Tag: Business
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Texas grid flags risks as data centers, crypto sites fail voltage tests
June 5 : Several large data centers and crypto facilities planning to connect to the Texas power grid ahead of peak summer demand have failed key reliability tests, raising the risk of power outages just as electricity use hits its seasonal high, according to the state grid operator.The rapid expansion of dat
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Stocks fall as strong jobs data fuels rate hike bets; oil set for weekly gain
NEW YORK, June 5 : Shares dipped on Friday after a blowout jobs report fueled bets of a rate hike by the U.S. Federal Reserve and as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities.Iran reaffirmed support for the Hezbollah militia and demanded Israel withdraw f
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Two leaks detected on International Space Station, Russian space agency says
MOSCOW, June 5 : Russian state space agency Roscosmos said on Friday that its experts had detected two leaks aboard the International Space Station (ISS) but that there was no immediate threat to the crew.”When the transition chamber compartment of the Zvezda module was pressurised… specialists from the mai
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LinkedIn co-founder Reid Hoffman to step down from Microsoft’s board
June 5 : Reid Hoffman, billionaire co-founder of networking website LinkedIn, has decided not to stand for re-election to Microsoft’s board of directors at its 2026 annual shareholder meeting, the software giant said in a filing on Friday. Hoffman, who has served on the board since 2017, will stay on till the
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Greece to tax gains from crypto, sources say
ATHENS, June 5 – Greece is preparing legislation to impose a 15 per cent capital gains tax on cryptocurrencies, two government officials with knowledge of the issue told Reuters on Friday.Greece doesn’t have a comprehensive legal framework for taxing cryptocurrencies, and European Union countries don’t have a
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Bitcoin’s star fades, as investors flock to lustre of AI and megacap IPOs
LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world’s largest cryptocurrency. Its price has tumbled around 15 per cent this week,…
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LinkedIn co-founder Reid Hoffman is leaving Microsoft’s board after almost a decade
Reid Hoffman was one of OpenAI’s first donors, and he left its board in 2023 as the nonprofit cozied up with Microsoft.
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Boeing to start 737 Max production on new assembly line July 6, CEO says
The new 737 Max final assembly line in Everett, Washington, will serve as a catalyst for increasing Max production to 52 jets per month.
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Amazon unveils latest warehouse robot as tech giants continue AI layoffs
“Our experience of robots is that it’s actually driven up employment rather than the reverse,” Amazon executive John Boumphrey told CNBC.
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India’s GDP stays robust in January-March as domestic demand offsets external weakness
NEW DELHI, June 5 : India’s economy grew an unexpectedly strong 7.8 per cent year-on-year in the January-March quarter, the government said on Friday, as robust private investment, farm output and construction activity offset the early impact of the Middle East conflict.The print, the second in an updated dat
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