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Apple internally discussed buying Mistral, Perplexity, the Information reports

(Reuters) -Apple has held talks internally about acquiring French AI startup Mistral as well as Perplexity, the Information reported on Tuesday, citing people familiar with the matter. Apple has trailed rivals such as Alphabet’s Google and Samsung in terms of roll-out of AI features in its devices. CEO Tim Cook signaled last month that Apple …

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Exclusive-Stellantis shelves Level 3 driver-assistance program as it downscales software ambitions, sources say 

By Nora Eckert DETROIT, August 26 (Reuters) -Stellantis has shelved its first Level 3 advanced driver-assistance program because of high costs, technological challenges and concerns about consumer appetite, three people familiar with the matter told Reuters.   As recently as February, Stellantis said its in-house system, which is part of the AutoDrive program, was ready for deployment …

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Exclusive-French industry wants sole leadership in joint fighter jet – document

By Sabine Siebold BERLIN (Reuters) -French industry is blocking entry into the next phase in the development of the Franco-German fighter jet FCAS by demanding sole leadership of the project, the German defence ministry says in a document seen by Reuters on Tuesday. In the document, sent to members of the German parliament’s budget committee …

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European shares tumble as French political risks, Fed independence concerns weigh

By Medha Singh, Sukriti Gupta and Purvi Agarwal (Reuters) -European shares closed lower on Tuesday, led by losses in France where the minority government looked increasingly likely to be ousted next month, while deepening concerns over the U.S. Federal Reserve’s independence dampened global risk sentiment. France’s main stock index <.FCHI> fell 1.7% and its bonds …

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London stocks caught in global pullback as Trump pursues Fed crackdown

(Reuters) -Britain’s FTSE 100 closed lower on Tuesday, snapping a five-day winning streak as global markets went into a risk-off mode after U.S. President Donald Trump said he was firing Federal Reserve Governor Lisa Cook. The blue-chip FTSE 100 closed 0.6% lower, coming off its record highs hit last week when markets got a lift …

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Ryanair and Booking.com reach tickets deal after long legal dispute

DUBLIN (Reuters) -Ryanair has struck a deal with Booking Holdings to let its Booking.com and KAYAK websites resell the airline’s tickets, the companies said on Tuesday, ending their years-long legal dispute. Ryanair has in recent years launched a series of legal actions against third-party booking platforms that resell its tickets without agreement, including Booking. It …

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Moscow court fines Google for failing to abide by Russian law

MOSCOW (Reuters) -A Russian court has fined Google 7 million roubles ($86,585) for violating local internet regulations, the court said on Tuesday via its Telegram channel. Google did not immediately provide a comment. ($1 = 80.8455 roubles) (Reporting by Reuters; Editing by Jan Harvey)

UK online retailer Debenhams sees interim profit growth amid turnaround

(Reuters) -British online fashion retailer Debenhams Group on Tuesday said it expects first-half core earnings to exceed year-ago levels amid a turnaround strategy to reverse costs pressures and revive demand, sending shares as much as 9% higher. The company rebranded in March to Debenhams from Boohoo, following a turbulent period marked by leadership changes, a …

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Klarna to seek valuation of up to $14 billion in IPO next month, sources say

STOCKHOLM (Reuters) -Swedish fintech Klarna will restart its plan to go public in the United States next month with a valuation of between $13 billion and $14 billion, according to two sources familiar with the matter. The company paused its IPO plans in April after U.S. President Donald Trump’s sweeping tariffs rattled global markets. It …

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Bank of England’s Mann sees case for ‘persistent’ hold of rates

By David Milliken LONDON (Reuters) -Bank of England Monetary Policy Committee member Catherine Mann said on Tuesday that she saw a strong case to keep Bank Rate on hold for a prolonged period but stood ready to cut rates forcefully if downside risks to growth materialise. Mann voted against this month’s quarter-point rate cut to …

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