Reuters US Business

By Andres Gonzalez LONDON (Reuters) – Citigroup is looking to boost its business in Europe despite political instability on the continent spooking investors, the bank’s new head of the region Ignacio Gutierrez-Orrantia said in an interview with Reuters. The U.S. bank, which last year undertook its most significant restructuring in decades, is currently placed fourth …

Citi bets on Europe despite political uncertainty, regional CEO says Read More »

By Ron Bousso LONDON (Reuters) -Energean has agreed to sell its assets in Egypt, Italy and Croatia to private equity fund Carlyle for up to $945 million, the Mediterranean-focused oil and gas producer said on Thursday. The deal will include a cash payment of $504 million which will allow the London-listed company to pay a …

Energean to sell Med oil and gas assets to Carlyle for up to $945 million Read More »

(Reuters) -The U.S. Securities and Exchange Commission has closed its investigation into the blockchain protocol Ethereum 2.0, cryptocurrency firm Consensys said in a post on social media platform X late on Tuesday. The firm filed a lawsuit seeking an injunction against the U.S. SEC in April over regulation of the Ethereum blockchain. Consensys founder Joseph …

Crypto firm Consensys says US regulator has closed inquiry into Ethereum 2.0 Read More »

(Reuters) – ChatGPT maker OpenAI’s co-founder and former chief scientist Ilya Sutskever said on Wednesday that he was starting a new artificial intelligence company. The company is focused on creating a safe AI environment at a time when some of the biggest tech companies are looking to dominate the generative AI boom. The company is …

Former OpenAI chief scientist to start a new AI company Read More »

(Reuters) -WestJet said on Wednesday it has started cancelling and consolidating flights as it prepares for a strike by its aircraft maintenance engineers and other technical operations employees. In preparation for the expected strike, set to begin at 9 p.m. ET on Thursday, WestJet said it was cancelling 40 flights over June 18-19, affecting 6,500 …

WestJet Airlines cancels flights expecting union strike Read More »

(Reuters) -Dell Technologies and Super Micro Computer will provide server racks for the supercomputer that Elon Musk’s artificial intelligence startup xAI is building, the U.S. businessman said on social media platform X on Wednesday. Dell is assembling half of the racks for xAI’s supercomputer, Musk said on X. In a reply to another post enquiring …

Dell, Super Micro providing server racks for xAI’s supercomputer Read More »

STOCKHOLM (Reuters) – Sweden’s financial supervisory authority has fined Nasdaq Stockholm 100 million Swedish crowns ($9.59 million) for not complying with bourse rules at several occasions in recent years, the regulator said in a statement on Wednesday. “Investigations show that, in conjunction with … four company events, there have been deficiencies in how Nasdaq Stockholm …

Sweden fines Nasdaq $9.6 million over regulatory violations Read More »

(Reuters) – Europe’s biggest food delivery firm Just Eat Takeaway said on Wednesday it has struck a deal to offer Amazon Prime members in Germany, Austria and Spain free delivery of food orders above 15 euros ($16.13). Just Eat said there were no financial terms to the partnership which it deemed “mutually beneficial” for both …

Just Eat Takeaway teams up with Amazon in Germany, Austria, Spain Read More »