Corporate Dispatch

Binance.US suspends US dollar deposits after crackdown by regulators

June 8 (Reuters) - Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as…

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Tesla considering building 4.5 bln euro car factory in Spain

MADRID, June 8 (Reuters) - U.S. electric car manufacturer Tesla TSLA.O is in talks with the leaders of the regional government of Valencia in Spain to build a car factory,…

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Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint

By Foo Yun Chee BRUSSELS, June 8 (Reuters) - Meta Platforms' Instagram, Alphabet's YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European…

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Wizz Air sees return to profit on strong demand, summer preparations

By Sarah Young LONDON, June 8 (Reuters) - European low-cost airline Wizz Air is confident that strong bookings combined with a big investment in its operations to avoid last year's…

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Microsoft to offer OpenAI’s GPT models to government cloud customers

(Reuters) - Microsoft Corp is bringing the powerful language-producing models from OpenAI to U.S. federal agencies using its Azure cloud service, it said in a blog post. The Redmond, Washington-based…

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Meta introduces broadcast tool Channels on WhatsApp

June 8 (Reuters) - Meta Platforms on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make the app a "private broadcast messaging product." Users…

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UPDATED: Telegraph owner tables bid to keep control of newspapers

June 8 (Reuters) - The owners of Telegraph group of newspapers have tabled a proposal to restructure its debt to Britain's Lloyds Banking Group an attempt to regain control of…

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UPDATED: Japan’s Isuzu says it is not planning to relocate factory from Thailand to Indonesia

TOKYO, June 8 (Reuters) - Japanese truck maker Isuzu Motors 7202.T on Thursday said it was not planning to move a factory from Thailand to Indonesia, a day after the…

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Volvo Cars launches EX30 electric SUV with focus on affordability

New small SUV unveiled in Milan, Italy Has entry of price around 36,000 euros Already available to order in some markets Customers can choose LFP or NMC battery Volvo Cars…

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ACI Europe says European April airport traffic ‘closest yet’ to full recovery from COVID-19

June 7 (Reuters) - Passenger traffic in European airports in April was the closest to a full recovery from the COVID-19 pandemic of any month so far, Airports Council International…

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Batman wins EU trademark dispute with Italian designer

By Foo Yun Chee BRUSSELS, June 7 (Reuters) - Caped crusader Batman won a trademark fight with an Italian clothing retailer on Wednesday after Europe's second-top court sided with an…

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Vodafone and Hutchison to announce UK merger as soon as Friday

HONG KONG/LONDON, June 7 (Reuters) - Vodafone and CK Hutchison are in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as…

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Qantas sees air fares slipping off highs as capacity returns

ISTANBUL, June 5 (Reuters) - Air fares are moderating as capacity returns to the global airline network after the pandemic, Qantas Chief Executive Alan Joyce said on Monday. Airlines have…

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OpenAI mulling Israel investment opportunities, Microsoft says

JERUSALEM, June 5 (Reuters) - OpenAI is considering investment opportunities in Israel, Microsoft Corp quoted the company's CEO, Sam Altman, as saying during a visit to the country on Monday.…

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France to provide 2.9 bln euros in aid for new STMicro/GlobalFoundries factory

By Dominique Vidalon and Sudip Kar-Gupta PARIS, June 5 (Reuters) - France said on Monday it will provide 2.9 billion euros ($3.10 billion) in state aid to help support an…

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Lufthansa CEO says it’s premature to discuss possible takeover of Portugal’s TAP

By Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) - Lufthansa's Chief Executive Carsten Spohr said on Sunday it was too soon to discuss the German airline group's potential interest in…

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UBS: takeover of Credit Suisse to close as early as June 12

By John Revill ZURICH, June 5 (Reuters) - UBS UBSG.S said on Monday it will complete its takeover of Credit Suisse CSGN.S "as early as June 12", creating a giant…

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Companies like Microsoft can help manage migration: incoming UN migration chief

By Emma Farge 9th American Amy Pope set to lead UN migration agency Says Western asylum systems are 'completely overwhelmed' Mediterranean deaths are symptom of broader trend GENEVA (Reuters) -…

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Lufthansa’s ITA deal heralds more European airline tie-ups

Analysts see Europe heading to US-style consolidation Italy saw Lufthansa deal as only way forward But M&A could be a distraction amid stiff competition By Joanna Plucinska and Angelo Amante…

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03

Jun

Eni bets on agri-business in Africa to expand biofuel production

Eni aims to develop farming ventures in at least 9 countries Eni replicates upstream-downstream model with agri-business Eni to decide over new bio-refinery in Livorno by year-end By Francesca Landini…

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Portugal wants to keep strategic stake in TAP privatisation

LISBON, June 2 (Reuters) - Portugal wants to keep a strategic stake in state-owned airline TAP and will not offer all its capital in the upcoming privatisation, the secretary of…

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Malta’s Traffic and Cost of Living Top List of Concern for Maltese

The traffic situation and the cost of living are currently the top reasons for concern for most according to misco’s latest survey “Public Concerns”, a survey carried out to gauge…

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Renault customers to lodge criminal complaint in France over faulty engines

PARIS, June 2 (Reuters) - Renault could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker next week,…

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Ryanair’s monthly traffic hits record high in May

DUBLIN, June 2 (Reuters) - Ryanair I flew a record 17 million passengers in May, its highest for a single month and a 10% increase from a year earlier, the…

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Florence wants to ban Airbnb rentals apartments from city centre

By Federica Urso and Federico Maccioni ROME, (Reuters) - Florence wants to ban residential properties in its historic centre from being used for short-term rentals by platforms such as Airbnb…

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Airline SAS predicts busy summer as loss shrinks

STOCKHOLM, June 1 (Reuters) - Scandinavian airline SAS expects a "busy summer season", it said on Thursday as it reported a reduced second-quarter pretax loss. The airline, which sought bankruptcy…

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Vivian Appoints Zampa Debattista As Financial Advisors

Vivian, a leading local pharmaceutical importer and distributor, announces the appointment of Zampa Debattista, a growing firm of accountants, auditors, and tax advisors, as its new financial advisors, a strategic…

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Nvidia CEO Jensen Huang: Boss of trillion-dollar chip firm powering the AI boom

By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) - Jensen Huang, the chief of chipmaker Nvidia Corp NVDA.O, has joined an elite list of tech executives to head a…

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Aphrodite gas field off Cyprus to be linked to Egypt – NewMed

JERUSALEM, May 31 (Reuters) - The offshore Aphrodite natural gas field being developed in Cypriot waters will be connected to an existing processing and production facility in Egypt via a…

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Sweden’s Handelsbanken to sell Finnish businesses for $1.4 bln

OSLO, May 31 (Reuters) - Sweden's Handelsbanken said on Wednesday it has agreed to sell parts of its Finnish operation to three local companies for about 1.3 billion euros ($1.43…

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Xiaomi to make wireless audio products in India

NEW DELHI/BENGALURU, May 29 (Reuters) - Xiaomi Corp's Indian arm will start making wireless audio products in the country through a partnership with electronics manufacturer Optiemus in a push to…

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From Russia with gold: UAE cashes in as sanctions bite

By Peter Hobson The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia's more traditional export routes, Russian customs records…

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Rome Fiumicino seen as Lufthansa’s new southern hub after ITA deal

By Angelo Amante ROME (Reuters) - Lufthansa hopes to develop Rome Fiumicino as a southern hub for the group and will focus on long-haul flights from the Italian airport to…

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Uber executive says European taxis joining platform

By Toby Sterling AMSTERDAM, May 29 (Reuters) - Uber is seeing an influx of European taxi drivers joining its platform, an executive told Reuters, a surprising development given the history…

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Microsoft announces a game-changer for fundraising and volunteer engagement

Microsoft Corp. announced a suite of new AI solutions and improvements to Microsoft Cloud for Nonprofit that are designed to transform the nonprofit industry and how fundraisers engage with donors,…

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Israeli carrier El Al to expand fleet and routes

JERUSALEM, (Reuters) - Israeli airline El Al reported a narrower first-quarter loss, and said it plans to expand its fleet while opening new routes. El Al, Israel's flag carrier, said…

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Investing in AI: how to avoid the hype

AI boom brings fresh challenge for investors AI-themed stocks highly valued Stick with big tech not AI stocks - investors By Naomi Rovnick LONDON, (Reuters) - Experienced tech investors are…

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French tyre maker Michelin sells its activities in Russia

May 26 (Reuters) - French tyre maker Michelin said on Friday it was selling its Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a…

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Embracing AI in Education – What’s in it for Educators?

AI has been the talk of town in recent weeks, with apps such as ChatGPT taking the world by storm, as social media debates the future of education when such…

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OpenAI has no plans to leave Europe, says CEO

OpenAI CEO reverses earlier threat to leave Europe Says had productive week of conversations about regulating AI EU lawmakers were critical about OpenAI's threat region By Supantha Mukherjee May 26…

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Lufthansa intends to fully take over ITA Airways – CEO

By Angelo Amante and Ilona Wissenbach Lufthansa to take 41% by way of capital increase German carrier to invest 325 million in Italian carrier Lufthansa to appoint new ITA Airways…

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Elon Musk’s Neuralink says has FDA approval for study of brain implants in humans

By Akriti Sharma and Rachael Levy (Reuters) - Elon Musk's brain-implant company Neuralink said the U.S. Food and Drug Administration (FDA) had given the green light to its first-in-human clinical…

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Asia-focused HSBC puts 12 countries on exit watchlist

Reviews presence in smaller markets to chase bigger Asian growth Looking to add 2,000 Chinese wealth managers over next two years By Lawrence White LONDON, May 24 (Reuters) - HSBC…

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UK inflation falls by less than expected, core inflation jumps

By Andy Bruce LONDON, May 24 (Reuters) - Britain's high inflation rate fell by less than expected in April and a closely watched core measure of price growth surged to…

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Netflix expands password sharing crackdown around the world

By Lisa Richwine and Dawn Chmielewski (Reuters) - Netflix Inc expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their…

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Tech and games at the heart of tomorrow’s education

It is no secret that technology and digital skills have become a must in today's world. In our increasingly interconnected and digitalized society, technology permeates nearly every aspect of our…

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Onslaught of inefficient meetings is exhausting workers according to Microsoft research

New research from Microsoft shows how out of hand our work calendars have gotten: Since February 2020, people are in 3 times more Microsoft Teams meetings and calls per week…

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SKF to build plant in Morocco for magnetic bearings

STOCKHOLM, May 22 (Reuters) - Sweden's SKF is investing 50 million crowns ($4.9 million) in a magnetic bearings factory in Tangier in Morocco, the company said on Monday. "The new…

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May