Headlines

Elon Musk and others urge AI pause, citing ‘risks to society’

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..

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..

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..

EU approves law to end sales of new CO2-emitting cars by 2035

EU approves law to end sales of new CO2-emitting cars by 2035

BRUSSELS (Reuters) – European Union countries’ energy ministers gave final approval on Tuesday to a law ending sales of ne..

Home battery sales in Germany may surge 59% this year -study

Home battery sales in Germany may surge 59% this year -study

FRANKFURT (Reuters) – German sales of batteries to store solar energy at home may jump 59% this year as more residents seek a ch..