By Aditya Soni, Max A. Cherney (Reuters) -Apple unveiled a long-awaited AI strategy on Monday, integrating its new “Apple Intelligence” technology across its suite of apps including Siri and partnering with OpenAI to bring ChatGPT to its devices. With these moves, the iPhone maker is seeking to reassure investors that it has not lost the …
Apple brings ChatGPT to iPhone, unveils Apple Intelligence Read More »
By Emilio Parodi MILAN (Reuters) -An Italian subsidiary of French luxury giant LVMH that makes Dior-branded handbags was placed under court administration on Monday, after a probe alleged it had sub-contracted work to Chinese-owned firms that mistreated workers. This is the third such decision this year by the Milan court in charge of pre-emptive measures, …
LVMH’s unit put under court administration in Italy over labour exploitation Read More »
(Reuters) – Apple will use its own server chips to help power artificial intelligence features on its devices, the company said at its annual developer conference on Monday. (Reporting by Aditya Soni in Bengaluru; Editing by Sayantani Ghosh)
By Pranav Kashyap and Purvi Agarwal (Reuters) -UK stocks slipped on Monday, tracking losses in European stocks after French President Emmanuel Macron called a snap parliamentary election, while uncertainty around the timing of interest rate cuts in the United States also weighed. Britain’s blue-chip FTSE 100 closed down 0.2%, while the mid-cap FTSE 250 fell …
UK equities slip as French election, US rate uncertainty make investors jittery Read More »
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European shares fell on Monday, with French stocks hit after President Emmanuel Macron called a snap election following a heavy trouncing of his allies in European Union parliamentary elections. France’s blue-chip CAC 40 index fell 1.4% to touch a more than three-month low, with lenders, including BNP Paribas, …
French stocks send Europe’s STOXX 600 lower on political uncertainty Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) – Nokia CEO Pekka Lundmark made a phone call using a new technology called “immersive audio and video” that improves the quality of a call with three-dimensional sound, making interactions more lifelike, the company said on Monday. “We have demonstrated the future of voice calls,” said Lundmark, who was also …
Nokia CEO makes world’s first ‘immersive’ phone call Read More »
By Dhara Ranasinghe and Amanda Cooper LONDON/SINGAPORE (Reuters) -The euro tumbled, while French bonds and stocks were hit hard on Monday, following French President Emmanuel Macron’s decision to call a snap parliamentary election after being trounced in a European Union vote by the far right. The euro fell 0.5% to a one-month low of $1.0764 …
Euro and French markets roiled by shock Macron election call Read More »
By Kate Abnett BRUSSELS (Reuters) – A more rightward-leaning European Parliament will make it harder to pass ambitious EU climate policies, but the majority of Europe’s current world-leading green policies are likely to stay put, lawmakers, officials and analysts said. Provisional results in the European Parliament election on Sunday night showed centrist parties holding a …
Analysis-Uphill road for Europe’s climate plan after EU election Read More »
FRANKFURT (Reuters) – The European Central Bank should sit out the summer before contemplating another interest rate cut as inflation is far from defeated and price pressures could resurface, ECB policymaker Peter Kazimir said in a blog post on Monday. The ECB cut rates from a record high on Thursday but made no commitment about …
ECB can sit out the summer before contemplating next rate cut, Kazimir says Read More »
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of Basalt, Colorado, admitted to two counts of investment adviser fraud …
Former Allianz employee pleads guilty to fraud over $7-billion funds collapse Read More »
