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Britain, South Korea reach data sharing agreement

Britain, South Korea reach data sharing agreement LONDON, July 5 (Reuters) – Britain has reached an agreement with South Korea that will allow businesses to share data with fewer restrictions and no contractual safeguards, the government said on Tuesday. The in-principle deal marks Britain’s first independent data adequacy agreement with ...

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Gold drops over 2% in selloff sparked by strong dollar

Gold drops over 2% in selloff sparked by strong dollar Gold lost more than 2% on Tuesday to sink further below the $1,800 support level as a sharp rally in the dollar and rising interest rates sapped appetite for the non-yielding asset. Spot gold was last trading down 2.3% at $1,767.55 ...

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Oil jumps, clawing back some of its recent declines

Oil jumps, clawing back some of its recent declines Oil prices rose on Thursday, despites fears of a potential global recession spurring concerns about oil demand. Brent crude futures added $4.13, or 4.1%, to trade at $104.82 per barrel after tumbling to a session low of $98.50 earlier. WTI crude futures added $4.61, ...

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Apple opens up third-party app payments

Apple opens up third-party app payments Apple said on Thursday that developers with iPhone apps distributed exclusively in the South Korean App Store can request to use third-party payment systems instead of Apple’s in-app offering. But doing so will come at a cost. Apple will require apps that take advantage of the ...

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Samsung held an event in the metaverse

Samsung held an event Samsung held a launch event for its new Galaxy smartphones in a metaverse this week but many people struggled to gain access as they encountered technical difficulties. The South Korean tech giant hosted the event Wednesday on Decentraland, a cryptocurrency-focused virtual world that users can create, explore and trade in. ...

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Renewable energy vs. fossil fuels

Renewable energy vs. fossil fuels? It’s a false choice, says John Doerr As Russia’s war in Ukraine led to a spike in oil prices, energy shortages in Europe, and fears that the natural gas situation will get worse, there’s been a mounting backlash against renewable energy and the idea the ...

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Jobless claims edge up to highest since January

Jobless claims edge up to highest since January; planned layoffs soar Weekly jobless claims nudged higher while the U.S. trade deficit hit its lowest level of the year in May as Covid-related shutdowns gripped China, according to economic data released Thursday. Initial filings for unemployment benefits totaled 235,000 for the week ...

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Samsung’s ‘better than feared’ earnings spur chip stock rally

Samsung’s ‘better than feared’ earnings spur chip stock rally Samsung shares rose on Thursday, dragging Asian chipmakers higher after the South Korean technology giant posted “better than feared” earnings guidance for the second quarter. The numbers assuaged investors’ concerns about rising inflation, deteriorating consumer demand and higher material costs for semiconductor ...

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