Reuters UK Business

By Max A. Cherney (Reuters) -Amazon’s AWS unit said on Monday it would expand a collaboration with Intel featuring co-investments on chip designs and a deal to manufacture a processor for artificial intelligence, a vote of confidence for Intel’s contract manufacturing effort. Intel’s shares jumped 7% in extended trading after the chip maker’s CEO Pat Gelsinger released …

Intel foundry business to make custom chip for Amazon, chipmaker’s shares jump Read More »

By Jeffrey Dastin and Katie Paul (Reuters) – A team of technology experts issued a global call on Monday seeking the toughest questions to pose to artificial intelligence systems, which increasingly have handled popular benchmark tests like child’s play. Dubbed “Humanity’s Last Exam,” the project seeks to determine when expert-level AI has arrived. It aims …

AI experts ready ‘Humanity’s Last Exam’ to stump powerful tech Read More »

By Nora Eckert DETROIT (Reuters) -The United Auto Workers (UAW) union said on Monday it had filed unfair labor practice charges against Chrysler-parent Stellantis for violating the labor contract the parties reached last fall. The UAW said it filed grievances with the National Labor Relations Board because Stellantis has refused to provide information about its …

UAW files unfair labor practice charges against Stellantis Read More »

MILAN (Reuters) – Italy’s competition watchdog said on Monday a planned tie-up between Swisscom’s and Vodafone’s Italian units could pose a threat to competition in the country’s fixed-line connectivity services. Last week the Italian antitrust authority, called AGCM, opened an in-depth review of Swisscom’s 8-billion-euro buyout of Vodafone Italia, which will be combined with Swisscom’s …

Italy’s antitrust scrutinises impact of Swisscom-Vodafone deal on landline service Read More »

(Reuters) -Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline, the companies said on Monday. The U.S.-based asset management company would become a non-controlling shareholder in BP’s unit that holds a 20% stake in Trans Adriatic Pipeline AG. Other …

Apollo inks $1 billion deal with BP to fund stake in Trans Adriatic gas pipeline Read More »

By Jan Lopatka PRAGUE (Reuters) – Factories and stores across central Europe shuttered production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands of evacuations and submerged towns from Poland to Romania. In Ostrava – an industrial city of 290,000 people in northeast …

Central Europe factories and retailers shut in flood-hit areas Read More »

By Shubham Batra (Reuters) -European shares were subdued at the start of a data-packed week, the highlight of which will be the Federal Reserve starting its long-awaited monetary-easing cycle, with many investors leaning towards a bigger-than-expected rate reduction. The pan-European STOXX 600 index was up 0.1%, with most major European markets trading higher, except for …

Europe’s STOXX 600 inches up at start of action-packed week, with Fed in focus Read More »