By Paul Sandle LONDON (Reuters) -Britain could gain 400 billion pounds ($533 billion) from AI-driven growth if it trained its workforce, Google said, after a pilot scheme in the UK showed workers could save more than 120 hours a year by using AI in administrative tasks. Simple steps such as giving workers permission to use …
Workers could save 122 hours a year by adopting AI in admin tasks, says Google Read More »
By Aatrayee Chatterjee and Amy-Jo Crowley (Reuters) -British meal delivery company Deliveroo said on Friday it received a proposal from U.S. peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion). Deliveroo announced that its board has reviewed DoorDash’s proposal of 180 pence per share and would likely …
UK’s Deliveroo gets $3.6 billion buyout proposal from DoorDash Read More »
BRUSSELS (Reuters) -The European Union’s economy commissioner Valdis Dombrovskis said on Friday he had held a ‘cordial and candid’ meeting with United States Treasury Secretary Scott Bessent, and reiterated the EU wanted a mutually agreeable deal regarding U.S. tariffs. “We compared notes on the impact of U.S. tariffs. The EU is willing to reach mutually …
EU’s Dombrovskis says he held ‘cordial and candid’ meeting with Scott Bessent Read More »
By Zaheer Kachwala and Kanchana Chakravarty (Reuters) -Intel’s shares fell more than 8% on Friday as the company’s weak revenue and profit forecasts overshadowed new CEO Lip-Bu Tan’s strategy to revitalise the embattled chipmaker. Years of bad decisions have left the struggling American chipmaking icon trailing in the lucrative artificial intelligence industry, while a raging …
Intel shares fall as dour forecasts overshadow CEO’s turnaround promises Read More »
By Shadia Nasralla LONDON (Reuters) -Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and create separate units for upstream and downstream activities to improve accountability, a source familiar with the situation said on Friday. Elliott holds a stake of a little more than 5% in BP, placing the investor …
Elliott wants BP to change structure, oust strategy chief, source says Read More »
LONDON (Reuters) -Britain’s regulators have failed to drive sufficient investment in the water sector, a budget watchdog said in a report on Friday, highlighting their role in causing an environmental crisis in the industry. Water companies in England and Wales are at the centre of a public backlash over rising bills after ageing pipes and …
UK water crisis: regulators partly to blame says budget watchdog Read More »
PARIS (Reuters) -France’s Europlasma said on Friday its offer for a foundry in Brittany, formerly owned by automaker Renault, had been accepted by a court overseeing the insolvent plant, and that it would diversify production into the defence sector and other industries. WHY IT’S IMPORTANT The decision comes as Europe scrambles to ramp up production …
French munitions firm Europlasma to take over former Renault foundry Read More »
By Pooja Menon (Reuters) -LyondellBasell on Friday missed Wall Street expectations for quarterly profit, due to maintenance downtime and lower volumes in its largest segment supplying raw materials to the automotive, construction and electronics industries. Chemical companies have been struggling due to slumping demand and rising raw material costs, especially in Europe. A rigorous regulatory …
Chemical maker LyondellBasell misses quarterly profit estimates on weak volumes Read More »
(Reuters) -British stocks rose on Friday, propelling the FTSE 100 to its longest winning streak in eight years, as markets responded positively to signs of easing tensions in the U.S.-China trade dispute. The blue-chip FTSE 100 index added 0.09%, extending its winning streak to 10 consecutive sessions and securing its second straight week of gains. …
UK’s FTSE 100 marks longest winning streak in eight years Read More »
By Andrea Shalal WASHINGTON (Reuters) -The European Union will do all it can to engage with the U.S. on trade and reduce the massive uncertainty that is weighing down the global economy, Irish Finance Minister Paschal Donohoe said on Friday, underscoring unity among the bloc’s members. “What we are trying to do in our engagement …
