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Australia’s Star casino shareholders approve $195 million rescue package

By Scott Murdoch SYDNEY (Reuters) -Star Entertainment Group’s shareholders approved on Wednesday an A$300 million ($195 million) rescue package that will allow the embattled Australian casino group to remain operational, according to a company presentation. The rescue bid is being led by U.S. casino firm Bally’s Corp and the Mathieson family, which is Star’s largest …

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Uber, Waymo launch autonomous ride-hailing service in Atlanta

By David Shepardson (Reuters) -Uber Technologies on Tuesday is beginning autonomous ride-hailing in Atlanta with Alphabet unit Waymo after offering the service in Austin, Texas, since March. The companies, which first announced the plan for the Atlanta service in September 2024, will offer Waymo autonomous vehicles on the Uber app for travel across 65 square …

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Fed’s Schmid says there is time to study tariff effects before rate cuts

By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve has time to study the effect of rising import tariffs on prices and economic growth before deciding on further interest rate cuts, Kansas City Fed President Jeff Schmid said on Tuesday. “The current posture of monetary policy, which has been characterized as ‘wait-and-see,’ is appropriate,” Schmid …

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Brighthouse bidders narrow to TPG, Aquarian in hunt to buy US insurer, sources say

By David French NEW YORK (Reuters) -Brighthouse Financial has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential sale, according to people familiar with the matter. The pair have progressed to the final bidding …

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Wall St ends sharply higher, S&P 500 nears record high as Middle East tensions cool

By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied more than 1% on Tuesday as investors welcomed a fragile truce with Israel and Iran while parsing Federal Reserve Chair Jerome Powell’s congressional testimony for clues regarding the U.S. central bank’s path forward. All three major U.S. stock indexes closed with their second straight session of …

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BlackBerry raises annual revenue forecast on robust demand for cybersecurity services

(Reuters) -Canada’s BlackBerry raised its annual revenue forecast on Tuesday, anticipating steady demand for its cybersecurity services amid growing online crimes, sending the company’s U.S.-listed shares up 6% after the bell. A rise in cybercrimes and hacks has spurred companies to invest heavily in cybersecurity, benefiting firms such as BlackBerry that provide security services. Cybersecurity …

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Australia regulator and YouTube spar over under-16s social media ban

By Byron Kaye SYDNEY (Reuters) -Australia’s internet watchdog and YouTube exchanged barbs on Tuesday after the regulator urged the government to reverse a planned exemption for the Alphabet-owned video-sharing platform from its world-first teen social media ban. The quarrel adds an element of uncertainty to the December rollout of a law being watched by governments …

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Parkland shareholders vote for $9.1 billion acquisition by Sunoco

(Reuters) -Parkland Corp shareholders on Tuesday voted in favor of a $9.1 billion deal to be acquired by U.S.-based Sunoco. The company said 93.46% votes were for the deal. (Reporting by Vallari Srivastava in Bengaluru; Editing by Maju Samuel)

Target explores factory-direct shipping model, Bloomberg News reports

(Reuters) -Target is exploring the delivery of products directly to customers’ homes from factories, similar to the Chinese e-commerce rivals Temu and Shein, Bloomberg News reported on Tuesday, citing people familiar with the matter. The move comes at a time when the big-box retailer, similar to the broader retail industry, struggles with stiff competition, persistent …

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