ROME (Reuters) – Italy’s government is set to propose tougher jail terms for cybercrime and stricter disclosure rules for public bodies that come under attack from hackers, according to a draft law seen by Reuters on Wednesday. The bill, set for discussion at a cabinet meeting on Thursday, comes after repeated instances of ransomware and …
Italy government proposes tougher jail terms for cybercriminals Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Europe’s startups will get easier access to artificial intelligence-dedicated supercomputers to help them develop general purpose AI models as part of a new one-stop shop to boost take up of the technology, the European Commission said on Wednesday. The proposal from the European Union executive followed a deal …
Europe launches AI one-stop shop with supercomputers for startups Read More »
(Reuters) – Apple plans to add new fees and restrictions when it starts allowing third-party software downloads outside its App Store, the Wall Street Journal reported on Wednesday. The news comes months after the European Union enforced the Digital Markets Act (DMA) to target the market clout of big technology companies and make it easier …
Apple plans new fees, restrictions for downloads outside App Store – WSJ Read More »
By Jonathan Cable LONDON (Reuters) -Euro zone businesses faced a tough start to 2024 with activity contracting again in January as demand continued to fall while price pressures rose due to tensions in the Red Sea, a survey showed. The manufacturing outlook did improve somewhat but remained in contractionary territory and was partly offset by …
Euro zone business activity contracts again in January Read More »
By Toby Sterling VELDHOVEN, Netherlands (Reuters) -Chipmaking equipment maker ASML Holding on Wednesday reported fourth-quarter earnings that beat expectations and its best-ever quarterly orders, but it kept a cautious outlook for 2024 as it faces new restrictions on exports to China. Shares in Europe’s biggest technology company by market value jumped more than 7% to …
ASML orders surge to record in 4th quarter, but 2024 outlook unchanged Read More »
By Alexander Tanas CHISINAU (Reuters) -Moldova’s Prime Minister on Wednesday named a new foreign minister and boosted his government team working on the country’s negotiations to join the European Union, a process opposed by local pro-Russia separatists. Dorin Recean said that senior lawmaker Mihai Popsoi would replace Nicu Popescu as foreign minister following Popescu’s decision …
Moldova’s PM names new foreign minister to boost EU efforts Read More »
By Mohammed Alghobari and Riyam Mukhashaf ADEN (Reuters) -Yemen’s Houthi authorities have ordered U.S. and British staff of the United Nations and Sanaa-based humanitarian organisations to leave the country within a month, a document and a Houthi official said on Wednesday. The decision follows strikes by the United States and Britain, with support from other …
Houthis order US, British nationals to leave Yemen Read More »
(Reuters) -Kleenex tissue maker Kimberly-Clark missed expectations for fourth-quarter net sales and profit on Wednesday due to slowing price hikes, dragging its shares down 4.5% premarket. Kimberly-Clark’s results mirror those from larger rival Procter & Gamble, as price hikes that had bolstered earnings for several quarters have started to ebb. “The contribution from pricing to …
Kimberly-Clark lags expectations on smaller pricing boost, tepid demand Read More »
By William Schomberg LONDON (Reuters) – Britain’s economy started 2024 on a stronger footing, according to a survey of businesses published on Wednesday that prompted investors to reduce their bets on the Bank of England moving quickly to cut interest rates. But while services firms grew more rapidly this month, Britain’s long-struggling manufacturers were hit …
UK economy picks up speed but Red Sea crisis hits factories Read More »
By Amanda Cooper LONDON (Reuters) – The pound was one of the standout performers against the dollar on Wednesday, after a survey showed business activity in the UK is outpacing that of major European economies, thereby adding to the case for British rates to stay higher for longer. The preliminary S&P Global/CIPS UK Composite PMI, …
Sterling sparkles as UK business activity overtakes euro zone Read More »
