Reuters UK Business

(Reuters) -Brussels negotiators hope that offering to accept U.S. tariffs of 10% across all of the European Union’s exports into the United States will avert any higher duties on cars, drugs and electronics, newspaper Handelsblatt reported on Monday. Citing high-ranking EU negotiators, the paper said the offer to U.S. counterparts would come only under certain …

EU prepared to accept flat 10% US tariff with conditions, Handelsblatt reports Read More »

STOCKHOLM (Reuters) -Microsoft on Monday said data stored by its European cloud customers would stay in Europe, under European Law, with operations controlled by its local personnel, and under full control of customers. European companies and governments have been increasingly worrying about their data being moved outside the continent into the hands of other countries …

Microsoft lays out data protection plans for European cloud customers Read More »

(Reuters) -Facebook owner Meta’s $14.8 billion investment in Scale AI and hiring of the data-labeling startup’s CEO will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny. The deal, announced on Thursday, was Meta’s second-largest investment to date. It gives the owner of Facebook a …

Meta’s $14.8 billion Scale AI deal latest test of AI partnerships Read More »

(Reuters) -Gucci owner Kering is reported to be close to appointing Renault’s ex-boss Luca de Meo as its new CEO. According to sources, current Kering chief Francois-Henri Pinault, whose family controls the heavily indebted luxury conglomerate and who has been leading it for 20 years, is mulling splitting the roles of CEO and chairman. The …

Major events in the history of French fashion group Kering Read More »

(Corrects sourcing of assertion in headline and paragraph 1 that de Meo is in line to join Kering to news report from company; information is not confirmed) By Anna Peverieri and Mateusz Rabiega (Reuters) -Gucci owner Kering is planning to appoint Luca de Meo, currently CEO of French carmaker Renault, as its new chief executive, according …

Who is Luca de Meo, reported to be Kering’s new CEO? Read More »

By Supantha Mukherjee PARIS (Reuters) -Nvidia CEO Jensen Huang has been pitching the idea of “sovereign AI” since 2023. Europe is now starting to listen and act. The concept is based on the idea that the language, knowledge, history and culture of each region are different, and every nation needs to develop and own its …

Nvidia’s pitch for sovereign AI resonates with EU leaders Read More »