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Engine Capital pushes for changes at cancer therapy developer 2seventy bio

(Reuters) -Activist investor Engine Capital on Wednesday sent a letter to the board of cancer therapy developer 2seventy bio, urging a board refresh and the appointment of Chief Operating Officer Chip Baird as CEO, among other changes. Engine Capital, which owns about a 3% stake in 2seventy bio, said the company should exclusively focus on …

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Meta to introduce watermarking feature for some AI products

(Reuters) – Meta Platforms will add invisible watermarking to its text-to-image generation product imagine with Meta AI chatbot in the coming weeks to enhance transparency, the Facebook-parent said on Wednesday. The social media firm rolled out products infused with artificial intelligence (AI) for consumers, including bots that create photo-realistic images and smart glasses that answer …

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EU proposes delay to EV trade rules with UK to avoid tariffs

By Philip Blenkinsop BRUSSELS (Reuters) -The EU on Wednesday proposed a three-year delay to tightening rules that would have led to import tariffs being imposed from next year on many electric vehicles (EVs) traded with Britain. Britain and the European Union are each other’s largest market for exports of EVs, which are being encouraged as …

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Renault hopes to escape from its ‘negative core value’ curse

By Gilles Guillaume PARIS (Reuters) – Renault hopes it can lift the curse of its negative value next year thanks to the creation of two specialised businesses, Ampere and Horse, and its revamped alliance with Nissan and Mitsubishi, several top executives said. Although the French automaker sold more than two million vehicles last year and …

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Apple to launch new iPads, M3 MacBook Air to fight weak sales – Bloomberg News

(Reuters) – Apple is planning to release several new models, including a faster MacBook Air and two updated iPads, early next year to help combat a decline in sales of the devices, Bloomberg News reported on Wednesday, citing people familiar with the matter. The new iPad Air will have two sizes for the first time, …

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Norway union joins Tesla blockade in support for Swedish workers

OSLO (Reuters) -Norway’s largest private sector labour union said on Wednesday it would later this month start blocking transit shipments of Tesla cars meant for the Swedish market, as part of a growing Nordic movement to support striking mechanics in Sweden. Swedish unions led by IF Metall have taken industrial action against Tesla since October …

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UK bans airline adverts over ‘misleading’ environmental claims

LONDON (Reuters) -Adverts from Lufthansa, Air France-KLM and Etihad Airways were banned by Britain’s advertising regulator on Wednesday for giving a “misleading impression” of the airlines’ environmental impact. The Advertising Standards Authority (ASA) said the ads had breached advertising rules, and “must not appear again in the form complained about.” In the Google ads that …

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Bain Capital last bidder in race for SoftwareOne – sources

By Amy-Jo Crowley, Anousha Sakoui and Oliver Hirt LONDON/ZURICH (Reuters) – Bain Capital is the last remaining bidder for software company SoftwareOne Holding AG after other interested parties, including private equity firm Apax Partners, dropped out, three people familiar with the situation said. This makes buyout group Bain the frontrunner to acquire the Swiss software …

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