Tag: fast
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DFI Retail to take over Maxim’s Starbucks-licensed business in seven Asian markets
DFI Retail Group said on Wednesday (Sep 30) its unit will assume Maxim’s Caterers’ existing interests in the Starbucks -licensed business across seven Asian markets, as part of a reorganisation initiative.Maxim’s will pay DFI US$340 million in cash and buy back the 50 per cent stake the latter currently holds
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AI agents tried to hack Canadian government website, research firm says
Sept 30 : AI agents tried to hack into a Canadian government website, an AI research firm said on Wednesday.The agents attempted to access Library and Archives Canada on May 8 and on June 9, AI research firm Transluce said in a blog post.Transluce said it disclosed the attack to the Canadian governmen
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South Korea ordered to pay Elliott $48.49 million in Samsung merger case
SEOUL, Oct 1 : South Korea has been ordered to pay US hedge fund Elliott about $48.49 million plus interest after a tribunal ruled the government’s involvement in the 2015 merger of Samsung C&T and Cheil Industries was causally linked to Elliott’s losses, Seoul’s Justice Ministry said on Thursday.The remand t
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Japan September factory growth slows to 6-month low, PMI shows
TOKYO, Oct 1 : Japan’s manufacturing sector expanded at its weakest pace in six months in September as output and new order growth slowed, a business survey showed on Thursday.• The S&P Global Japan Manufacturing Purchasing Managers’ Index (PMI) eased to 54.1 in September from 54.9 in August, a survey by S&
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South Korea factory growth hits 4-month high as export orders boom, PMI shows
SEOUL, Oct 1 : South Korea’s factory activity grew in September at the strongest pace in four months, as export demand hit the fastest pace in 15-1/2 years led by the chip and auto sectors, a survey showed on Thursday. • The purchasing managers index (PMI), published by S&P Global, stood at 53.9 in Septembe
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Oil prices barely changed as investors assess US-Iran peace talks and Gulf exports
TOKYO, Oct 1 : Oil prices were nearly flat in early Asia trade on Thursday, following the previous day’s gains and steep monthly rises, as investors assessed the outcome of US-Iran peace talks and the outlook for Middle East crude exports.Brent crude futures rose 12 cents or 0.1 per cent, to $98.15 a barrel b
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Malaysia’s Petronas says Songkhla export pipeline temporarily shut after routine check
Oct 1 : Malaysian state energy firm Petronas said on Thursday that Trans Thai-Malaysia (Thailand), its joint venture with Thailand’s PTT, had temporarily shut the Songkhla Export Pipeline after identifying an issue during a routine inspection.The shutdown was a precautionary measure to protect the integrity o
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Swiss glaciers lose more than 5% of ice after record heatwave
LES DIABLERETS, Switzerland: Swiss glaciers are shrinking rapidly after suffering one of their worst years of ice loss during a record-breaking European heatwave.Switzerland’s glaciers lost more than 5 per cent of their ice in 2026, a report by the Swiss Glacier Monitoring Network (GLAMOS) and the Swiss Commi
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Japan business mood improves, tankan survey shows
TOKYO, Oct 1 : Japanese business confidence improved in the three months to September, a quarterly central bank survey showed on Thursday, suggesting the economy was weathering the hit from the Middle East conflict and bolstering the case for more rate hikes.The data will be among factors affecting the Bank o
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South Korea September exports rise 83.5% y/y to monthly record
SEOUL, Oct 1 : South Korea’s exports jumped 83.5 per cent in September from a year earlier to post a record monthly high, customs data showed on Thursday. Semiconductor shipments, fuelled by global spending on artificial intelligence, also set a record.Data released by the customs office on Thursday showed ou
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