SoftBank to invest $500 million in OpenAI, The Information reports
(Reuters) – Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest fundi..
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Business
Big banks add October cut to ECB forecasts
LONDON (Reuters) -Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a qua..
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Exclusive-ByteDance plans new AI model trained with Huawei chips, sources say
(Reuters) – TikTok’s Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compat..
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UK business confidence falls from eight-year high, Lloyds says
By David Milliken LONDON (Reuters) – British business confidence ebbed slightly this month after reaching an eight-year h..
Business
Exclusive-Ubisoft activist investor says it has support of 10% of shareholders in management tussle
By Zaheer Kachwala (Reuters) – An activist investor pushing for a sale of “Assassin’s Creed” maker Ubis..
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Discounter Pepco’s sales hurt by supply chain disruption
By James Davey LONDON (Reuters) -European discount retailer Pepco Group said its fourth-quarter underlying revenue was lower th..
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Miniso shares slump on plans to buy stake in Yonghui Superstores
HONG KONG (Reuters) -Shares of Miniso Group Holding plunged as much as 39.2% to HK$20 ($2.57) on Tuesday after the company said..
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Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..
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Nike’s next CEO Hill brings a bootstraps mentality
By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on v..
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UK supermarket sales growth slows after summer holidays
LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer ..
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