Tag: fast
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Goldman sees US data center growth intact despite opposition
Oct 5 : Rising political opposition to US data centers has limited near-term impact on their rapid expansion, Goldman Sachs said, with its growth outlook through 2027 remaining largely intact.Goldman raised its 2026 year-end US data center capacity forecast by 5 gigawatts(GW) to 64 GW, while reducing its 2027
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Euro at 17-month low, dollar near pre-Liberation Day highs
Oct 5 : The euro slid to a 17-month low against the dollar on Monday as concerns about France’s ability to rein in its budget deficit and a sharp bond market sell-off last week stirred fears of a return of sovereign debt crisis dynamics in the euro zone.French government bonds have come under pressure as…
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France’s Schneider Electric confirms $22.6 billion deal to buy US software firm PTC
Oct 5 : France’s Schneider Electric said on Monday it had agreed to buy PTC in an all-cash deal valuing the US software company’s equity at around $22.6 billion, confirming reports from Sunday.The $205-per-share offer implies an enterprise value of $23.7 billion for Boston-based PTC and represents a 42.3 p
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Beijing park’s holiday caterpillar hunt targets ‘forest food monster’
Some people have been spending their holiday hunting for fall webworm larvae, an invasive species the Beijing Wildlife Park has dubbed “the forest food monster”.
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Deutsche Telekom sees €2.5 billion in savings from AI, automation by 2030
Oct 5 : Deutsche Telekom said on Monday it expected to save around €2.5 billion ($2.8 billion) in indirect costs by 2030 compared to 2023, as the German telecommunications group expands its use of AI and automation.”AI detects peak traffic on the cellular network earlier, supports customer service represen
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Exclusive-Cost pressures and deadlock force Honda to rework India strategy, sources say
MUMBAI/TOKYO, Oct 5 : Honda Motor aims to cut costs by as much as a fifth and halve development times under its new partnership in India with Tata Technologies, according to two people familiar with the matter, as pressure from rivals forces the Japanese automaker to rethink its go-it-alone approach.Reeling
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India’s IT stocks gain as Accenture outlook lifts sector sentiment
Oct 5 : India’s Nifty IT Index rose roughly 1.6 per cent on Monday after IT services firm Accenture forecast stronger-than-expected annual revenue growth, lifting sentiment toward the sector and easing concerns that AI-driven disruption could dent technology spending.Accenture’s results, often viewed as a bel
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England boss Tuchel says Scott can challenge Rice for midfield spot
Oct 5 : England manager Thomas Tuchel said Declan Rice faces competition for his midfield spot after Alex Scott delivered an impressive performance on his first international start in Saturday’s 7-0 thrashing of Croatia.With Rice having withdrawn from the squad, Bournemouth’s Scott featured in midfield alongs
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New Zealand’s Bracewell shifts to casual contract, eyes BBL opportunity
Oct 5 : New Zealand all-rounder Michael Bracewell will move to a casual contract for the 2026-27 season as he pursues an opportunity in Australia’s Big Bash League, the country’s cricket board (NZC) said on Monday.Bracewell, who has played 105 times for New Zealand across all three formats, will feature in th
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BOJ says AI boom may have eased financial conditions, warns of market risks
TOKYO, Oct 5 : Bank of Japan Deputy Governor Shinichi Uchida said the global AI boom may have eased financial conditions by stoking demand and boosting asset prices, but warned of the risk of a market pullback if expected profits fail to materialize.”It is a big positive demand shock, which has put upward pre
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