Tag: fast
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Maersk, Hateco sign non-binding agreement on rail freight terminals in Vietnam
HANOI, Oct 20 : APM Terminals, the ports arm of Denmark’s A.P. Moller-Maersk, and Vietnam’s Hateco Group signed a non-binding agreement to study the development and operation of railway freight terminals in northern Vietnam, the Vietnamese government said on Tuesday.• The agreement was signed in the presenc
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Euro steadies as French protests ease; pound and yen firm
LONDON, Oct 20 : The euro steadied on Tuesday as unrest in France eased overnight, though higher bond yields capped gains, and the pound rose after British jobs data showed signs of a recovery in the labour market.The yen also jumped, snapping a two-day decline, after an auction of longer-dated Japanese bonds
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Apple commits up to $100 million for US titanium in domestic manufacturing push
Oct 20 : Apple said on Tuesday it has committed to purchasing up to $100 million of titanium over three years from a Pennsylvania-based company as part of the iPhone maker’s push to expand manufacturing in the United States.The purchase agreement with Perryman Company, part of Apple’s American Manufacturing P
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AI worries weigh on ABB shares despite record orders
ZURICH, Oct 20 : ABB dropped nearly 6 per cent on Tuesday as market nervousness about the sustainability of investments in artificial intelligence weighed on the Swiss engineering company, which is a major supplier to data centres.Record new orders and an increase in its full-year sales guidance failed to app
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Britain seeks to break Apple’s grip on contactless payments
LONDON, Oct 20 : Britain’s competition regulator said on Tuesday it was seeking to loosen Apple’s grip on contactless payments by proposing that the company lower fees and remove technical barriers, helping rival services compete with Apple Pay.The Competition and Markets Authority said its proposals would re
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Meta’s AI spending, Muse assistant adoption in focus for quarterly results
Oct 20 : Meta’s massive artificial intelligence outlays and adoption of its Muse personal assistant will be in focus when it reports third-quarter results on Wednesday, as the social media firm seeks to show that its AI investments can sustain growth.The company has rolled out several AI products and services
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Germany’s far-right AfD investigates publication of emails stolen in cyberattack
BERLIN, Oct 20 : Germany’s far-right Alternative for Germany (AfD) said on Tuesday that it was investigating the online publication of emails stolen by unknown hackers during a cyberattack last month.An AfD spokesperson said hackers had targeted a hosting service provider used by the party and apparently copi
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Hasbro raises annual revenue forecast on strong demand for digital games
Oct 20 : Hasbro raised annual revenue forecast on Tuesday, betting on strong demand for its digital games, including “Magic: The Gathering”, ahead of the crucial holiday season.The Play-Doh maker has posted consecutive gains in its digital gaming segment over the past seven quarters, while an increase in sale
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Exclusive-Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows
Oct 20 : Qualcomm will cut jobs globally in a “performance-focused reduction” following its annual employee reviews, CEO Cristiano Amon told staff in a memo on Monday reviewed by Reuters, with notifications set to begin in November.The cuts are part of an effort to build “a stronger performance culture” and a
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Shares slide again as oil stays high; AI earnings in focus
Oct 20 : European shares fell for the second straight day on Tuesday, as another rise in crude oil prices kept risk sentiment in check, while investor focus honed in on results from key AI bellwether companies later this week. The pan-European STOXX 600 dipped 0.6 per cent after dropping close to 1 per cent
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