Tag: Business
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Google connects new transatlantic cable between Portugal and the US
LISBON, July 21 : Alphabet’s Google has successfully connected a new transatlantic subsea cable to Sines in Portugal, it said on Tuesday, adding another U.S.-Europe data route as demand for cloud computing and artificial intelligence services surges.Google’s Nuvem, named after the Portuguese word for “cloud”,
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BofA enhances AI-powered tool to resolve client needs faster
NEW YORK, July 21 : Bank of America said on Tuesday it has enhanced its AI-powered EricaAssist tool, which would help more than 18,000 customer service representatives resolve client needs faster by delivering real-time guidance during conversations.The new generative AI capabilities deliver contextual guidan
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Intel’s foundry lands first named customer under CEO Lip-Bu Tan, as Fortinet signs on for security chips
Fortinet is the first announced corporate customer for Intel’s foundry under CEO Lip-Bu Tan, who took over the chipmaker in March 2025.
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Wall Street is selling more rental homes, as buying ban takes effect
The largest landlords are all net sellers year-to-date, with 3,180 more homes sold than bought since Jan. 1.
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U.S. strikes continue, GM earnings, the latest on cyclosporiasis and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Dollar steady as investors weigh Middle East jitters against softer inflation data
BENGALURU/HONG KONG, July 21 : The U.S. dollar held steady on Tuesday as markets balanced signs of escalating tensions in the Middle East against lingering optimism from softer inflation data last week.The U.S. dollar index, which measures the currency against a basket of six peers, was largely unchanged at 1
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BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition
July 21 : A consortium backed by BlackRock and Abu Dhabi-based fund MGX said on Tuesday it has committed an additional $5 billion in growth capital to Aligned Data Centers after closing its $40 billion acquisition of one of the world’s biggest data center operators.The investor group agreed last year to buy A
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Philippine Airlines orders nine Airbus A350 jets, with rights for five more
FARNBOROUGH, England July 21 : Philippine Airlines ordered nine Airbus A350 widebody jets on Tuesday and secured rights for five more, a day after it placed an order for 15 Boeing 787 Dreamliners, in its push to expand long-haul services.PAL, Asia’s first commercial airline, has been rebuilding its long-haul
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Advanced chipmaking tool arrives at New York state innovation hub
SAN FRANCISCO, July 21 : The first components of an ASML next-generation chipmaking tool arrived at New York state’s Albany NanoTech Complex on Tuesday, the governor’s office said.The NanoTech complex will use the tool to conduct research and development on future forms of chip design and manufacturing.
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AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says
JOHANNESBURG, July 21 : Artificial intelligence could boost Sub-Saharan Africa’s economy by about 4 per cent over the next decade with better electricity supply, internet access and digital skills, an International Monetary Fund paper showed on Tuesday, but without such reforms the growth dividend could be negligibl
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