ROME (Reuters) -Italy’s data protection watchdog is ready to allow the return of the ChatGPT chatbot at the end of April if its maker OpenAI takes “useful steps” to address the agency’s concerns, the authority’s chief Pasquale Stanzione said in an interview published on Tuesday. Microsoft Corp-backed OpenAI took ChatGPT offline in Italy in late…
By Josh Horwitz and Daniel Leussink SHANGHAI/TOKYO (Reuters) -Japan’s Nissan Motor on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it pledged its commitment to the Chinese auto market, which it said was likely to continue to pioneer the rise of electric cars. China has long been a key…
(Reuters) – French energy company TotalEnergies’ variable cost margin for European refineries jumped to $87.8 dollar per tonne in the first quarter, the company said in a preliminary release of main indicators on Tuesday. This indicator, which represents the average margin on variable costs realized by the group’s European refining business, compares with 46.3 dollars…
TOKYO (Reuters) – Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital. ValueAct, which owns a 4.4% stake in Seven & i, is calling for a spin-off of its 7-Eleven convenience store chain and is seeking to replace four of the 14 board…
ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse. UBS said it will use some of the shares for the takeover rather than cancelling them as originally planned after getting approval from the Swiss Takeover Board. Switzerland’s biggest bank agreed in…
SHANGHAI (Reuters) – Japanese automaker Nissan Motor aims to have seven electric vehicle (EV) models by 2026 and 80% of its line-up to be electric by 2030, chief operating officer Ashwani Gupta said on the sidelines of the Shanghai auto show on Tuesday. He said that China had already passed the tipping point where customers…
STOCKHOLM(Reuters) – Truck-maker Scania and battery producer Northvolt on Tuesday said they had developed an electric battery with a lifetime equivalent to that of a truck. The Swedish companies said the lithium-ion cell in tests had demonstrated a lifetime capacity to power trucks for 1.5 million kilometres (930,000 miles) – the same as a Scania…
A look at the day ahead in European and global markets from Kevin Buckland China’s post-Covid recovery is firmly on track, according to a barrage of data on Tuesday. The economy expanded 4.5% in the first quarter year-on-year, accelerating from the previous 2.9% reading and handily outstripping forecasts for 4% growth. Retail sales surged more…
BEIJING (Reuters) – China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue growth would slow in the second half of the year. Fiscal revenue rose 0.5% in the first three months of 2023 versus the…
SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Li Auto Inc said on Tuesday it plans to expand its line-up to 11 models by 2025, up from four currently, targeting the market for vehicles priced at 200,000 yuan ($29,100) and higher. Speaking on the sidelines of the Shanghai auto show, Li Auto’s president and chief engineer…
