LONDON (Reuters) – Investors have poured $756 billion into cash funds this year, Bank of America said in a note on Friday, attracted by juicy yields and driven by concerns about banks. The rush into money market funds continued in the week to Wednesday, with $23.1 billion flowing into the cash-like instruments, according to BofA, …
Investors have poured $756 billion into cash funds this year – BofA Read More »
By Supantha Mukherjee and Martin Coulter (Reuters) – OpenAI has no plans to leave Europe, CEO Sam Altman said on Friday, reversing a threat made earlier this week to leave the region if it becomes too hard to comply with upcoming laws on artificial intelligence. The EU is working on what could be the first …
ChatGPT-maker OpenAI says has no plans to leave Europe Read More »
LONDON (Reuters) – Britain’s competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses’ advertising data for its Facebook Marketplace service to address the regulator’s competition concerns. The Competition and Markets Authority (CMA) said it was minded to accept the commitments, which include advertisers being able to …
Meta offers to limit use of ad data to address UK competition concerns Read More »
By Sam Tobin LONDON (Reuters) – British actor Hugh Grant’s claims that journalists at the Sun used private investigators to tap his phone and burgle his house can proceed to trial, but his allegations about voicemail interception were made too late, London’s High Court ruled on Friday. Grant, alongside King Charles’ son Prince Harry, is …
Trial Actually – actor Hugh Grant gets his day in court against Murdoch paper Read More »
By Sam Tobin LONDON (Reuters) -Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard on the grounds of “fundamental errors” in the assessment of Microsoft’s cloud gaming services. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), vetoed the deal in April, saying it could hurt …
Microsoft sets out grounds for Activision appeal against UK regulator Read More »
(Note: Some readers may find language in paragraph 14 offensive) By Lori Ewing MANCHESTER, England (Reuters) – British Cycling became the latest sports governing body to ban transgender women from competing in the female category of competitive events on Friday, tightening its rules around participation to “safeguard the fairness” of the sport. Announced after a …
Cycling-British federation bars transgender women from competing in female category Read More »
By James Davey LONDON (Reuters) – Britain’s departure from the European Union has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 250 pounds ($316), researchers from the London School of Economics and other universities said. Britain has been battling inflation for over a year, partly …
Brexit to blame for a third of Britain’s food bill rise, researchers say Read More »
By Tommy Wilkes NEW YORK (Reuters) – Lloyd’s of London said in a statement of Friday it had withdrawn from the United Nations-backed Net-Zero Insurance Alliance, the latest in a string of firms to have done so this week amid concerns about the political and regulatory risks of membership. “We continue to support the United …
Lloyd’s of London pulls out of U.N.-backed climate alliance Read More »
WARSAW (Reuters) – Poland will close its eastern border to freight vehicles registered in Belarus and Russia until further notice, according to a draft regulation published on Friday by the interior ministry. The move comes as a Belarusian court upheld an earlier decision to sentence a journalist of Polish origin to eight years in prison, …
Poland says it will close border to freight vehicles from Belarus and Russia Read More »
(Reuters) – Six former Yorkshire players have been sanctioned for the alleged use of racist and discriminatory language in verdicts released by the Cricket Discipline Commission (CDC) panel on Friday. Yorkshire and a number of individuals were charged by the England & Wales Cricket Board (ECB) last year after an investigation into racism allegations made …
