Tag: Business
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Fiserv, service station operators including BP warn US stores on illegal vapes
LONDON, July 3 : Payments platform Fiserv and service station operators including BP have warned their U.S. partners and store owners not to deal in illegal vapes or risk heavy fines as a consequence, notices seen by Reuters show.A coalition of state and city law enforcement officials in the U.S. is pressurin
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Tesla rolls out robotaxi service in Miami
July 3 : Tesla said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.The expansion highlights Tesla’s efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a key part of CEO
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AI hiring outpaces overall IT recruitment in India, report shows
BENGALURU, July 3 – Hiring for AI roles within India’s IT sector outpaced overall recruitment within the industry last month, a survey showed on Friday, indicating a push from companies to reorient themselves in the face of evolving technology.The sector’s AI hiring rose 16 per cent year-on-year in June, whil
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Ford achieves quality milestone, as CEO targets flawless new vehicle launches
Ford CEO Jim Farley told CNBC that the automaker has learned from its past quality and recall issues, which have hurt its earnings and stained its reputation.
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American Express and Chase move luxury lounge wars beyond the airport
Credit card companies are increasingly offering access to lounges and perks at festivals and sporting events, often exclusively for premium cardholders.
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Manhattan luxury real estate sales hold firm despite fears of a ‘Mamdani effect’
A month after the passage of a tax on second homes in New York City, brokers and analysts said sales of luxury real estate remain strong.
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Dollar set for biggest weekly drop since April as soft jobs data blunts Fed hike bets
LONDON, July 3 : The U.S. dollar was heading towards its biggest weekly loss in 12 weeks on Friday after a tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing some relief for the embattled Japanese yen. Broad dollar weakness lifted the euro to near
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Oil prices stable as US-Iran peace efforts hold
LONDON, July 3 : Oil prices were steady on Friday and little changed for the week as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures were up 17 cents, or 0.24 per cent, to $71.97 a barrel at 0932 GMT.…
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Global equity fund inflows rise as investors add tech stocks after market dip
July 3 : Inflows into global equity funds rose in the week to July 1, as investors took advantage of a pullback in major markets to add technology stocks, betting that the sector’s earnings momentum would be intact.A net $10.44 billion poured into these funds, about a quarter higher than the prior week’s $8
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Analysis:Argentina’s plan for AI-run companies can’t avoid humans
BUENOS AIRES, July 3 : Argentine President Javier Milei generated both excitement and fear last month when he announced a congressional bill to create “non-human corporations” run by AI, but the companies would actually require human involvement.Milei described in a Financial Times op-ed piece a new type
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