Month: July 2024
Here’s why China was largely unaffected by Friday’s IT outage
BEIJING — While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected. The issue traced back to a software update by Texas-based cybersecurity company CrowdStrike, which generates more than half its revenue from the United States. The company’s […]
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Trump faces a tighter race with Kamala Harris set to replace Biden, experts say
US Vice President Kamala Harris holds a campaign event that is her seventh visit to North Carolina this year and 15th trip to the state since taking office in Fayetteville NC, United States on July 18, 2024. Peter Zay | Anadolu | Getty Images President Joe Biden’s endorsement of Vice President Kamala Harris as the […]
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Democrats rally behind Kamala Harris after Biden drops out; running-mate speculation swirls
Harris issues fundraising call U.S. Vice President Kamala Harris has issued a fundraising call after confirming she will run in the fall presidential campaign, following White House leader Joe Biden’s withdrawal. Biden has endorsed Harris, who must still receive the official Democrat nomination. “I am honored to have the President’s endorsement and my intention is […]
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India’s domestic travel is ‘way above’ pre-Covid levels: Indian Hotels Company
Puneet Chhatwal, CEO and managing director of Indian Hotels Company, discusses the company’s business outlook. Source
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CNBC Daily Open: Biden drops out, endorses Harris
Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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Banyan Group executive chairman discusses outlook for the travel sector in Asia
Ho Kwon Ping of Banyan Group discusses the company’s expansion plans. Source
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Delta flight cancellations from IT outage persist through the weekend, CEO apologizes
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Delta Air Lines CEO Ed Bastian […]
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Markets could unwind the ‘Trump trade’ after Biden drops out of presidential race
The letter in which U.S. President Joe Biden announced his withdrawal from candidacy is being displayed on a mobile phone screen in front of a computer screen displaying a photo of President Biden and US Vice President Kamala Harris, on July 21, 2024 in Ankara, Turkiye. Anadolu | Anadolu | Getty Images The “Trump trade” […]
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Autonomous AI workers that talk to each other will arrive in 2025, Capgemini predicts
Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | Getty Images Artificial intelligence-powered agents will be able to work together and solve tasks in a so-called “multi-agent AI” system by 2025, according to technology services giant Capgemini. Such a system would entail a collection of agents that work together to solve tasks […]
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China surprises with cuts to key rates to support weak economy
The People’s Bank of China building in Beijing, China, on Dec. 15, 2022. Bloomberg | Bloomberg | Getty Images China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world’s second-largest economy. The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every […]
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