Business
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Record-breaking US crude oil production recovers
The production of crude oil in the United States reached a new all-time high of 13.2 million barrels per day last week. This surpasses the previous record achieved in 2020, prior to the worldwide oil…
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Duke Energy Looking to Recoup Costs from Customers
Duke Energy Florida has projected storm-related expenses amounting to $91.9 million following the impact of Hurricane Idalia in certain regions under its jurisdiction.
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Australia imposes $386,000 fine on Musk’s X platform for deficiencies in child abuse prevention measures.
Australia fines Musk’s X for prevention of child abuse detection and prevention tools
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EU Increases Pressure on X Regarding Unlawful Content following Israel-Hamas Conflict
The European Union is escalating its actions against X, a company owned by Elon Musk. On Thursday, the Commission formally requested additional information from the company, following a public warning issued on Wednesday regarding the…
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Netflix House – Retail Stores Where You can Eat, Play and Shop
Opening in 2025, Netflix House offers a unique blend of entertainment and commerce. This innovative venture allows fans to explore themed spaces, purchase exclusive merchandise, savor culinary delights, and witness live shows. Representing a significant…
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Microsoft Faces Tax Battle: IRS Demands $29 Billion in Back Taxes
Microsoft faces a $28.9 billion tax dispute with the IRS over profit allocations between 2004-2013. The company plans to challenge the claim through administrative and potentially judicial means, marking a significant financial battle.
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Auto industry workers intensify strike, stage walkout at Ford’s primary plant and jeopardizes Stellantis
The labor union, United Auto Workers, has taken decisive action by intensifying its strike against the three major automobile manufacturers in Detroit; Ford’s largest factory has been effectively closed, and there is a growing threat…
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South Carolina nuclear facility – another damaged emergency fuel pipe
Federal authorities have raised concerns regarding a significant safety breach found at a nuclear facility in South Carolina. This comes after the identification of recurring cracks in a backup emergency fuel pipeline
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Samsung’s Profit Plunge: Navigating Challenges in the Semiconductor Market
Samsung’s financial turbulence as the tech giant faces an 80% profit drop in Q3, primarily due to challenges in its semiconductor business. Samsung’s strategic responses, and potential bright spots in other divisions, and what the…