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Northvolt and Scania unveil battery for heavy trucks
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Manchester United tanks on report Glazers may avoid sale with new investment
Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source
Date: April 18, 2023
Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source LONDON (Reuters) -Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto to try to win support for the company’s takeover bid rather than an internal overhaul, a source familiar with the situation said....
EU lawmakers call for summit to control ‘very powerful’ AI
Date: April 17, 2023
By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) -EU lawmakers urged world leaders on Monday to hold a summit to find ways to control the development of advanced artificial intelligence (AI) systems such as ChatGPT, saying they were developing faster than expected. The 12 MEPs, all working on EU legislation on the technology, called on...
Britain seeks to boost banking services from fintechs
Date: April 17, 2023
Britain seeks to boost banking services from fintechs By Huw Jones LONDON (Reuters) – Britain’s financial regulators said on Monday they would set up a new body over the next two years to encourage more competition in banking services through the use of third-party apps from fintech firms. Open banking refers to third-party firms using...
Analysis-Rocket startups face adapt-or-die moment amid investment drought
Date: April 17, 2023
Analysis-Rocket startups face adapt-or-die moment amid investment drought By Joey Roulette WASHINGTON (Reuters) – Demand for sending satellites into space remains strong, but U.S. rocket startups are taking drastic measures to survive a tight funding environment where fears have been exacerbated by the bankruptcy of Virgin Orbit. The industry faces an interesting dichotomy. Demand has...
Banking stability worries go behind closed doors at IMF-World Bank meetings
Date: April 17, 2023
Banking stability worries go behind closed doors at IMF-World Bank meetings By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Just a month after the biggest banking crisis in more than a decade, the world’s top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability – at least publicly....
Dollar hits one-month high against yen as traders bet on Fed rate hike
Date: April 17, 2023
Dollar hits one-month high against yen as traders bet on Fed rate hike By Harry Robertson LONDON (Reuters) – The dollar climbed to a one-month high against Japan’s yen on Monday as traders eyed up another interest rate hike from the Federal Reserve, while the Bank of Japan stuck to its easy-money policies for now....