(Reuters) – European shares climbed to a two-month high on Wednesday, led by media and real estate stocks, with software firm Sage jumping to a record high following a strong annual operating profit. The pan-European STOXX 600 was up 0.2% by 0807 GMT, after largely muted trading so far this week. Real estate stocks led …
European shares gain on real estate boost; UK’s Sage hits record high Read More »
SEOUL (Reuters) – South Korea’s Ministry of Trade, Industry and Energy said on Wednesday British-based offshore wind firm Corio Generation and BP PLC have submitted investment plans for wind farm projects in South Korea totaling $1.16 billion. The projects, which had been in the works, are additional signs of carbon-free energy cooperation between Britain and …
BP, Corio plan to invest over $1 billion in South Korea wind farms -ministry Read More »
By Francesca Landini MILAN (Reuters) -Italy’s Enel plans 35.8 billion euros ($39 billion) gross capital expenditure in the next three years in a more cautious approach to investments, the power group’s new chief executive said on Wednesday. Nearly 19 billion euros will be spent on grids while investments in renewables will be more selective, the …
Enel to invest 36 billion euros by 2026, be more selective on renewables Read More »
By Blake Brittain (Reuters) – OpenAI and Microsoft were sued on Tuesday over claims that they misused the work of nonfiction authors to train the artificial intelligence models that underlie services like OpenAI’s chatbot ChatGPT. OpenAI copied tens of thousands of nonfiction books without permission to teach its large language models to respond to human …
OpenAI, Microsoft hit with new author copyright lawsuit over AI training Read More »
LONDON (Reuters) – British finance minister Jeremy Hunt will reveal a permanent tax break for businesses in his Autumn Statement on Wednesday as part of measures to boost economic growth, The Times and The Financial Times newspapers reported on Tuesday. The policy, known as full expensing, allows businesses to immediately offset investment in plant and …
UK finance minister Hunt to make business tax break permanent – reports Read More »
By Martin Coulter and Supantha Mukherjee LONDON (Reuters) – As the European Union edges closer to passing a wide-ranging set of laws governing artificial intelligence, lawmakers and experts say the surprise ousting of OpenAI CEO Sam Altman underscores the need for strict rules. Altman, cofounder of the startup that last year kicked off the generative …
OpenAI CEO’s ouster brings EU regulatory debate into focus Read More »
By Anna Tong, Krystal Hu and Jody Godoy (Reuters) -Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company’s board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees. Sources said investors are working with legal advisers …
By Paul Sandle LONDON (Reuters) – James Dyson, the billionaire inventor of the bagless vacuum cleaner, told London’s High Court a 2022 newspaper column that branded him a hypocrite who had “screwed” Britain was “not only wrong but incredibly harmful” to his reputation. Dyson is suing Daily Mirror publisher MGN over print and online articles …
Brexit backer Dyson says hypocrisy claim over HQ move abroad ‘incredibly harmful’ Read More »
By Siddarth S and Shashwat Chauhan (Reuters) – UK’s FTSE 100 receded on Tuesday with heavyweight energy stocks falling on lower crude prices, while the pound gained steam after comments from Bank of England officials, further pressuring the exporter-heavy index. The large-cap FTSE 100 fell 0.2%, while the mid-cap index slipped 1.4%. Sterling rose 0.2%, …
UK’s FTSE 100 falls as firmer pound, energy stocks weigh Read More »
FRANKFURT (Reuters) – The euro zone’s commercial real estate market could struggle for years, leaving bank loan books, investment funds and insurers exposed, the European Central Bank said on Tuesday. Economic weakness and high interest rates have depressed real estate prices over the last year, reducing real estate firms’ profitability and even challenging the commercial …
Commercial real estate market could struggle for years, ECB says Read More »
