Tag: Business
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Italy regulator probes Microsoft over ‘Microsoft 365’ price hike
ROME, June 26 : Italy’s antitrust authority said on Friday it had opened an investigation into Microsoft over alleged unfair commercial practices linked to the price hike of its “Microsoft 365” subscription. The regulator said the Windows maker did not adequately inform consumers that its Microsoft 365 servic
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Musk’s SpaceX targets US consumers with Starlink mobile service push, FT reports
June 26 : SpaceX has told investors it plans to launch a Starlink mobile service for U.S. consumers, the Financial Times reported on Friday, in a move that could allow the Elon Musk-led company to compete directly with Verizon, AT&T and T-Mobile. Here are some details:• SpaceX already offers direct
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Kioxia shares slump 12% as AI-related stocks fall
TOKYO, June 26 : Shares of Japanese chipmaker Kioxia slid 12 per cent on Friday after a report that ChatGPT maker OpenAI was considering delaying its initial public offering sparked a selloff in AI-related shares.Kioxia, previously called Toshiba Memory and carved out of Toshiba in 2018, is a major producer o
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Asia shares retreat from record as Apple price hikes rain on chip parade
SYDNEY, June 26 : Asian shares pulled back on Friday after a stellar quarter, as Apple’s hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with Brent crude fut
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Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents
Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.
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Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea
SEOUL, June 26 : Samsung Group will unveil a sweeping decade-long investment plan on Monday, pledging 1,000 trillion won ($648 billion) to anchor South Korea’s next growth cycle, including a possible 300 trillion won push to build chip factories in the country’s southwest, a media report said.The investment,
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Honda CEO apologises for company’s loss, wins investor backing at annual meeting
TOKYO, June 26 : Honda Motor Chief Executive Toshihiro Mibe secured support for his reappointment to the Japanese automaker’s board at its annual meeting on Friday after apologising to shareholders for the company’s poor financial performance.Honda is seeking to recover from costly strategic missteps after po
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Always-on won: Korean dealers fret about risks in landmark shift to 24-hour trading
SEOUL, June 26 : Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit plunge in the pound, and the won’s dramatic tailspin after South Korea’s 2024 martial law decree.Now his job will be stretched around the clock as Sou
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Asian shares fall as Apple’s price hikes dents tech optimism
SYDNEY, June 26 : Asian shares eased from record highs on Friday as hefty price hikes from Apple showed the downside of the boom in chip demand, while only the threat of Japanese intervention kept the yen from hitting 40-year lows. Brent crude futures slipped 0.5 per cent to $74.89 a barrel, having bounced 2
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UN agency pauses Hormuz ship evacuation plan after first vessel attack under peace deal
The pause follows a container ship being struck near the coast of Oman on Thursday, with a U.S. official saying that Iran was responsible for the attack.
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