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Israel's Quantum Machines partners with Alice & Bob in Paris quantum lab

Israel's Quantum Machines partners with Alice & Bob in Paris quantum lab

Yahoo08-05-2025
JERUSALEM (Reuters) -Israeli startup Quantum Machines said on Thursday it would partner with French tech startup Alice & Bob in an advanced quantum computing laboratory in Paris.
Alice & Bob is building the $50 million lab and Quantum Machines, whose hardware and software platform aims to accelerate the realization of practical quantum computers, will equip the lab along with Bluefors, a maker of cryogenic measurement systems in quantum technology.
The new lab will enable Alice & Bob's next-generation quantum chip series - Lithium, Beryllium and Graphene. This development hub will be funded by the company's recent $103 million private funding round.
Alice & Bob was founded in 2020 and specialises in the field of quantum computing. Quantum Machines said in February it had raised $170 million in mid-stage funding.
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Dollar braces for busy week of geopolitics and Fed speak
Dollar braces for busy week of geopolitics and Fed speak

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Dollar braces for busy week of geopolitics and Fed speak

By Rae Wee SINGAPORE (Reuters) -The dollar dithered on Monday ahead of a key meeting between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, while investors also looked ahead to the Federal Reserve's Jackson Hole symposium for more policy clues. Currency moves were largely subdued in the early Asia session, though the dollar steadied after last week's fall as traders further pared back bets of a jumbo Fed cut next month. The euro was little changed at $1.1705, while sterling edged up 0.07% to $1.3557. Against a basket of currencies, the dollar advanced slightly to 97.85, after losing 0.4% last week. Markets are now pricing in an 84% chance the Fed would ease rates by a quarter point next month, down from 98% last week, after a raft of data including a jump in U.S. wholesale prices last month and a solid increase in July's retail sales figures dimmed the prospect of an oversized 50-basis-point cut. "While the data don't all point in the same direction, the U.S. economy looks to be in okay shape in the third quarter," said Bill Adams, chief economist at Comerica Bank. "The Fed is likely to cut interest rates by year-end, either in September, when markets now price in a cut, or a few months later, when Comerica forecasts a cut." The main event for investors on Monday is a meeting between Trump and Zelenskiy, who will be joined by some European leaders, as Washington presses Ukraine to accept a quick peace deal to end Europe's deadliest war in 80 years. Trump is leaning on Zelenskiy to strike an agreement after he met Kremlin chief Vladimir Putin in Alaska and emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first. Also key for markets this week will be the Kansas City Federal Reserve's August 21-23 Jackson Hole symposium, where Fed Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework. "I think (Powell) will also talk about the current economic conditions in the U.S., and that will be more policy relevant, that will be more interesting to markets," said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia. "Given market pricing is very high for a rate cut in September, I think the risk is that Powell is hawkish, or is perceived to be hawkish, if he gives a balanced view of the U.S. economy." In other currencies, the dollar rose 0.11% against the yen to 147.34, after falling roughly 0.4% last week. Japan's government on Friday brushed aside rare and explicit comments from U.S. Treasury Secretary Scott Bessent who said the Bank of Japan was "behind the curve" on policy, which appeared to be aimed at pressuring the country's central bank into raising interest rates. The Australian dollar was up 0.1% at $0.65145, while the New Zealand dollar rose 0.15% to $0.5934, after falling 0.5% last week. Sign in to access your portfolio

Qantas fined $58 million over illegally sacking 1,800 workers during pandemic
Qantas fined $58 million over illegally sacking 1,800 workers during pandemic

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Qantas fined $58 million over illegally sacking 1,800 workers during pandemic

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U.S. LNG: Record Exports, Rising Prices, and a Looming Problem
U.S. LNG: Record Exports, Rising Prices, and a Looming Problem

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U.S. LNG: Record Exports, Rising Prices, and a Looming Problem

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According to industry insiders, this would cost two to four times as much as building the carriers in South Korea or China. By Irina Slav for More Top Reads From this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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