BERLIN (Reuters) -The number of regular insolvencies in Germany fell by 0.7% year-on-year in May, its first decrease in more than two years, Federal Statistics Office data showed on Friday. “This was the first year-on-year decline in this leading indicator since March 2023,” said the office, without giving an explanation for the fall. The monthly …
Germany records fewer insolvencies for first time in over two years Read More »
By Krystal Hu, Rishabh Jaiswal and Kenrick Cai (Reuters) -Facebook-owner Meta has invested in Scale AI in a deal that values the data-labeling startup at $29 billion and brings in its 28-year-old CEO, Alexandr Wang, to play a prominent role in the tech giant’s artificial intelligence strategy. Meta will take a 49% stake for $14.3 …
Meta poaches 28-year-old Scale AI CEO after taking multibillion dollar stake in startup Read More »
(Reuters) -Global airline stocks tumbled on Friday as Israel’s widescale strikes on Iran drove a more than 9% surge in oil prices and prompted carriers to clear out the airspace over Israel, Iran, Iraq and Jordan. Travel and leisure stocks also fell as Iran’s retaliation raised fears of supply disruption at the Strait of Hormuz, …
Global airline, travel stocks slide as Israel strikes Iran Read More »
By Supantha Mukherjee PARIS (Reuters) -OpenAI plans to continue working with Scale AI after rival Meta on Friday agreed to take a 49% stake in the artificial intelligence startup for $14.8 billion, OpenAI’s CFO Sarah Friar told the VivaTech conference in Paris. Scale AI provides vast amounts of labelled or curated training data, which is crucial for developing …
OpenAI to continue working with Scale AI after Meta deal Read More »
By Andreas Rinke and Hakan Ersen BERLIN (Reuters) -Deutsche Telekom will join forces with Nvidia to establish an artificial intelligence cloud for European manufacturers in Germany, the companies said on Friday. Nvidia will supply 10,000 chips, or graphics processing units (GPUs), to be built into Deutsche Telekom’s existing data centres. The cloud, which the companies …
Deutsche Telekom, Nvidia join forces on manufacturers’ AI cloud in Germany Read More »
AMSTERDAM (Reuters) -The Dutch caretaker government has picked Olaf Sleijpen to head the country’s central bank, succeeding current president Klaas Knot whose term ends on July 1, the central bank (DNB) said on its website on Friday. Sleijpen currently is the central bank’s director for monetary affairs. The Dutch central bank president also serves as …
Dutch pick Olaf Sleijpen as new central bank president Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Union will demand companies disclose details of their Russian gas deals to the EU, under upcoming European Commission proposals to ban Russian gas imports by the end of 2027, an internal Commission document seen by Reuters showed. The Commission is preparing to propose legal measures to completely halt …
Exclusive-EU to demand companies share details of Russian gas deals, document shows Read More »
JAKARTA (Reuters) -Indonesia aims to seal a free trade agreement with the European Union in 2026, Indonesian trade ministry official Djatmiko Bris Witjaksono said on Friday, after the two sides completed their latest round of negotiations. Indonesia and the EU have been in discussions on the agreement for about nine years, and are aiming to …
Indonesia aims to seal EU free trade agreement in 2026, official says Read More »
By Gianluca Semeraro and Valentina Za MILAN (Reuters) -Mediobanca shareholders will vote on Monday on the final act of an overhaul its CEO Alberto Nagel began three decades ago to turn a bank born to fund Italy Inc’s postwar reconstruction, into its No. 2 wealth manager. To stave off a hostile bid from state-backed Monte …
Mediobanca’s Nagel bets on final makeover act to fend off Italian rival Read More »
LONDON (Reuters) -Britain’s statistics regulator ruled on Friday that official data on how rich British households are can no longer be treated as reliable, in another blow to the Office for National Statistics. The suspension of accredited status for the data by the Office for Statistics Regulation comes as the ONS is under investigation by …
UK regulator gives thumbs down to household wealth statistics Read More »
