By Michelle Nichols UNITED NATIONS (Reuters) – The United Nations Security Council held its first meeting on artificial intelligence on Tuesday where China said the technology should not become a “runaway horse” and the United States warned against its use to censor or repress people. Britain’s Foreign Secretary James Cleverly, who chaired the meeting under …
UN Security Council meets for first time on AI risks Read More »
MADRID (Reuters) – Spain’s antitrust watchdog on Tuesday said it had imposed fines worth a total 194.1 million euros ($218.03 million) on Amazon and Apple for colluding to limit the online sale of devices from Apple and competitors in Spain. The two contracts the companies signed on Oct. 31, 2018 granting Amazon the status of …
Spain antitrust watchdog fines Amazon, Apple $218 million Read More »
By Toby Sterling AMSTERDAM (Reuters) -Dutch e-bike maker VanMoof has been declared bankrupt and administrators are considering whether it can sell assets and restructure to save the business, the company said on Tuesday. VanMoof, which raised 100 million euros ($112.56 million) to expand internationally as sales boomed during the COVID-19 pandemic, filed for protection from …
By Mike Spector and David French (Reuters) -Private equity firm Thomas H. Lee Partners (THL) has agreed to acquire a majority stake in Standish Management in a deal that values the U.S.-based fund administrator at about $1.6 billion, including debt, people familiar with the matter said. THL prevailed in an auction for the company over …
Buyout firm THL agrees $1.6 billion deal for Standish Management -sources Read More »
By Sudip Kar-Gupta and Foo Yun Chee BRUSSELS (Reuters) -French President Emmanuel Macron on Tuesday criticised EU antitrust chief Margrethe Vestager’s decision to hire a U.S. economist over a European to help oversee Big Tech, adding her previous work could lead to conflicts of interest. Leaders of the main political groups at the European Parliament …
France’s Macron slams hire of US economist for EU antitrust role Read More »
By Shashwat Chauhan (Reuters) -The UK’s main stock indexes closed sharply higher on Tuesday, aided by an upbeat mood on Wall Street after bank earnings and a rally in British homebuilders on hopes that interest rates will peak sooner than anticipated. The blue-chip FTSE 100 climbed 0.6%, with Ocado surging 19% as the online supermarket …
UK stocks end higher on US bank earnings cheer, homebuilders rally Read More »
LONDON (Reuters) – The vast majority of European funds marketed as sustainable say they are not aligned with the EU’s list of climate-friendly investments, or “taxonomy”, largely because there is too little data to make an assessment, research firm MSCI has found. The EU’s taxonomy is a complex system designed to classify which investments can …
Few ‘sustainable’ funds aligned with EU green criteria, MSCI finds Read More »
By Marie Mannes STOCKHOLM (Reuters) – Medical equipment maker Getinge on Tuesday reported a sharp drop in second-quarter core profit, hit by quality and supply chain problems in its Cardiac Assist and Cardiopulmonary product categories. The Swedish group had warned in June that the problems would have a negative impact of around 400 million Swedish …
Medical gear maker Getinge’s core profit halves on quality and supply issues Read More »
LONDON (Reuters) – TotalEnergies’ European refining margin indicator more than halved to $42.7 a tonne in the second quarter of 2023 from the previous three months, the company said on Tuesday. The second-quarter average margin veriable was more than two thirds lower than a year earlier, when global refining profits surged in the wake of …
TotalEnergies’ Q2 European refining margin indicator falls sharply Read More »
FRANKFURT (Reuters) – Italian shipbuilder Fincantieri is interested in closer cooperation with partner Thyssenkrupp, which is looking to divest its warship division TKMS, the company’s chief executive told a German newspaper. “Here we have two companies that fit well together and a cooperation that has proven its worth,” Pierroberto Folgiero told Sueddeutsche Zeitung. “We would …
Fincantieri CEO open to closer strategic cooperation with Thyssenkrupp Read More »
