(Reuters) – Apple on Wednesday started integrating OpenAI’s ChatGPT into its devices, delivering on a long-awaited feature that investors hope will help drive sales of its latest iPhones. The rollout is part of a wider deployment of artificial intelligence-powered tools in the latest updates to the operating systems for iPhones, iPads and Mac computers. The …
Apple adds ChatGPT to iPhone in latest iOS update Read More »
By Andrey Sychev (Reuters) -Europe’s biggest online retailer Zalando plans to buy About You in a deal valuing the smaller rival at 1.13 billion euros ($1.19 billion), the companies said on Wednesday, marking the next big move to consolidate Europe’s online apparel market. Surging inflation and the rapid growth of low-cost online platforms like Shein …
German e-retailer Zalando to buy rival About You in billion-euro deal Read More »
By Supantha Mukherjee and Terje Solsvik STOCKHOLM/OSLO (Reuters) -Sweden’s financial regulator fined Klarna Bank 500 million Swedish crowns ($46 million) on Wednesday for violating anti-money laundering rules. It said a review of the buy now, pay later company for the year to March 2022 had found significant deficiencies, including a lack of assessment of how …
Sweden’s Klarna Bank fined $46 million for breaking anti-money laundering rules Read More »
LONDON (Reuters) – Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on Wednesday by the Prudential Regulation Authority, after it identified information gaps during recent market turmoil. The global COVID-19 pandemic in 2020 and a UK financial statement in 2022 triggered market disruption. The …
Large UK insurers to report daily cash positions during crises under new proposals Read More »
MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo said on Wednesday the European Central Bank had set its minimum core capital requirement for 2025 at 9.89%. That compares with 9.32% last year and Intesa’s core capital ratio of 13.6% as of end-September. The Pillar 2 requirement, which covers atypical risks specific to a bank that …
Italy’s Intesa says SREP requirement rises to 9.89% from 9.32% Read More »
By Corina Pons and Helen Reid MADRID (Reuters) -Zara owner Inditex posted a rare miss on quarterly sales and profit on Wednesday, although the world’s biggest listed fast-fashion retailer said the holiday shopping season had got off to a good start. Shares in Inditex fell around 5% as investors digested results hit by currency fluctuations …
Rare quarterly miss hits Zara owner Inditex shares Read More »
By Alun John LONDON (Reuters) – Sterling was at its strongest against the euro in two-and-a-half years on Wednesday, supported by a relatively hawkish Bank of England and political uncertainty in France and Germany, though it dipped against a strengthening dollar. The euro dropped as low as 82.35 pence, its lowest since March 2022, though …
Sterling at strongest on euro since March 2022, eyes pre-Brexit levels Read More »
( ) By Joanna Plucinska, Emma Farge GENEVA (Reuters) -The aviation industry is not moving fast enough to reach its targets for producing and using sustainable aviation fuel, Willie Walsh, head of airline trade body IATA, said, as the sector aimed for net zero emissions by 2050. “We’re not making as much progress as we’d …
Global airlines could miss sustainable fuel targets, IATA’s Walsh says Read More »
GDANSK/WARSAW (Reuters) -Poland’s Orlen announced scaled back plans for its Olefins petrochemical project on Wednesday, pushing back output until at least 2030 and aiming to cut its estimated cost by as much as a third. Begun in 2021, costs were on course to reach six times original estimates with the company having spent 12.6 billion …
Poland’s Orlen revamps Olefins petchem project as costs soar Read More »
(Reuters) – HSBC Holdings Plc is examining plans that could cut costs by at least $3 billion as the bank continues to restructure its worldwide operations under new CEO Georges Elhedery, Bloomberg News reported on Wednesday. Europe’s largest bank told managers last week that its revamp would take until June 2025 to complete, the report …
HSBC eyes $3 billion in potential savings from overhaul, Bloomberg News reports Read More »
