Reuters UK Business

By Supantha Mukherjee, Elvira Pollina and Rachel More STOCKHOLM/MILAN/BERLIN (Reuters) -Italy’s move to temporarily ban ChatGPT has inspired other European countries to study if harsher measures are needed to rein in the wildly popular chatbots and whether to coordinate such actions. While European parliamentarians disagree over the content and reach of the EU AI Act, …

Italy’s ChatGPT ban attracts EU privacy regulators Read More »

(Reuters) – British outsourcing company Capita said on Monday there was no evidence of any data being compromised after a cyber incident last week impacted its internal Microsoft Office 365 applications. The incident on Friday caused disruption to some services provided to individual clients, the company said, adding that the majority of its client’s services …

UK outsourcer Capita says no data compromised after cyber incident Read More »

FRANKFURT (Reuters) – Germany’s federal government issued licenses for the export of armaments worth 2.4 billion euros ($2.61 billion) in the first quarter, down 2.4% year on year, according to preliminary figures issued on Monday by the ministry of economic affairs and climate action. In the first quarter last year the figure stood at 2.88 …

Germany approves fewer arms exports in first quarter than Q1 2022 Read More »

By Sam Tobin LONDON (Reuters) – Global payments processors Visa and Mastercard are fighting a new set of lawsuits over fees charged to retailers, with their lawyers telling a London tribunal on Monday that the proposed collective cases serve no purpose. The two firms already face a litany of lawsuits in London over so-called multilateral …

Visa, MasterCard tell UK tribunal to block new mass actions Read More »

(Reuters) – Cineworld said on Monday it would no longer put up for sale its U.S., UK and Ireland businesses as the movie chain operator failed to find a buyer for the group, sending shares in the cinema chain operator down 35%. The company, which put a majority of its business under Chapter 11 bankruptcy …

Cineworld ditches sale of US, UK businesses after failing to find buyer Read More »

By Shubham Batra (Reuters) – European shares rose on Monday, after ending a volatile quarter higher, as oil heavyweights rallied after a surprise announcement by OPEC+ to cut production further lifted crude prices. The gains were, however, limited by a rise in U.S. and European bond yields that led to technology shares falling 0.7%, as …

European shares rise as OPEC+ output cuts boost oil majors Read More »

BERLIN (Reuters) – German accounting watchdog APAS has banned EY from taking on new audits for companies of public interest for two years and handed the firm a 500,000 euro ($541,650.00) fine, German business daily Handelsblatt reported on Monday. APAS declined to comment on the matter. The regulator is expected to release a statement on …

German regulator hands EY 2-year audit ban over Wirecard scandal – Handelsblatt Read More »