Tag: Business
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Besi’s quarterly orders beat expectations as AI data centre demand stays strong
Oct 22 : BE Semiconductor Industries reported third-quarter orders that exceeded analyst expectations on Thursday, as demand for its chip-packaging equipment tied to AI data centres remained strong.Quarterly order intake, the industry’s most closely watched metric, was €342.6 million ($385.2 million), up
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Epic’s ‘Fortnite’ back on Apple App Store in Australia after antitrust ruling
Oct 21 : Epic Games said its shooter title “Fortnite” will return to Apple’s App Store in Australia on Thursday after a federal court ordered the iPhone maker to open up its iOS operating system, having found it violated competition law.Apple said it disagreed with many of the court’s findings and would seek
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Europe car sales rise 10% in September as EV surge offsets combustion slump
Oct 22 : Strong demand for electrified cars helped Europe’s new-car market grow in September, offsetting another sharp decline in petrol and diesel vehicle sales, data from the European Automobile Manufacturers’ Association showed on Thursday.New-car registrations, a proxy for sales, rose 10.2 per cent year-o
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Cloudflare sees millions of exploit attempts after PHP disclosure
Oct 21 : Cloud services firm Cloudflare saw millions of exploitation attempts after the public disclosure of critical vulnerabilities in the widely used programming language PHP, CEO Matthew Prince said in a post on X late on Wednesday. “In the 10 hours before it was publicly announced, across the network we
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Meta sued in Australian class action over alleged social media harm to children
SYDNEY, Oct 22 : A class-action lawsuit has been filed in an Australian court against Meta Platforms’ Facebook and Instagram that alleges the social media platforms exposed children to harmful content and kept them addicted through algorithms.The lawsuit, filed in the Federal Court, Australia’s second-highest
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Asian markets dip as investors weigh tech earnings, Gulf tensions
HONG KONG, Oct 22 : Asian stocks struggled to stay above water in early trade on Thursday, as tech earnings optimism provided only fleeting support amid lingering concerns over AI and uncertainty in the Gulf. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 per cent, on track for a fou
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Deepseek raises $15 billion in challenge to leading US labs, Bloomberg News reports
Oct 22 : Chinese AI startup DeepSeek has raised about 100 billion yuan ($14.98 billion) in its latest fundraising round, Bloomberg News reported on Thursday citing people familiar with the matter. Battery pioneer Contemporary Amperex Technology and WeChat-operator Tencent Holdings were among the biggest inve
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New Zealand’s Fisher & Paykel Healthcare hit by cyber breach
Oct 22 : Medical device maker Fisher & Paykel Healthcare on Thursday said it was made aware of unauthorized and unlawful access to a subset of company files and two employee email accounts.Here are the details:• Some of the files accessed contained personally identifiable information and the company
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Japan funding conditions still loose despite interest rate hikes, survey shows
TOKYO, Oct 22 : Major Japanese lenders see increased demand for funds among corporate borrowers compared with three months ago, a survey showed on Thursday, indicating the central bank’s recent interest rate hikes have yet to tighten financial conditions.Financial conditions are becoming increasingly importan
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Bank of Korea holds rates as expected after back-to-back hikes
SEOUL, Oct 22 : The Bank of Korea left its benchmark interest rate unchanged at 3.00 per cent on Thursday, pausing after back-to-back quarter-point hikes in July and August.The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase rate at 3.00 per cent, a decision that was forec
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