Uncategorized – Page 12 – Prologue Journal

AI rules ‘cannot be bargained’, EU’s Breton says after OpenAI CEO threat

Reuters Reuters exclusively reported that EU industry chief Thierry Breton has said proposed EU rules on artificial intelligence are not up for bargaining, in response to OpenAI CEO Sam Altman’s threat to quit Europe if the rules are too onerous. Altman caved the following day after Breton’s comments, tweeting that OpenAI was not going to…

UK inflation falls by less than expected, heaping pressure on BoE

Reuters Reuters was ahead of the competition reporting UK inflation figures as consumer prices rose by a more-than-expected 8.7% last month and a closely watched measure of core inflation surged to a 31-yer high. UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen…

Prosiebensat.1, Sky revive talks on German TV tie-up

Reuters Reuters reported exclusively that Prosiebensat.1 and Sky have revived talks for a merger of the businesses in Germany. Prosiebensat.1’s shares rose more than 3% after reporting. The post Prosiebensat.1, Sky revive talks on German TV tie-up appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/prosiebensat-1-sky-revive-talks-on-german-tv-tie-up/

Pentagon accounting error overvalued Ukraine weapons aid by $3 billion

Reuters Reuters was first to report that the Pentagon had overestimated the value of the ammunition, missiles, and other equipment it sent to Ukraine by approximately $3B, an error that may lead to additional weapons being sent to Kyiv for its defense against Russian forces. Reuters was also first to report that the amount could…

Repsol to invest $550 million in first Italian renewable projects

Reuters Repsol’s renewables head exclusively told Reuters that the Spanish oil company will develop more than 1.7 gigawatts (GW) of renewable energy projects in Italy, costing around 500 million euros ($550 million). The post Repsol to invest $550 million in first Italian renewable projects appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/repsol-to-invest-550-million-in-first-italian-renewable-projects/

Qatar fund explored claims against Switzerland for Credit Suisse losses

Reuters Sources exclusively revealed to Reuters that Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover as legal challenges to Switzerland’s state-backed rescue mount. The post Qatar fund explored claims against Switzerland for Credit Suisse losses appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/qatar-fund-explored-claims-against-switzerland-for-credit-suisse-losses/

UBS expects $34.8 billion ‘negative goodwill’ from Credit Suisse deal

Reuters Reuters was nearly an hour ahead in reporting Swiss financial giant UBS said it would record a one-off gain from the so-called ‘negative goodwill’ of $34.8 billion by buying Credit Suisse for a fraction of its book value. Reuters also comprehensively covered details of billions in potential costs and benefits from the deal that…

UBS set to gain EU nod for Credit Suisse deal

Reuters Reuters exclusively revealed that UBS (UBSG.S) is expected to secure unconditional European Union antitrust approval for its planned takeover of struggling Credit Suisse (CSGN.S), putting the Swiss bank closer to completing the deal. The post UBS set to gain EU nod for Credit Suisse deal appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/ubs-set-to-gain-eu-nod-for-credit-suisse-deal/

Turkey defers $600 million Russian energy payment under deal

Reuters Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow. The post Turkey defers $600 million Russian energy payment under deal appeared first on Reuters…

Ryanair places major Boeing jet order

Reuters Reuters broke the news on May 8 that Ireland’s Ryanair was close to announcing a major aircraft deal with Boeing, ending months of deadlock. Boeing shares initially rose about 1% and gained another 2% when the news was confirmed on May 9. In Europe, shares in Europe’s largest budget carrier also rose. The long-awaited…