(Reuters) -Visa has offered Apple roughly $100 million to take over the tech giant’s credit card partnership from Mastercard, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. Visa has made a bold push to secure the Apple Card, offering an upfront payment typically reserved for the largest card programs, WSJ …
By Svea Herbst-Bayliss NEW YORK (Reuters) -Corporate agitators increased pressure on companies globally to perform better by targeting more of them worldwide during the first quarter, with most demands for change directed at U.S. corporations, according to new data from Barclays. Companies including oil major BP and ride-share company Lyft were pushed to make changes …
Activists step up demands on companies globally in Q1, focus on US corporations Read More »
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy’s insurance regulator IVASS needs more details about internal control and governance systems as it reviews domestic leader Generali’s proposed asset management tie-up with French bank BPCE, two sources close to the matter told Reuters. Generali, Europe’s fourth-largest insurer, signed a non-binding accord with BPCE in …
Italy insurance watchdog needs more details of Generali-Natixis deal, sources say Read More »
(Reuters) -Thames Water, Britain’s largest water supplier, said on Tuesday its debt restructuring proposals had secured approval, with over 95% of the outstanding principal amount of the qualifying Class A debt voting in favour. The first tranche of funding is expected to be provided in the first few weeks of April, Thames added. The company …
UK’s Thames Water gains overwhelming approval for debt restructuring proposals Read More »
By Foo Yun Chee and Makini Brice BRUSSELS (Reuters) -Volkswagen, Stellantis, 13 other carmakers and their car association were fined a total of 458 million euros ($495 million) by EU antitrust regulators on Tuesday for taking part in a vehicle recycling cartel. The European Commission, which raided the companies three years ago, said the cartel, …
Volkswagen, Stellantis and other carmakers hit with $495 million EU cartel fine Read More »
(Reuters) – Meta Platforms’ head of artificial intelligence research, Joelle Pineau, plans to leave the company, at a time when the tech giant is aggressively investing and competing in the AI space. Pineau, who has been with the company for eight years and has led Meta’s Fundamental AI Research group (FAIR) since 2023, will depart …
PARIS (Reuters) -Airbus delivered about 70 planes in March, industry sources said on Tuesday, up about 11% from March last year but leaving the European group a steep path towards its 2025 target. The world’s largest planemaker declined to comment ahead of a monthly progress report to be published next week. If confirmed, the estimated …
Airbus delivered about 70 jets in March, industry sources say Read More »
MILAN (Reuters) – Swiss bank UBS informed unions in Italy on Tuesday of plans to cut 180 jobs in the country, around a third of the total, documents reviewed by Reuters showed. One of the letters to unions seen by Reuters showed that UBS planned to shed 18 jobs out of 34 at UBS Fiduciaria, …
UBS informs Italian unions of plans to cut a third of its jobs in the country Read More »
By Akash Sriram (Reuters) -The frenzy to create Ghibli-style AI art using ChatGPT’s image-generation tool led to a record surge in users for OpenAI’s chatbot last week, straining its servers and temporarily limiting the feature’s usage. The viral trend saw users from across the globe flood social media with images based on the hand-drawn style …
Ghibli effect: ChatGPT usage hits record after rollout of viral feature Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators will decide by May 12 whether to clear Abu Dhabi state oil giant ADNOC’s 15.9 billion euro ($17.2 billion) takeover of German chemicals company Covestro, a regulatory filing on the European Commission website showed. ADNOC struck the deal for its biggest ever acquisition last October as …
EU regulators to decide on ADNOC’s Covestro deal by May 12 Read More »
