Tag: Business
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Bangladesh seeks new IMF lending deal, officials say
DHAKA, June 3 : Bangladesh has requested a new loan arrangement from the International Monetary Fund and is exiting its current $5.5 billion programme, government officials said on Wednesday.The officials said Dhaka will soon start talks with the IMF on a framework that would shape the design and conditions o
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SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says
June 3 : SpaceX will disrupt the $1.6 trillion U.S. communications industry as the Elon Musk-led company’s satellite broadband unit Starlink expands, Oppenheimer said in a note on Wednesday, adding that legacy broadband providers like AT&T may be most at risk.The brokerage raised its estimate for 2035 space r
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AI music startup Suno raises funding at $5.4 billion valuation
June 3 : Suno said on Wednesday it has raised more than $400 million in a funding round at a $5.4 billion valuation, as the AI music startup looks to enhance its platform by creating new tools.Here are some details:• The Massachusetts-based startup, which allows users to generate songs via AI prompts
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AlphaSense nearly doubles valuation to $7.5 billion in new funding round
June 3 : Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its funding round two years ago.The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, with new investors including D. E.
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Little-tested spinal cord treatment triggers hope, hype and lawsuits in Brazil
SAO PAULO, June 3 : An experimental treatment for spinal cord injuries has ignited a frenzy in Brazil, drawing patients from as far off as Mexico to a small-town laboratory, mobilizing the government to expedite approval and turning a scientist into a national celebrity – all before its safety has been proven in a
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The Dow’s win streak, Macy’s earnings, Trump signs AI order and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Vietnam inflation accelerates in May, trade deficit widens to record high
HANOI, June 3 : Vietnam’s inflation rate accelerated in May and its trade deficit widened from April to a record high, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent in April,…
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Meta loses challenge against EU gatekeeper label for Messenger
BRUSSELS, June 3 : Meta Platforms lost its fight on Wednesday against the EU’s labelling of its Messenger app as a powerful ‘gatekeeper’, which places obligations on tech companies with significant influence.Europe’s second-highest court upheld the European Commission’s finding that Messenger is an important
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EU Parliament to switch to French search engine from Google in tech sovereignty push
BRUSSELS, June 3 : The European Parliament will switch to French search engine Qwant from Google, it said on Wednesday, underscoring Europe’s push to reduce its reliance on U.S. technology in favour of local alternatives.The European Commission will later on Wednesday announce measures on chips, cloud computi
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Scientists reveal Ötzi the Iceman’s dynamic microbial world
June 3 : Ötzi the Iceman died violently roughly 5,300 years ago in the Alpine region of the modern border between Italy and Austria. An arrowhead was found lodged in his left shoulder, having caused fatal bleeding when he was attacked in mountainous terrain. But, in some sense, Ötzi still lives, as new research sh
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