Tag: Business
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Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push
NEW YORK, July 20 : Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space in the country and signaling plans to broaden its offerings in the future.The Samsung Galaxy Card, issued by Barclays and running on Visa’s netwo
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Oil settles 1% higher as hopes of renewed US-Iran negotiations offset Houthi threat
HOUSTON, July 20 : Oil prices settled over 1 per cent higher on Monday after volatile trading through the session, as traders weighed hopes of renewed U.S.-Iran negotiations against Yemen’s Houthis imposition of a naval blockade against Saudi Arabia.The Middle East conflict escalated over the weekend, with th
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Paramount Skydance ordered to pause Warner Bros acquisition through August 3
July 20 : Paramount Skydance must pause its $110 billion acquisition of Warner Bros. Discovery through August 3, a federal judge ruled on Monday after a California-led coalition of states argued the merger would irreparably harm competition.U.S. District Judge Araceli Martínez-Olguín in Oakland handed an ea
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The FDA made a big reversal in its cyclosporiasis probe, but it still thinks iceberg lettuce is to blame
The FDA’s investigation into the source of the cyclosporiasis outbreak is causing confusion as companies and consumers alike navigate new updates.
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AliExpress hit with US$629 million EU fine over sales of illegal, counterfeit products
“This is very dangerous for consumers, unfair for companies which are complying with all our rules,” said EU tech chief Henna Virkkunen.
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Head of US AI safety agency resigns
WASHINGTON, July 20 : U.S. Center for AI Standards and Innovation Director Chris Fall has resigned just three months after being appointed to lead the federal AI testing institute at the Department of Commerce, a department spokesperson told Reuters, marking the latest shakeup in the Trump administration’s plans on
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Valeo to make drone motors in France for Harmattan AI
July 20 : Automotive supplier Valeo will develop and produce electric drone motors in France for defense technology firm Harmattan AI, the companies said on Monday.The motors, designed for both civil and defense applications, will be manufactured without heavy rare earths to help secure the supply chain, they
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Judge orders Paramount to temporarily pause Warner Bros acquisition
July 20 : A coalition of states led by California won a pause of Paramount’s $110 billion acquisition of Warner Bros. Discovery on Monday, after they argued letting the merger close would irreparably harm competition.California and 11 states sued on July 13, arguing the deal would create a media behemoth with
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Paramount and Warner Bros. merger hit with temporary restraining order
A California judge granted a temporary restraining order as part of the lawsuit brought by state attorneys general due to antitrust concerns.
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Stocks making the biggest moves midday: AMD, Archer Aviation, SpaceX, Iren & more
These are the stocks posting the largest moves in midday trading.
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