Tag: Business
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Airlines find the grass isn’t always greener with new engines
Airline CEOs complained that engine makers aren’t making enough of their engines or that they’re reliable enough.
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ENERGY WATCH: Mideast flare-up
June 8 : Breaking down what matters today in global energy marketsBy Ron Bousso, ROI Energy ColumnistThe shaky two-month-long ceasefire between the United States, Israel and Iran was rattled again on Sunday when Iran launched a salvo of missiles at Israel over its attacks in Beirut, prompting I
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Italy regulator drops investigation into Meta’s WhatsApp AI bot
ROME, June 8 : Italy’s competition authority said on Monday it had dropped an investigation into Meta Platforms over allegations the company abused its dominant position by installing its artificial intelligence tool on messaging service WhatsApp.The investigation had been launched in July 2025.The reg
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As Apple’s WWDC conference kicks off, investors want to know if AI will save Siri
CUPERTINO, California, June 8 : Apple on Monday will test its standing in the AI race, with analysts expecting the iPhone maker to open its developer conference with a long-awaited Siri overhaul and tools to tap the computing power of its 2.5 billion devices.Apple CEO Tim Cook kicked off the event by saying t
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How SpaceX President Gwynne Shotwell has achieved Musk’s lofty ambitions
June 8 : When SpaceX goes public on Friday with what is expected to be a record-setting IPO, it will cap two decades of founder and CEO Elon Musk’s ambition to transform rocketry, satellite communications and humanity’s reach into space.Each step of the way, there has been a guiding hand largely out of view
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Dollar falls from highs after Iran halts Israel strikes; yen clings to 160/$
NEW YORK/LONDON, June 8 : The dollar pulled back on Monday from its highest level in nearly two months, after Iran said its attacks on Israel had ended.Tehran’s comments lured investors into other currencies that had been dented after strong U.S. jobs data on Friday prompted traders to ramp up bets on a Feder
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JPMorgan traders are getting worried and have turned cautious on the market. Here’s why
The recent selling in tech and volatility in the bond market have traders positioned more defensively, for now.
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Italy’s Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
BENGALURU/MILAN June 8 : Bending Spoons, an Italian tech firm that acquired internet brand AOL and ticketing marketplace Eventbrite this year, filed on Monday for an initial public offering on the U.S. Nasdaq.The company, which buys and revamps digital businesses, aims for a valuation of at least $20 billion,
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EV maker VinFast’s revenue jumps on SE Asian demand, but loss widens
June 8 : Vietnam’s VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, driven by strong demand for its electric vehicles in key Southeast Asian markets, but posted a wider net loss.Quarterly revenue rose to 23.11 trillion dong ($877.24 million) from 16.31 trillion dong a year earlie
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Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US
June 8 : Amazon said on Monday it has signed a multi-billion-dollar deal with specialty glass maker Corning aimed at boosting U.S. production of optical fiber and connectivity products that are used in data centers. Amazon, however, did not disclose any further financial details on the partnership.Sha
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