GameStop expects first-quarter revenue to drop, shares tumble
(Reuters) -GameStop expects first-quarter net sales to drop from a year ago, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores. Shares of the company fell 10% in premarke...
May 17, 2024
Exclusive-VW and Renault end talks to develop affordable EV, sources say
By Gilles Guillaume and Christina Amann PARIS/BERLIN (Reuters) - Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, two sources familiar with the situation said, in a setback for ...
May 17, 2024
Vatican urges caution over weeping Madonnas and other supposed apparitions
By Alvise Armellini VATICAN CITY (Reuters) - The Vatican issued new guidelines on Friday recommending a cautious approach to supposed supernatural events such as weeping Madonnas and blood-dripping crucifixes that have for centuries whipped up the ...
May 17, 2024
UK's CMA says Microsoft-Mistral AI tie-up does not call for probe
(Reuters) - Britain's competition watchdog said on Friday the partnership between Microsoft and Mistral AI did not qualify for an investigation. The announcement comes after the Competition and Markets Authority (CMA) said in April it was seeking c...
May 17, 2024
EU demands clarity from Microsoft on AI risks in Bing
BRUSSELS (Reuters) -The European Commission could fine Microsoft if it doesn't provide adequate information on risks stemming from generative AI features in search engine Bing by May 27. The Commission said on Friday that it is worried about the dissem...
May 17, 2024
Reddit stock jumps after OpenAI partnership
(Reuters) - Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform with AI-enhanced experience and attract more advertising revenue....
May 17, 2024
Hong Kong allows China's digital yuan to be used in local shops
By Selena Li HONG KONG (Reuters) - Hong Kong will allow mainland China's pilot digital currency to be used in shops in the city, the head of its de facto central bank said on Friday, marking a step forward for Beijing's efforts to internationalise...
May 17, 2024
Prosus, parent group Naspers name Fabricio Bloisi as new CEO
(Reuters) -Dutch technology investor Prosus and its South African parent group Naspers on Friday named Fabricio Bloisi as the new chief executive, replacing long-time boss Bob van Dijk who stepped down last September. Bloisi, currently the CEO at iFood...
May 17, 2024
Exclusive-Shanghai compiles data list eligible for faster overseas transfer, document shows
SHANGHAI (Reuters) - Shanghai has compiled a list of data that can be transferred overseas without security assessments, according to a government document seen by Reuters, a much anticipated move as China tries to lure foreign investment to boost ...
May 17, 2024
Exclusive-Musk pushes plan for China data to power Tesla's AI ambitions
By Fanny Potkin SHANGHAI/SINGAPORE (Reuters) - Tesla is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed within the country, part of a strategic shift by Elon Musk, acc...
May 17, 2024