BERLIN (Reuters) -German Chancellor Friedrich Merz inaugurated a supercomputer powered by Nvidia chips on Friday that is the world’s fourth-fastest, saying it helps Europe catch up with the leaders in AI, the United States and China. “We are today witnessing a historic European pioneering project,” Merz said at the Juelich research centre in western Germany, …
Germany’s Merz inaugurates Nvidia supercomputer for research Read More »
By Elisa Anzolin MILAN (Reuters) -Giorgio Armani established one of the world’s best-known fashion brands over the past five decades, and his death inevitably raises questions about the future of an Italian company whose independence he cherished. Giorgio Armani, who died on Thursday at the age of 91, was the sole major shareholder of the …
After Armani: what becomes of the fashion empire he built? Read More »
BELGRADE (Reuters) -Greece and OpenAI signed a memorandum of understanding on Friday to broaden access to AI tools in secondary education and foster innovation among small businesses, the U.S.-based artificial intelligence company said. The agreement makes Greece one of the first countries to implement ChatGPT Edu, a specialized version of ChatGPT designed for academic institutions, …
Greece, OpenAI agree deal to boost innovation in schools, small businesses Read More »
(Reuters) -Advertising group WPP Plc named insider Devika Bulchandani as its chief operating officer on Friday, days after announcing the year-end retirement of Andrew Scott. Laurent Ezekiel will replace Bulchandani as the global CEO of WPP’s advertising agency Oglivy. WPP’s boss, Cindy Rose, who took over from Mark Read in July, is overhauling operations at …
Ad group WPP names Ogilvy chief Devika Bulchandani as COO Read More »
BRUSSELS (Reuters) -Alphabet’s Google is set to be hit with an EU antitrust fine over its adtech practices later on Friday, three sources with direct knowledge of the matter said. The European Commission had originally planned to hand out the modest fine on Monday but opposition from EU trade chief Maros Sefcovic over U.S. tariffs …
WARSAW (Reuters) -Polish e-commerce company Allegro’s CEO on Friday denied that the company was in disagreement with any of its partners, despite its relationship with delivery partner InPost souring. “We do not believe that we are involved in any business or other dispute with any entity,” Allegro’s CEO Marcin Kusmierz, who took the top job …
E-commerce company Allegro not in disagreement with any partners, CEO says Read More »
By Muvija M LONDON (Reuters) -Jaguar Land Rover is working “at pace” to resolve a cyber incident that has severely disrupted its retail and production activities, the luxury carmaker said on Friday, with its factory staff told to stay at home until early next week. The breach, which the company disclosed on Tuesday, is the …
Jaguar Land Rover battling to overcome severely disruptive cyber breach Read More »
By Savyata Mishra and Kanchana Chakravarty (Reuters) -Lululemon Athletica’s shares slumped 20% in early trading on Friday after the Canadian yogawear retailer signaled a tepid holiday season, citing lackluster demand and steep tariff costs. The company, which was hopeful until recently that its weekly launches would boost demand, slashed its 2025 sales and profit forecasts …
Lululemon slides as weak US demand, tariff costs cloud holiday outlook Read More »
(Reuters) -Global equity funds drew their biggest weekly inflows in three weeks in the period to September 3, lifted by growing expectations of a Federal Reserve rate cut this month and a favorable antitrust ruling for Alphabet that buoyed sentiment. Investors poured a net $10.65 billion into global equity funds, the largest weekly purchase since …
Global equity fund inflows jump on rate cut expectations Read More »
(Reuters) -The London Stock Exchange Group has ceded exclusive rights to the rooftop of its data centre building to allow fair access to rivals, following a British probe into whether the arrangement restricted competition for high-speed trading services. Currently, only LSEG, which operates the London Stock Exchange and supplies data and analytics, can use the …
LSEG agrees to share connectivity space at data centre after UK probe Read More »
