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Reuters exclusively reported that EU industry chief Thierry Breton has said proposed EU rules on artificial intelligence are not up for bargaining, in response to OpenAI CEO Sam Altman’s threat to quit Europe if the rules are too onerous. Altman caved the following day after Breton’s comments, tweeting that OpenAI was not going to leave […]

Reuters was first to report that activist investor Carl Icahn had won enough Illumina Inc. shareholder support to install one of his nominees to the gene sequencing machine maker’s board of directors. Illumina’s market value of $30 billion made this the biggest board battle of the year, which came as Icahn seeks to reassert his […]

Reuters was ahead of the competition reporting UK inflation figures as consumer prices rose by a more-than-expected 8.7% last month and a closely watched measure of core inflation surged to a 31-yer high. UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen raising […]

Reuters exclusively revealed that online fashion giant Shein is exploring plans to build a manufacturing hub in Mexico as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint.   The post Fast-fashion giant Shein plans Mexico factory appeared first on Reuters News Agency.

Sources exclusively shared with Reuters that Avid Technology Inc (AVID.O), a provider of video and audio editing software and equipment, is exploring a potential sale.  The post Media editing software vendor Avid explores sale appeared first on Reuters News Agency.

Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The post Congo to hike stake in copper, cobalt venture […]

Reuters led reporting of the Turkish presidential elections, from initial reports showing President Erdogan’s comfortable lead to the subsequent local news of his lead dropping below 50%, making a runoff likely. With Erdogan facing the most credible challenge to his power in two decades, markets were watching the results closely. The lira and stock markets […]

Reuters was first to report that Argentina’s central bank would hike the benchmark interest rate 600 basis points to 97% after inflation overshot expectations in April to hit 109% on an annual basis. The latest huge hike, part of a package of emergency measures to rein in prices and bolster a weak local peso currency, […]

Reuters was first to report the news that a tribunal granted bankruptcy protection to India’s fourth largest airline Go First, bolstering chances of its revival but dealing a blow to lessors. The decision was keenly awaited by global leasing companies in Europe and elsewhere as the ruling now bars them from repossessing dozens of their […]

Reuters exclusively reported that China has told its “big four” state-owned banks to reduce the ceiling on interest rates they pay on some deposits. The interest rate self-disciplinary mechanism, a top regulatory body overseen by the People’s Bank of China, urged lenders to lower ceilings on some personal and corporate deposits by 30 basis points […]