Tag: Business
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Bank of Korea holds rates after back-to-back hikes
SEOUL: The Bank of Korea left its benchmark interest rate unchanged on Thursday (Oct 22), pausing after back-to-back quarter-point hikes in July and August, although strong chip-driven growth and above-target inflation keep the option of further tightening open.The seven-member monetary policy board at the BO
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Tesla aims to sell Cybercab robotaxis by end of year despite federal probe
SAN FRANCISCO, Oct 21 : Tesla is aiming to start selling its Cybercab robotaxis to the public by the end of this year, its engineering chief said on Wednesday, even as the US auto safety agency probes the vehicles that come without manual controls which federal regulations typically require. The gold, two-s
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Critical web security flaws spark global alarm as Google, OpenAI and Amazon respond
Critical PHP security flaws trigger global warnings as Google, OpenAI and Amazon respond to potential cyber threats.
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Meta sued in Australia class action over alleged social media harm to children
SYDNEY, Oct 22 : A class action lawsuit has been filed in an Australia court against Meta Platforms’ Facebook and Instagram, alleging the social media platforms exposed children to harmful content and kept them addictive through algorithms.The lawsuit, filed in the Federal Court, Australia’s second-highest, b
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Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions
Oct 22 : Oil prices rose on Thursday as more attacks by the Houthis in Saudi Arabia prompted the United States to order some diplomats and family members to leave its missions in the Kingdom.Brent crude futures rose $1.29, or 1.2 per cent, to $110.11 a barrel at 00:34 GMT, while US West Texas Intermediate…
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Meta puts Muse agent at heart of AI strategy, plans new stock to power investments
Oct 21 : Meta introduced new non-voting shares on Wednesday to help fund the social media giant’s costly AI expansion, as executives laid out their vision for organizing the company’s future around its nascent AI agent business.Shares of the Facebook and Instagram parent rose more than 4 per cent in extended
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Judge orders Meta to pay US$25 bn to New Mexico in Cambridge Analytica case
The US$25 billion penalty comes as Meta faces a series of legal cases over its handling of users’ personal data.
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Germany’s SAP hits €10 billion quarterly revenue milestone, lifts 2026 view
Oct 21 : Europe’s largest tech company SAP achieved a €10 billion ($11.2 billion) quarterly revenue milestone for the first time on Wednesday, while reporting a 26 per cent rise in current cloud backlog and moving its 2026 revenue expectations to the upper end of its outlook range.Cloud revenue rose 26 per
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Stocks rise on AI-led earnings, France’s 10-year bond yield hits 5%
NEW YORK/LONDON, Oct 21 : Major stock indexes climbed on Wednesday, lifted by more strong results from AI-focused companies, while France’s 10-year bond yield hit 5 per cent for the first time since 2002 due to growing concern about the country’s economic outlook.The Nasdaq gained more than 1 per cent, with S
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Meta’s Muse AI agent achieves strong growth, company introduces new shares to power investments
Oct 21 : Meta introduced new non-voting shares on Wednesday in a move that would help fund the social media giant’s costly AI expansion, as it reported strong growth of its consumer AI agent app Muse.Shares of the company rose more than 4 per cent in extended trading, as it also forecast fourth-quarter revenu
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