Reuters UK Business

Top French university bans use of ChatGPT to prevent plagiarism

27 Jan 2023

PARIS (Reuters) – Sciences Po, one of France’s top universities, has banned the use of ChatGPT, an artificial intelligence-based chatbot that can generate coherent prose, to prevent fraud and plagiarism. ChatGPT is a free programme that generates original text about virtually any subject in response to a prompt, including articles, essays, jokes and even poetry, …

Top French university bans use of ChatGPT to prevent plagiarism Read More »

Boeing to hire 10,000 workers in 2023 as it ramps up production

27 Jan 2023

By Valerie Insinna and David Shepardson WASHINGTON (Reuters) – Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases jetliner production, but will trim some support jobs, the U.S. planemaker said Friday. The Arlington, Virginia-based company boosted overall employment by about 14,000 workers in 2022 to 156,000 as of …

Boeing to hire 10,000 workers in 2023 as it ramps up production Read More »

German web hosting firm IONOS targets IPO value of up to $3.4 billion

27 Jan 2023

By Hakan Ersen, Pablo Mayo Cerqueiro and Emma-Victoria Farr BERLIN/LONDON (Reuters) -German web hosting firm IONOS is targeting a market capitalisation of up to 3.15 billion euros ($3.42 billion) in Europe’s first major initial public offering (IPO) since sports car maker Porsche last September. United Internet and its minority private equity partner Warburg Pincus are …

German web hosting firm IONOS targets IPO value of up to $3.4 billion Read More »

Vestas expects slower year ahead after 2022 sales disappoint

27 Jan 2023

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Vestas on Friday warned of a slower year ahead after the wind turbine maker posted disappointing 2022 sales hurt by project delays and impairments. The company said slow permitting processes in Europe and dampened U.S. activity before the impact of the Inflation Reduction Act kicks in will mean fewer wind …

Vestas expects slower year ahead after 2022 sales disappoint Read More »

Germany’s Bosch to increase stake in Sweden’s Husqvarna to 12%

27 Jan 2023

BERLIN (Reuters) -Bosch said on Friday it had agreed to increase its shareholding in Husqvarna to roughly 12%, making it the Swedish company’s biggest shareholder, as the German auto supplier seeks to strengthen the companies’ battery alliance. Shares in Husqvarna, a garden equipment company, were up 12.6% by 0839 GMT following the announcement of the …

Germany’s Bosch to increase stake in Sweden’s Husqvarna to 12% Read More »

Brevan Howard’s 2022 profit propelled by unit’s interest rate bets

27 Jan 2023

By Nell Mackenzie LONDON (Reuters) -An investment vehicle managed by hedge fund Brevan Howard delivered a successful 2022 on a surge in global borrowing costs, an investor presentation seen by Reuters showed. Most financial markets were roiled last year by the most aggressive pace of rate hikes from central banks such as the U.S. Federal …

Brevan Howard’s 2022 profit propelled by unit’s interest rate bets Read More »

Several Finnish unions plan strikes in February over wage disputes

27 Jan 2023

HELSINKI (Reuters) – A key union of Finnish industrial workers said on Friday it had rejected a settlement proposal in its wage dispute with employers, firming up plans that several unions will go on strike in February. High inflation and an uncertain economic outlook have stalled the ongoing round of negotiations between employee unions and …

Several Finnish unions plan strikes in February over wage disputes Read More »

Norway looks to safeguard reservoir levels, could curb power exports

27 Jan 2023

By Nora Buli OSLO (Reuters) -Norway on Friday announced plans to ensure sufficient domestic hydropower supply that could lead to restrictions on power exports if water reservoirs at hydropower stations fall to very low levels. “We want to ensure there is always enough water in our reservoirs. There should always be enough power in our …

Norway looks to safeguard reservoir levels, could curb power exports Read More »

Exclusive-JPMorgan looking to finance Italy’s Serie A for up to 1 billion euros -sources

27 Jan 2023

By Elvira Pollina MILAN (Reuters) – JPMorgan Chase & Co has written to Italy’s top soccer league to express a preliminary interest in supporting the development of Serie A’s media business, three people close to the matter said. Interest from the U.S. bank rivals that of several investment funds which have approached Serie A as …

Exclusive-JPMorgan looking to finance Italy’s Serie A for up to 1 billion euros -sources Read More »

British motor insurer Direct Line’s CEO Penny James steps down

27 Jan 2023

(Reuters) – Direct Line Insurance Group’s chief executive of nearly four years, Penny James, will step down with immediate effect after the British motor and home insurer faced “significant headwinds” in recent months, the company said on Friday. James, who joined Direct Line as finance chief in late 2017, took over as CEO in May …

British motor insurer Direct Line’s CEO Penny James steps down Read More »

Close Bitnami banner
Bitnami