Reuters UK Business

By Martin Coulter LONDON (Reuters) – The guest list for Britain’s upcoming global artificial intelligence (AI) summit will be limited to 100 politicians, business leaders and academics — and will exclude a host of prominent AI startups, according to one of its lead organisers. The highly anticipated event is set to test Prime Minister Rishi …

Britain limits AI summit guest list to 100 invitees, excludes startups Read More »

By Foo Yun Chee BRUSSELS (Reuters) – European Union antitrust regulators have commissioned a study into mobile ecosystems to help them counter any pushback from Apple and Alphabet’s Google in complying with new tech rules. The Digital Markets Act (DMA), which became applicable in May, forces Apple and Google to allow for third-party apps or …

EU to study mobile ecosystems to counter any Apple, Google antitrust pushback Read More »

(Reuters) – Social media giant Meta Platforms said on Wednesday that it has started rolling out generative artificial intelligence (AI) tools that can create content like image backgrounds and variations of written text for all advertisers. The company started testing these tools in May, giving access to a select group of advertisers in a “testing …

Meta starts rolling out generative AI tools for all advertisers Read More »

LONDON (Reuters) – Royal Bank of Scotland (RBS) on Wednesday lost an appeal over unfair commissions that were charged to customers who were sold payment protection insurance (PPI), potentially increasing lenders’ exposure to litigation over the long-running scandal. The United Kingdom’s Supreme Court unanimously allowed an appeal brought by two former customers of RBS, part …

RBS loses UK appeal over ‘unfair’ commissions on payment protection insurance Read More »

By Sheila Dang (Reuters) – Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought the company formerly known as Twitter in October 2022, according to third-party data provided to Reuters. The company has struggled to retain some advertisers since the takeover, as …

US ad revenue at Musk’s X declined each month since takeover -data Read More »

(Reuters) – British insurer Phoenix Group said on Wednesday Nicholas Lyons will return as chair of its board in December, after he stepped down last year to take up the full-time role of Lord Mayor of the City of London for a one-year term. Alastair Barbour, who took over as interim chair earlier last year, …

UK’s Phoenix Group says Nicholas Lyons to return as chair in December Read More »

(Reuters) – Russia’s finance ministry said on Wednesday it would increase the volume of deferred foreign currency purchases in the coming month to a cumulative total of 398.7 billion Russian roubles ($4.010 billion). The purchases, in line with Russia’s budget rule, will be deferred because the central bank in August said it would stop buying …

Russian finance ministry to increase deferred FX purchases in October Read More »

By James Davey and Sarah Young LONDON (Reuters) – Tesco raised its annual profit forecast on Wednesday as food inflation eased and shoppers snapped up Britain’s biggest supermarket’s basic and premium ranges, adding to momentum ahead of its key Christmas trading period. After reporting better-than expected first half results, Tesco Chief Executive Ken Murphy said …

Tesco upbeat on Christmas as UK shoppers get inflation respite Read More »