Tag: fast
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Oil gains after vessel attacks near Strait of Hormuz
July 7 : Oil prices rose on Tuesday as reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route.Brent crude futures gained 89 cents, or 1.24 per cent, to $72.88 a barrel, while U.S. West Texas Intermediate crude rose 71 cents, o
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Bank of England sees growing risks to financial stability from AI
LONDON, July 7 : The Bank of England said on Tuesday that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove a success while the technology increases banks’ vulnerability to cyberattacks.In a half-yearly assessment of risks to Britain’s financial syst
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Japan’s ban on jet fuel exports to Russia includes indirect shipments
TOKYO, July 7 : Japan’s ban on jet fuel exports to Russia includes shipments via third countries or transferred at sea, Japanese Trade Minister Ryosei Akazawa said on Tuesday.Reuters reported on Friday that Russia is poised to import a jet fuel cargo originating from Japan via traders, as Ukrainian attacks on
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Former Afghanistan pace bowler Shapoor Zadran dies aged 38
July 7 : Former Afghanistan fast bowler Shapoor Zadran died on Tuesday, a day short of his 39th birthday, after reportedly undergoing treatment for a rare severe immune system disorder at a New Delhi hospital.”With profound grief and deep sorrow, the Afghanistan Cricket Board mourns the passing of former Afgh
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Real Sociedad extend coach Matarazzo’s contract after cup success
July 7 : Real Sociedad have extended head coach Pellegrino Matarazzo’s contract until the end of the 2027-28 season, the La Liga club said on Tuesday, rewarding the American for leading them to the Copa del Rey title in his first months in charge.That made the 48-year-old, who joined the Basque club in Decemb
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Stocks stumble as tech slides despite Samsung’s record profit; oil rises
LONDON, July 7 : Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.Samsung Electronics forecast a 19-fold jump i
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Nigeria to investigate tech firms over news content use
LAGOS, July 7 : Nigerian President Bola Tinubu has directed the country’s competition regulator to investigate major technology companies over alleged anti-competitive practices and unauthorised use of news content, the Federal Competition and Consumer Protection Commission said late on Monday. The FCCPC
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Former Chelsea boss Rosenior appointed Paris FC manager
July 7 : Paris FC have appointed former Chelsea boss Liam Rosenior as manager on a contract until June 2028, the Ligue 1 club said on Tuesday.The 41-year-old Englishman succeeds Antoine Kombouare, who guided the club to an 11th-placed finish last season.”Liam Rosenior brings together all the qualities
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ECB tells banks to draw up plans against AI attacks amid disruption fears
FRANKFURT, July 7 : The European Central Bank on Tuesday gave euro zone banks four months to draw up plans to counter AI-enabled cyber threats that could undermine confidence in the financial system and disrupt payments. The move reflects mounting concern among regulators about advanced AI models such as A
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Cuba slowly gets power back after third nationwide blackout in six months
HAVANA: Cubans were gradually getting power back on Tuesday (Jul 7) after the third nationwide power outage since the start of the year, causing mounting despair in the face of an energy collapse precipitated by a US fuel blockade.The communist island was already struggling to keep the lights on before US Pre
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