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☆ Fico assassination attempt exposes risks for politicians in a polarized Europe
▼ + stars: | 2024-05-16 | by ( Luke Mcgee | Ivana Kottasová | ) edition.cnn.com time to read: +8 min

CNN —The horrific scenes in Slovakia following the assassination attempt on Prime Minister Robert Fico are a stark and brutal reminder of the dangers facing those who seek public office. Security personnel apprehend a suspected gunman after Slovakia's Prime Minister was shot in Handlova, Slovakia on May 15, 2024. President Zuzana Caputova appoints Robert Fico the new Slovakian prime minister at the Presidential Palace in Bratislava, Slovakia, on 25 October 2023. In 2022, Giorgia Meloni became Italy’s prime minister after running on an anti-immigration, socially conservative ticket. Former Japanese Prime Minister Shinzo Abe was shot dead in July 2022 as he gave a campaign speech.

Persons: Robert Fico, Fico, Zuzana Čaputová, ”, George Soros, Čaputová, Fico’s, Zuzana Caputova, Jakub Gavlak, Giorgia Meloni, Covid lockdowns, Jo Cox, DANIEL LEAL, David Amess, Shinzo Abe, Fernando Villavicencio –, – Organizations: CNN, Slovakia's, Getty, Fico, Slovakian, Parliamentary, Parliament, Political, Hamas, British Labour, AFP, Conservative, ISIS, Japanese Locations: Slovakia, Russia, American, Europe, Ukraine, Gaza, Handlova, AFP, Bratislava, Netherlands, Israel, London, Britain

OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft -backed startup. The departure comes months after OpenAI went through a leadership crisis involving co-founder and CEO Sam Altman. In November, OpenAI's board said in a statement that Altman had not been "consistently candid in his communications with the board." OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers. In 2015, Altman and Tesla CEO Elon Musk, another OpenAI co-founder, wanted Sutskever, then a research scientist at Google , to become the budding startup's top scientist, according to the lawsuit Musk filed against OpenAI in March.

Persons: Sam Altman, Ilya Sutskever, OpenAI, he's, Sutskever, OpenAI's, Altman, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Bret Taylor, Larry Summers, WilmerHale, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Greg, Sam, Greg Brockman, Mira Murati, Murati, Elon Musk, Musk, Dr Organizations: Tel Aviv University, Microsoft, Street, OpenAI's, Sony, Sony Entertainment, Tesla, Google, OpenAI Locations: Tel Aviv, OpenAI

☆ OpenAI executive is out after key role in CEO Sam Altman’s ouster
▼ + stars: | 2024-05-14 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —OpenAI’s chief scientist and cofounder, who played an instrumental role in CEO Sam Altman’s short-lived ouster from OpenAI in November, announced that he was leaving company on Tuesday. “After almost a decade, I have made the decision to leave OpenAI,” Ilya Sutskever said in a social media post. Sutskever’s role at OpenAI will be filled by Jakub Pachocki, previously the company’s director of research, according to the company. Sutskever played a defining role in OpenAI’s rise to power in the AI scene. In 2019, Altman, Sutskever and Greg Brockman jointly formed OpenAI LP, a for-profit entity within the larger nonprofit company’s structure.

Persons: CNN —, Sam Altman’s, “, ” Ilya Sutskever, ” Sutskever, Sam Altman, OpenAI, Jakub Pachocki, Sutskever, Altman, Kara Swisher, we’ve, Greg Brockman, ” Altman Organizations: CNN, ” Locations: OpenAI, “

☆ Robin Williams wrote a letter to a school principal urging they 'rethink' the expulsion of a 'Mrs. Doubtfire' child star
▼ + stars: | 2024-05-04 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewOne of the child stars of "Mrs. Doubtfire" revealed that Robin Williams went to bat for her after she was expelled for taking time off to star in the blockbuster comedy film. "Mrs. Doubtfire" starred Williams as a divorced dad who hatches an elaborate plan to imitate a female housekeeper so he can work for his estranged wife and see his children. "I got thrown out of high school on 'Doubtfire,'" Jakub told her costars. I was attending high school in Canada, then I left for four months to go film the movie." Speaking to Business Insider last year on the 30th anniversary of the movie, "Mrs Doubtfire" director Chris Columbus said that he and Williams began discussing the possibility of a sequel in 2014.

Persons: —, Doubtfire, Robin Williams, Williams, Lisa Jakub, Sally Field's, Mara Wilson, Matthew Lawrence, Jakub, Robin, Sally Field, Lawrence, hadn't, Chris Columbus Organizations: Service, Business, Fox, University of Southern, LA Locations: Canada, University of Southern California, Columbus

☆ F1's fanbase is shifting — and the 'Netflix effect' is only part of that
▼ + stars: | 2024-04-30 | by ( Chris Hawes | ) www.cnbc.com time to read: +6 min

Carlos Sainz of Ferrari during second practice ahead of the Formula 1 Las Vegas Grand Prix at Las Vegas Strip Circuit in Las Vegas, United States on November 17, 2023. Proponents of the "Netflix effect" often point to a poll taken in 2022 which found 28% of American adults considered themselves to be F1 fans, with more than half crediting "Drive to Survive." If this were true it would mean there were an incredible 72 million F1 fans in the U.S. alone. This argument runs out of road slightly however, when you consider that only 2 million Americans tuned in to watch the 2023 Miami Grand Prix. Today, F1 fans are estimated to be around 40% female, up from just 8% in 2017, as well as significantly more culturally diverse.

Persons: Carlos Sainz, Ferrari, Jakub Porzycki, Nielsen, it's, Toni Cowan, Brown, Cowan, Zak Brown, McLaren, It's, Buzz Radar, TJ Adeshola, Aston Martin, McLaren Unboxed, Lando Norris, Oscar Piastri, Thaier Organizations: Las Vegas, Nurphoto, Netflix, ESPN, IndyCar, NASCAR, Prix, Miami Grand Prix, CNBC, North, Anp, Getty, YouTube, Liberty Media, Aston, Aston Martin Racing, Buzz, Formula, sudani Locations: Las Vegas, United States, U.S, North America, North American, Nevada, Aston Martin, Australia, Bahrain

☆ Airspace closures throughout the Middle East ground, divert flights as Iran launches drone attack on Israel
▼ + stars: | 2024-04-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

El Al plane is seen at the Ben Gurion International Airport in Tel Aviv on December 31, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Airspace closures through the Middle East grounded and diverted flights on Saturday as Iran launched drones toward Israel. United Airlines , which resumed service to Tel Aviv early last month after suspending Israel flights after the Hamas attacks in October, called off its Newark to Tel Aviv flight on Saturday after Israel closed its airspace. American Airlines has not resumed Israel service. Flight-tracking site Flightradar24 said multiple flights bound for Tel Aviv and Amman had diverted on Saturday.

Persons: Jakub Porzycki, Delta, Flightradar24 Organizations: El, Ben Gurion International, Getty, United Airlines, Israel, American Airlines, Washington Dulles International Locations: Tel Aviv, Iran, Israel, United, Newark, Jordan, Iraq, Jordanian, Amman

☆ Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle
▼ + stars: | 2024-04-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Jakub Porzycki | Nurphoto | Getty ImagesCrypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar. The move would pit Ripple against stablecoin giants like Tether, which is behind the largest stablecoin UDST, and USDC issuer Circle. Payments giant PayPal , meanwhile, launched its own U.S. dollar stablecoin called PayPal USD, a stablecoin backed by U.S. dollars and dollar equivalents that is issued by crypto firm Paxos. watch nowTether is the market leader for stablecoins with a market capitalization of $106.3 billion, according to CoinGecko data. "In fact, the number one request we get from the XRP community is to launch a USD-backed stablecoin on the XRP Ledger."

Persons: Jakub Porzycki, Brad Garlinghouse, he's, Garlinghouse, Tether's, USDT, USDC, MoneyGram Organizations: U.S, SEC, Nurphoto, Getty, U.S ., PayPal, CNBC, Bank, FinCEN, Santander, U.S . Securities, Exchange Commission, Southern, of Locations: U.S, Europe, Asia, New York, Ireland, Singapore, of New York

☆ Microsoft engineer warns company's AI tool creates violent, sexual images, ignores copyrights
▼ + stars: | 2024-03-06 | by ( Hayden Field | ) www.cnbc.com time to read: +11 min

Jones was noodling with Copilot Designer, the AI image generator that Microsoft debuted in March 2023, powered by OpenAI's technology. "It was an eye-opening moment," Jones, who continues to test the image generator, told CNBC in an interview. watch nowMicrosoft's legal department told Jones to remove his post immediately, he said, and he complied. Jones said the risk "has been known by Microsoft and OpenAI prior to the public release of the AI model last October." "I am certainly convinced that this is not just a copyright character guardrail that's failing, but there's a more substantial guardrail that's failing," Jones told CNBC.

Persons: Jakub Porzycki, Shane Jones, Jones, OpenAI's DALL, Lina Khan, Khan, deepfakes, he's, Satya Nadella, Sam Altman, Justin Sullivan, Darth Vader, Elsa, Mickey Mouse, guardrail that's Organizations: Microsoft, Nurphoto, Copilot, CNBC, Commerce, Science, Transportation, Federal Trade, Google, Getty, pitchfork, Disney, Wars, Palestinian, Israel Defense Forces Locations: Krakow, Poland, Redmond , Washington, San Francisco, hoodies, Gaza

☆ Sam Altman tells staff OpenAI investigation will 'soon' close, as employees brace for more surprises
▼ + stars: | 2024-03-05 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

Inside OpenAI, Sam Altman is still approachable and friendly to staff, even though many of them are realizing how little they know about how the company operates. Altman responded simply that it would be "over soon," supplying staff with no other detail, according to two people who witnessed the exchange. The internal investigation nearing its end was also reported by the Wall Street Journal and The New York Times. Such a lack of candor with employees is a more recent development for Altman, one of the people familiar noted. Although OpenAI employees are paid well, many workers are increasingly concerned about how much risk they're assuming.

Persons: Sam Altman, Altman, Slack, OpenAI, Andrej Karpathy, Karpathy, Ilya Sutskever, OpenAI's, Sutskever, Greg Brockman, Jakub Pachoki, Kali Hays Organizations: Service, Wall Street, The New York Times, SEC, Fund, Street, Microsoft, OpenAI Locations: OpenAI, Karpathy, khays@insider.com

☆ The Best Movies and TV Shows Coming to Netflix in March
▼ + stars: | 2024-03-01 | by ( Noel Murray | ) www.nytimes.com time to read: +3 min

Every month, Netflix adds movies and TV shows to its library. Sandler plays a Czech astronaut named Jakub, whose vital deep-space exploratory mission is suffering because of his crushing loneliness and the possible disintegration of his marriage to his pregnant wife, Lenka (Carey Mulligan). Paul Dano provides the voice of a kindly spider-like alien creature named Hanuš, who provides Jakub with some much-needed company and advice. Ritchie’s TV series “The Gentlemen” re-enters the world of the movie from a different angle. Theo James plays Eddie, a fading aristocrat’s estranged son, who unexpectedly inherits his dad’s estate along with its crushing debts and obligations.

Persons: Adam Sandler, Sandler, Jakub, Lenka, Carey Mulligan, Paul Dano, “, ”, Jaroslav, Colby Day, Johan Renck, ‘, Guy Ritchie’s, Gentlemen ”, Theo James, Eddie, Millie Bobby Brown, Princess Elodie, Ray Winstone, Angela Bassett, Nick Robinson, Elodie, Shohreh Aghdashloo, Juan Carlos Fresnadillo, Dan Mazeau Organizations: Netflix, Gentlemen Locations: Czech, British

☆ Arsenal players ‘living the dream’ after underlining title credentials with impressive win
▼ + stars: | 2024-02-25 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

CNN —Arsenal underlined its place in this year’s English Premier League title race with a statement 4-1 win against Newcastle at the Emirates Stadium on Saturday. But when the chips were down, Arsenal’s players stepped up to produce one of the best performances from any team in the league this year. “We are all living the dream, we have all been dreaming of being here on the biggest stage in the best league in the world,” Arsenal captain Martin Odegaard told TNT Sports after the match. Many fans are therefore rightly cautious about their team’s chances of winning a league title for the first time since 2004, but things do look slightly different this season. “We want the best club in the world, and to be the best club in the world we have to have the best stadium and best atmosphere in the world, that’s for sure,” Arteta said.

Persons: Martin Odegaard, David Klein, Kai Havertz, Jakub Kiwior’s, Joe Willock, ”, “ It’s, William Saliba, Gabriel Magalhaes, Trent Alexander, Arnold, Arteta, ” Arteta Organizations: CNN, Arsenal, English Premier League, Newcastle, Emirates, Porto, Champions League, ” Arsenal, TNT Sports, Manchester City, Liverpool, North London, Reuters Saturday’s, Premier League, Sheffield United, Brentford Locations: North, Newcastle

☆ Andy Murray releases wild celebration after finally snapping losing streak
▼ + stars: | 2024-02-21 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Andy Murray let out a trademark roar on Tuesday after ending one of the most difficult spells of his career. The Scot released an emotional celebration after winning match point, turning to his friends and family with his fists clenched. After losing at this year’s Australian Open in January, Murray admitted this could be his final season on tour. Responding to an article in January questioning why the Scot is continuing to play professional tennis, Murray backed himself. While the days of competing for grand slam titles may be over, it appears Murray still has plenty to offer the sport.

Persons: Andy Murray, France’s Alexandre Muller, Scot, I’m, ” Murray, “ I’m, Murray, “, It’s, that’s, ”, he’s, Muller, won’t, Czech Jakub Mensik Organizations: CNN, Qatar Locations: Qatar, Czech

BOSTON (AP) — Brad Marchand and Danton Heinen scored short-handed in the first period, and the Boston Bruins beat the Vancouver Canucks 4-0 on Thursday night in a matchup of the NHL’s top two teams. Morgan Geekie and Pavel Zacha also scored, and Charlie Coyle set up both short-handed goals as the Bruins bounced back from a 4-1 loss to Calgary at home Tuesday. That's what they did.”It was the eighth victory in 10 games for Boston, which tied Vancouver atop the league standings with 73 points. “That’s something we want to get better at.”Thatcher Demko made 21 saves for the Canucks, but his nine-game winning streak was snapped. Marchand, positioned at the edge of the crease, scored off the rebound 32 seconds in for his 25th goal.

Persons: — Brad Marchand, Danton Heinen, Linus Ullmark, Morgan Geekie, Pavel Zacha, Charlie Coyle, “, we've, Ullmark, haven't, hasn’t, ” Coyle, ” Thatcher Demko, ” Demko, Jakub Lauko, Coyle, Demko . Marchand, Elias Pettersson —, ” Pettersson, David Pastrnak’s, Tyler Myers, He's, Jim Montgomery, Geekie, “ He'd, ” Zacha, James van Riemsdyk, ___ Organizations: BOSTON, Boston Bruins, Vancouver Canucks, Bruins, Calgary, Boston, Stanley, Canucks, Vancouver, ”, ” Bruins, NEXT Canucks, Detroit, Washington Locations: Vancouver, Florida, Demko, Boston

☆ Arm's post-earnings pop leaves stock trading at over 100% premium to Nvidia
▼ + stars: | 2024-02-08 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

That agreement would have involved selling Arm for $40 billion, or just $8 billion more than SoftBank paid in 2016. Instead, Arm went public last year, and the company is now worth over $116 billion after the stock soared 48% on Thursday. SoftBank still owns roughly 90% of the outstanding stock, meaning its stake in Arm increased by over $34 billion in a day. watch nowChipmakers Nvidia and AMD have been Wall Street darlings of late due to their central position in the artificial intelligence boom. 'Gain market share'Arm has a different business model than Nvidia and AMD in that it's largely a technology licensing company.

Persons: Jakub Porzycki, Arm, SoftBank, Lisa Su, Steve Marcus Organizations: Nurphoto, Nvidia, AMD, Intel, Qualcomm Locations: SoftBank, Las Vegas , Nevada, U.S

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book CEO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. In other words, no massive credit event," Qazi told CNBC. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities. Still, questions remain on whether China will recognize the Hong Kong court order for Evergrande's liquidation — since most of the company's assets are in the mainland.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu, we've, Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong, Commerzbank

☆ Samsung Electronics' operating profit falls 34.57% in the fourth quarter, in line with guidance
▼ + stars: | 2024-01-31 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | Getty ImagesSamsung Electronics on Wednesday posted a 34.57% drop in operating profit in the fourth quarter from a year ago, in line with its guidance issued earlier this month. Here are Samsung's fourth-quarter results versus estimates: Revenue: 67.78 trillion Korean won (about $51 billion), vs. 69.27 trillion Korean won expected by LSEG analysts67.78 trillion Korean won (about $51 billion), vs. 69.27 trillion Korean won expected by LSEG analysts Operating profit: 2.82 trillion Korean won, vs. 3.43 trillion Korean won expected by LSEG analysts Samsung's revenue for the quarter ending December fell 3.8% from a year ago, while operating profit dropped 34.57% in the same period. In its earnings guidance earlier this month, Samsung said it expected operating profit for the October-December quarter to be 2.8 trillion South Korean won ($2.13 billion), down 35% from the same period a year ago when the firm reported an operating profit of 4.31 trillion won. Daiwa Capital Markets in a Jan. 9 report said Samsung's revenue and operating profit estimates were "lower than our market estimates." "We aim to establish Samsung as the leading brand in the AI smartphone market," said Samsung.

Persons: Jakub Porzycki, SK Kim, Apple, Bryan Ma, Ma Organizations: Samsung, Getty, Nurphoto, Samsung Electronics, Korean, South Korean, Daiwa, SK, Apple, International Data Corporation, IDC Locations: Krakow, Poland

☆ AI hiring frenzy to fuel layoffs in other tech segments as firms strive to balance costs
▼ + stars: | 2024-01-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images)As tech firms prioritize investments into artificial intelligence and go on a hiring spree, other segments are likely to see layoffs continue into 2024, according to industry experts. More than 20,000 tech employees have already lost jobs so far in 2024, according to tracker layoffs.fyi. "Google and the rest of Big Tech are betting big on AI while cutting back on non-strategic areas. Layoffs will continue to happen for Big Tech in some areas while the hiring frenzy in AI will be unprecedented as this arms race continues across the tech world," Dan Ives, managing director at Wedbush Securities, told CNBC. Google CEO Sundar Pichai last week warned employees there would be more job cuts this year as the company continues to shift investments toward AI.

Persons: Jakub Porzycki, Dan Ives, Sundar Pichai, Pichai Organizations: Getty, Google, Big Tech, Wedbush Securities, CNBC, Microsoft Locations: Krakow, Poland

☆ Robinhood launches crypto trading service in the EU
▼ + stars: | 2023-12-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Robinhood said its new crypto product would allow customers to buy, sell, and hold from a range of more than 25 tokens, including bitcoin, ether, ripple, cardano, solana, and polkadot. The company hopes to offer more tokens, as well as the ability to transfer and "stake," or earn rewards from, crypto in 2024. Robinhood is looking to tempt EU users into using its service with the ability to earn free bitcoin for users who trade lots and refer the app to their friends. The U.S. Securities and Exchange Commission has targeted several crypto firms, including Coinbase and Binance, with lawsuits alleging they violated securities laws. The EU, meanwhile, has proposed a comprehensive set of regulation, called the Markets in Crypto-Assets regulation, that would bring in stricter rules for crypto trading platforms and issuers of so-called stablecoins — tokens pegged to real-world assets like the U.S. dollar or euro .

Persons: Jakub Porzycki, Robinhood Organizations: Getty, European Union, U.S . Securities, Exchange Commission, U.S . Locations: Krakow, Poland, United States, solana, U.S, U.K, EU, Crypto

☆ Nvidia to develop new chips that comply with U.S. export regulations
▼ + stars: | 2023-12-06 | by ( ) www.cnbc.com time to read: +1 min

Nvidia logo displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Nvidia will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China, its CEO Jensen Huang said on Wednesday. "Nvidia has been working very closely with the U.S. government to create products that comply with its regulations," Huang told reporters in Singapore at a news conference. "Our plan now is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits." Huang also said on Wednesday the company was in talks with Singapore about potential big investments.

Persons: Jakub Porzycki, Jensen Huang, Huang Organizations: Nvidia, Getty, U.S, Reuters Locations: Krakow, Poland, China, California, Singapore

☆ Iberdrola and Masdar to invest $16 billion in green energy
▼ + stars: | 2023-12-05 | by ( Pietro Lombardi | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Iberdrola SA FollowRwe Ag FollowMADRID, Dec 5 (Reuters) - Spanish renewable energy giant Iberdrola (IBE.MC) and UAE clean energy developer Masdar have formed a 15 billion euro ($16.2 billion) alliance to invest in offshore wind and green hydrogen in countries including Germany, Britain and the United States. The agreement announced on Tuesday follows a pledge by 118 countries at the COP28 climate summit in Dubai to triple the world's renewable energy capacity by the end of the decade as they seek to wean themselves off fossil fuels. "Reaching this goal will require immediate action from these governments and the private sector," said Iberdrola Executive Chairman Ignacio Galan. "With an abundance of wind resources, the UK and Europe are prime markets for Masdar," said Masdar Chief Executive Mohamed Jameel Al Ramahi. Last week Masdar and Germany's RWE (RWEG.DE) said they would co-develop a 3 GW wind project off the coast of Britain.

Persons: Dado Ruvic, Ignacio Galan, Mohamed Jameel Al Ramahi, Germany's, Iberdrola, Pietro Lombardi, Jakub Olesiuk, Kirsten Donovan, David Goodman Organizations: REUTERS, East Anglia, Masdar, China, Thomson Locations: MADRID, UAE, Germany, Britain, United States, Dubai, Iberdrola's, East, Spanish, Europe, Baltic

The logo of Spanish telecoms firm Telefonica is seen atop the company's building in Madrid, Spain, September 6, 2023. REUTERS/Violeta Santos Moura//File Photo Acquire Licensing RightsMADRID, Dec 4 (Reuters) - Telefonica told unions on Monday it was seeking to cut around 5,100 jobs in Spain by 2026 in an effort to reduce costs and adapt the company's size to the current market, a UGT union spokesperson said. The company based the decision on productivity, organization and technical reasons, the union spokesman said as Telefonica and the unions started negotiating the layoffs. In a statement Telefonica confirmed the labour "adjustment", but declined to say how many jobs it intended to axe. The company will negotiate the extent of the job cutting with the union, so that the actual cuts could be fewer than the 5,100 ones targeted by the company, UGT spokesperson Diego Gallart said.

Persons: Violeta Santos Moura, Diego Gallart, Inti Landauro, Matteo Allievi, Jakub Olesiuk, Andrei Khalip, Jan Harvey Organizations: Telefonica, REUTERS, Rights, Thomson Locations: Madrid, Spain

☆ Planes, tails and mid-flight snacks -Spain's Vueling rolls out pet treats
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] A dog sits as tourists at Gran Canaria airport queue to return to their countries after the closure of hotels during the health emergency of coronavirus disease (COVID-19) on the island of Gran Canaria, Spain, March 18, 2020. REUTERS/Borja Suarez/File photo Acquire Licensing RightsDec 4 (Reuters) - Spanish low-cost airline Vueling has started offering treats for pets as part of the buy-on-board menu on its flights, it said on Monday, adding that it was the first such initiative in Europe. A significant part of Vueling's customer base travels with pets and there is demand for such a service, the airline said. "We are trying to be diverse," it added. ($1 = 0.9249 euros)Reporting by Jakub Olesiuk, editing by Andrei Khalip and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Borja Suarez, Vueling, Jakub Olesiuk, Andrei Khalip, Susan Fenton Organizations: Gran Canaria, REUTERS, Edgard, Cooper, Thomson Locations: Gran, Spain, Europe, Belgian

☆ Spanish media association files $598 mln lawsuit against Facebook owner Meta
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

A Meta logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsMADRID, Dec 4 (Reuters) - A group representing 83 Spanish media outlets on Monday said it has filed a 550 million euro ($598 million) lawsuit against Facebook owner Meta Platforms (META.O), citing unfair competition in the advertising market. The lawsuit was filed by the AMI newspaper publishing association in a commercial court on Friday, the association said in a statement on Monday. The complaint is the second time Spanish media are challenging tech companies to protect their turf. In 2014, the Spanish government forced the closure of Alphabet's (GOOGL.O) Google News service until 2022 when new legislation allowing media outlets to negotiate directly with the tech giant was passed.

Persons: Gonzalo Fuentes, El, Inti Landauro, Jakub Olesiuk, David Goodman, Emelia Organizations: Viva Technology, Porte de, REUTERS, Rights, Facebook, Meta, AMI, El Pais, ABC, Google, Thomson Locations: Porte, Paris, France, Spanish

☆ This tiny country drove 15% of Nvidia's revenue – here's why it needs so many chips
▼ + stars: | 2023-12-01 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

About 15% or $2.7 billion of Nvidia's revenue for the quarter ended October came from Singapore, a U.S. Securities and Exchange Commission filing showed. Revenue coming from Singapore in the third quarter jumped 404.1% from the $562 million in revenue recorded in the same period a year ago. Singapore only trailed behind the U.S. (34.77%,) Taiwan (23.91%) and China including Hong Kong (22.24%) in Nvidia's third-quarter sales rankings. "I would highly think it's due to data centers as Singapore has quite a lot of data centers and cloud service providers," Maybank Securities analyst Jarick Seet told CNBC. Building data centers, of course!," said Sang Shin, an ex-Temasek and GIC executive, in a LinkedIn post.

Persons: Jakub Porzycki, Jarick Seet, Sang Shin, Shin Organizations: Getty, Nvidia, U.S . Securities, Exchange Commission, Maybank Securities, CNBC, Temasek, GIC Locations: Krakow, Poland, U.S, Singapore, Taiwan, China, Hong Kong, Nvidia's, GIC

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