branding and get back to growth.
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