(Reuters) – Inflation in the euro zone is proving tougher to crack than expected and the European Central Bank will likely need to raise interest rates further, possibly above 4%, Austrian central bank chief Robert Holzmann said on Saturday. “Inflation is proving much tougher than thought,” Holzmann, a member of the ECB’s policymaking Governing Council, …
ECB’s Holzmann expects more rate hikes to fight dogged inflation Read More »
By Anna Tong SAN FRANCISCO (Reuters) – After temporarily closing his leathermaking business during the pandemic, Travis Butterworth found himself lonely and bored at home. The 47-year-old turned to Replika, an app that uses artificial-intelligence technology similar to OpenAI’s ChatGPT. He designed a female avatar with pink hair and a face tattoo, and she named …
What happens when your AI chatbot stops loving you back? Read More »
(Reuters) – UBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG, Bloomberg News reported on Saturday. UBS is discussing scenarios in which the government would take on certain legal costs or other specific losses in any deal, the report said, citing people with knowledge …
UBS seeks Swiss backstop in any Credit Suisse deal – Bloomberg News Read More »
By Medha Singh and Joice Alves (Reuters) – Shares of First Republic Bank tumbled nearly 33% on Friday, leaving them down more than 80% in the past 10 sessions, despite a rescue package with $30 billion in deposits injected by large U.S. banks. The beleaguered lender was in talks to raise money from other banks …
First Republic shares tank almost 33% despite $30 billion support Read More »
FRANKFURT (Reuters) – Germany’s energy regulator has ruled out a gas supply emergency for the current winter but cannot give the all clear for the 2023/24 season, its president told a German newspaper. “We cannot rule out a gas shortage for the next winter. Risk factors are that the winter of 2023/24 could be very …
German energy regulator cannot rule out gas emergency for 2023/24 winter Read More »
By Jeff Mason and Simon Lewis WASHINGTON (Reuters) -U.S. President Joe Biden said on Friday that Russian President Vladimir Putin has clearly committed war crimes and the International Criminal Court’s (ICC) decision to issue an arrest warrant for him was justified. The ICC earlier on Friday called for Putin’s arrest on suspicion of unlawful deportation …
Biden says Putin committed war crimes, calls charges justified Read More »
By Bart H. Meijer and Olena Harmash AMSTERDAM/KYIV (Reuters) – The International Criminal Court (ICC) on Friday issued an arrest warrant for Russian President Vladimir Putin, alleging Moscow’s forcible deportation of Ukrainian children is a war crime, as the Kremlin reacted with outrage. Russia has not concealed a programme under which it has brought thousands …
Ukraine war: International court issues warrant for Putin’s arrest Read More »
(Reuters) -Former U.S. President Donald Trump posted to YouTube and Facebook on Friday, in a return to the tech platforms he used to power his political rise until he was cut off following the Jan. 6, 2021, attack on Congress by his followers. The posts on his Facebook page and YouTube channel, which were titled …
‘I’m back’: Trump returns to YouTube and Facebook after two-year ban Read More »
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said its executive board on Friday approved rule changes that would allow the IMF to approve new loan programs for countries facing “exceptionally high uncertainty” – a move expected to pave the way for a new Ukraine loan program. The changes to the IMF’s financing assurances …
IMF approves rule change that would allow new Ukraine loan program Read More »
By Ece Toksabay and Ceyda Caglayan ANKARA (Reuters) -President Tayyip Erdogan said on Friday Turkey’s parliament will start ratifying Finland’s accession to NATO, lifting the biggest remaining hurdle to enlarging the Western defence alliance as war rages in Ukraine, though he held off approving Sweden’s bid. Speaking in Ankara alongside Finnish counterpart Sauli Niinisto, Erdogan …
Turkey’s Erdogan endorses Finland’s NATO bid, but Sweden must wait Read More »
