Reuters UK Business

FRANKFURT (Reuters) -Bosch CEO Stefan Hartung warned on Wednesday that Europe risks hindering its progress in artificial intelligence compared with other parts of the world through over-regulation. “Europe is unnecessarily delaying its AI future with excessive regulation,” said Hartung at a tech conference the German firm is hosting in the south-western city of Stuttgart. Bosch, …

Bosch CEO warns Europe against regulating ‘itself to death’ on AI Read More »

By Gilles Guillaume and Makini Brice PARIS (Reuters) -France is ordering an extra 800,000 cars with Takata airbags to be taken off the road, two weeks after a woman died in the northeastern town of Reims from injuries related to a faulty airbag. The move is the latest twist in the auto industry’s biggest-ever product …

France orders extra 800,000 cars off the road over Takata airbag scandal Read More »

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge in Manhattan on Wednesday dismissed a nationwide antitrust lawsuit accusing six companies that sell the vast majority of concrete and cement additives in the United States and Europe of conspiring to drive up prices. U.S. District Judge Lewis Liman said the “extreme and persistent” price hikes …

Concrete and cement additives price-fixing lawsuit dismissed by US judge Read More »

ZURICH (Reuters) -Swiss company Meyer Burger has filed for voluntary Chapter 11 bankruptcy relief in the United States, the solar panel manufacturer said in a court filing on Wednesday. Meyer Burger’s operations in both Europe and the United States have struggled to compete with cheaper products imported from Asia, piling pressure on the company. Late …

Swiss solar panel maker Meyer Burger files for US Chapter 11 bankruptcy relief Read More »

(Reuters) -Shell denied that it was in talks to buy BP after the Wall Street Journal reported on Wednesday that the oil major was in early discussions over a takeover of its British rival. “No talks are taking place. As we have said many times before, we are sharply focused on capturing the value in …

Shell denies it is in takeover talks with BP after WSJ report Read More »

By Valentina Za and Elizabeth Howcroft MILAN (Reuters) -The European Commission is set to clarify that the European Union’s crypto rules allow stablecoins issued by a company with an EU licence to be treated as interchangeable with those issued by a company’s non-EU entities, a source close to the matter said on Wednesday. The Commission …

European Commission to allow stablecoin interchangeability Read More »