Reuters UK Business

BRUSSELS (Reuters) -OpenAI’s efforts to produce less factually false output from its ChatGPT chatbot are not enough to ensure full compliance with European Union data rules, a task force at the EU’s privacy watchdog said. “Although the measures taken in order to comply with the transparency principle are beneficial to avoid misinterpretation of the output …

EU data protection board says ChatGPT still not meeting data accuracy standards Read More »

(Reuters) – Crystal Palace co-owner John Textor said on Friday he is trying to sell his majority stake in the club, which he owns 45% of through his company Eagle Football Holdings, and has appointed the Raine Group to find a buyer. Palace is one of four clubs Textor owns, along with majority stakes in …

Soccer-Businessman Textor to sell his stake in Palace Read More »

By Oliver Hirt and Jesús Aguado ZURICH/MADRID (Reuters) -Swiss private bank Julius Baer held talks with EFG International about a potential takeover in recent months but the discussions have stopped, people with knowledge of the matter told Reuters. The two Swiss banks were in talks around the time Julius Baer ousted its chief executive officer …

Julius Baer, EFG stopped takeover talks after initial approach, sources say Read More »

(Reuters) -Royal Mail’s owner on Friday posted a narrower annual pre-tax loss as its turnaround plan progressed, and the British post and parcel services firm announced a special dividend to be paid out if it completes a $4.4 billion takeover bid. The parent company, International Distribution Services Plc (IDS), last week said it would agree …

Royal Mail parent IDS posts smaller annual loss on turnaround headway Read More »

MADRID (Reuters) – Spanish bank BBVA on Friday asked stock market supervisor CNMV to authorise its 12.23-billion-euro ($13.29 billion) hostile takeover offer for smaller rival Sabadell, a potential tie-up of lenders that Madrid opposes. The filing with the CNMV formally kicks off the regulatory process for BBVA’s bid and is expected to take several months. …

Spanish bank BBVA seeks authorisation of hostile takeover bid for Sabadell Read More »

(Reuters) -Citigroup has asked its 600 U.S. employees, who are eligible to work remotely, to return to office fulltime, it said on Friday as regulatory requirements make it hard for Wall Street banks to allow offsite work for roles such as trading. Regulators had eased some of the stringent requirements to allow traders the flexibility …

Citigroup asks 600 staffers to return to office full-time Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Lobbying groups representing airlines, hotels and retailers have urged European Union tech regulators to ensure that Google takes their views into account, and not just large intermediaries, when making changes to comply with landmark tech rules. Airlines for Europe group that has Air France KLM and British Airways …

Airlines, hotels, retailers fear being left out in Google’s search changes Read More »

By Andres Gonzalez and Pietro Lombardi LONDON/MADRID (Reuters) – State-controlled oil company Saudi Aramco is interested in buying a minority stake in the renewable unit of Spanish oil company Repsol, two people familiar with the matter told Reuters. The Spanish company has opened its renewable projects to investors willing to take minority stakes in portfolios …

Saudi Aramco interested in buying minority stake in Repsol’s renewable unit, sources say Read More »

TRENTO, Italy (Reuters) – Investments in power grids are attractive for Italian power utility Enel and other groups that distribute electricity because, once approved by the authorities, they guarantee predictable returns, chairman Paolo Scaroni said on Friday. This was one reason why the Italian group announced last November it would focus on its grid business …

Enel chairman says investments in grids are financially attractive Read More »