By Gianluca Lo Nostro and Mathieu Rosemain (Reuters) -Altice France, the owner of telecoms firm SFR, has rejected a bid from three French rivals, Altice CEO Arthur Dreyfuss told staff in a memo on Wednesday, dealing a blow to investor hopes for consolidation in the European telecoms market. Bouygues Telecom, Iliad’s Free and Orange said …
Altice France rejects joint bid for SFR from French telecoms operators Read More »
By Deepa Seetharaman (Reuters) -Artificial intelligence startup Anthropic has overhauled its smallest AI model, Haiku, as companies increasingly opt for AI systems that are nearly as capable as the most advanced tools – but come at a fraction of the cost. Anthropic said on Wednesday that the updated model, called Haiku 4.5, is about one-third …
US tech startup Anthropic unveils cheaper model to widen AI’s appeal Read More »
(Changes Veed to Veev and clarifies that Zyn is not snus in paragraph 8) ROME (Reuters) -Italy’s antitrust regulator said on Wednesday it had opened an investigation into Philip Morris Italia for alleged unfair commercial practices for its smokeless tobacco products. The tobacco giant allegedly promoted them in an incorrect way, using expressions like ‘smoke-free’, …
Italy’s antitrust regulator probes Philip Morris Italia over smoke-free products Read More »
By Leo Marchandon and Elizaveta Zhuravleva (Reuters) -French artificial intelligence company LightOn on Wednesday reported a 15% rise in first-half revenue compared with the same period the previous year. However, the company made a net loss of 3.7 million euros after investing around 6 million euros in infrastructure and staff hiring. WHY IT’S IMPORTANT LightOn, …
By Phoebe Seers and Iain Withers LONDON (Reuters) -Senior bankers in Britain will receive their bonuses earlier than previously thought, the Bank of England said on Wednesday, after it halved the length of time needed to qualify as part of efforts to boost UK competitiveness. The changed rules will also exempt bankers earning up to …
UK bankers to get bonuses earlier as Bank of England loosens rules Read More »
MILAN (Reuters) -Investment firm Ardian and Italian asset management company Finint Infrastrutture have signed an agreement to jointly acquire Milione Spa, the holding company that controls Save, operator of several airports including Venice’s Marco Polo. The transaction, expected to close between late 2025 and early 2026, gives the company an equity value of roughly 1.2 …
Ardian and Finint Infrastrutture jointly agree to buy Venice’s airport operator Read More »
By Sanchayaita Roy (Reuters) -London’s FTSE 100 closed lower on Wednesday as investors were cautious ahead of domestic GDP data due Thursday, with fiscal concerns including sticky inflation and the prospect of tax hikes weighing on sentiment. The benchmark FTSE 100 fell 0.3%, while the domestically focused FTSE 250 was down 0.03%. Focus will be …
UK’s FTSE 100 slips on fiscal worries ahead of GDP data; Burberry shines Read More »
By Arsheeya Bajwa and Aditya Soni (Reuters) -An investor group including BlackRock, Microsoft and Nvidia is buying one of the world’s biggest data center operators with nearly 80 facilities in a deal worth $40 billion to secure coveted computing capacity for artificial intelligence. The purchase of U.S.-based Aligned Data Centers from Australian Macquarie Asset Management …
BlackRock, Nvidia-backed group strikes $40 billion AI data center deal Read More »
(Reuters) -Meta Platforms said it is partnering with chip tech provider Arm Holdings to power the systems that drive personalization across its apps, including Facebook and Instagram, as companies rush to upgrade the chip technology underpinning their services. The social media giant will use Arm-based data center platforms to power its AI ranking and recommendation …
Meta taps Arm Holdings to power AI recommendations across Facebook, Instagram Read More »
MOSCOW (Reuters) -Russia’s Black Sea port of Novorossiisk has reached its maximum capacity to export, leaving traders struggling to reroute the crude oil it cannot refine domestically and that increased OPEC+ quotas allow it to produce, three market sources said. The Organization of the Petroleum Exporting Countries and allies, including Russia, have been unwinding output …
