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Dollar dips before Fed announcement, Aussie gains after rate hike
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Facebook-owner Meta opens access to AI large language model
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Real risk of wage-price spiral in Germany, Deutsche Bank says
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Logitech counting on hybrid working to boost demand after rare sales downgrade
UniCredit launches staff training pilot project in Italy
Date: May 3, 2022
MILAN (Reuters) – Italian bank UniCredit said it had launched a pilot project to train staff in Italy to try to boost retention rates, weeks after rival heavyweight Intesa Sanpaolo announced a venture with a private equity firm centred around its learning operations. UniCredit CEO Andrea Orcel said retention rates were between 30% and 50%...
UK poised to ditch plans to empower tech regulator – FT
Date: May 3, 2022
(Reuters) – Britain is poised to shelve plans to provide statutory powers to a new technology regulator, in a blow to global efforts to curb the dominance of internet companies including Google and Facebook, the Financial Times reported on Tuesday. The government’s new legislative programme is not expected to include a bill to provide statutory...
Putin puts West on notice: Moscow can terminate exports and deals
Date: May 3, 2022
By Guy Faulconbridge LONDON (Reuters) – Russian President Vladimir Putin put the West on notice on Tuesday that he could terminate exports and deals, the Kremlin’s toughest response yet to the sanctions burden imposed by the United States and allies over the Russian invasion of Ukraine. Putin, Russia’s paramount leader since 1999, signed a broad...
VW embeds Qualcomm chips in autonomous driving software plans
Date: May 3, 2022
FRANKFURT (Reuters) – Volkswagen’s Cariad on Tuesday said it will source chips from U.S. semiconductor maker Qualcomm to develop autonomous driving software, which the German carmaker has made the backbone of its future strategy. Qualcomm will supply so-called system-on-chips (SoCs) for Cariad’s platform that aims to enable automated driving up to Level 4 standards, in...
Pope says he wants to go to Moscow to meet Putin over Ukraine – paper
Date: May 3, 2022
By Philip Pullella and Francesca Piscioneri VATICAN CITY (Reuters) -Pope Francis said in an interview published on Tuesday that he asked for a meeting in Moscow with Russian President Vladimir Putin to try to stop the war in Ukraine but had not received a reply. The pope also told Italy’s Corriere Della Sera newspaper that...
UK army investigating ‘fake priest’ breach near queen’s castle
Date: May 3, 2022
LONDON (Reuters) – The British army said on Tuesday it had launched an investigation after reports that a man who was pretending to be a priest spent a night at a barracks with soldiers tasked with protecting Queen Elizabeth near her Windsor Castle home. The Sun newspaper reported that the imposter was allowed onto the...