Tag: fast
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Samsung explores potential US listing via ADRs, Bloomberg News reports
July 14 : Samsung Electronics Co. is in the early stages of exploring a potential offering of American Depositary Receipts (ADRs), Bloomberg News reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. Samsung declined to comment.Samsung has held
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Subaru to recall over 541,000 US vehicles over incorrect label
July 14 : Subaru is recalling 541,237 vehicles in the U.S. because they were manufactured with an incorrect Gross Axle Weight Rating (GAWR) on the certification label, the U.S. National Highway Traffic Safety Administration said on Tuesday.
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Sacked McCullum apologises for England’s test results
July 14 : Sacked England test coach Brendon McCullum apologised for the team’s results during his tenure on Monday, saying he had failed to deliver the success the side wanted.The 44-year-old was appointed in 2022 shortly after Ben Stokes became test captain and oversaw a period of aggressive, attacking crick
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India’s LTM expects AI revenue to outpace traditional services, CEO says
BENGALURU, July 14 : Indian software services firm LTM expects AI revenue to outpace its traditional services business, CEO Venu Lambu told Reuters, betting that enterprises will need IT companies to deploy powerful large language models from firms such as Anthropic and OpenAI.Investor worries that increasing
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SoftBank’s Son says AI will need $5 trillion per year by 2040, dismisses bubble talk
TOKYO, July 14 : The development of AI will require investment of $5 trillion each year by 2040, and any talk of a bubble forming around the technology is “absurd”, SoftBank Group CEO Masayoshi Son said on Tuesday.Over the past two years, the technology investment group has embarked on an expansive investment
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South Korean court suspends FTC designation Coupang founder Kim Bom as controlling entity
SEOUL, July 14 : A South Korean court on Tuesday suspended a Fair Trade Commission (FTC) decision to designate Kim Bom, the founder of U.S.-listed e-commerce firm Coupang, as the group’s controlling entity. The Seoul High Court granted an injunction sought by Coupang and Kim, suspending the designation pendin
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Japan signals chance of pension allocation shift, offers scant details
TOKYO, July 14 : Japanese policymakers on Tuesday flagged the possibility of changes to the asset allocation of the nation’s giant state pension funds, though they offered no clues on the timing or scale of any shift.Finance Minister Satsuki Katayama said Japan may consider adjusting the funds’ asset allocati
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Australia finds serious gaps in Big Tech response to online child sexual abuse
SYDNEY, July 14 : Big Tech companies, including Apple, Meta and Google, have “significant gaps” in tackling child sexual abuse and the growing threat of online sexual extortion, Australia’s internet regulator said on Tuesday.Online platforms are failing to use available technologies that can identify well-kno
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China’s June trade tops forecasts buoyed by AI boom
BEIJING: China’s exports surged in June, buoyed by demand for chips and data centre computing power to fuel the global AI boom, giving policymakers grappling with how to boost domestic demand in the world’s second-largest economy a much-needed buffer.The stronger-than-expected trade performance shows Chinese
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SK Hynix set to benefit as South Korea’s ruling party seeks to ease capital-raising rules
SEOUL, July 14 : South Korea’s ruling party is seeking to make it easier for chipmaker SK Hynix to set up ventures to build factories with outside investors — a move that follows a government push to position the country as an AI powerhouse.Members of President Lee Jae Myung’s Democratic Party of Korea have
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