Tag: fast
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AI finance startup Flex doubles valuation to about $1.2 billion, source says
July 14 : Flex, an AI startup pitching itself as a one-stop shop for the banking needs of mid-sized business owners, said it raised $70 million in a round led by Halo Fund, a venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney.The company did not disclose its valuation on…
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Oil hits four-week high as US-Iran conflict escalates
July 14 : Oil prices rose on Tuesday to their highest in four weeks, after the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude rose to its highest since June 12 and WTI to its highest since
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EU approves €659 million in German aid for four chip plants
BERLIN, July 14 : The European Commission on Tuesday approved €659 million ($751 million) in German state aid to support four first-of-a-kind semiconductor facilities in Germany, saying the projects will strengthen the EU’s position and autonomy.”Today’s approval of Germany’s support for four new projects i
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Tower Semiconductor to invest $3 billion in Japan, backed by government grants
July 14 : Israeli chipmaker Tower Semiconductor said on Tuesday it will invest $3 billion to bolster chip manufacturing in Japan, including $1 billion in grants from the Japanese government.U.S.-listed shares of the company rose more than 18 per cent in premarket trading after the announcement, which is expec
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Rahm plans cautious approach in firm conditions at Birkdale
Birkdale, ENGLAND, July 14 – Jon Rahm will resist the temptation to try to overpower sun-baked Royal Birkdale when the 154th Open Championship starts on Thursday.The firm and dry conditions in the northwest of England are set to offer players the chance to hit the ball huge distances but the Spaniard believes
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Brighton sign Croatia defender Vuskovic from Spurs
July 14 : Brighton and Hove Albion have signed Croatia defender Luka Vuskovic from fellow Premier League club Tottenham Hotspur on a five-year contract, both clubs said on Tuesday.• The 19-year-old has joined Brighton on a deal that includes an option for a further year in a transfer that British media repo
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Dollar dips ahead of US inflation data, supported by rate outlook
LONDON, July 14 : The dollar remained in sight of 13-month highs on Tuesday ahead of U.S. inflation data, which will come under extra scrutiny as Middle East tensions boost oil prices, while Federal Reserve Chair Kevin Warsh delivers his first semiannual testimony to Congress.U.S. and Iranian forces traded at
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Samsung Electronics denies report that it is exploring US listing
July 14 : Samsung Electronics denied on Tuesday a report that it was in the early stages of exploring a potential U.S. offering of American Depositary Receipts (ADRs).”Samsung Electronics is not reviewing the possibility of issuing American Depositary Receipts,” a Samsung spokesperson said in a statement.
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Tour de France concussion cases expose limits of roadside checks
AURILLAC, France, July 14 : As happens every year, crashes have punctuated the opening week of the Tour de France, with several incidents highlighting how difficult it remains to manage concussion in a sport where the clock is always ticking.Of the eight riders who have abandoned the Tour since the race began
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ECB picks 36 payment firms for digital euro pilot
FRANKFURT, July 14 : The European Central Bank has picked 36 payment service providers, including some of the euro zone’s biggest financial firms, to join the pilot programme for its digital euro project, it said on Tuesday. The ECB has been working on the digital euro for years, partly to wean the bloc off U
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