Business & Economy: 8 of 10
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141.
+22
Vice and BuzzFeed were meant to be the future of news. What happened?
After Rupert Murdoch invested tens of millions of pounds in his digital publishing company in 2013, Shane Smith, boss of Vice Media, laughed at how much old media companies wanted his sexy young business. Acknowledging that they were being left behind, they would offer billions: “And we keep saying ‘no, no, no’”.
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142.
+18
Gambling ads should be banned within three years to tackle addiction crisis, parliamentary committee says
Committee chair Peta Murphy says Australians are among the biggest gambling losers anywhere in the world, and previous attempts to regulate gambling advertising have failed to address the problem.
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143.
+22
‘We are losing money’: companies in Apple’s repair program say they can’t compete with tech giant
Companies in Apple’s third-party repair program say delays in the process and high pricing for parts make it almost impossible to compete with the juggernaut. In 2021 Apple, under pressure from a Productivity Commission review on the “right to repair”, launched its independent repair provider program in Australia. It was trumpeted as a way for small companies to compete with Apple to repair their products – such as the iPhone – using Apple tools and spare parts.
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144.
+20
Cleopatra: Egypt jurists seek $2bn from Netflix
Netflix's docudrama Queen Cleopatra depicted the Ptolemaic queen as a black African woman, causing much controversy in Egypt. Now a team of jurists want to sue Netflix for $2 billion in compensation.
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145.
+22
Vietnam is going all-in on a climate-change resistant coffee bean
As climate change imperils the much-loved but vulnerable arabica coffee plant, Vietnam is going all in on more robust robusta.
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146.
+28
The SCO vs. Linux Saga: 20 Years of Open-Source Turmoil
This lawsuit was once seen as a huge threat to Linux. It's mostly over now--seriously, there's still one lawsuit to go--but here's my take on the case's long history.
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147.
+24
Apple still in need of Korea-made displays despite production push
US tech giant Apple will likely continue its reliance on Korean-made displays, although it has been making a “sweeping effort” to develop its own components for more direct control over its designs, a report showed Tuesday. According to a report released by the Institute for Information & Communications Technology Promotion, Apple is expanding its use of in-house components such as chips and displays in its flagship iPhones as part of a strategy to maintain its dominance in the market.
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148.
+22
Amazon may prioritize items in search results depending on how close it is to you and how quickly it can be delivered
Amazon doubled its warehouse footprint over the last several years, allowing the company to prioritize faster regional shipping across the US.
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149.
+16
Inflation cooled significantly in June, bringing price hikes close to normal levels
The inflation data arrives as the Federal Reserve weighs another rate hike.
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150.
+23
Inside big beef’s climate messaging machine: confuse, defend and downplay
A Masters of Beef Advocacy program teaches ‘scientific sounding’ arguments on cattle’s sustainability in an all-out public relations war
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151.
+17
These Billionaires Sold The Most Stock So Far In 2023
Twenty-one of the world’s richest people, including Larry Ellison and Rob Walton, have unloaded shares worth more than $9 billion combined in the first half of this year.
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152.
+29
The US Copyright Office says you can’t copyright Midjourney AI-generated images
The images in this comic book are “not of human authorship”
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153.
+28
CRTC launches review of wholesale network rates, reduces some to boost telecom competition
The regulator says “its current approach is not meeting its objective of encouraging more competition in the Internet services market”.
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154.
+19
Twitch apologises as streamers leave after adverts row
Twitch has apologised, after a backlash over new advertising rules. The Amazon-owned livestreaming service had said it would restrict the size and type of ads used by streamers who create content on Twitch. This would have substantially reduced the ways in which streamers generate income on the platform.
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155.
+29
Google asks some employees to share desks amid office downsizing
is asking cloud employees and partners to share their desks and alternate days with their desk mates starting next quarter, citing “real estate efficiency,” CNBC has learned. The new desk-sharing model will apply to Google Cloud’s five largest U.S. locations — Kirkland, Washington; New York City; San Francisco; Seattle; and Sunnyvale, California — and is happening so the company “can continue to invest in Cloud’s growth,” according to an internal FAQ recently shared with cloud employees and viewed by CNBC. Some buildings will be vacated as a result, the document noted.
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156.
+21
Foxconn commits $500 million to set up new manufacturing unit in India
Apple’s largest contract manufacturer Foxconn, or Hon Hai Precision Industry Co, has committed to investing $500 million in setting up a new manufacturing unit in the Indian state of Telangana. “Demonstrating the ‘Telangana Speed’, I am happy to announce the groundbreaking of first of Foxconn’s plants in Telangana at Kongar Kalaan today. With an investment of over $500M it shall create 25,000 direct jobs in first Phase,” Telangana’s IT minister KT Rama Rao said in a tweet.
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157.
+28
Ford patents car that can repossess itself and drive back to showroom
Ford has been granted a patent for a system that allows a car to repossess itself if its owner fails to keep up with payments. The firm envisions the car driving itself back to the showroom – or to a scrapyard if the value of the car is low. But a security expert warns that the proposed system could instead be used to steal cars remotely.
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158.
+30
Apple Pay to Launch in South Korea This Year Following Regulator Approval
After years of discussions with local authorities, Apple Pay in South Korea has been approved by the financial regulator, paving the way for the mobile payment system to launch in the first half of this year (via The Korea Herald). The FSC emphasized that credit card firms should not transfer fees arising from the use of Apple Pay to customers or shops, while calling for measures to ensure customer protection from such risks as the theft of personal information.
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159.
+21
Helion announces world’s first fusion energy purchase agreement with Microsoft
Helion Energy (Helion) today announced an agreement to provide Microsoft electricity from its first fusion power plant. Constellation will serve as the power marketer and will manage transmission for the project. The plant is expected to be online by 2028 and will target power generation of 50 MW or greater after a 1-year ramp up period.
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160.
+17
Ryan Murphy Set to Leave Netflix for Disney
The mega-producer will reunite with Dana Walden at the Mouse House.