Reuters exclusively reported that the European Commission would approve 2 billion euros in state aid for Thyssenkrupp’s plan to build a green steel plant at its headquarters in Duesseldorf. Sources told Reuters two days in advance that a decision in favor of the grant could come as soon as July 20, the day the Commission happened to unveil its decision. ...
EU regulators rebuff Meta’s offer to curb use of ad data
Reuters exclusively reported that Meta Platforms (META.O) offered to curb the use of competitors’ advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder. The post EU regulators rebuff Meta’s offer to curb use of ad data appeared first on Reuters News Agency.
Petrobras eyes steady investments in new five-year business plan, CEO says
Reuters broke the news that Brazil’s state-run oil firm Petrobras plans to keep total investments in its next five-year business plan in line with the last, based on an exclusive interview with CEO Jean Paul Prates. Investor concerns of a spending spree under a new leftist government have been relieved. The post Petrobras eyes steady investments in new five-year business...
Microsoft hit with EU antitrust complaint by German rival
Reuters exclusively reported that Microsoft (MSFT.O) was hit with an EU antitrust complaint by German rival alfaview on Thursday over its bundling of video app Teams into its Office product as the bloc’s regulator prepares to investigate the U.S. tech giant. The complaint, the second after Slack, comes as the EU competition enforcer prepares to open an investigation into Microsoft on this...
Black Sea grain deal: Russia refuses to renew and says no guarantees for ships now
Reuters was first to report that Russia was withdrawing from the UN-brokered agreement for a wartime safe shipping channel for Ukraine’s grain exports. The Monday announcement pushed global wheat prices sharply higher. U.S. wheat futures also jumped 8.5% on Wednesday and European grains soared after Reuters reported, ahead of competition, that Moscow would deem all ships traveling to Ukrainian ports...
Insight: Race towards ‘autonomous’ AI agents grips Silicon Valley
Reuters analyzes the new wave of AI helpers with greater autonomy, powered by the latest version of the technology behind ChatGPT and its rivals. The post Insight: Race towards ‘autonomous’ AI agents grips Silicon Valley appeared first on Reuters News Agency.
Stocks making the biggest moves after hours: Chegg, Beyond Meat, Paramount Global, Celanese and more
These are the stocks posting the largest moves in extended trading.