PITTSBURGH (Reuters) -U.S. President Donald Trump will announce $70 billion in artificial-intelligence and energy investments on Tuesday, according to a White House official and a person familiar with the initiatives. Trump will reveal details of these new initiatives at an event near Pittsburgh, where he will be joined by Republican Senator David McCormick, who is …
Trump to unveil $70 billion in AI and energy investments Read More »
By Emilio Parodi MILAN (Reuters) -Cashmere king Loro Piana, part of LVMH’s luxury empire, became on Monday the fifth high-end brand to be put under judicial administration in Italy over worker abuses in supply chains, after an investigation that has tainted the image of Italian luxury goods. Loro Piana Spa will undergo court monitoring for …
Loro Piana is latest Italian luxury brand under fire for worker abuse in supply chain Read More »
(Reuters) -Artificial intelligence startup Cognition AI on Monday agreed to acquire Windsurf, an integrated development environment platform, strengthening its position in the rapidly evolving enterprise software market. The deal follows Google’s $2.4 billion deal with Windsurf last week aimed at acquiring top talent and securing licensing rights to its technology. The deal with Google marks …
Cognition AI to buy Windsurf, doubling down on AI-driven coding Read More »
LONDON (Reuters) -Bank of England Governor Andrew Bailey stressed the importance of international cooperation to achieve finance stability, saying in a letter to G20 policymakers on Monday that uncertainty continued to weigh on global growth expectations. Bailey, who chairs the financial stability watchdog of the Group of Twenty (G20) major economies, said global cooperation and …
BoE’s Bailey says global cooperation is needed for financial stability Read More »
By Deborah Mary Sophia (Reuters) -Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire. His comments followed a Wall Street Journal report on Saturday …
Musk suggests Tesla investor vote on xAI investment, rules out merger Read More »
By Kate Abnett BRUSSELS (Reuters) -Brussels is set to propose capping the EU subsidies a single farmer can receive each year, in an attempt to redistribute the bloc’s massive farming subsidies in favour of smaller businesses, a draft European Commission proposal seen by Reuters, showed. The document is part of the Commission’s proposal for the …
EU wants farming subsidy cap in budget overhaul, draft shows Read More »
MOSCOW (Reuters) -The Russian rouble reversed losses against the dollar and rose against China’s yuan after U.S. President Donald Trump warned he would impose “very severe tariffs” on Russia if no deal on a peaceful settlement is made in 50 days. As of 1605 GMT, the rouble was 0.2% weaker at 78.10 per U.S. dollar …
Russian rouble, stock market gain after Trump’s statement on Russia Read More »
(Reuters) -French telecom operators Orange, Iliad-owned Free and construction-to-telecoms conglomerate Bouygues are exploring a deal to carve out Patrick Drahi’s French telecom operator SFR, the Financial Times reported on Monday. Dividing up SFR, which would probably be led by Bouygues or Iliad, would result in its assets being split between the companies, the newspaper said, …
Orange, Bouygues, Iliad-owned Free exploring carve-up of Patrick Drahi’s SFR, FT reports Read More »
FRANKFURT (Reuters) -The German Landesbank Helaba is weighing a takeover of the property bank Aareal, a person with knowledge of the matter said on Monday, a deal that would create a heavyweight in real-estate lending. Talks are at an early stage and could fall through, said the person, adding that investors were open to other …
German Landesbank Helaba is weighing Aareal Bank takeover, source says Read More »
(Reuters) -NatWest Group said on Monday it intends to exit its interest in Permanent TSB Group by selling about 63.6 million shares in the Irish bank. NatWest is the second-biggest shareholder in PTSB with a 11.7% stake, according to LSEG data. (Reporting by Shanima A in Bengaluru)
