BUSINESS

LinkedIn was ordered to bring its processing into compliance with the EU’s strict General Data Protection Regulation, launched in 2018 to protect European consumers from personal data breaches

Ireland Fines LinkedIn 310 Mn Euros Over EU Data Breach

An Irish regulator helping to police European Union data privacy said Thursday it had fined professional networking platform LinkedIn 310 million euros ($335 million) over breaching users' personal data for targeted advertising.
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Bullion hit a fresh record high on geopolitical tensions as traders keep track of developments in the Middle East

Asian Markets Mixed As Traders Digest China Rate Cut

Asian markets started the week on a mixed note Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical concerns.
7-Eleven 'konbini' are a one-stop shop in Japan for everything from rice balls to concert tickets to photocopies

Couche-Tard Executives In Japan To Push 7-Eleven Deal

Executives from Canada's Alimentation Couche-Tard are in Japan in a bid to overcome resistance to their $47-billion takeover of 7-Eleven's parent but are being given the cold shoulder, according to interviews published Thursday.
Amazon has signed three agreements to support the development of Small Modular Reactors (SMRs)

Amazon Bets On Nuclear Power To Fuel AI Ambitions

Amazon announced significant investments in nuclear energy on Wednesday, joining other tech giants in aiming to meet the high electric power demands of artificial intelligence using atomic energy.
Elon Musk's X gave a rebuttal to the EU, arguing it was not big enough to face the new bloc's curbs

Musk's X Escapes Tough EU Competition Rules

Tech billionaire Elon Musk's X platform will not face the EU's stringent competition rules aimed at keeping digital markets open, the European Commission said on Wednesday.
Crude prices dropped after a report said Israeli Prime Minister Benjamin Netanyahu had pledged not to hit Iran's oil infrastructure in retaliation for a missile strike on his country

Oil Prices Tumble On Easing Middle East Fears

Oil prices tumbled more than five percent Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he would not strike Iran's crude or nuclear facilities.
Shortly after the strike started last month, Boeing Co. workers and supporters set up a striking station outside the manufacturing facility in Renton, Washington

Boeing Suspends Negotiations With Striking Workers

Boeing on Tuesday suspended negotiations with its striking workers as it accused the International Association of Machinists and Aerospace Workers (IAM) of making unreasonable demands and withdrew its offer.
An agreement between the International Longshoremen's Assocation (ILA) and the United States Maritime Alliance (USMX) extended operations at US ports until January 15, 2025, ending a three-day strike

US Dockworkers To Head Back To Work After Tentative Deal

US dockworkers will return to work after a three-day strike at East and Gulf Coast ports after the union and port operators reached a tentative deal on pay and extended the current contract to January 15, both sides said Thursday.
Data from payroll firm ADP showed private sector employment rising in September by a higher-than-expected 143,000 jobs

US Private Sector Adds More Jobs Than Expected In September: ADP

US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data released Wednesday by payroll firm ADP. ADP data showed private sector employment rose by 143,000 jobs, significantly higher than the 120,000 figure that a consensus by Briefing.com expected.
The annual rate of inflation for the 20-country eurozone was the lowest since April 2021

Eurozone Inflation Falls Under 2% For First Time Since 2021

The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut.

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