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Italy ready to work with Stellantis if jobs and plants are preserved, Meloni says

ROME (Reuters) – The Italian government is willing to work with Stellantis NV on the carmaker’s future strategy provided it keeps jobs and factories in the country, Prime Minister Giorgia Meloni said on Sunday. “We evaluate the economic cases on their own merits,” Meloni told an event of her Brothers of Italy party in Rome …

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Germany’s SPD unveils plan to boost investment with ‘Made in Germany’ premium

BERLIN (Reuters) – Germany’s Social Democrats plan to introduce a “Made in Germany” premium in the next government to boost investment in Europe’s largest economy, the party’s election manifesto showed on Sunday ahead of a likely early election next year. The plan includes a direct tax refund of 10% on equipment investments by businesses, according …

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Iran currency slips to new lows amid U.S., Europe tensions

DUBAI (Reuters) – The Iranian currency extended its fall on Saturday, hitting a new all-time low against the U.S. dollar amid uncertainties about Donald Trump’s imminent arrival in the White House and tensions with the West over Tehran’s nuclear programme. The rial plunged to 756,000 to the dollar on the unofficial market on Saturday, compared …

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Regulatory conditions on Novo Holdings’ $16.5 billion Catalent deal fulfilled, companies say

(Reuters) – All regulatory closing conditions related to Novo Holdings’ $16.5 billion acquisition of U.S. contract drug maker Catalent had been fulfilled, the companies said on Saturday, adding that the transaction is expected to be completed in the coming days. Novo Holdings in February agreed to buy Catalent to boost output of the popular weight-loss …

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Slovakia criticises Moody’s downgrade as ‘improper and one-sided’

(Reuters) – The Slovak Finance Ministry has criticised a credit downgrade announced by ratings agency Moody’s late on Friday, saying it was based on an incorrect political evaluation. Moody’s cut the country’s rating by one notch to A3 and changed its outlook to stable from negative, alongside a cut in the rating of France. It …

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Italy must be key part of Stellantis’ plans, industry minister says

ROME (Reuters) – Italy expects to be a central part of Stellantis’ future strategy and wants the Fiat automaker to safeguard the factories on its territory, Industry Minister Adolfo Urso said on Saturday. “There must be an assertive Italy plan within Stellantis’ industrial plan that protects national factories,” Urso told an event in Rome ahead …

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AI with reasoning power will be less predictable, Ilya Sutskever says

By Jeffrey Dastin VANCOUVER (Reuters) – Former OpenAI chief scientist Ilya Sutskever, one of the biggest names in artificial intelligence, had a prediction to make on Friday: reasoning capabilities will make technology far less predictable. Accepting a “Test Of Time” award for his 2014 paper with Google’s Oriol Vinyals and Quoc Le, Sutskever said a …

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‘Fortnite’ maker Epic brings game store to Android devices with Telefonica tie-up

(Reuters) -Telefonica is partnering with Epic Games to bring the “Fortnite” video game maker’s marketplace app directly to millions of devices on the Spanish telecoms company’s network, the companies said on Thursday. The marketplace app, called “Epic Games Store”, will be pre-installed on all new compatible Android devices operating on the Telefonica network across regions …

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Moody’s hands France surprise downgrade over deteriorating finances

PARIS (Reuters) -Credit ratings agency Moody’s unexpectedly downgraded France’s rating on Friday, adding pressure on the country’s new prime minister to corral divided lawmakers into backing his efforts to rein in the strained public finances. The downgrade, which came outside of Moody’s regular review schedule for France, brings its rating to “Aa3” from “Aa2” with …

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