Reuters UK Business

(Reuters) -Virgin Galactic Holdings, the space tourism firm founded by Richard Branson, said on Thursday its long-awaited commercial spaceflight service would launch later this month, sending its shares up over 55% in trading after the bell. The first spaceflight, called “Galactic 01”, is planned between June 27 and June 30, the company said. “Galactic 02” …

Virgin Galactic plans first commercial space service for June; shares take off Read More »

By Gilles Guillaume PARIS (Reuters) – The world’s No.3 carmaker Stellantis will unveil its first European-made affordable electric car in mid-October, the new Citroën e-C3, as it gears up to counter the arrival of lower-cost Chinese brands in the European market. Electric vehicles (EVs) are more expensive than their fossil-fuel counterparts and European carmakers plan …

Stellantis to unveil Citroën e-C3, first affordable European-made EV Read More »

By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Hawkish central banks have sent a resounding “no” to markets betting recession would force rate cuts soon, leaving money managers scrambling for direction as the second half of the year approaches. The U.S. Federal Reserve on Wednesday paused its most aggressive rate hiking cycle in decades, …

Analysis-Central banks push markets to rip up rate-cut playbook Read More »

By Jeffrey Dastin and Anna Tong SAN FRANCISCO (Reuters) – Alphabet Inc is cautioning employees about how they use chatbots, including its own Bard, at the same time as it markets the program around the world, four people familiar with the matter told Reuters. The Google parent has advised employees not to enter its confidential …

Google, one of AI’s biggest backers, warns own staff about chatbots Read More »

By Sabine Siebold BRUSSELS (Reuters) – Rheinmetall expects to strike an ammunition deal worth billions of euros with the German government in the coming weeks and will deliver the first 35mm rounds for Gepard anti-aircraft guns to Ukraine in July, its CEO, Armin Papperger, said on Thursday. “Germany is about to seal a large framework …

Rheinmetall expects German ammunition order worth billions soon -CEO Read More »

By Valentina Za MILAN (Reuters) – Intesa Sanpaolo, Italy’s biggest bank, on Thursday launched a new digital lender dubbed Isybank as it strives to upgrade the technology underpinning its business and cut costs. Isybank is powered by cloud technology provided by Britain’s ThoughtMachine, a cloud-native banking technology firm. The cloud services are supplied by Google …

Intesa launches cloud-based Isybank in digital push Read More »

(Reuters) – Meta Platforms said on Thursday subsidies from Big Tech should be the last option for European Union telecoms operators trying to get U.S. companies to foot some of their network cost. Deutsche Telekom, Orange, Telefonica and other operators have lobbied for two decades for U.S. tech giants to contribute to 5G and broadband …

Subsidies from Big Tech should be last option for EU telcos – Meta Platforms Read More »

By Paul Lienert (Reuters) -New vehicle demand from U.S. retail and commercial customers is outpacing expectations, two top Detroit auto executives said on Thursday. Their positive comments underscored an upbeat report by the U.S. Commerce Department that showed U.S. retail sales unexpectedly rose in May as consumers bought more motor vehicles and a range of …

Ford, GM see strong US consumer demand for vehicles Read More »