By Stephen Nellis (Reuters) – Qualcomm on Tuesday said it was teaming up with Alphabet’s Google to offer a combination of chips and software that will let automakers develop their own AI voice assistants using technology from the two firms. Qualcomm’s chips have long powered mobile phones with Google’s Android operating system and the company …
Qualcomm, Alphabet team up for automotive AI; Mercedes inks chip deal Read More »
By Dominique Patton PARIS (Reuters) -French cosmetics giant L’Oreal reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confidence in China sapped demand for beauty products. The company, which owns the Maybelline and Lancome brands, said sales for the three months to the end of September were 10.28 billion …
L’Oreal third quarter sales disappoint as China spends less on beauty Read More »
(Reuters) – ChatGPT parent OpenAI has tapped former White House official Aaron Chatterji as its first chief economist to lead research on AI’s impact on the economy, the startup at the center of the generative artificial intelligence frenzy said on Tuesday. Chatterji, a professor of business and public policy at Duke University, was formerly a …
OpenAI hires ex-White House official as chief economist Read More »
LONDON (Reuters) – Italian insurer Generali will no longer provide new cover for companies involved in oil and gas transportation, processing and distribution if they fail to have a good enough energy transition plan, a statement on its website said. Generali said it will no longer provide policies for risks associated with the so-called “midstream” …
Italy’s largest insurer expands oil and gas exclusions list Read More »
By Michael S. Derby NEW YORK (Reuters) – A top European Central Bank official said Tuesday climate change issues can’t be removed from central bank decision-making. The impact of climate change is “already so powerful” that its impact is weighing on how central banks view their economies and pursue their mandates, said French central bank …
ECB’s Villeroy: Central banks can’t shrug off climate change issues Read More »
WASHINGTON (Reuters) – Inflation across the euro zone is well on its way back to the 2% target but sluggish economic growth creates a risk that price growth goes lower, Finnish central bank chief Olli Rehn said on Tuesday. The ECB last week said that price pressures may be lower than it had predicted earlier …
Europe’s weak growth could lower inflation further, ECB’s Rehn warns Read More »
By Maria Martinez NEW YORK (Reuters) -The German economy is expected to stagnate this year, the International Monetary Fund said on Tuesday, cutting its forecast for Europe’s biggest economy, while growth is expected in all the other G7 countries. The IMF had forecast 0.2% growth for Germany in its previous forecasts. “Geopolitical strength needs economic …
IMF cuts forecasts for German economy this year and next Read More »
FRANKFURT (Reuters) – German exchange operator Deutsche Boerse on Tuesday posted an 11% rise in third-quarter net profit, slightly below expectations, and nudged up its full-year revenue guidance. Net profit attributable to shareholders was 445 million euros ($480.69 million), up from 400 million euros a year earlier, the company said. Analysts had expected net profit …
Deutsche Boerse quarterly profit up 11%, raises revenue guidance Read More »
By David Milliken WASHINGTON (Reuters) -The International Monetary Fund on Tuesday raised its forecast for British economic growth this year but said the country could not take its eye off rising public debt, as finance minister Rachel Reeves prepares her first annual budget. The IMF said it expected 2024 growth of 1.1% this year, up …
IMF raises UK growth forecast, warns on debt as finance minister readies budget Read More »
By Sabrina Valle and David French NEW YORK (Reuters) – Citigroup has promoted three senior healthcare investment bankers – Sumit Khedekar, Nishant Jadav and Michael Guarino – in the bank’s push to win more deals in the industry, an internal memo seen by Reuters on Tuesday showed. Sumit Khedekar, who had led the Wall Street …
Citigroup promotes three bankers in healthcare M&A push Read More »
