PARIS (Reuters) – French inflation cooled more than expected in May to its lowest level in a year as energy and food price increases moderated, according to preliminary official data on Wednesday. Consumer prices dipped 0.1% over one month, giving an annual inflation rate of 6.0% after 6.9% in April, EU-harmonised data from the INSEE…
SHANGHAI (Reuters) – Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications, it said on Wednesday. The company will also launch a competition for developers to build applications off its ERNIE large language model (LLM)…
SHANGHAI (Reuters) – Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications, it said on Wednesday. The company will also launch a competition for developers to build applications off its ERNIE large language model (LLM)…
ANKARA (Reuters) – Turkey’s broadcasting watchdog has launched an inquiry into six opposition TV channels for “insulting the public” with their coverage of Sunday’s presidential election runoff, it said on Tuesday, without detailing what the insults were. The Radio and Television Supreme Council (RTUK) said viewers had complained. President Tayyip Erdogan extended his two-decade rule…
BEIJING (Reuters) – Agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, the U.S. company said in a statement on Wednesday. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year, it added. The…
SEOUL (Reuters) – North Korea made a failed attempt at launching its first spy satellite on Wednesday, with the booster and payload plunging into the sea, North Korean state media said, a setback in its pursuit of a space programme that dates to the 1990s. The United States, South Korea and the West have condemned…
(Reuters) – Colombia and Venezuela have reached an agreement to search for remains of victims who were killed by paramilitaries during Colombia’s internal armed conflict and reportedly buried in Venezuela, Colombia President Gustavo Petro said on Tuesday. The agreement follows recent confessions before the Special Jurisdiction for Peace (JEP) tribunal by former paramilitary commander Salvatore…
By Valentina Za and Sara Rossi MILAN (Reuters) -Italy will launch a new bond aimed at retail investors next week, targeting cash held in low-yielding bank accounts as it finds ways to compensate for dwindling European Central Bank debt purchases. Market sources say the sale of new BTP Valore (“BTP Value”) bonds with a four-year…
(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester sees no “compelling” reason to wait to implement another interest rate hike, Financial Times reported on Wednesday. “I don’t really see a compelling reason to pause,” Mester told FT in an interview. “I would see more of a compelling case for bringing the rates up and…
By Martin Quin Pollard BEIJING (Reuters) -Tesla Inc CEO Elon Musk kicked off his second day in China with visits to the country’s commerce ministry and industry ministry. Musk left his hotel on Wednesday morning accompanied by Grace Tao, Tesla’s China-based public affairs chief and Tom Zhu, head of global manufacturing. At the commerce ministry,…
