LISBON (Reuters) -Microsoft plans to invest $10 billion in artificial intelligence infrastructure at a data centre in Portugal’s port city of Sines over the next few years, marking one of the largest AI investment projects in Europe, it said on Tuesday. The technology giant will work in partnership with developers Start Campus, AI infrastructure platform …
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By Paul Sandle LONDON (Reuters) -Vodafone’s shareholders will be rewarded with the first dividend increase in eight years after a return to growth in Germany helped the European mobile and broadband operator upgrade its earnings outlook. Shares in the British company, which are trading at two-and-a-half-year highs, rose 5% to 94 pence after it reported …
Vodafone to increase dividend for first time in eight years Read More »
MILAN, November 11 (Reuters) -Kering and investment fund Mayhoola have agreed to inject 100 million euros ($117 million) into Valentino to shore up the Italian fashion house’s finances after it breached loan covenants earlier this year, according to a corporate document and two sources familiar with the matter. Valentino is controlled by holding company MFI …
Kering and Mayhoola agree to inject 100 million euros into Valentino, document shows Read More »
By Greta Rosen Fondahn and Helen Reid STOCKHOLM/LONDON (Reuters) -The world’s biggest retailer of IKEA furniture reported a rise in annual profit on Tuesday, while it tries to bring back cash-strapped consumers, and said it had raised prices in the U.S. less than competitors as it absorbs some tariff costs. In what the budget retailer …
Biggest IKEA retailer reports profit rise as it tries to sway budget-conscious buyers Read More »
By Jörn Poltz and Friederike Heine MUNICH (Reuters) -OpenAI’s chatbot ChatGPT violated German copyright laws by reproducing lyrics from songs by best-selling musician Herbert Groenemeyer and others, a court ruled on Tuesday, in a closely watched case against the U.S. firm over its use of lyrics to train its language models. The regional court in …
OpenAI used song lyrics in violation of copyright laws, German court says Read More »
(Reuters) -Shares in AstraZeneca rose past their September 2024 peak on Tuesday, hitting a fresh record high and cementing the company’s position as the largest UK-listed stock by market value. Tuesday’s surge added to the rally after forecast-beating quarterly earnings last week and a U.S. drug-pricing deal in October that helped remove some policy uncertainty. …
AstraZeneca hits record high, cements lead as UK’s biggest stock Read More »
By Greta Rosen Fondahn STOCKHOLM (Reuters) -Sweden’s SKF presented new earnings targets that failed to impress investors on Tuesday as well as costly restructuring charges ahead of a planned split of the group, sending shares of the world’s biggest bearings maker down 8%. SKF, whose bearings are used across a vast range of industries and …
Shares of Sweden’s SKF drop 8% as company’s new targets, costly split disappoint Read More »
(Reuters) -Norway’s Telenor expects its organic core earnings from the Nordic region to grow by a low-to-mid single-digit percentage per year until 2030, the telecom operator said on Tuesday ahead of its investor day. Growth in earnings before interest, taxes, depreciation and amortisation will be supported by stable or declining operating costs, Telenor added. It …
Telenor targets low-to-mid single-digit growth in Nordic core earnings until 2030 Read More »
MILAN (Reuters) -Italian food and beverage company Newprinces said on Tuesday it was evaluating opportunities from the planned disposal of small brands by Italian spirits group Campari. “We have a good opportunity now to evaluate Campari’s potential dismissals,” Chairman Angelo Mastrolia told analysts during a conference call, adding that they were in contact with the …
By Stefano Rebaudo (Reuters) -Sterling snapped a four-day rising streak as data on Tuesday showed British unemployment rose, while annual wage growth slowed slightly, bolstering expectations for a Bank of England interest rate cut next month. Yields on 2-year gilts, more sensitive to expectations for BoE policy rates, dropped 6 bps to 3.74%, within a …
Sterling snaps four-day rising streak after jobs data Read More »
