(Reuters) -The BBC has threatened legal action against Perplexity, accusing the AI startup of training its “default AI model” using BBC content, the Financial Times reported on Friday, making the British broadcaster the latest news organisation to accuse the AI firm of content scraping. The BBC may seek an injunction unless Perplexity stops scraping its …
By Andy Bruce LONDON (Reuters) -An influx of taxes paid by businesses put Britain’s budget deficit on track to meet official forecasts at the start of the 2025/26 financial year, welcome news for finance minister Rachel Reeves as she seeks to repair the public finances. Official data on Friday showed public sector borrowing for May …
Tax hikes put UK budget deficit on track against official forecasts Read More »
LONDON (Reuters) -Britain said on Friday that it signed a new partnership with Bahrain that will see 2 billion pounds ($2.69 billion) of investment into financial services, clean energy, manufacturing and technology. “This 2 billion pounds commitment is yet another major vote of confidence in the UK economy, backing the key growth sectors we’ve identified …
Britain agrees $2.7 billion investment partnership with Bahrain Read More »
MELBOURNE (Reuters) -Glencore has called its Mount Isa copper smelter unviable and is waiting to hear back on its requests for assistance from state and federal governments to keep the facility open amid tough global conditions, it said on Friday. The UK-listed miner has been sounding the alarm in local media about its Mount Isa …
Glencore says Australia copper smelter unviable, asks for government help Read More »
By Libby George LONDON(Reuters) -A commission launched by the late Pope Francis has outlined financial reforms it says could help to avert decades of lost development in poor countries that face onerous repayments as global public debts reach record levels. The Jubilee Commission report is published ahead of the once-a-decade United Nations Financing for Development …
Vatican-backed report seeks financial reform to avert decades of lost development Read More »
BERLIN (Reuters) -German car manufacturers are likely to have incurred costs of around half a billion euros in April due to import tariffs imposed by U.S. President Donald Trump, the head of the VDA auto industry lobby group said an interview published on Friday. “We have roughly estimated that German manufacturers probably incurred additional costs …
By Paul Sandle PARIS (Reuters) -Opportunities in defence, emergency healthcare and cargo could help make flying taxis a reality in the next few years after the sector recently received backing from the Trump administration, executives in the industry said at the Paris Airshow. President Donald Trump this month told regulators to speed up certification to …
Defence opportunity could finally make flying taxis a reality Read More »
OSLO (Reuters) -Norway’s Equinor said on Friday its Johan Castberg oilfield in the Arctic Barents Sea was producing at peak capacity of 220,000 barrels of oil per day. Production at the field commenced on March 31 but was briefly offline in May for repairs following an outage. The initial reserves for Johan Castberg are estimated …
Equinor says Arctic Castberg oilfield producing at peak capacity Read More »
(Reuters) -German producer prices fell in line with expectations in May, decreasing by 1.2% on the year, the federal statistics office reported on Friday. Analysts polled by Reuters had expected a 1.2% decline. The office publishes more detailed data on its website. (Reporting by Maria Rugamer, Editing by Miranda Murray)
BRUSSELS (Reuters) -The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said. The programme, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative …
EIB to allot 70 billion euros for tech sector in 2025-2027-officials Read More »
