Reuters UK Business

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase and Walmart are partnering to speed up payments for merchants that sell items through the retail giant’s website. The pairing will allow merchants on Walmart’s marketplace platform to accept and make payments, while managing cash flow using JPMorgan’s systems, said Lia Cao, head of embedded finance and …

Walmart partners with JPMorgan to speed payments to online sellers Read More »

MILAN (Reuters) – Italy’s Banco BPM has secured more than half of the capital of Anima Holding in its bid for the fund manager, Reuters calculations showed on Monday, thanks to the stake tendered by a leading Anima investor. Italian businessman Francesco Gaetano Caltagirone on Monday said he was taking up Banco BPM’s bid and …

Italy’s Banco BPM secures over 50% of Anima as Caltagirone tenders stake Read More »

By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Activist investor Elliott disclosed a stake of close to 5% in Germany’s biggest utility RWE on Monday and urged it to significantly increase its 1.5 billion euro ($1.6 billion) share buyback programme. It is the first time that Elliott – known for high-profile campaigns at some of …

Elliott urges Germany’s RWE to ‘significantly’ hike share buyback Read More »

By Nate Raymond BOSTON (Reuters) – Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments. Massachusetts Secretary of State Bill Galvin, in an interview with Reuters on …

Exclusive-Massachusetts regulators probe Robinhood over March Madness basketball betting Read More »

TOULOUSE, France (Reuters) -Airbus is in discussions with European nations on new defence and space orders as the continent increases spending and is seeing an improvement in supply chains for its core jetliner business, senior executives said at a company event on Monday. WHY IT’S IMPORTANT European nations are interested in space assets in part …

Airbus says it is in defence and space talks amid spending surge Read More »

(Reuters) -OpenAI’s Chief Operating Officer Brad Lightcap will spearhead global expansion and corporate partnerships, CEO Sam Altman said on Monday, as the Microsoft-backed startup seeks to cement its dominance in the rapidly growing AI industry. Altman will increasingly focus on the technical side to boost the ChatGPT-maker’s research and product initiatives, while remaining in charge …

OpenAI COO to lead global growth push in expanded role, Altman says Read More »

By David Milliken LEICESTER, England (Reuters) – Bank of England Governor Andrew Bailey said on Monday that artificial intelligence had the potential to be a game-changer for Britain and the global economy just as electricity was around the start of the 20th century. Bailey said technologies that were transformative continuously improved, lowered costs and made …

BoE’s Bailey says AI could jolt UK and world out of slow growth Read More »

PORTO MARGHERA, Italy (Reuters) – Versalis, the chemical division of Italian energy group Eni, on Monday opened a plant in Porto Marghera for the production of plastics made from mechanically recycled raw materials. The opening of this factory, which produces materials for the packaging and construction sectors, is part of a multi-year strategy of the …

Eni’s chemicals unit opens new recycled plastic production plant Read More »