LONDON (Reuters) – Deutsche Bank said on Tuesday it now expects the Bank of England to raise interest rates by half a percentage point at its August meeting. Data released earlier in the day showed a key measure of British wages rose at the joint fastest pace on record. “For now, evidence of still more…
(Reuters) – Sam Altman-backed Oklo has agreed to go public in the United States through a merger with his blank check firm in a deal that values the nuclear startup at $850 million, the companies said on Tuesday. Altman is bringing together Oklo that provides emission-free and affordable energy solutions and his special purpose acquisition…
By Victoria Waldersee and Jan Schwartz BERLIN/HAMBURG (Reuters) – Volkswagen was challenged by an investor association on Tuesday about the planned audit of its co-owned site in Xinjiang, China, adding to concerns raised by human rights activists that the measure would be ineffective. The Association of Critical Shareholders (DKA), which represents small investors on environmental,…
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission on Tuesday set out a plan in a bid to take the lead in the metaverse – shared virtual worlds accessible through the internet – and to prevent Big Tech dominating a nascent sphere that could boost economic growth. The EU initiative comes as Facebook…
By Brendan O’Brien and Rich McKay (Reuters) -Torrential downpours unleashed flash floods on the U.S. Northeast on Monday that washed out roadways, overwhelmed rivers, prompted 50 swift boat rescues and killed a woman who was swept away in front of her fiancé, officials said. More than 13 million Americans were under flood watches and warnings…
(Reuters) – Salesforce will raise prices for some of its cloud and marketing tools by an average 9% from August, the maker of software for customer relations management said, sending its shares up nearly 4% in early trading on Tuesday. Its first price hike in seven years comes at a time when Salesforce and several…
By Jeffrey Dastin and Stephen Nellis (Reuters) – Anthropic, an artificial intelligence startup backed by Google, on Tuesday widened consumer access to its chat program Claude and upgraded underlying technology that the company says makes “Claude 2” better at tasks such computer coding and arithmetic. The San Francisco-based company said its new AI model, the…
By Luc Cohen NEW YORK (Reuters) -The leader of a U.S. think tank has been charged with acting as an unregistered agent of China, as well as seeking to broker the sale of weapons and Iranian oil, federal prosecutors in Manhattan said on Monday. Gal Luft, a citizen of the United States and Israel, is…
By Dan Peleschuk KYIV (Reuters) – Vivid helmet camera videos filmed by Ukrainian soldiers at the front line can give viewers a visceral feel of combat as Kyiv’s counteroffensive finally unfolds, even though experts warn against drawing strong conclusions about how the war is going. Ukrainian officials have been tight-lipped about the long-awaited operation since…
(Reuters) – The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently launched 15-inch MacBook Air, data from research firm Canalys showed. The report adds to early signs of a recovery in the industry, which has been…
