Business News
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China's Alibaba targets $100B in AI and cloud revenue over 5 years
China’s Alibaba Group has pledged on Thursday a goal of surpassing $100 billion in revenue from its artificial intelligence and cloud businesses over the next five years, which it says would be powered by the AI demand boom
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The Strait of Hormuz has a long history of disruption
The U.S. and Israel’s war with Iran has thrust the Strait of Hormuz into the crosshairs of yet another geopolitical conflict
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Freddie Mac says the average rate on a 30-year mortgage rose to 6.22% this week, its highest level in more than 3 months
Freddie Mac says the average rate on a 30-year mortgage rose to 6.22% this week, its highest level in more than 3 months
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American Airlines and Google say AI helped airplanes reduce contrails that trap heat
American Airlines and Google said Thursday that they significantly reduced the climate impact of some of the airline’s flights using an AI-based forecasting tool to help prevent contrails
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Israeli minister says electricity grid in the north has been damaged as media show fire near Haifa refinery
Israeli minister says electricity grid in the north has been damaged as media show fire near Haifa refinery
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Lebanon's health ministry says over 1,000 people have been killed in war between Israel and Hezbollah
Lebanon's health ministry says over 1,000 people have been killed in war between Israel and Hezbollah
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The Israeli military says it has struck Iranian targets in the Caspian Sea for the first time
The Israeli military says it has struck Iranian targets in the Caspian Sea for the first time
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China's Hubei province arrests 7, shuts websites in fentanyl crackdown
A Chinese province has intensified a crackdown on fentanyl precursor trafficking, an issue that strained U.S.-China relations and prompted tariffs on imports from China
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European Central Bank holds rates unchanged as energy shock from Iran war causes massive uncertainty
The European Central Bank left its key interest rates unchanged Thursday and warned that the Iran war would boost inflation in the short term through higher energy prices but that the long-term impact on consumer prices and the economy was uncertain
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Michael Bambang Hartono, tobacco tycoon and Indonesia's richest man, dies at 86
Indonesia’s richest man, Michael Bambang Hartono, has died at the age of 86
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