Tag: Business
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KFC leans into boneless chicken, new drinks as chain tries to regain market share
KFC is facing more competition from legacy giants and upstarts alike, thanks to the growing global popularity of chicken.
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Warsh’s debut Fed press conference may reveal his strategy for inflation, rates
WASHINGTON, June 15 : New Federal Reserve Chairman Kevin Warsh has talked at length in recent years about the U.S. central bank’s balance sheet, the need to say less about interest rates and why it should not dip into issues like climate change.A Fed press conference on Wednesday, though, will mark his first
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What’s next for SpaceX stock after IPO blastoff
NEW YORK, June 15 : The SpaceX IPO went off with a bang. Now investors turn their attention to a jam-packed calendar ahead for Elon Musk’s rocket, internet and AI firm that may bring volatility.Just in the next two months, the sixth-largest U.S. listed company by market value will have a handful of events –
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Energy shares fall as Iran deal lowers Hormuz disruption risk
June 15 : U.S. energy shares fell in premarket trading on Monday as crude prices tumbled after Washington and Tehran reached an initial deal that could end the months-long conflict and reopen the vital Strait of Hormuz.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, Pakista
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AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom
VIENNA, June 15 : Austrian circuit board manufacturer AT&S has announced it is investing up to €2 billion ($2.3 billion) in Malaysia to capitalise on the AI boom, sending its shares soaring nearly 30 per cent.”We will fully expand our site in Kulim,” the company’s CEO Michael Mertin told Reuters in an inter
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Exclusive-Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators
June 15 : In its efforts to secure European approval of its “Full Self-Driving” (FSD) system, Tesla has presented self-published safety statistics to regulators in Sweden and the Netherlands that independent traffic-safety researchers have said amount to misleading marketing.A Reuters examination publishe
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Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
LONDON, June 15 : Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures fell $4.33, or nearly 5 per cent, to $83.00 a…
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Analysis:Why an Iran peace deal won’t pull the yen back from the brink
TOKYO, June 15 : War in the Middle East pushed the yen to the brink of multi-decade lows and prompted the government to prop it up – a peace deal, however, won’t pull it back from the precipice.Stocks and bonds soared on Monday on news of the planned Iran-U.S. halt to a war that has…
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India’s Electronics Mart eyes new markets as tech hubs fear job losses
June 15 : Hyderabad-based Electronics Mart India is looking to diversify away from the technology hub as concerns grow that potential AI-triggered job losses could hurt consumer spending, a top executive said.The retailer gets about 60 per cent of its revenue from Hyderabad, which hosts offices of global comp
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Musk says SpaceX could bring $1 trillion in revenue by 2030
June 15 : Elon Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion. “And I would be surprised if revenue is not greater than $1T in 2031,” he wrote on…
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