(Reuters) – Dell Technologies on Monday launched new generative artificial intelligence (GenAI) solutions in collaboration with Nvidia whose chips enable the technology behind OpenAI’s ChatGPT. The tools will help businesses to build GenAI models and are an expansion of Dell’s Project Helix, which was launched in May. (Reporting by Jaspreet Singh in Bengaluru; Editing by…
HONG KONG (Reuters) – Hong Kong’s June retail sales rose 19.6% from a year earlier in the seventh consecutive month of growth thanks to a tourism recovery and positive consumption sentiment and the outlook is favourable, the city government said on Tuesday. Sales increased to HK$33.1 billion ($4.25 billion). That compared with a revised 18.5%…
By Ernest Scheyder (Reuters) – Li-Cycle said on Tuesday it has started operations at its German plant to break down electric-vehicle batteries for recycling, part of the company’s rapid expansion into the European market and plan to become one of the continent’s largest lithium producers. The facility in Magdeburg, roughly 112 miles (180 km)southwest of…
BERLIN (Reuters) -BMW lifted its annual outlook for its margin on earnings before interest and taxes (EBIT) in the automotive segment on Tuesday but said it foresaw ongoing challenges from supply chain issues and inflation in the second half of the year. The carmaker’s forecast mirrored that of competitors such as Mercedes-Benz which also raised…
By Mathieu Rosemain PARIS (Reuters) -Czech billionaire Daniel Kretinsky is in talks to buy Atos’s loss-making legacy operations in a 2 billion-euro ($2.20 billion) deal that will refocus the struggling French company on its cybersecurity and cloud assets, and cut its debt. Kretinsky, who made his fortune in the energy sector, is expanding his vast…
BERLIN (Reuters) -German unemployment fell unexpectedly in July, showing resilience in the labour market despite difficult economic conditions, but the first cracks are appearing. The Federal Labour Office said on Tuesday that the number of people out of work decreased by 4,000 in seasonally adjusted terms to 2.604 million. Analysts polled by Reuters had expected…
By Radhika Anilkumar (Reuters) -Britain’s Domino’s Pizza Group said on Tuesday it does not expect to raise its product prices further at the moment because the cost of cheese and pizza boxes is starting to stabilize, and forecast its full-year profit would beat market expectations. Shares in the company rose as much as 9% at…
By Tom Sims FRANKFURT (Reuters) – Germany’s property sector is under stress, prompting firms to call for government support, property developers to file for insolvency and share prices of landlords to plunge. The real estate industry in Europe’s largest economy long benefited from an era of cheap money that fed a decade-long boom, but now…
(Reuters) – Cineworld Group said it has emerged from Chapter 11 bankruptcy after nearly 11 months, coming out with lower debt and a new slate of management and board. The world’s second largest cinema chain operator behind AMC Entertainment said it has appointed former Chair and CEO of Warner Bros Ann Sarnoff to its board, along…
JOHANNESBURG (Reuters) – South African manufacturing activity contracted for the sixth consecutive month in July, driven by an increase in scheduled power cuts and transport disruptions, a survey showed on Tuesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) fell to 47.3 points in July from 47.6 points in June, falling further below the 50-point mark…
