Tag: fast
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Financial regulators scramble to counter AI rise with own tools
ZURICH, June 26 : Banks and financial sector watchdogs must move quickly to adopt new technology to plug system vulnerabilities as AI supercharges cybersecurity risks, a top Swiss financial regulator said in an interview. Here are a few details: • Marlene Amstad, president of Swiss market regulator
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Isak scolds Elanga for confusion over Sweden’s second round qualification
June 26 : Anthony Elanga’s equaliser helped Sweden qualify for the World Cup’s round of 32 following a 1-1 draw with Japan, but while his teammates were celebrating the result, the striker collapsed on the ground in frustration thinking they had not qualified.Sweden finished a point below second-placed Japan
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Williams to face Australia’s Joint in Wimbledon comeback
LONDON, June 26 : American great Serena Williams will face Australia’s Maya Joint in the first round of her Wimbledon comeback.The seven-time Wimbledon champion will be playing at the tournament for the first time since 2022 having recently returned to the Tour.Williams, 44, has not played a competitiv
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Swatch claiming $170 million in damages against Samsung over trademark infringement, FT reports
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages in a lawsuit against Samsung in which it claims the South Korean electronics giant allowed digital clones of Swatch watches on Samsung smartwatches, the Financial Times reported on Friday citing court documents.A British judge is expected to
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Russell rebalance could add to SpaceX volatility
June 26 : Even by SpaceX standards, Friday is shaping up as an eventful trading session as investment funds tracking Russell indexes prepare to add billions of dollars’ worth of Elon Musk’s internet and rocket company to their holdings.After a blockbuster initial public offering this month, SpaceX’s stock has
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Stocks slip as Apple price hikes fan tech jitters, oil slides
LONDON/SYDNEY, June 26 : Global stocks slipped on Friday after Apple price hikes fuelled wider concerns over the inflationary impact of spending by tech giants, while oil prices dropped towards their lowest in four months despite difficulties reopening the Strait of Hormuz.Apple fell 6 per cent on Thursday af
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Airbus and Kawasaki Heavy to cooperate on Japanese variant of Eurodrone
TOKYO, June 26 : Airbus has signed a preliminary agreement with Japan’s Kawasaki Heavy Industries to cooperate on a possible Japanese variant of a European defence drone, the aerospace company said on Friday.The proposed arrangement in the memorandum of understanding, first reported by the Nikkei business dai
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Resilient dollar takes a step back, markets still wary of yen intervention risk
LONDON, June 26 : The dollar was a touch softer against other major currencies on Friday as fresh economic data and Federal Reserve comments led markets to pare rate-hike bets, allowing the yen — trading in an intervention danger zone — to find firmer ground.The greenback was still poised to end the week
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Tech weakness sends weekly global equity fund inflows sharply lower
June 26 : Global equity fund inflows slowed sharply in the week to June 24, as concerns over debt-funded technology spending and a hawkish stance of the U.S. Federal Reserve cooled risk appetite.Investors purchased a net $7.51 billion worth of global equity funds during the week, down about 86 per cent from n
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France’s statistics department reports cyberattack on staff data
PARIS, June 26 : France’s national statistics department Insee said a cyberattack had led to a breach of personal data from its directory, affecting about 12,800 current and former staff and members of Insee-related civil service corps.Insee said the breach involved identities and professional contact details
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