Tag: fast
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IBM buys HRL Laboratories in shift to two-track quantum computing strategy
SAN FRANCISCO, July 23 : IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors, the company said on Thursday, adding a second pillar to IBM’s quantum computing efforts.IBM has been racing against Alphabet’s Google, Microsoft and others t
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Southampton to host men’s Ashes test for first time in 2027
LONDON, July 23 : Southampton’s Utilita Bowl will host a men’s Ashes test for the first time next year with the men’s and women’s series against Australia again running concurrently, the England and Wales Cricket Board (ECB) announced on Thursday.Trent Bridge will host the first men’s test, starting on June 1
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Tesla’s once-bullish tone on robotaxis shifts
LOS ANGELES, July 23 : A year ago, Tesla CEO Elon Musk said the company’s robotaxi network would expand at a “hyper-exponential rate” and be available to half the population of the U.S. by the end of 2025.On Wednesday’s earnings call, Musk and his executive team struck a more guarded tone as they fielded anal
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Cryptocurrency exchange BitMEX to shut down
July 23 : Cryptocurrency exchange BitMEX said on Thursday that it will shut down its operations, effective September 23, and said that users’ assets remained safe and under their control. The owner and operator of BitMEX, HDR Global Trading, made the decision as part of a strategic review of the business, th
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Dollar hits fresh 40-year high versus yen, edges down against euro
July 23 : The dollar edged lower against the euro ahead of the European Central Bank’s policy meeting on Thursday and reached a fresh 40-year high versus the yen, as investors remained focused on the escalating conflict in the Middle East.Oil prices rose for a fifth day on Thursday amid attacks on tankers in
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STMicroelectronics profit misses estimates, shares fall 14%
July 23 : STMicroelectronics reported second-quarter core profit below market expectations and forecast third-quarter revenue slightly below analyst estimates on Thursday, sending its shares down 14 per cent.The results disappointed investors betting on a faster recovery at the Franco-Italian chipmaker after
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Thailand works on $700 million EV plan to replace 80,000 vehicles
BANGKOK, July 23 : Thailand is reviewing a 24 billion baht ($714 million) plan to help replace up to 80,000 ageing transport vehicles with EVs and evaluating whether it should be extended to cover all electric vehicle purchases as part of its energy-transition efforts. The replacement of tens of thousands of
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Ride-hailing platforms extend temporary fuel surcharge on rides until Sep 30
Fuel prices in Singapore have remained elevated since the war on Iran started in late February.
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Kiss to keep Wallabies door open to overseas players in search of winning formula
MELBOURNE, July 23 : Australia coach Les Kiss will “look far and wide” for talent and not hesitate to select overseas-based players if they give the Wallabies the best chance of winning, signalling a pragmatic approach as he begins his tenure in the buildup to the World Cup.Kiss named his first Wallabies squa
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Besi orders more than double as AI and hybrid bonding tech drive demand
July 23 : BE Semiconductor Industries (Besi) on Thursday reported quarterly orders significantly above last year’s level, fuelled by strong demand for AI, hybrid bonding, photonics and data centres.Investors are betting on rising demand for Besi’s hybrid bonding solutions, a chip-packaging technology that ena
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