By David Milliken LONDON (Reuters) -Asking prices for newly advertised British houses and apartments recorded their biggest July fall in more than 20 years this month, property site Rightmove said on Monday. Prices for property put on sale during Rightmove’s July period – which runs from June 8 to July 12 – were 1.2% lower …
Rightmove reports record fall in July UK property prices Read More »
WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick said on Sunday he was confident the United States can secure a trade deal with the European Union, but August 1 is a hard deadline for tariffs to kick in. Lutnick said he had just gotten off the phone with European trade negotiators and there was “plenty of …
Commerce Secretary Lutnick says he is confident US will secure trade deal with EU Read More »
By Stefania Spezzati, Jesús Aguado and Lawrence White LONDON (Reuters) -The Bank of England has asked some lenders to test their resilience to potential U.S. dollar shocks, three sources said, the latest sign of how the Trump administration’s policies are eroding trust in the U.S. as a bedrock of financial stability. As the leading currency …
By Akash Sriram (Reuters) -Nvidia-backed Perplexity AI, the startup challenging Google with its AI-powered search engine, is in discussions with mobile device makers to pre-install its new Comet browser on smartphones, CEO Aravind Srinivas told Reuters on Friday. The move could significantly boost Perplexity’s reach by capitalizing on browser “stickiness”, where users tend to stick …
Perplexity in talks with phone makers to pre-install Comet AI mobile browser on devices Read More »
By Foo Yun Chee BRUSSELS (Reuters) -The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act). The move aims to counter criticism from some companies about the AI Act and …
AI models with systemic risks given pointers on how to comply with EU AI rules Read More »
LONDON (Reuters) -JP Morgan must stop suing directors of fintech Viva Wallet in Greece, London’s High Court ruled on Friday, in the latest round of a bitter legal battle over the Greek startup. The U.S. bank brought a lawsuit in Athens in January against Viva’s CEO Haris Karonis and three other directors, seeking 916 million …
JP Morgan must stop Greek lawsuit against Viva directors, UK court rules Read More »
By Sergio Goncalves LISBON (Reuters) -The Portuguese government will decide next week whether to replace or reappoint Bank of Portugal Governor Mario Centeno, whose five-year term ends on Saturday, Finance Minister Joaquim Miranda Sarmento said on Friday. Centeno has been the target of frequent criticism from the political right, now in power, for moving from …
Portugal to decide next week on future of central bank chief Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft will likely sign the European Union’s code of practice to help companies comply with the bloc’s landmark artificial intelligence rules, its president told Reuters on Friday, while Meta Platforms rebuffed the guidelines. Drawn up by 13 independent experts, the voluntary code of practice aims to provide legal certainty …
Microsoft likely to sign EU AI code of practice, Meta rebuffs guidelines Read More »
By Arunima Kumar (Reuters) -Exxon Mobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. Chevron’s deal, first announced in October 2023, closed on …
Analysis-Chevron wins Exxon case but loses time, oil and billions Read More »
By Marc Jones LONDON (Reuters) -The European Investment Bank’s ‘risk’ score has been revised up by leading ratings provider Morningstar Sustainalytics for a second time this year due to the European Union lending arm’s increasing push into military funding. Recent decisions by EU leaders in March mean the EIB can now directly fund military equipment …
Morningstar Sustainalytics raises EU lending arm’s ESG risk score over military funding Read More »
