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German inflation likely to ease in September, key states indicate

BERLIN (Reuters) – German inflation is likely to ease significantly in September based on data from five key German states on Thursday, signalling what could be the beginning of the end for high inflation that has weighed heavily on Europe’s largest economy. Inflation in all five states – Bavaria, Baden-Wuerttemberg, Brandenburg, North Rhine-Westphalia and Hesse …

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Air France, motorway operators criticise French govt’s new tax plans

PARIS (Reuters) -Air France, airport group ADP and motorway operators criticised the French government’s plans to levy a new tax on the transport sector, saying that it would hurt their profits and make travel costlier. The 2024 budget bill, unveiled on Wednesday, introduced the tax on road operators such as Vinci and Eiffage, as well …

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European shares slip for sixth straight session, all eyes on Germany inflation data

By Bansari Mayur Kamdar (Reuters) – European shares edged lower for a sixth straight day on Thursday in choppy trading, with gains in energy stocks limiting losses, while investors awaited inflation data from Germany, the euro zone’s biggest economy. The pan-European STOXX 600 index reversed early gains and slipped 0.2% by 0809 GMT, while Germany’s …

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Shufersal cancels deal to set up SPAR supermarkets in Israel

By Steven Scheer JERUSALEM (Reuters) – Israel’s largest supermarket chain Shufersal said on Thursday it had cancelled a deal with SPAR to set up a network of the Dutch food retail chain’s stores in Israel, citing regulatory restrictions. Under the deal agreed last December and signed in March, Shufersal would invest tens of millions of …

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UK to ease finance sector rules to boost investment post-Brexit

By Huw Jones LONDON (Reuters) -Britain set out plans on Thursday to ease key banking and insurance rules in the latest attempt to boost its vital financial sector following the country’s departure from the European Union. Brexit has cut off Britain’s finance industry, which accounts for about 12% of UK economic output, from much of …

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ChatGPT users can now browse internet, OpenAI says

(Reuters) -ChatGPT users will now be able to surf the web, Microsoft-backed OpenAI said on Wednesday, expanding the data the viral chatbot can access beyond its earlier September 2021 cutoff. The artificial intelligence startup said its latest browsing feature would allow websites to control how ChatGPT can interact with them. “Browsing is available to Plus …

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Explainer-Who will save struggling airline SAS?

By Johannes Birkebaek and Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Scandinavia’s biggest airline SAS could announce as early as this week the result of an equity fundraising from potential investors looking to rescue the loss-making carrier. SAS filed for U.S. bankruptcy protection last year as it struggled to slash costs and debt amid strikes by pilots. …

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Meta unveils AI assistant, Facebook-streaming glasses

By Katie Paul and Anna Tong MENLO PARK, California (Reuters) -Meta Platforms Chief Executive Mark Zuckerberg on Wednesday rolled out new AI products for consumers, including smart glasses that can answer questions and stream directly on Facebook, as well as bots that create photo-realistic images and an updated virtual-reality headset. Zuckerberg described the products as …

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