Tag: fast
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Yen heads for biggest weekly drop since May despite Tokyo’s support pledges
July 24 : The yen was on course for its steepest weekly decline since May on Friday, capping a turbulent stretch that has sent the currency to new 40-year lows versus the dollar despite Japan’s pledges to stabilise the currency.Verbal efforts to support the yen have had limited effect, and some analysts belie
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Australia forward Volpato tests positive for cocaine: reports
MELBOURNE, July 24 : Australia forward Cristian Volpato tested positive for cocaine during a roadside test after being stopped for speeding in Sydney on Friday, local media reported.New South Wales Police said a 22-year-old man was stopped for speeding twice and drug-tested after driving a BMW at 109 kph (68
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Volkswagen profit plunges as carmaker weighs mass job cuts
FRANKFURT: Volkswagen said Friday (Jul 24) that its net profit plunged in the second quarter as the crisis-hit carmaker, weighing up to 100,000 job cuts worldwide, grapples with increasing competition in and from China.Net profit for the three months to the end of June came in at 1.54 billion euros (US$1.75 b
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India’s HCLTech to set up $1.48 billion AI data center along with domestic startup
July 24 : India’s HCLTech said on Friday it would invest 142.57 billion rupees ($1.48 billion) to set up its first AI data centre in the eastern state of Odisha in partnership with homegrown startup Sarvam AI.The investment will include financial support from the Odisha government, the company said.Las
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Wise tumbles after US declines national trust bank application
July 24 : London-listed shares of Wise fell 10 per cent on Friday after the money transfer group said its application to create a national trust bank in the United States was denied by regulators, amid major changes in financial policy.The U.S. Office of the Comptroller of the Currency denied Wise’s applicati
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Asian stocks sink, bonds struggle as oil spike stokes rate risks
SYDNEY, July 24 : Asian shares sank on Friday as a near 40 per cent rise in oil prices this month due to the intensifying conflict in the Gulf revived inflation fears, rattling bond markets and stoking rate hike expectations globally. European bourses, however, are headed for a steady open after losses a day
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India’s Coforge secures over $230 million AI transformation contract with European client
July 24 : India’s Coforge said on Friday it had secured a five-year contract worth more than $230 million with a major European client, without naming the customer, for an AI-led business transformation program.Here are the details:• The IT services company said the engagement, one of its largest AI-
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Bishop gets maiden West Indies call-up for Pakistan test series, McKenzie recalled
July 24 : West Indies gave left-arm spinner Joshua Bishop his maiden call-up and recalled Kirk McKenzie for the two-test home series against Pakistan beginning on Saturday.Bishop has been the most successful bowler across the past three West Indies Championship seasons, which put the 26-year-old in line for h
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A-League Women needs more investment to bring Matildas home, says Kerr
July 24 : A-League Women needs greater investment to entice more Matildas to return home, Australia striker Sam Kerr said, adding that many of the country’s leading players would consider returning if the competition offered the right professional environment.The 32-year-old, who moved to the U.S. when she jo
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India’s Sooryavanshi draws confidence from maiden fifty
July 24 : Harare continues to be a happy hunting ground for Vaibhav Sooryavanshi, but India’s batting sensation is not taking success for granted after producing another match-winning knock at the venue in the first Twenty20 International against Zimbabwe.The 15-year-old, fast-tracked into international crick
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