BoE’s Mann: Falling headline inflation, high core, make policy difficult
WASHINGTON (Reuters) – Falling energy prices will lower headline inflation towards the Bank of England’s 2% target, but pe..
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Elon Musk and others urge AI pause, citing ‘risks to society’
By Jyoti Narayan, Krystal Hu, Martin Coulter and Supantha Mukherjee (Reuters) -Elon Musk and a group of artificial intelligence expert..
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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..
Technology
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..
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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 ..
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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...
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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..
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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,..
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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..
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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..
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