BUSINESS

Deep Sea Mining Opponents Hope To Score Regulatory Win

A handout image made available by the National Oceanography Centre shows a carnivorous sponge, Axoniderma mexicana, photographed during a recent expedition to the NE Pacific abyss and found in the Clarion-Clipperton Zone (CCZ)
Opponents of deep sea mining hope to take a potentially significant step toward an international moratorium on Friday, as the sector's top international authority considers what could snowball into a key regulatory text.
US Vice President Kamala Harris said she was 'honored' to be named the Democratic presidential nominee

Harris Secures Democratic Presidential Nomination

US Vice President Kamala Harris effectively secured the Democratic party's presidential nomination Friday, confirming her remarkable rise to party standard bearer in November's showdown against Republican Donald Trump.
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While Amazon's AWS cloud computing unit is investing in an AI-infused future, the tech titan is still under pressure to rake in money from online retail and ads

AI And Cloud In Spotlight As Big Tech Earnings Roll Out

US tech giants saw their shares fluctuate this week as investors tried to gauge whether artificial intelligence will fill coffers or drain them. Apple and Amazon on Thursday were the latest titans to see quarterly earnings scrutinized over how their core businesses are doing and whether cloud and AI strategies are paying off.
Meta-owned Instagram was blocked in Turkey on Friday following accusations it censorship

Turkey Blocks Access To Instagram

Turkey on Friday blocked access to the Instagram social media network, the national communications authority said without explanation, following censorship accusations against the US company by a high-ranking Turkish official.
Atos provides real-time results at the Paris Olympics

Olympics Tech Partner Atos Posts Huge Loss

Debt-strapped French tech giant Atos, a key Olympics partner, on Thursday posted a 1.9-billion-euro ($2.1 billion) loss for the first half of the year due to a depreciation of assets and the end of contracts in the Americas.
The BoE hiked borrowing costs 14 times between late 2021 and the second half of last year

Bank Of England To Finally Cut Interest Rate?

The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.

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