By Stephen Nellis (Reuters) – Intel Corp on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson to make a custom chip for Ericsson’s 5G networking gear, using the most advanced manufacturing technology Intel has disclosed. Intel has lost its lead in manufacturing the smallest and most power-efficient semiconductors to rivals such …
Intel, Ericsson to work together on custom 5G chip Read More »
By Shashwat Chauhan and Khushi Singh (Reuters) – Britain’s FTSE 100 rose for the sixth straight session on Tuesday, supported by gains in miners after top consumer, China pledged to step up policy support for the economy, while Unilever soared on a quarterly sales beat. The blue-chip FTSE 100 rose 0.2%, helped by a 3.0% …
Miners boost FTSE 100 on China recovery hopes; Unilever shines Read More »
By Elizabeth Howcroft LONDON (Reuters) -Britain’s data regulator said on Tuesday it will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency. “We note the launch of WorldCoin in the UK and will be making further enquiries,” a spokesperson for …
UK data watchdog to make enquiries about Worldcoin crypto project Read More »
By Ludwig Burger and Thomas Escritt (Reuters) -Further deterioration in demand for glyphosate-based weed killers led Bayer to cut its full-year earnings outlook and announce a 2.5 billion euro ($2.8 billion) write-down on glyphosate-related assets. In an unscheduled statement late on Monday, the German drugs and pesticides maker said it was projecting 2023 earnings before …
Bayer slashes outlook as glyphosate demand weakens further Read More »
By Nell Mackenzie LONDON (Reuters) – Greenbridge, an investment firm named in a Viceroy Research report on Sweden’s Hexagon, said that public disclosures show that the shortseller’s claim of unfair dealings related to the timings and relationships on its investments are incorrect. The report by Viceroy Research published last week focused on tech and manufacturing …
Greenbridge investment firm disputes shortseller Viceroy Research claims Read More »
By Blake Brittain (Reuters) – Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges – and the company formerly known …
The problem with X? Meta, Microsoft, hundreds more own trademarks to new Twitter name Read More »
BERLIN (Reuters) -Germany plans to invest around 20 billion euros ($22.15 billion) in the semiconductor industry in the coming years, the economy ministry said on Tuesday, amid growing alarm over supply chain fragility and dependence on South Korea and Taiwan for chips. The country was able to attract global chipmakers to set up factories by …
Germany earmarks 20 billion euros in subsidies for chip industry Read More »
ROME (Reuters) – Italian Prime Minister Giorgia Meloni said on Tuesday she was ready to discuss minimum wage proposals with what she termed responsible opposition parties. Meloni, who took office in October last year, has frequently ruled out introducing a minimum wage in the past, saying it was not the right way to increase Italy’s …
Italy’s Meloni says ready to discuss minimum wage with opposition Read More »
By Rachel More BERLIN (Reuters) -German business morale deteriorated in July for the third month in a row, a survey showed on Tuesday, as analysts warned that Germany’s economic engine was struggling to recover after slipping into recession earlier this year. The Ifo institute said its business climate index stood at 87.3 following a revised …
Business confidence slips further as Germany faces sluggish recovery Read More »
By Richa Naidu LONDON (Reuters) -Unilever on Tuesday beat underlying sales growth forecasts after again raising prices to offset higher costs, boosting shares in the maker of Dove soap and Ben & Jerry’s ice cream. The British company reported a 7.9% rise in underlying second-quarter sales, beating analysts’ average forecast of 6.4%, a company-provided consensus …
Unilever quarterly sales beat estimates, boost shares Read More »
