Reuters UK Business

By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – As the race to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old laws to control a technology that could upend the way societies and businesses operate. The European Union is at the forefront of drafting new AI rules that …

Regulators dust off rule books to tackle generative AI like ChatGPT Read More »

By Padraic Halpin DUBLIN (Reuters) – Ryanair achieved close to record full-year profit in the year to March 31 and is cautiously optimistic that robust summer demand will ensure modest profit growth in the next 12 months despite fuel costs being less “fortuitously” hedged. Europe’s largest airline by passenger numbers expects 10% traffic growth this …

Ryanair predicts strong summer after near-record annual profit Read More »

By Kate Holton and Paul Sandle LONDON (Reuters) – When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. …

Analysis-Vodafone’s new CEO faces tough calls to reconnect with investors Read More »

MILAN (Reuters) – Telecom Italia (TIM) is being urged by some directors to hold an extraordinary board meeting to name a candidate sponsored by top investor Vivendi to fill a vacant director seat at the former phone monopoly, two sources said on Saturday. Vivendi is currently at loggerheads with TIM’s management over its plans to …

Telecom Italia urged to call board meeting to name Vivendi candidate – sources Read More »

By Katya Golubkova and Andreas Rinke HIROSHIMA, Japan (Reuters) – The Group of Seven rich nations put support for gas investments back into their communique on Saturday, calling it a “temporary” step as they try to de-couple from Russian energy, in a move climate activists say may hurt climate goals. The April meeting of G7 …

G7 brings gas investments back in ‘temporary’ solution, to dismay of climate activists Read More »

TBILISI (Reuters) -Georgian Airways will resume direct flights to Russia from Saturday, the country’s civil aviation authority said, drawing criticism from Ukraine and the European Union. The move comes after Moscow lifted a flight ban last week in a significant warming of ties with Georgia, with which it has had no formal diplomatic relations since …

Georgia to resume flights to Russia this week, drawing EU and Ukrainian criticism Read More »

By Nelson Acosta and Dave Sherwood HAVANA (Reuters) – Russian officials and business leaders have signed multiple deals with Cuban counterparts at a forum in Havana this week, agreeing to work together to boost sugar and rum output, assure wheat and crude oil supply to the communist-run island, and overhaul crumbling tourist facilities. The longtime …

Russia and Cuba ink deals to revitalize communist-run island’s ailing economy Read More »

By Hyunjoo Jin San Francisco (Reuters) – Tesla is offering discounts of more than $1,300 on some Model 3 cars in its U.S. inventory following even heavier discounts in Europe, according to a Reuters’ review of its website, even as the electric carmaker has raised U.S. prices on most newly ordered cars this month. Facing …

Tesla offering discounts of over $1,300 on some U.S. Model 3 cars-website Read More »