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CNA Economy Full text
Sept 28 : US online sales will likely grow 6.7 per cent this holiday season, nearly the same pace as last year, as promotions attract deal-seeking shoppers, Adobe Analytics forecast on Monday.Higher household costs are turning shoppers…
CNA Economy Full text
Sept 28 : Nvidia boosted its share buyback authorization by a record $150 billion, eclipsing Apple's $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to…
CNA Economy Full text
Sept 28 : Nvidia boosted its share buyback authorization by a record $150 billion, eclipsing Apple's $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to…
CNA Economy Full text
ZURICH, Sept 28 : Swiss pharmaceutical giant Roche outlined plans to move towards autonomous AI labs to speed up research and development discovery at its pharma investor day on Monday.Roche is committed to "AI independence" in R&D and has…
CNA Economy Full text
Sept 28 : Donald Trump Jr.-backed Unusual Machines and an unnamed US asset management company have invested $10 million in Canadian drone services firm Draganfly, as defense sector investments gather pace amid persistent geopolitical…
CNA Economy Full text
Sept 28 : Donald Trump Jr.-backed Unusual Machines and an unnamed US asset management company have invested $10 million in Canadian drone services firm Draganfly, as defense sector investments gather pace amid persistent geopolitical…
CNA Economy Full text
WASHINGTON, Sept 28 : Prediction markets are fast becoming alternative venues for traders to wager on US companies like Tesla and Apple, raising concerns about investor protection and market oversight, according to independent data and…
CNA Economy Full text
LONDON, Sept 28 : Britain's Competition Appeal Tribunal allowed part of a revived consumer lawsuit against Apple and Amazon to proceed on Monday over claims they restricted competition.The lawsuit alleges Apple and Amazon agreed in 2018 to…
CNA Economy Full text
LONDON, Sept 28 : Britain's Competition Appeal Tribunal on Monday allowed part of a consumer lawsuit against Apple and Amazon to proceed over claims they restricted competition in the sale of Apple products on Amazon's UK marketplace.The…
CNA Economy Full text
SYDNEY, Sept 28 : Australia's biggest property company on Monday abandoned plans to build a data centre metres from people's homes in the Sydney suburbs after the proposal sparked fierce local opposition.In a letter to the state's planning…
CNA Economy Full text
Sept 28 : The recent pullback in the global AI trade has improved investor positioning, made valuations attractive and could spur a re-engagement, particularly in semiconductor stocks, J.P. Morgan analysts said on Monday.Here are a few…
CNA Economy Full text
SAN FRANCISCO, Sept 28 : Nvidia on Monday made available a set of software safety tools for AI agents that it says would have stopped the hack of Hugging Face, the AI coding hub that Nvidia paid $13 billion for months after it was swarmed…
CNA Economy Full text
TOKYO, Sept 28 : Japan's top currency diplomat Atsushi Mimura said on Monday markets should take at face value the "very clear" message Tokyo and Washington delivered last week on the yen, signalling his resolve to act against excessive…
CNA Economy Full text
Sept 28 : OVHcloud and CGI have won a 30-month European Space Agency contract to build computing infrastructure to store and process Europe's Earth observation satellite data, the companies said on Monday.The award reflects the European…
CNA Economy Full text
Sept 28 : Betting firms Flutter Entertainment and Entain warned on Monday that Brazil's ban on online sports betting and gaming could dent their annual results if upheld, piling pressure on an industry already squeezed by high costs and…
CNA Economy Full text
Sept 28 : Ladbrokes owner Entain cut its online net gaming revenue growth forecast on Monday to 4 per cent to 6 per cent on a constant currency basis after Brazil's move to ban online sports betting and gaming.Brazilian President Luiz…
CNA Economy Full text
If completed, the divestments would represent around one-sixth of the company's existing assets.
CNA Economy Full text
BANGKOK, Sept 28 : Car production in Thailand rose 10.93 per cent in August from a year earlier to 124,646 units, the Federation of Thai Industries said on Monday.• The reading follows a rise of 6.12 per cent in July.• August domestic car…
CNA Economy Full text
BENGALURU, Sept 28 : Indian space startup TakeMe2Space plans to launch what it describes as the country's first orbital computing satellite aboard a SpaceX rocket on October 1, seeking to process data in orbit rather than transmit raw…
CNA Economy Full text
HONG KONG, Sept 28 : Hong Kong's government launched a benchmark-sized, four-year euro green bond in digital form and set final price guidance at 11 basis points above mid-swaps, according to a term sheet on Monday.Here are more details…
CNA Economy Full text
TOKYO, Sept 28 : Many Bank of Japan policymakers saw the need to focus on mounting inflation risks, with some calling for faster interest rate increases, minutes of their July meeting showed, cementing the case for further hikes to…
CNA Economy Full text
NEW YORK/LONDON, Sept 28 : Major stock indexes fell on Monday, as oil edged higher and Treasury yields extended their recent rise ahead of more expected interest-rate hikes from the Federal Reserve in coming months.The Nasdaq led Wall…
CNA Economy Full text
NEW YORK/LONDON, Sept 28 : Major stock indexes fell on Monday, as oil edged higher and Treasury yields extended their recent rise ahead of more expected interest-rate hikes from the Federal Reserve in coming months.The Nasdaq led Wall…
CNA Economy Full text
SYDNEY, Sept 28 : Share markets were mostly lower on Monday as oil prices popped higher again amid doubts the United States and Iran will reach a truce anytime soon, keeping bonds under pressure ahead of a week packed with economic…
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