Tag: Business
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Denmark intervenes in EU court case over publishers’ rights
July 6 : The Danish government has filed a written intervention in the European Court of Justice’s case pitting tech companies against Belgium’s government, citing the potential impact of the case on the rights of Danish media houses, the Culture Ministry said on Monday.Streamz, Google, Meta, Spotify, and Son
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Record heat, crowds drive offseason boom in international travel
Airlines are extending flight schedules to maximize on lucrative international travel.
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Stocks inch up as oil weighed by supply while earnings loom
SYDNEY/LONDON, July 6 : European stocks and U.S. futures ticked higher on Monday as the potential for increased energy supplies pulled down oil prices and promised relief from inflationary pressures, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in th
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Oil falls by more than 1% after OPEC+ agrees to raise output targets
July 6 : Oil prices fell by more than 1 per cent on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell $1.02, or 1.41 per cent, to $71.10 a barrel
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UN chief warns AI is developing faster than rules can keep up
GENEVA, July 6 : The United Nations secretary general on Monday warned that AI is developing faster than anyone can keep up, urging the need for globally harmonised rules to reduce potential risks – especially to children. “A technology that can reshape economies, transform the world of work, sway elections
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From shampoo to cookies, consumer products get an AI makeover
VIENNA, July 6 : French cosmetics company L’Oreal has used AI to identify molecules in its skincare products that can be repurposed for use in shampoo and can now create products four times faster than before, a senior executive told Reuters.Consumer companies, including Nescafe owner Nestle, Sensodyne toothp
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ASM International names KPN’s Chris Figee as new CFO
July 6 : ASM International, Europe’s second-largest maker of semiconductor equipment, said on Monday it plans to nominate Chris Figee as its next chief financial officer.The Dutch company said the appointment will be submitted for shareholder approval at an extraordinary general meeting expected to be held in
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Samsung appliance workers to stage a rally protesting chip workers’ wage deal
SEOUL, July 6 : Workers in Samsung Electronics’ smartphone, television and home appliance division will stage a rally on July 16, their union said, to protest the big bonuses the company’s chip workers have negotiated. • Workers in the company’s booming semiconductor division recently won a wage deal le
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South Korea’s SK Hynix launching $28 billion US listing to ride global AI wave
July 6 : South Korean chipmaker SK Hynix will launch a U.S. listing on Monday to raise about $28 billion, according to regulatory filings, as it capitalises on the global artificial intelligence boom with one of the world’s largest new share sales.The company will sell 17.79 million new shares in the deposito
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Asia shares sputter as earnings loom, oil weighed by supply
SYDNEY, July 6 : Asian share markets sputtered on Monday as caution took hold ahead of a crucial earnings season for the AI sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-Iran pea
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