Tag: fast
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UEFA demands answers from FIFA over Infantino presidency – reports
Oct 20 : UEFA has sent a letter to FIFA seeking answers about Gianni Infantino’s presidency, including questions over the FIFA Forward Enterprise (FFE) project and the FIFA Peace Prize, by November 2, British media reported on Monday.UEFA has led calls for Infantino to resign since he proposed the now-abandon
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Shares stumble, oil rises as investors await AI sector earnings
TOKYO, Oct 20 : Asian stocks retreated broadly on Tuesday while oil prices rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The euro recouped some losses from the previous session that were spurred by escalating riots in France. Crude prices resumed their climb
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Coach of England’s test team should be English, says New Zealander Fleming
Oct 20 : Stephen Fleming is the fifth foreign coach to take charge of England’s test team but the New Zealander hopes his successors will be English and says he will seek to develop home-grown coaching talent during his tenure.Fleming was appointed in July to replace compatriot Brendon McCullum, with Australi
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Singapore tech giant Sea plans IPO for financial services arm Monee, memo says
The memo said the tech group would also launch an AI-first enterprise platform named Sea Cloud.
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OVHcloud meets 2026 targets, posts first positive cash flow since IPO
Oct 20 : French cloud operator OVHcloud said on Tuesday its revenue rose 7.2 per cent to €1.15 billion ($1.29 billion) in the year to August 31, and that it posted its first positive levered free cash flow since its 2021 listing. The milestone means the French group now covers its heavy capital spending fr
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ABB says data centre business booming, Q3 figures in line with forecasts
ZURICH, Oct 20 : ABB is continuing to see a boom in spending on data centres used to power artificial intelligence, the engineering group said on Tuesday, as it reported its latest earnings. The Swiss company said its operational earnings before interest, tax and amortisation jumped 24 per cent to $2.03 billi
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Brent crude holds near five-month high on Middle East tension
Oct 20 : Oil prices advanced on Tuesday, with Brent hovering around a five-month high as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf. Brent crude futures climbed 55 cents, or 0.50 per cent, to $110.10 a barrel by 0319 GMT,
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How safe havens stack up as tech, energy and France fears grip markets
LONDON, Oct 20 : Demand for safe-haven assets is strong as AI jitters hurt tech stocks, the Iran war continues and keeps energy prices elevated, while worries about high government debt loads persist. Yet traditional safe havens have not performed as well as expected this year: Gold sold off after the start o
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Software upgrades eat nearly a third of companies’ IT budgets, survey finds
Oct 20 : Large US and British companies spend 28 per cent of their software budgets on average to pay for vendor-driven upgrades, migration and licensing changes they would not have actively chosen, adding avoidable costs and operational risks in the race to adopt AI solutions, a survey by software maintenance pr
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Asian shares tumble, oil rises as markets await AI sector results
TOKYO, Oct 20 : Asian stocks retreated broadly on Tuesday while oil rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The dollar held firm against the euro as riots in France fuelled demand for safe-haven assets. Crude prices resumed their climb as markets weighe
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