(Reuters) – British finance minister Rachel Reeves is planning a new, multibillion-pound public spending squeeze in next week’s Spring Statement, the Financial Times reported on Tuesday. Reeves is looking for further cuts to fill a hole in the public finances and will trim proposed budgets for Whitehall departments later in the parliament, the report said, …
By Kalea Hall and Abhirup Roy (Reuters) – General Motors will use artificial intelligence chips and software from Nvidia to develop autonomous vehicle technology for its vehicles and improve workflow at its factories, the companies said on Tuesday. Traditional automakers have struggled to commercialize autonomous technology that has been more challenging and expensive than expected …
GM to use Nvidia AI chips, software to automate vehicles, factories Read More »
(Reuters) – Nvidia CEO Jensen Huang, on Tuesday, unveiled the company’s next-generation line of chips at its annual software developer conference, aiming to reassure investors of its dominance in the rapidly evolving artificial intelligence industry. Here are all the products announced on stage: BLACKWELL ULTRA Nvidia said its next graphics processing unit (GPU), called Blackwell …
Factbox-Everything Nvidia announced at its annual developer conference GTC Read More »
By Virginia Furness and Simon Jessop LONDON (Reuters) – A leading assessor of company climate goals on Tuesday proposed new rules to better help companies set high-quality emissions-reduction plans, but said it had no plans to further loosen its rules around the use of carbon credits. The Science-Based Targets initiative was last year at the …
Climate group SBTi proposes new rules, holds line on carbon offsets Read More »
By Tim Hepher and Joanna Plucinska PARIS (Reuters) -Air France-KLM is in talks to take a stake in Spanish airline Air Europa and is looking to boost its existing holding in Scandinavian carrier SAS to a majority, CEO Ben Smith told Reuters on Tuesday. “We’ve had a meeting with Air Europa,” Smith told Reuters in …
Air France-KLM in ongoing talks with Air Europa on potential stake, CEO says Read More »
NEW YORK (Reuters) – Institutional Shareholder Services (ISS) on Tuesday urged Rio Tinto shareholders to approve a proposal to review the miner’s dual-listed structure amid pressure from activist Palliser Capital. Palliser has pushed Rio Tinto, which has a primary listing in London and a secondary listing in Sydney, to unify the two into a single …
Proxy advisory firm ISS backs Palliser proposal for Rio Tinto review Read More »
(Reuters) -Hargreaves Lansdown said on Tuesday its finance chief Amy Stirling will step down after three years in the role, as Britain’s largest investment platform comes closer to going private. Earlier on Tuesday, the company received a court sanction for its 5.4 billion pound ($7.02 billion) deal with an international consortium to take the company …
By Joanna Plucinska and Tim Hepher PARIS (Reuters) – Air France on Tuesday unveiled a new first-class suite as it expands efforts to lure wealthy travellers from business jets and lend a ‘French touch’ to the tussle for premium revenue. The CEO of parent Air France-KLM, Ben Smith, told Reuters the unspecified investment aimed to …
Air France renews first-class suite in battle for high-rollers Read More »
(Corrects headline to show high bar applies to all M&A not only wealth management M&A; no change to text) By Sinead Cruise LONDON (Reuters) – NatWest CEO Paul Thwaite said on Tuesday high valuations had made it tougher for the bank to pursue growth in its wealth management business via takeovers, amid rising speculation it …
NatWest CEO says there is a ‘very high bar’ for M&A Read More »
BERLIN (Reuters) – Volkswagen intends to sell up to 11 million shares in commercial vehicle manufacturer Traton, the German carmaker said on Tuesday, representing up to a 2.2% stake worth about 391 million euros ($427.87 million) at Tuesday’s closing price. “The transaction aims to enhance the free float and trading liquidity of Traton shares, while …
