(Reuters) – ChatGPT will soon hit the road. Mercedes-Benz on Thursday said U.S. drivers could power some of their luxury vehicles with ChatGPT in a test program starting June 16. Compatible with[...]
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Europe
Mondelez plans to separate Russia operations by year-end
(Reuters) – Oreo-maker Mondelez International said on Thursday it has scaled down operations in Russia and plans to make it a stand-alone business with a self-sufficient supply chain before the[...]
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European shares slip after ECB rate hike
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares slipped on Thursday after the European Central Bank (ECB) raised borrowing costs as expected and signalled more policy tightenin[...]
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Generali to buy Liberty Mutual’s Spanish Unit in $2.5 billion all-cash deal
ROME (Reuters) -Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion), in a move aimed at strengthening its property and casualty segment, Italy[...]
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ECB raises rates to 22-year high, in no mood to pause
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank raised borrowing costs to their highest level in 22 years on Thursday and left the door open to more hikes, extend[...]
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Italy reassessing GLAM scheme to handle state-guaranteed loans, sources say
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is reassessing how it plans to deal with billions of euros’ worth of loans it guaranteed during the pandemic and energy crises in[...]
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Unilever to scoop up frozen yogurt brand Yasso
(Reuters) – Unilever said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry’s, Ma[...]
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Small funds eyeing big gains pile on Venezuela debt
By Mayela Armas, Corina Pons and Rodrigo Campos CARACAS/MADRID/NEW YORK (Reuters) – Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds[...]
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Factbox-Who are Crispin Odey and hedge fund Odey Asset Management?
(Reuters) – Odey Asset Management (OAM) is fighting for survival after a media report alleging sexual misconduct by its founder Crispin Odey, one of Britain’s best-known hedge fund manager[...]
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