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CNA Economy Full text
Sept 29 : AT&T on Tuesday said it had signed a multi-year deal worth more than $3 billion with Corning to procure fiber and cable, as the telecom giant expands its network to meet surging demand for data.Corning shares rose 3.3 per cent in…
CNA Economy Full text
TOKI, Japan, Sept 29 : Japanese startup Helical Fusion expects to begin preliminary power-on tests at its demonstration fusion reactor in 2027, it said on Tuesday, a step towards its goal of becoming a global leader in commercial nuclear…
CNA Economy Full text
BEIJING: China unveiled measures on Tuesday (Sep 29) designed to steer cheaper credit into a range of sectors including infrastructure and technology, as well as expanding support for home buyers, in a fresh bid to shore up its slowing…
CNA Economy Full text
DHAKA, Sept 29 : Bangladesh is looking to buy 10 aircraft from France's Airbus for Biman Bangladesh Airlines, a minister said on Tuesday, as the government pushes ahead with plans to expand the national carrier's fleet days after signing a…
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AVENCHES, Switzerland: Archaeologists are redrawing Roman maps of Switzerland after traces of long-buried ruins emerged as the country endured the hottest summer on record.Drought can reveal hidden archaeological sites through "parch…
CNA Economy Full text
Sept 29 : EliseAI said on Tuesday it was valued at $4 billion following its latest funding round, which nearly doubled the housing and healthcare-focused AI company's valuation from a year ago.The $350-million funding round was led by…
CNA Economy Full text
Sept 29 : Meta Platforms is expanding its AI agent Muse to small businesses, adding integrations with tools such as Shopify, QuickBooks, Stripe and Canva to help owners run their businesses and find new customers, as the Facebook-parent…
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Sept 29 : Smart ring maker Oura on Tuesday postponed its US initial public offering, the latest high-profile IPO hopeful to shelve its plans as volatile markets dampen investor appetite for new listings.After a strong start to the year…
CNA Economy Full text
Sept 29 : Oura has delayed its US initial public offering, the smart ring maker said on Tuesday, citing market uncertainty and denting hopes for a pickup in the traditionally strong fall listings window.The US IPO market has hit a bump…
CNA Economy Full text
LOS ANGELES, Sept 29 : UPS on Tuesday said it had inked an exclusive deal to provide no-box, no-label returns for the fast-growing TikTok Shop network of US sellers as it competes with rivals like FedEx to provide specialized services that…
CNA Economy Full text
NEW YORK, Sept 29 : Anthropic said it expects to spend at least $518 billion over a decade building AI infrastructure with six partners, according to a confidential IPO prospectus seen by Reuters — a plan that ranks among the largest AI…
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Sept 29 : HSBC has acquired loans worth HK$11 billion ($1.4 billion) from fully owned subsidiary Hang Seng Bank, as Hong Kong’s biggest banking group seeks to shore up the unit's balance sheet following investor concerns during the…
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Sept 29 : Tesla said on Tuesday that its supervised Full Self-Driving system has been approved in Croatia, with a rollout across the country expected to begin soon, joining a growing list of European countries that have approved the…
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Sept 29 : A US auto regulator said on Tuesday it had closed a defect petition covering 806,963 Honda Odyssey vehicles in the United States over allegations of inadvertent airbag deployments while the vehicles were in motion.The National…
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PARIS, Sept 29 : The European Union should use the proceeds of the billions of euros in fines imposed on Google to reduce the contribution of member states to the EU budget, France's Europe Minister Benjamin Haddad said on Tuesday.• "This…
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BRUSSELS, Sept 29 : Alphabet's Google has challenged two EU orders to help AI rivals such as OpenAI access its services and search engine competitors to access its search data, saying these would undermine privacy safeguards and cause…
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Sept 29 : Australian electronics components maker Codan on Tuesday forecast a sharp rise in first-half profit and higher revenue for its communications division, sending its shares to a record high.The company now expects group net profit…
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Sept 29 : Tata group shares fell on Tuesday after the controlling charities proposed a restructuring of the holding company to prevent a central-bank-mandated listing, disappointing some investors.A group of Tata charities collectively…
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Sept 29 : Shares of Tata group companies fell on Tuesday after Tata Trusts proposed a restructuring of the holding company in a bid to sidestep a central bank requirement for the conglomerate to list its shares. Tata Motors Passenger…
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HONG KONG: Asian stocks mostly fell and oil prices extended gains as hopes for a reopening of the Strait of Hormuz fade amid expectations that the Federal Reserve will hike interest rates again next month.Hopes for an easing of Middle East…
CNA Economy Full text
HONG KONG: Asian stocks mostly fell and oil prices extended gains on Tuesday (Sep 29) as hopes for a reopening of the Strait of Hormuz fade amid expectations the Federal Reserve will hike interest rates aga
CNA Economy Full text
NEW YORK, Sept 29 : The dollar rose to 16-month highs against the euro and Swiss franc on Tuesday as investors positioned for economic data that could offer clues on the Federal Reserve's interest rate-hiking cycle, and with Treasury…
CNA Economy Full text
(Corrects verb tense in headline)By Jiaxing LiHONG KONG, Sept 29 : The dollar hovered near a two-month high on Tuesday as volatile oil prices and a rapid climb in Treasury yields lent support, although gains were limited as traders awaited…
CNA Economy Full text
HONG KONG, Sept 29 : Shares of fast-fashion retailer Shein dropped more than 6 per cent on Tuesday after it reported a 67 per cent fall in quarterly profit, fuelling investor concerns over margin pressure and slowing growth. Jefferies…
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