Tag: fast
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FICO cuts workforce by 15% as part of AI-driven restructuring
Oct 6 : Credit-scoring giant Fair Isaac, known as FICO, said on Tuesday it would trim about 15 per cent of its workforce as part of a broader restructuring and AI integration, becoming the latest US company to cut jobs as businesses automate tasks and redirect spending toward the technology.”This simplified s
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BOJ’s dovish dissenter signals support for future rate hikes
TOKYO, Oct 7 : The Bank of Japan’s new policymaker Ayano Sato said she supports the idea of raising interest rates in several stages, Kyodo news agency reported on Wednesday, highlighting awareness even among dovish board members of the need to combat inflation risks.Appointed by Prime Minister Sanae Takaichi
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SpaceX seeks $40 billion to buy Nvidia chips, FT reports
Oct 6 : SpaceX is seeking to raise $40 billion in a financing effort led by asset manager Apollo Global Management to purchase Nvidia chips, the Financial Times reported on Tuesday, citing people familiar with the matter.The Elon Musk-led company is seeking to raise about $10 billion in bank loans and $30 bil
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Teammates and fans bid emotional farewell to Messi ahead of Argentina finale
Oct 6 : From former and current team mates to tearful fans outside the Monumental stadium, tributes poured in for Argentine great Lionel Messi on Tuesday as the country prepared to bid farewell to their captain in his final international appearance.Brazil’s Neymar, Messi’s former Barcelona and Paris St Germai
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IMF reaches staff-level deal with Papua New Guinea, potentially unlocking about $189 million
Oct 6 : The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Papua New Guinea on reviews of its funding facilities, potentially unlocking up to $189 million once approved by the fund’s executive board.• IMF staff and Papua New Guinea reached a staff-level agreement on
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Samsung’s Q3 profit seen jumping nine-fold, but chip margins may be flat
SEOUL, Oct 7 : Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI demand, though analysts have cut forecasts by nearly 8 per cent since the end of August.Despite moderating gains in the prices of memory chips and a strengthening South Korea
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Japan manufacturers’ mood hits near 5-year high, service-sector sentiment slumps: Reuters poll
TOKYO, Oct 7 : Business confidence at big Japanese manufacturers rose in October to its highest level in nearly five years, helped by robust chip demand, but sentiment among non-manufacturers deteriorated sharply amid rising costs, a Reuters monthly poll showed.The Reuters Tankan sentiment index for manufactu
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Bellingham hails Kane as England’s greatest after milestone appearance
LONDON, Oct 6 : Jude Bellingham hailed teammate Harry Kane as England’s greatest-ever player after the captain marked his record-equalling 125th appearance by scoring two goals and creating another in Tuesday’s 3-0 Nations League win over the Czech Republic.Kane drew level with former goalkeeper Peter Shilton
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US stocks hit fresh records as oil stabilises on rising supplies
NEW YORK: Stock markets firmed Tuesday with the Nasdaq and S&P 500 hitting record highs in the United States, as oil prices retreated on easing supply worries, which helped temper concerns about rising government borrowing costs.On Wall Street, the technology-focused Nasdaq index advan
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Spain rally to beat Croatia, Kane shines for England in Nations League
Oct 6 : World champions Spain recovered to beat Croatia 2-1 on Tuesday, with Mikel Merino scoring twice to extend their unbeaten run to 42 matches and seal a place in the Nations League quarter-finals on the final night of the fourth round of group-stage action.England eased to a 3-0 victory over the Czech Re
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