By Krystal Hu (Reuters) -AI cloud provider CoreWeave has expanded its partnership with OpenAI in a new deal worth up to $6.5 billion, bringing the total value of their agreements to $22.4 billion, the latest in a series of billion-dollar deals OpenAI has signed to secure computational power. The agreement marks the third major expansion …
(Reuters) -Meta Platforms is set to face a charge sheet from the European Union for failing to adequately police illegal content, risking fines for violating the bloc’s content moderation rulebook, Bloomberg News reported on Thursday. The European Commission is preparing to issue preliminary findings saying that Meta’s Facebook and Instagram lack an adequate mechanism that …
Meta to face EU charge for failing to police illegal posts, Bloomberg News reports Read More »
MOSCOW (Reuters) -Russia’s debt-servicing costs will rise by 22.5% in 2026 from this year, reaching 8.8% of the total budget expenses, due to an increase in borrowing and high interest rates, Finance Ministry documents showed on Thursday. The government approved a three-year draft budget on September 24 with a rise in the value-added tax in …
Russia’s state debt-servicing costs will rise by 23% in 2026 Read More »
By Tim Hepher, Alexander Hübner and Supantha Mukherjee TUSSENHAUSEN, Germany (Reuters) -German defence startup Helsing unveiled a new autonomous combat drone on Thursday, joining a race to build remote-piloted systems that can swarm into battle with fellow robots or team up with crewed fighters to help reshape the future of warfare. Unveiling a full-size model …
ROME (Reuters) -Italian fashion group Brunello Cucinelli on Thursday rejected reports by short sellers that it is still conducting substantial business in Russia, saying its reduced activities in the area are in full compliance with European Union regulations. Following Russia’s invasion of Ukraine in 2022, the EU banned exports of luxury goods worth more than …
Brunello Cucinelli rejects short sellers’ report over Russia business Read More »
By Kritika Lamba (Reuters) -Accenture beat fourth-quarter revenue estimates and unveiled a six‑month, $865 million restructuring to realign its workforce and operations for rising demand in digital and AI services. The restructuring program highlights the broader trend of companies adapting their workforce and operations to meet growing demand for digital and AI services, while using …
Accenture beats revenue estimates, plans $865 million restructuring amid AI shift Read More »
BERLIN (Reuters) -German Chancellor Friedrich Merz is advocating for the European Union to unlock up to 140 billion euros ($164 billion) in frozen Russian assets to finance Ukraine’s war effort, marking the first public expression of support at this level from Germany for such a move. The proposal of an interest-free EU loan, outlined in …
Germany’s Merz pushes for use of frozen Russian assets for Ukraine Read More »
(Reuters) -London stocks closed lower on Thursday as investors turned cautious over inflation risks and the Bank of England’s interest rate outlook, while weakness in medical device makers and healthcare shares added to the drag. The benchmark FTSE 100 fell 0.4%, its biggest percentage slide in a week. The domestically focused FTSE 250 was down …
UK stocks fall as BoE policymaker flags inflation risks, medical device makers weigh Read More »
By Shashwat Chauhan and Amir Orusov (Reuters) -European stocks were dragged down by med-tech shares on Thursday after the U.S. launched fresh import probes, while investors sifted through comments from Federal Reserve officials and economic data for clues on the central bank’s next move. The pan-European STOXX 600 finished down 0.7%, having touched its lowest …
European shares touch three-week low as med-tech hit by US import probes Read More »
LONDON (Reuters) -Britain’s competition regulator has secured commitments from Ticketmaster to ensure customers are fully informed about prices after complaints about the sale of tickets for British band Oasis’s tour in the summer, the watchdog said on Thursday. Thousands of fans waited for hours online to get their hands on tickets for Oasis’s reunion shows, …
Ticketmaster commits to clearer pricing after Oasis tour complaints Read More »
