Tag: fast
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X recovers after outage affects thousands globally, Downdetector shows
Elon Musk’s X was largely back up after thousands of users reported issues with the social media platform globally on Monday (Jun 22), according to Downdetector.com.The outage began around 9am ET (9pm Singapore time), peaking at over 25,000 issues being reported in the US before cooling to about 620 reports,
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Malago takes helm of Italian football after third World Cup qualification failure
ROME, June 22 : Giovanni Malago was elected president of the Italian Football Federation on Monday, tasked with restoring the four-time world champions to the sport’s elite following their failure to qualify for a third consecutive World Cup.Malago, a 67-year-old businessman and former futsal player, defeated
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US House committee reaches bipartisan agreement on youth social media rules
WASHINGTON, June 22 : The U.S. House Energy and Commerce Committee reached a bipartisan agreement on regulating youth social media use, the committee’s leaders said in a statement on Monday. Republican Committee Chairman Brett Guthrie and top committee Democrat Frank Pallone did not release details about the
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EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits
June 22 : EV maker Lucid Group said on Monday it would cut about 18 per cent of its U.S. workforce and announced COO Marc Winterhoff had left the company, in a major shake-up aimed at boosting profitability amid growing competition.The layoffs will affect Lucid’s full-time employees, contractors and hourly pr
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Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
June 22 : Indian fintech firm CRED said on Monday it will raise about $900 million from Meta Platforms at a post-money valuation of $4.5 billion, as it seeks to accelerate growth and prepare for an eventual stock market listing.
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Meta’s WhatsApp to be led by Indian startup founder Kunal Shah
BANGALORE, June 22 – Indian fintech firm CRED’s founder Kunal Shah will become Meta-owned WhatsApp’s new leader, the messaging app’s current head Will Cathcart said on Monday in a post on X. The announcement comes after CRED announced it will raise about $900 million from Meta.
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Vondrousova gets four-year ban for refusing anti-doping test
June 22 : Former Wimbledon women’s champion Marketa Vondrousova has been handed a four-year suspension for refusing an anti-doping test in December, the International Tennis Integrity Agency (ITIA) said on Monday.”Vondrousova … did not submit a sample when notified by a Doping Control Officer (DCO) during a
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Stocks steady, oil falls as Iran peace talks progress
SYDNEY/LONDON, June 22 : European stocks and U.S. futures steadied while oil prices dipped on Monday after mediators said progress had been made in U.S.-Iran peace talks, helping calm fears the fragile process to end the war was breaking down.Meanwhile, the pound and UK bonds rose after Prime Minister Keir St
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Bank of England softens stablecoin rules in final policy draft
LONDON, June 22 : The Bank of England on Monday eased proposed stablecoin rules following widespread concern they risked stifling development of a nascent sterling-backed market, though some in the industry said the changes fell short of enabling an internationally competitive sector. The BoE, which is final
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Oaktree-backed ITG targets $2.7 billion valuation in US IPO
June 22 : Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining a string of issuers rushing to capitalize on AI-driven demand and benefit from a busy summer IPO window.The post-SpaceX IPO market has remained busy as companies rush to seize the str
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