By Gleb Bryanski MOSCOW (Reuters) -President Vladimir Putin on Wednesday called for a national task force to coordinate Russia’s work on homegrown generative artificial intelligence models, which he said were vital to preserving Russian sovereignty. Putin said large-language models have become a major instrument in spreading information and are capable of influencing the views of …
PARIS (Reuters) -TotalEnergies has signed agreements with Conoil to acquire a further 50% interest in oil exploration block OPL 257 from its Nigerian partner, bringing its holding to 90%, the French group said on Wednesday. The deal is part of efforts to consolidate TotalEnergies’ position in Nigeria’s offshore oil sector by leveraging existing infrastructure for …
TotalEnergies to boost stake in Nigerian offshore oil exploration block Read More »
(Reuters) -French food caterer Elior on Wednesday said that it expects a core profit margin of between 3.5% and 3.7% in 2026, citing a return to profitability levels higher than the pre-COVID19 period. CONTEXT Elior, which supplies catering services to businesses, schools, prisons, hospitals and care homes, has taken longer to recover from the pandemic …
Food caterer Elior sees higher profits next year Read More »
By Manya Saini and Niket Nishant (Reuters) -Investors pulled roughly $523 million from BlackRock’s flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund’s largest single-day withdrawal since its launch. Bitcoin, a bellwether for crypto markets, fell below $90,000 this week, its lowest level in seven months. IBIT, the largest …
Investors pull record $523 million from BlackRock’s flagship bitcoin ETF Read More »
LONDON (Reuters) -Britain said on Wednesday it would ban the resale of tickets to concerts, sport and other live events for profit, disrupting ticket touts and the platforms that benefit from their activities. Culture Secretary Lisa Nandy said touts were ripping off fans by using bots to snap up batches of tickets for coveted shows …
UK to ban the resale of tickets for profit to protect fans Read More »
By Leo Marchandon (Reuters) -Shares in Vivendi fell up to 20% on Wednesday after Le Monde reported that France’s highest civil court may rule in favour of the Bollore family in a pivotal legal dispute against minority shareholders over the group’s multibillion-euro split. The Cour de Cassation is scheduled to give its decision on November 28, …
Vivendi falls 20% after Le Monde reports court may favour Bollore in break-up dispute Read More »
ZURICH (Reuters) -Julius Baer has chosen software provider Temenos to replace its ageing core banking system in the Swiss home market, four people familiar with the matter said, in a quest by the bank to update critical infrastructure amid mounting regulatory requirements. CEO Stefan Bollinger announced in June the bank had set up a new …
Julius Baer to replace Swiss IT system with Temenos product, sources say Read More »
(Reuters) -Polish media and telecoms group Cyfrowy Polsat on Tuesday reported a 72% drop in third-quarter net profit to 69.6 million zlotys ($19.0 million), below a Reuters poll of analysts that forecast profit of 90 million zlotys. A slump in energy and equipment sales overshadowed growth in its core retail business. WHY IT’S IMPORTANT Cyfrowy …
Cyfrowy Polsat profit slumps as costly green strategy weighs Read More »
By Gianluca Lo Nostro (Reuters) -Schneider Electric said on Wednesday it had signed new deals worth almost $2.3 billion with two U.S. data centre operators, as surging adoption of artificial intelligence boosts infrastructure demand. At an industry event in Las Vegas, the French industrial group announced a $1.9 billion partnership with privately held tech firm …
Schneider Electric seals $2.3 billion in US data centre deals to power AI boom Read More »
LONDON (Reuters) -Britain is to build a network of new munitions factories to boost its warfighting readiness, in a move aimed at restoring domestic production of military explosives for the first time in nearly two decades. Defence Secretary John Healey is set to announce on Wednesday plans for new potential sites and confirm that construction …
UK to build new munitions factories to boost warfighting readiness Read More »
