FRANKFURT (Reuters) – Euro zone inflation slowed across the board last month, reinforcing expectations for a European Central Bank interest rate cut in June, even as rising energy costs and a weak euro cloud the outlook, final data from Eurostat showed on Wednesday. Inflation in the 20 nations sharing the euro currency slowed to 2.4% …
Confirmed euro zone inflation fall bolsters ECB’s June rate cut plan Read More »
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) -ASML, the largest supplier of equipment to computer chip makers, reported weaker than expected first-quarter new bookings on Wednesday, although sales to China held up despite U.S.-led restrictions. Shares in Europe’s biggest tech firm, which had risen 34% this year, were down 4.5% to 873.40 euros at …
ASML Q1 bookings miss forecast, but China sales hold up Read More »
LONDON (Reuters) -British house prices fell by the least in eight months in February when they edged down by 0.2% on an annual basis after a revised 1.3% decrease in January, the Office for National Statistics said on Wednesday. The ONS also said its gauge of private rents rose by 9.2% in the year to …
UK house prices fall by least in eight months, ONS says Read More »
By Sarah Wu BEIJING (Reuters) – Volkswagen AG said on Wednesday it has developed a new architecture for intelligent and electric cars with its Chinese partner Xpeng, which the German automaker said will help it offer more affordable EVs in its biggest market. Volkswagen plans to use the China Electrical Architecture (CEA) in locally developed …
Volkswagen to roll out new architecture with Xpeng to cut China EV costs Read More »
(Reuters) -French tech startup Mistral AI has been speaking to investors about raising several hundred million dollars at a valuation of $5 billion, The Information reported on Tuesday. It’s unclear which investors Mistral has spoken to about a new funding round, the report said, citing a person with direct knowledge of the matter. Mistral’s existing …
France’s Mistral AI seeks funding at $5 billion valuation, The Information reports Read More »
By Gaelle Sheehan and Mathias de Rozario (Reuters) -Digital mapping company TomTom’s operating result turned to a wider-than-expected loss in the first quarter, hit by slower car sales and higher investments in AI and automated driving, it said on Wednesday. Its shares fell 12.5% to 6.37 euros per share by 0802 GMT. “New car sales …
Navigation firm TomTom posts operating loss as auto sales slow Read More »
MILAN (Reuters) – Ferrari’s new assembly facility, its so called ‘e-building’, in its Maranello hometown in northern Italy, will give the luxury sportscar maker capacity to expand its offer of electrified cars in coming years, its CEO said on Wednesday. The e-building will be inaugurated on June 21, Ferrari Chief Executive Benedetto Vigna told investors …
New Ferrari ‘e-facility’ will give ample capacity for electrification, CEO says Read More »
AMSTERDAM (Reuters) -The Dutch Senate on Tuesday approved a law to permanently close the Groningen gas field, following the government’s promise that production will never be resumed to limit seismic risks in the region. Normal gas production at Groningen in the north of the Netherlands ended last October after years of output cuts to limit …
Groningen gas field in Netherlands to shut down as Senate approves law Read More »
By Tom Little and Isabelle Yr Carlsson COPENHAGEN (Reuters) -A fire that ripped through Copenhagen’s Old Stock Exchange, one of the Danish capital’s most famous landmarks, was brought under control on Tuesday after the flames toppled its spire. The fire broke out in the 17th century Dutch Renaissance-style building on Tuesday morning. It was quickly …
Spire collapses as fire engulfs Copenhagen’s historic stock exchange Read More »
By Katie Paul NEW YORK (Reuters) – Meta Platforms’ Oversight Board is reviewing the company’s handling of two sexually explicit AI-generated images of female celebrities that circulated on its Facebook and Instagram services, the board said on Tuesday. The board, which is funded by the social media giant but operates independently from it, will use …
Meta oversight board reviews handling of AI-created celebrity porn Read More »
