Tag: fast
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Analysis:AI hopes and fears dominate global central bank meet
SINTRA, Portugal, July 1 : Seeping into just about every conversation at this week’s meeting of the world’s top central bankers was one big unknown: how artificial intelligence will impact the world economy and therefore their mandate to ensure financial stability.The consensus of those discussions at the ECB
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Germany’s DFB soccer association HQ searched in 2024 Euros ticket probe
BERLIN, July 1 : German investigators have carried out nationwide searches, including at the offices of the DFB soccer association, as part of a probe into suspected ticket and hospitality violations at the 2024 European Championship, officials said on Wednesday. The raids were prompted by investigations into
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Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages
STOCKHOLM, July 1 : A Swedish court on Wednesday ordered Alphabet’s Google to pay about $1.5 billion in antitrust damages to PriceRunner, the price comparison business owned by payments platform Klarna.The award, equivalent to around 14.3 billion Swedish crowns, comes amid growing scrutiny of U.S. Big Tech co
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Meta building cloud business to sell excess AI capacity, Bloomberg News reports
July 1 : Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday, as tech giants seek returns on costly AI investments amid worries about overspending.The plans are still in development and it’s possible the strategy could change, the report sai
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FIFA says World Cup sees 13-fold surge in online abuse, 11% racially motivated
MIAMI, July 1 : FIFA’s digital watchdogs uncovered 89,000 abusive posts on social media during the group stage of the World Cup, marking a 13-fold increase from the 2022 edition in Qatar, world soccer[s governing body said on Wednesday.The alarming spike was recorded after FIFA’s Social Media Protection Servi
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Fans warned of severe heat in Toronto for Portugal-Croatia game
TORONTO, July 1 : Fans heading to watch Portugal play Croatia in the World Cup round of 32 in Toronto on Thursday are being warned to keep hydrated and limit their alcohol intake after a heat warning issued by Environment Canada. “Don’t wait till you’re thirsty, keep drinking water through the day, try to mod
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Sony to end discs for new PlayStation releases as gaming shifts online
July 1 : Sony said on Wednesday it will stop producing physical discs for all new games released on PlayStation consoles from January 2028, marking a full shift to digital distribution as consumer purchases continue to move online.Digital downloads accounted for about 80 per cent of Sony’s full-game software
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Chelsea sign defender Palestra from Atalanta
July 1 : Chelsea have signed right-back Marco Palestra from Italian Serie A club Atalanta until 2033, the Premier League club announced on Wednesday.The Italian international becomes the first signing of the season for the London club’s new manager Xabi Alonso in a deal worth about 47 million pounds ($62.24 m
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World stocks pause after rally as focus turns to Warsh
MILAN, July 1 : World stocks edged lower on the first day of the third quarter on Wednesday after a strong rally, as investors awaited remarks from Fed Chair Kevin Warsh, while softer euro zone inflation cooled bets on further interest rate hikes.Oil prices stayed near pre-war levels as investors weighed sign
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Dollar bulls gain ground even as most FX strategists still expect weakness: Reuters poll
BENGALURU, July 1 : The U.S. dollar’s recent rebound will fade in coming months as cooling oil prices temper inflation fears and Federal Reserve rate hike bets, a majority of FX strategists said in a Reuters poll, though a sizable minority say the strength is here to stay. A brief respite from the U.S.-Isra
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