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Asian stocks make 7-month highs, Australian dollar gains on hot inflation
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Global economy seen facing a challenging year -Eurochambres
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Ford to make call on Europe job cuts by mid-Feb as buyers circle German site
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Exclusive-Binance moved $346 million for seized crypto exchange Bitzlato, data show
Prada’s Lorenzo Bertelli sets out ‘soft transition’ to new leadership
Date: January 25, 2023
By Elisa Anzolin VENICE, Italy (Reuters) – Italian fashion group Prada is hiring former Luxottica chief Andrea Guerra to smooth the transition to the next generation of the family, Lorenzo Bertelli, son of Miuccia Prada and Patrizio Bertelli said on Tuesday. “It is a soft transition path over the years, nothing traumatic, a normal transition...
Sweden to upgrade Berzelius supercomputer with Nvidia AI systems
Date: January 25, 2023
STOCKHOLM (Reuters) – Sweden will upgrade its Berzelius supercomputer using Nvidia’s latest artificial intelligence (AI) systems to aid in understanding various diseases such as cancer and make it among the world’s fastest AI supercomputers. The system has also developed large language models capable of drafting a speech or answering questions in Swedish, sporting 20 billion...
Imported hydrogen can beat EU production costs by 2030 – study
Date: January 24, 2023
FRANKFURT (Reuters) – Imports of renewable hydrogen into the European Union by 2030 will be competitively priced compared with domestically produced clean hydrogen, a future energy source to replace fossil fuels, a study by Aurora Energy said on Tuesday. In the RePowerEU policy, lawmakers have assumed that hydrogen usage in the bloc will reach 20...
EU must do more to tackle antibiotic shortages, say patient groups
Date: January 24, 2023
By Natalie Grover and Maggie Fick LONDON (Reuters) -The European Union’s drug regulator needs to do more to tackle shortages of some widely-used antibiotics in the region, according to a letter from a group of European patient and consumer organisations reviewed by Reuters on Tuesday. The letter to the European Medicines Agency (EMA) comes as...
German consumer sentiment consolidates upward trajectory -GfK
Date: January 24, 2023
BERLIN (Reuters) – German consumer sentiment is set to improve for a fourth consecutive month in February as energy prices fall, a GfK institute survey showed on Tuesday. The institute said its consumer sentiment index rose to -33.9 heading into February from a revised reading of -37.6 in January, but was slightly below forecasts from...
Pickup in French manufacturing offers hope as services sector still weak -flash PMI
Date: January 24, 2023
PARIS (Reuters) – Output in the French economy fell slightly overall again in January, a purchasing managers’ survey showed on Tuesday, but manufacturing activity improved for the first time since August. A decline in activity in the country’s dominant services sector continued to drag down the overall picture, according to S&P Global’s flash composite purchasing...