(Reuters) -Billionaire Elon Musk is working on launching an artificial intelligence start-up that will rival ChatGPT-maker OpenAI, the Financial Times reported on Friday citing people familiar with his plans. Twitter-owner Musk is assembling a team of AI researchers and engineers, according to the FT report, and is also in discussions with some investors in SpaceX …
(Reuters) – Finnish forestry group UPM’s pulp mill in Uruguay has received authorization for its new Paso de los Toros pulp mill from the environmental authorities, the company said in a statement on Saturday. The mill will commence operations immediately, and first customer deliveries are expected to ship in May, it said. The company had …
Finland’s UPM says Uruguay pulp mill gets green light Read More »
By James Davey LONDON (Reuters) – A coalition of 15 major investors managing 2.4 trillion pounds ($3 trillion) will use this year’s shareholder meeting season to press some of Britain’s biggest listed employers to protect their lowest-paid workers during the cost-of-living crisis. Responsible investment group ShareAction, which brought the group together, said on Friday investors …
Investors to urge UK firms to protect low-paid workers Read More »
By Gram Slattery MANCHESTER, N.H. (Reuters) – On issues of policy, Tim Scott, the latest Republican to declare he is interested in a 2024 presidential bid, runs largely with the current, following the party line on hot button matters from abortion to immigration. On issues of style, however, the only Black Republican in the U.S. …
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc’s hiring of Andy Sieg, the incoming head of its wealth management unit, underscores the lender’s ambitions in the business as well as the uphill climb it faces in gaining share in a competitive market. The 55-year-old executive, known for crisscrossing the country to …
Citigroup bets on ex-BofA exec Andy Sieg’s connections to revamp wealth unit Read More »
By Alexandra Ulmer INDIANAPOLIS, Indiana (Reuters) – Former Vice President Mike Pence was booed at a gathering of the country’s largest gun rights lobby on Friday even as he sought to present himself as a more ardent defender of gun rights than his former boss Donald Trump. Trump, meanwhile, used the same forum on Friday …
Pence booed at NRA gathering even as he seeks to move right of Trump on guns Read More »
By Dan Whitcomb (Reuters) – The tech executive charged with stabbing Cash App founder Bob Lee to death in San Francisco confronted him earlier in the evening about his ties to the suspect’s younger sister, prosecutors said on Friday in court documents that outlined a possible motive. Nima Momeni, 38, was arrested on Thursday and …
BALLINA, Ireland (Reuters) – U.S. President Joe Biden delighted thousands of locals from his Irish ancestral home of Ballina on Friday when he saved the final words of his Ireland tour to back their Gaelic football team to break a famous decades-long curse. The proud Irish-American, wrapping up a nostalgic three-day visit to Ireland with …
‘Mayo for Sam!’ Biden delights Irish ancestors with sporting shoutout Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s steering committee on Friday said it would accelerate its discussions on quota reforms at the global lender with an eye to making “considerable progress” by its next meeting in October. Spanish Economy Minister Nadia Calvino, who chairs the International Monetary and Financial Committee …
IMF steering committee aims for ‘considerable progress’ on shareholding reforms Read More »
(Reuters) -Deposits at U.S. commercial banks rose in early April in a renewed sign of confidence in the banking sector after massive deposit outflows following last month’s failure of two large regional banks. Federal Reserve data released on Friday showed deposits at all commercial banks rose to $17.43 trillion in the week ended April 5, …
US bank deposits rose, loans ticked down in latest week -Fed data Read More »
