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PRAGUE (Reuters) -The Czech government has banned the country’s public administration from using any of the services of Chinese AI startup DeepSeek due to data security concerns, Prime Minister Petr Fiala said on Wednesday. The move follows various restrictions on DeepSeek in other countries including Germany, Italy and the Netherlands, driven by concerns about data …

Czech government bans DeepSeek usage in public administration Read More »

By Shashwat Chauhan (Reuters) -Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street’s most-favored stocks. Shares of the leading chip designer rose as much as 2.8% to an all-time high of $164.42, …

Nvidia’s stock market value hits $4 trillion on AI dominance Read More »

(Clarifies paragraph 2) PARIS (Reuters) -The French competition authority said on Wednesday it had informed Meta Platforms that the Facebook owner was accused of abusing its dominant position in the online advertising sector. “(…) An objection has been notified to (…) Meta,” the authority said in a statement, adding this investigation, likely to last several …

French competition authority to investigate Meta’s online advertising practices Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine. At a July 7-8 workshop organised by the European Commission, the U.S. …

Google says discord over search results is unresolved; risks EU antitrust fine Read More »

By Amir Orusov (Reuters) -Battery electric cars sold in Europe produce 73% less life-cycle greenhouse gas emissions than their gasoline counterparts, according to research firm, the International Council on Clean Transportation (ICCT). Meanwhile, other powertrains, including hybrids and plug-in hybrids, show only marginal or no progress in reducing their climate impacts, the ICCT said. WHY …

Battery electric cars produce 73% less emissions -research Read More »

By Sanchayaita Roy and Sukriti Gupta (Reuters) -European shares closed at a four-week high on Wednesday, with banks the biggest boost as investors awaited signs of progress on a trade accord between the United States and the European Union. The pan-European STOXX 600 index rose 0.8% to its highest close since June 12. Italy’s bank-heavy …

European shares close at four-week high on banks boost; US trade talks in focus Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Rubik’s Cube owner Spin Master Toys UK on Wednesday lost its battle against a Greek rival as Europe’s second-highest court annulled trademarks related to the shape of the famous puzzle. Invented by Hungarian professor Erno Rubik in 1974, the multicoloured cube puzzle is popular among young and old, with …

Rubik’s Cube owner loses trademark battle with Greek rival Read More »