LONDON (Reuters) – Shares in British consumer goods company Reckitt Benckiser hit their lowest in over 11 years on Monday, after a U.S. jury found Abbott Laboratories formula caused a girl to develop a dangerous bowel disease. The jury found Abbott must pay $495 million in damages. Close to 1,000 lawsuits have been filed against …
Reckitt Benckiser shares hit lowest since 2013 on Abbott trial verdict Read More »
(Reuters) -Apple’s upcoming artificial intelligence features will arrive later than anticipated and will miss the initial launch of upcoming iPhone and iPad software overhauls, Bloomberg News reported on Sunday. The iPhone maker is planning to begin rolling out Apple Intelligence to customers as part of software updates coming by October, the report added, citing people …
Apple’s artificial intelligence features to be delayed, Bloomberg News reports Read More »
By Nelson Acosta HAVANA (Reuters) -Havana residents watched from shore on Saturday as Russian warships arrived for the second time in as many months, in a visit that Cuba called routine. Cuban authorities fired shots into the air to signal their welcome, while curious fishermen watched from Havana’s waterside promenade as the ships advanced up …
By Tim Hepher, Allison Lampert and David Shepardson FARNBOROUGH, England (Reuters) -Germany’s Lilium Jet has a queue of young engineers and students waiting to board thanks to the interest of a five-year-old boy. The futuristic flying taxi is one of many high-tech projects on display as the Farnborough Airshow turns its attention to the aerospace …
Struggle for skilled workers in spotlight at Farnborough Airshow Read More »
ZURICH (Reuters) – Central banking is not boring, although being prepared to carry the label is perhaps the key to success, departing Swiss National Bank Chairman Thomas Jordan said on Saturday. Jordan, who is due to step down at the end of September, defended his record steering the central bank through a raft of crises …
Being boring key to central bank success says SNB’s Jordan Read More »
By Jonathan Stempel NEW YORK (Reuters) – Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds. A preliminary settlement with Bank of America, Citigroup, Jefferies, NatWest, Nomura and UBS was filed late Friday …
Six banks settle European bond price fixing litigation in New York Read More »
By Bernardo Caram and Marcela Ayres RIO DE JANEIRO (Reuters) – The first-ever joint declaration by G20 finance leaders vowing to cooperate on effectively taxing the world’s largest fortunes on Friday papered over deeper disagreement about the right forum to advance the agenda. Finance ministers and central bankers from the Group of 20 major economies …
G20 agrees to tackle taxation of the super-rich, but forum not yet decided Read More »
LONDON (Reuters) – Macquarie Asset Management will buy out the 20% of Britain’s National Gas that it does already own, the investment company said on Friday without disclosing financial details. The purchase from National Grid is expected to be completed by the first quarter next year, subject to regulatory approval. National Gas owns and operates …
Macquarie to acquire remaining stake in UK’s National Gas Read More »
By Mathias de Rozario and Olivier Sorgho (Reuters) -Metals recycling group Umicore reported on Friday a 24% fall in half-year core profit and booked a 1.6 billion euro impairment for its battery materials division in the face of weak demand for electric vehicles. The maker of catalytic converters and battery materials for carmakers has decided …
Umicore profit slumps on weak EV demand, takes 1.6 billion euro writedown Read More »
By Sheila Dang (Reuters) – The Paris Olympics will be a showcase of generative AI for American viewers but European audiences won’t see a similar approach, a contrast that reflects how global media companies are deliberating over the use of the technology. Comcast’s NBCUniversal is diving into AI for its U.S. broadcast of the Games, …
Paris Olympics broadcasters diverge on AI approach Read More »
