MOSCOW (Reuters) -The Kremlin said on Tuesday that Russia offered top quality energy at a good price and so its partners would decide for themselves whether or not to buy Russian energy after the United States slapped sanctions on Russia’s top oil companies. The restrictions against Russia’s oil majors forced country’s second-largest oil producer Lukoil …
By Milana Vinn (Reuters) -SAP, Europe’s largest software provider, offered to buy accounting software firm BlackLine for nearly $4.5 billion in June but was rebuffed and is now considering a new approach, according to a copy of the offer letter reviewed by Reuters and a person familiar with the matter. The German software giant, which …
Exclusive-Germany’s SAP mulls new bid for software firm BlackLine, source says Read More »
RIYADH (Reuters) -Qatar’s finance minister said on Tuesday that artificial intelligence would be a big part of planned Qatari investments in the United States. “I would say most of the (QIA investment) will be in technology and AI because we see the growth in this field, and it is going to be rewarding,” Ali Ahmed …
By Alistair Smout LONDON (Reuters) -Britain’s budget watchdog is expected to cut a key productivity forecast by a larger-than-expected 0.3 percentage points, people familiar with the situation said, potentially leading to a 20 billion-pound ($26.8 billion) hit to the public finances. Finance minister Rachel Reeves has said the Office for Budget Responsibility is likely to …
UK faces bigger than expected cut to productivity forecast, sources say Read More »
(Reuters) -The head of the World Trade Organization (WTO) on Tuesday called for reforms of the 30-year-old institution, highlighting its consensus rule that requires unanimous agreement among members to secure global trade deals. “We need to reform the system, we cannot be complacent,” WTO Director-General Ngozi Okonjo-Iweala told the Future Investment Initiative conference in Riyadh. …
WTO Chief calls for reform of consensus rule amid trade disruption Read More »
(Reuters) -TerraPower, a nuclear innovation company founded by Bill Gates, has submitted a design for a new type of reactor and energy storage system for regulatory approval in Britain, in its first foray into international markets, the company said on Tuesday. The application to the UK’s Generic Design Assessment (GDA) process marks the first regulatory …
Bill Gates-backed TerraPower seeks UK approval for nuclear reactor design Read More »
ROME (Reuters) -Italian business and consumer sentiment rose in October, data showed on Tuesday, beating analysts’ forecasts in a boost for the euro zone’s third-largest economy. National statistics institute ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 94.3 this month from 93.7 in September. The sub-index …
Italy business and consumer sentiment rise in October, beating forecasts Read More »
(Reuters) -U.S. investment firm Long Path agreed to take British software provider Idox private in a 339.5 million pound ($438 million) deal on Tuesday, offering shareholders 71.5 pence per share in cash. The offer for the maker of specialist software for government planning, regulatory compliance and elections technology, by its second-largest shareholder, represents a 27.7% …
US firm Long Path to buy UK’s Idox for $438 million Read More »
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays will buy U.S. personal loan originator Best Egg for $800 million, the British bank said on Tuesday, as it tries to add scale in its personal banking business in the United States. The deal shows British lenders’ continued appetite for acquisitions after a run of strong …
Barclays snaps up US loan firm Best Egg for $800 million Read More »
By Foo Yun Chee and Leo Marchandon (Reuters) -Austrian privacy group noyb said on Tuesday it has filed a criminal complaint in Austria, accusing U.S.-based Clearview AI of illegally collecting photos and videos of European Union residents to build its facial-recognition database. Noyb said in a statement Clearview violated the EU’s General Data Protection Regulation …
Clearview AI faces criminal complaint in Austria for suspected privacy violations Read More »
