Reuters UK Business

By Jaspreet Singh (Reuters) -British media group The Independent is in talks to take control of BuzzFeed and Huffington Post’s operations in the UK and Ireland in a multi-year deal, according to a person familiar with the matter. The Independent will take control of both the editorial and commercial operations of BuzzFeed and its various …

Britain’s The Independent in talks to take control of BuzzFeed UK – source Read More »

By America Hernandez and Noah Browning PARIS (Reuters) – Energy ministers, oil executives and green investors gathered this week to mark a half-century since the formation of the International Energy Agency and to assess its new role as the world’s shepherd toward a green future from a fossil fuel past. The industrialised world’s energy watchdog …

Analysis-Going green at 50? IEA climate pivot debated at anniversary meeting Read More »

MILAN (Reuters) – Telecom Italia’s (TIM) competitors have written to the Italian government to voice concerns about the risk that a planned spin-off of the former phone monopoly’s network assets reinforces its dominant position in the fixed broadband market, a document showed. In a letter dated Feb. 14 of which Reuters saw a copy, Vodafone, …

Exclusive-TIM rivals flag competition risks over network spin-off in letter to Rome govt Read More »

By Nick Carey, Gilles Guillaume and Joseph White LONDON/DETROIT (Reuters) -Under pressure from Chinese competitors, major U.S. and European auto manufacturers are pushing hard to cut electric vehicle costs so they can have price tags and profit margins similar to those of fossil-fuel models, industry executives said on Thursday. Europe’s Stellantis and Renault are trying …

European, US carmakers race to lower EVs costs as China competition heats up Read More »

By David Lawder WASHINGTON (Reuters) – The U.S. and five European countries agreed on Thursday to extend a trade truce over digital services taxes for six months to buy more time for negotiations on international taxing rights over large, highly profitable corporations. A joint statement issued by the U.S. Trade Representative’s office and Austria, Britain, …

US, five European countries extend truce over digital taxes until mid-2024 Read More »

FRANKFURT (Reuters) – Central banks should give governments “space” to invest in the green transition and more robust supply chains, the former head of the European Central Bank, Mario Draghi, said on Thursday. Draghi has been mandated by the European Commission to come up with proposals to revitalise the EU’s economy in the face of …

Ex ECB chief says central banks should give governments space to invest Read More »

By Gilles Guillaume and Joseph White PARIS (Reuters) -Stellantis, with 61 billion euros in liquidity and strong cash flows, will keep “eyes open” for potential acquisitions and merger opportunities, the automaker’s chief financial officer said on Thursday. “We intend to be one of the consolidators,” as the global auto industry goes through a turbulent transition …

Stellantis can be an industry ‘consolidator’, CFO says Read More »

By Jeffrey Dastin (Reuters) – Reading “War and Peace,” Leo Tolstoy’s monumental novel that runs half a million words long and often over 1,000 pages, might be a minute-long affair for a new artificial intelligence model from Google. The Alphabet-owned company on Thursday showcased Gemini 1.5, an upgrade to its suite of AI models it …

Google touts AI to vet troves of content in seconds; CEO predicts profit Read More »

By Medha Singh (Reuters) -Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy. The rally showed Nvidia’s growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable …

AI firms surge after chip giant Nvidia discloses stake Read More »

By Foo Yun Chee BRUSSELS (Reuters) – The European Commission is trying to rally support from EU countries to endorse a watered-down political agreement on the rights of workers at Uber, Deliveroo and other online companies, according to a document seen by Reuters on Thursday. The move by the EU, which proposed the draft rules …

EU Commission tries to rally support for political deal on gig workers’ rights Read More »