Microsoft wins $10bn Pentagon cloud contract

Microsoft wins $10bn Pentagon cloud contract

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Microsoft has beaten Amazon to win a highly sensitive $10bn US defence contract, following several rounds of bidding, a legal challenge and a last-minute intervention by Donald Trump. The Pentagon announced on Friday that Microsoft had won the so-called Jedi cloud computing contract, which will allow the company to handle large parts of the defence department’s data […]

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General Motors workers approve deal to end strike

General Motors workers approve deal to end strike

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Workers at General Motors’ US plants have approved a new labour deal to end a costly and lengthy strike after fraught negotiations over pay and production plans. In a vote finalised on Friday, members of the United Auto Workers union ratified an agreement that will increase hourly wages and keep open a plant that GM […]

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S&P 500 back in record territory

S&P 500 back in record territory

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The S&P 500 was back in record territory, as a tentative deal in the US-China trade war, and a months-long sell-off in bonds, have lifted investor confidence and spurred a rally in cheap, beaten-up stocks. The equities benchmark was up 0.5 per cent Friday, giving it a shot at finishing above its incumbent record high […]

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© Reuters.  Hyundai to start autonomous sharing ride-sharing service in California

Hyundai to start autonomous sharing ride-sharing service in California By Reuters

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© Reuters. Hyundai to start autonomous sharing ride-sharing service in California (Reuters) – Hyundai Motor Co will offer autonomous ride sharing services in California from next month to study consumer behavior in an autonomous driving environment, the companies involved said on Friday. The South Korean carmaker will team up with Pony.ai, a self-driving start-up, and […]

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