Business News this Week

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AVer Powers Hybrid Collaboration with Versatile 4K Matrix Switchers Built for BYOM Environments

2 days ago | businessnewsthisweek.com | Rekha Nair

Taipei, Taiwan – June 3, 2025: AVer Information Inc., an award-winning provider of AI audio-video solutions, today announced the arrival of two new 4K BYOM (Bring Your Own Meeting) Matrix Switchers: the AVer HUB35-EXT35 and the AVer HUB30. The primary distinction between the two models lies in their scalability for room size, with the HUB35-EXT35 catering to larger spaces.
A Hidden Gem in the Verdant

2 days ago | businessnewsthisweek.com | Rekha Nair

June 3, 2025: Tucked quietly into the rolling landscape of Verdant Hills, Vermont, Alpine Village feels like something out of a storybook. Wooden chalets framed by wildflowers, the scent of pine in the air, and distant bells from a hilltop chapel — it’s the kind of place that invites you to slow down, breathe deep, and reconnect with what really matters. For travelers seeking a peaceful retreat far from crowded tourist circuits, Alpine Village offers an authentic and soul-stirring experience.
Cygnett’s Northeast Expansion Continues with Itanagar Addition, Targets 600 Keys

2 days ago | businessnewsthisweek.com | Rekha Nair

New Delhi, June 3, 2025: Cygnett Hotels & Resorts, one of India’s fastest-growing hospitality chains, has announced the signing of its newest property, Cygnett Park Itanagar, in the capital city of Arunachal Pradesh. The strategically located property, just 800 meters away from the Donyi Polo, Arunachal Pradesh Airport, will mark Cygnett’s second hotel in Itanagar and is scheduled to open less than two years from now.
LuminX Raises USD 5.5M to Bring Vision Language Models to Edge-Powered Warehouses

2 days ago | businessnewsthisweek.com | Rekha Nair

San Francisco, CA – June 3, 2025 – LuminX, an AI-driven company pioneering cutting-edge inventory automation and visibility, announced today the closure of its $5.5 million seed funding round. This initial funding will accelerate the development and deployment of its solutions for the logistics and warehousing industry. The seed round was supported by a multitude of investors, including 1Sharpe, GTMFund, 9Yards, Chingona Ventures, and the Bond Fund.
From Conflict to Compassion: Divided Homeland Inspires Author to Build Bridges Through Stories of Love

2 days ago | businessnewsthisweek.com | Rekha Nair

NEW YORK, June 3, 2025 — Jerusalem-born author and entrepreneur Michael Weiss grew up immersed in an environment where conflict was common, but today, he chooses to focus on universal aspects of the human experience that transcend borders, cultures and languages.
Navigating Alzheimer’s: Gerontologist Steps In to Help Families Cope With Growing Crisis

2 days ago | businessnewsthisweek.com | Rekha Nair

COLUMBIA, S.C., June 3, 2025 — The physical, emotional and financial burden of Alzheimer’s and dementia on individuals and their caregivers cannot be overstated, says gerontologist and licensed social worker Dr. Macie P. Smith. And according to the latest statistics from the Alzheimer’s Association, that burden is growing — and growing fast. “The latest statistics reveal that about 1 in 9 people 65 years of age and older has Alzheimer’s,” Smith said.
Cyngn Unveils New Dealer Portal to Accelerate Nationwide Network Growth

2 days ago | businessnewsthisweek.com | Rekha Nair

MENLO PARK, Calif., June 3, 2025 – Cyngn (the “Company” or “Cyngn”) (Nasdaq: CYN) today announced the launch of the Cyngn Dealer Portal, an online resource hub created to support its growing dealer network. The portal provides easy access to a comprehensive suite of Cyngn assets, including sales materials, detailed pricing information, and co-marketing resources.
Saudi Arabia Accelerates Industry 4.0 With New Advanced Manufacturing and AI Hub

2 days ago | businessnewsthisweek.com | Rekha Nair

Saudi Arabia, Riyadh, June 3, 2025: The global industrial sector is witnessing a huge shift with the adoption of Fourth Industrial Revolution (4IR) technologies. This is prompting countries to reconsider traditional manufacturing methodologies and adopt smart manufacturing solutions, including automation, artificial intelligence, robotics, and data-driven systems, to increase production efficiency and reduce operational costs.
Euro Rises Against US Dollar Amid Trade Jitters

2 days ago | businessnewsthisweek.com | Rekha Nair

By Frank Walbaum, Market Analyst, NagaThe euro gained ground against the US Dollar on Monday, benefiting from renewed pressure on the greenback following President Trump’s announcement of a 50% tariff hike on steel and aluminum imports. However, the single currency faced headwinds against the yen and the British pound, highlighting that its strength was largely driven by dollar-specific factors rather than broad-based euro optimism.
US Dollar Weakened as Trade Tensions Returned to the Spotlight

2 days ago | businessnewsthisweek.com | Rekha Nair

By Hani Abuagla, Senior Market Analyst, XTB MENAThe US Dollar started June on the back foot as renewed trade tensions weighed on investor sentiment. The decline erased last week’s gains and marked a cautious start to the month for currency markets. The move followed President Donald Trump’s announcement of a steep increase in tariffs on steel and aluminum imports to 50%, effective June 4.

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