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What’s better than OpenAI? Developers shop for alternatives

What’s better than OpenAI? Developers shop for alternatives

By Krystal Hu NEW YORK (Reuters) – Microsoft-backed OpenAI is no longer the only game in town for software developers looking to..

Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount

Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount

MILAN (Reuters) – Private equity fund L Catterton and the Ontario Teachers’ Pension Plan (OTPP) said they had completed th..

Factbox-Five facts about returning UBS CEO Sergio Ermotti

Factbox-Five facts about returning UBS CEO Sergio Ermotti

LONDON (Reuters) – Sergio Ermotti has been rehired as the CEO of Swiss banking giant UBS to steer its massive takeover of rival ..

Wizz Air loses fight against $67 million in state aid for Romanian rival

Wizz Air loses fight against $67 million in state aid for Romanian rival

By Foo Yun Chee BRUSSELS (Reuters) – European budget carrier Wizz Air on Wednesday lost its fight against 62 million euros ($67...

Britain’s Next sees lower clothing inflation, shares dip on cautious outlook

Britain’s Next sees lower clothing inflation, shares dip on cautious outlook

By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday..

Banking turmoil means recession fears are creeping back

Banking turmoil means recession fears are creeping back

(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue,..

Asian stocks rally as bank jitters calm, Alibaba lifts mood

Asian stocks rally as bank jitters calm, Alibaba lifts mood

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares surged on Wednesday as easing concerns over the banking sector revived risk..

Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain

Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain

BOGOTA (Reuters) – Spanish ride-hailing app Cabify has raised $110 million in financing aimed at accelerating its growth in Lati..

UK broadcasters to stay prominent on smart TVs and speakers

UK broadcasters to stay prominent on smart TVs and speakers

LONDON (Reuters) – On-demand services from Britain’s BBC, ITV and other public service broadcasters must remain easy to fi..

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and..