Tag: Business
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Life on the edge of Musk’s Starbase brings fortunes and fractures
STARBASE, Texas, June 10 – The last time SpaceX launched a rocket in South Texas, charter boat captain Eddie Reyes was bobbing in a pontoon boat less than 2 miles from the pad with a group of paying passengers. A blast of flames erupted and shockwaves rattled the boat while the rocket climbed into the…
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Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC
June 10 : Fund manager Franklin Resources, better known as Franklin Templeton, will participate in rocket maker SpaceX’s blockbuster initial public offering this week, CEO Jenny Johnson told CNBC on Wednesday.Speaking on a CNBC interview, Johnson said clients were calling up the asset manager and asking if th
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Google and Meta denied new trial in youth social media addiction case, sources say
June 10 : A California state court judge denied motions by Meta Platforms and Google’s YouTube seeking a new trial after a jury found them liable for designing social media platforms that are harmful to young people, sources familiar with the ruling confirmed on Wednesday.Los Angeles Superior Court Judge Car
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US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products
WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the F
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Worker bees build a ‘royal palace’ for the honeybee queen
June 10 : Honeybee queens come from the same ordinary fertilized female eggs as worker bees. So how does one bee become a queen – with the responsibility of serving as the colony’s only baby maker – rather than just another worker? Until now, scientists believed it was solely because the chosen bee was served…
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Hormuz block sparks ‘never seen before’ disruption: Shell CEO
More than 10 per cent of global oil production has been removed from the market since the start of the Middle East war, Shell CEO Wael Sawan told a summit of top business leaders.
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UzNIF brings global investors into state-owned enterprises
The dual London and Tashkent listing attracted more than $2.8 billion (€2.46 billion) in demand and raised nearly $700 million. Attention is now turning to governance standards, company performance and whether the transaction can help deepen capital markets and support future public offerings. #Focus
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ING bets on subscription model to lift fees amid growing digital-banking competition
June 10 : ING launched a new subscription-based banking model for clients in the Netherlands on Wednesday, in a move aimed at diversifying income streams and protecting its market share.The Dutch-based bank expects the model, which is to be rolled out across its markets by mid-2027, to deliver a “meaningful”
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Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14
BRUSSELS, June 10 : Paramount Skydance Corp’s $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny, according to a European Commission filing.The U.S. entertainment giant sought EU approval under its Foreign Subsidies Regulation, which
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Trump Media and TAE Technologies will not spin off Truth Social
June 10 : Trump Media and Technology and TAE Technologies said on Wednesday they have decided to not spin off Truth Social and certain other TMTG media assets into a new publicly listed company. Founded by U.S. President Donald Trump and known for its Truth Social platform aimed at conservative audiences, TMT
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