OpenAI CEO has no IPO plan due to ‘strange’ company structure
By Supantha Mukherjee STOCKHOLM (Reuters) – Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time…
Economy
Big global employers plan modest cuts to office space: Knight Frank
By Suban Abdulla LONDON (Reuters) – Half of large multinational companies plan to reduce office space as they adjust to…
Euro zone retail sales flat in April, with weaker food, fuel sales
BRUSSELS (Reuters) – Retail sales in the euro zone were unchanged in April, Eurostat said on Tuesday, as consumers spent…
Crypto stocks drop after US SEC sues Coinbase for failing to register
By Manya Saini and Sinéad Carew (Reuters) -Shares of Coinbase Global fell on Tuesday and were on track for their…
Hollywood actors authorize strike as writers still out
By Lisa Richwine LOS ANGELES (Reuters) -Hollywood’s actors union voted to authorize a strike if contract talks break down, turning…
Ford recalls 125,000 vehicles over engine failures that can cause fires
By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said on Tuesday it is expanding and issuing a new recall for…
US hotel developers run out of cash as construction lending dries up
(Corrects number of total hotel projects that have broken ground or are in preconstruction phase in 2023 to 324 from…
Emirates looks at placing new order for long-haul jets
ISTANBUL (Reuters) -Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787…
Analysis-Can Biden’s compromise strategy fix a divided US?
By Trevor Hunnicutt WASHINGTON (Reuters) – The deal to end the United States’ debt limit standoff was classic Joe Biden…
CEO of Germany’s Merck: decoupling from China would be at huge economic cost
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -The CEO of German technology group Merck KGaA said that unravelling trade…