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Netflix co-CEO Sarandos says 'we could do better' after weak forecast

LOS ANGELES, Oct 20 : Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of…

Netflix co-CEO Sarandos says 'we could do better' after weak forecast

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Netflix issues weak fourth-quarter forecast, shares drop

LOS ANGELES, Oct 20 : Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of…

Netflix issues weak fourth-quarter forecast, shares drop

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At least 17 data center campuses proposed on US public lands, group says

Oct 20 : At least 35 data center-related applications covering more than 24,000 acres of US federal land are pending or active across six Western states, according to an analysis by conservation group Center for Western Priorities.• US…

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SpaceX investors, ahead of results, press Musk on Tesla merger

Oct 20 : SpaceX shareholders want to know when the rocket maker will merge with Tesla, bringing together two of Elon Musk's biggest companies in a union that investors have long speculated about."When will SpaceX merge with Tesla?" was the…

SpaceX investors, ahead of results, press Musk on Tesla merger

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German regulator fines Nomura over Commerzbank disclosure breaches

Oct 20 : German financial regulator Bafin said on Tuesday it had fined Japanese investment firm Nomura Holdings €320,000 ($359,000) for failing to disclose voting rights in Commerzbank as UniCredit built its stake in the German lender.•…

German regulator fines Nomura over Commerzbank disclosure breaches

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Meta tells Brazil court it treats Lula and Bolsonaro campaigns equally

BRASILIA, Oct 20 : Meta Platforms, owner of Facebook, Instagram and WhatsApp, told Brazil's Superior Electoral Court on Tuesday that it has adopted measures to ensure equal treatment of President Luiz Inacio Lula da Silva's and Senator…

Meta tells Brazil court it treats Lula and Bolsonaro campaigns equally

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Meta's global affairs officer Joel Kaplan to leave company after 15 years

Oct 20 : Meta Platforms' chief global affairs officer Joel Kaplan will leave the company next year after 15 years there, a spokesperson told Reuters on Tuesday.President and Vice Chairman Dina Powell McCormick will add external affairs to…

Meta's global affairs officer Joel Kaplan to leave company after 15 years

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AI startup ASI valued at $3 billion in latest funding round

Oct 20 : Artificial intelligence startup ASI said on Tuesday it had raised $325 million in a funding round valuing the company at $3 billion, amid growing investor appetite for AI software used in real-world applications.Here are more…

AI startup ASI valued at $3 billion in latest funding round

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Genetic study shows seafarers from Easter Island settled Hawaii

Oct 20 : It was a difficult, almost incomprehensible, feat. A band of seafarers from Easter Island in the South Pacific set off in double-hulled sailing canoes on a voyage across Earth's largest ocean that ended more than 4,400 miles…

Genetic study shows seafarers from Easter Island settled Hawaii

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Euro steadies as French protests ease; pound and yen firm

LONDON, Oct 20 : The euro steadied on Tuesday as unrest in France eased overnight, though higher bond yields capped gains, and the pound rose after British jobs data showed signs of a recovery in the labour market.The yen also jumped…

Euro steadies as French protests ease; pound and yen firm

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Bank of Japan may raise inflation forecast, stand pat on rates, sources say

TOKYO, Oct 20 : The Bank of Japan may raise its inflation outlook for the next fiscal year in forecasts due this month, as rising oil prices exert longer-than-expected price pressures on the economy, four sources familiar with the central…

Bank of Japan may raise inflation forecast, stand pat on rates, sources say

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ABB says data centre business booming, Q3 figures in line with forecasts

ZURICH, Oct 20 : ABB said on Tuesday a boom in spending on data centres used to power artificial intelligence helped push its quarterly orders to a record, as the Swiss engineering group announced a $495 million investment to expand in…

ABB says data centre business booming, Q3 figures in line with forecasts

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OVHcloud meets 2026 targets, posts first positive cash flow since IPO

Oct 20 : French cloud operator OVHcloud reported its first positive levered free cash flow since its 2021 listing on Tuesday, as its revenue grew 7.2 per cent to €1.15 billion ($1.29 billion) in the financial year through August.The…

OVHcloud meets 2026 targets, posts first positive cash flow since IPO

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3M expands Amazon data center partnership, shares gain

Oct 19 : Industrial conglomerate 3M said on Monday it was expanding its commercial relationship with Amazon and had issued a warrant to an Amazon subsidiary, allowing it the right to buy 3M common stock worth over $521 million.Shares of 3M…

3M expands Amazon data center partnership, shares gain

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Former Google CEO Schmidt owns 1% stake in Anthropic, Bloomberg reports

Oct 19 : Former Google CEO Eric Schmidt owns about 1 per cent of Anthropic, positioning him for one of the largest individual windfalls when the AI startup goes public, Bloomberg News reported on Monday.• Schmidt invested tens of millions…

Former Google CEO Schmidt owns 1% stake in Anthropic, Bloomberg reports

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Japan launches mission to return samples from Mars moon

MINAMITANE, Japan, Oct 20 : Japan launched an uncrewed spacecraft toward the Martian moon Phobos on Tuesday on a mission intended to become the first to collect samples from the small rocky body and return them to Earth for analysis.The…

Japan launches mission to return samples from Mars moon

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Germany's Merz urges AI investment ahead of Nvidia deal

BERLIN/FRANKFURT, Oct 19 : Chancellor Friedrich Merz appealed to Germany's businesses to embrace artificial intelligence at an industry summit in Berlin on Monday that was meant to attract investment, including an expected deal with US…

Germany's Merz urges AI investment ahead of Nvidia deal
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