Reuters UK Business

By Sudip Kar-Gupta and Martin Coulter PARIS (Reuters) -France’s data watchdog carried out “checks” at Worldcoin’s Paris office this week, amid global regulatory pressure on the digital currency firm co-founded by ChatGPT-founder Sam Altman. France’s CNIL watchdog said in July it was investigating Worldcoin as the legality of its biometric data “seemed questionable”. “Checks took …

French data watchdog carries out ‘checks’ at Worldcoin Paris office Read More »

(Reuters) – Broadcom forecast fourth-quarter revenue slightly below Wall Street estimates on Thursday, on worries bleak enterprise spending and stiff competition in the networking chip space will outweigh benefits from a boom in artificial intelligence-led demand. Shares of the San Jose, California-based company fell 3.4% in extended trading. Soft enterprise demand, coupled with slower-than-expected recovery …

Broadcom forecasts quarterly revenue below expectations on broader demand weakness Read More »

(Reuters) – Hyundai Motor Group and LG Energy Solution will boost their investment in a Georgia joint venture battery cell manufacturing plant by $2 billion, Governor Brian Kemp said on Thursday. The 30 GWh facility will be able to support the production of 300,000 units of EVs annually at full production. The new investment hikes …

Hyundai Motor, LG Energy Solution to boost investment in Georgia JV by $2 billion Read More »

(Reuters) – Dell Technologies beat quarterly revenue expectations on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Shares of the Round Rock, Texas-based company rose 5% in extended trading. The results are the latest sign that a downturn in tech …

Dell beats quarterly revenue estimates on AI strength, demand recovery Read More »

PARIS (Reuters) – Credit rating agency Standard & Poor’s (S&P) said on Thursday it had cut its rating on debt-ridden French supermarket retailer Casino down to “D” denoting a likely default, after Casino failed to pay the interest on a bond. “Casino Guichard Perrachon S.A. has failed to pay the interest on its 400 million …

Rating agency S&P cuts retailer Casino to ‘D’ denoting likely default Read More »

WARSAW (Reuters) – If the downward trend in inflation continues and other macroeconomic factors do not change radically, there are reasons to discuss lowering interest rates, Polish central banker Gabriela Maslowska was quoted as saying on Thursday evening. Poland’s main interest rate has been on hold at 6.75% since September 2022. In August, inflation slowed …

Polish central banker says there are reasons to cut interest rates Read More »

By Noele Illien and Oliver Hirt ZURICH (Reuters) -UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying on Thursday it will axe 3,000 jobs in Switzerland alone after it took over its stricken rival Credit Suisse. The plan to cut roughly one in 12 Swiss jobs gives a …

After Credit Suisse takeover, UBS begins cost drive by axing 3,000 Swiss jobs Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) – Advocacy group Noyb on Thursday filed complaints against Google-owned Fitbit in Austria, the Netherlands and Italy accusing the fitness tracking company of violating the European Union’s General Data Protection Regulation (GDPR) privacy regime. Vienna-based Noyb (None Of Your Business), the digital rights group founded by privacy activist Max Schrems, …

Privacy activist Schrems files complaints against Google’s Fitbit Read More »