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“The submersible industry had significant concerns over the strategy of building a deep sea expedition submersible without following existing classification safety guidelines,” Mr. Kohnen said. OceanGate said in the post that because its Titan craft was so innovative, it could take years to get it certified by leading assessment agencies. “Bringing an outside entity up to speed on every innovation before it is put into real-world testing is anathema to rapid innovation,” the company wrote. The submersible sustained modest damage to its exterior, he wrote, leading OceanGate to cancel the mission so it could make repairs. Still, Mr. Concannon wrote in the filing, 28 individuals had been able to visit the Titanic wreckage on the craft in 2022.
Persons: , Will Kohnen, Mr, Kohnen, Rush, OceanGate, Bart Kemper, , Kemper, Charles Kohnen, Will Kohnen’s, , David Concannon, Concannon, Rebecca Beach Smith, Kitty Bennett Organizations: The New York Times, Stockton Rush, Manned, Vehicles, Marine Technology Society, Titan, Atlantis, Eastern, of, Court Locations: Canadian, U.S, of Virginia
BRUSSELS, June 20 (Reuters) - The European Commission asked EU governments on Tuesday to come up with an extra 10 billion euros for 2024-27 to leverage a total of 160 billion euros worth of investment in key technologies, including renewable energy. Nor did the EU budget anticipate the fierce competition between Europe, the United States and China for the latest "clean" technologies to produce energy. "The future of the strategic industries should be made in Europe," European Commission President Ursula von der Leyen said in presenting the call for more money. The new scheme is to be called Strategic Technologies for Europe Platform (STEP) and help develop in the EU microelectronics and quantum computing, as well as renewable energy and electricity storage, among others. ($1 = 0.9155 euros)Reporting by Jan Strupczewski and Bart Meijer, editing by Gabriela BaczynskaOur Standards: The Thomson Reuters Trust Principles.
Persons: Ursula von der Leyen, von der Leyen, Jan Strupczewski, Bart Meijer, Gabriela Baczynska Organizations: European Commission, European Union, Strategic Technologies, Europe, Thomson Locations: BRUSSELS, Ukraine, Europe, United States, China
Rush hour is now anything but at the Montgomery Street station in the heart of San Francisco. Three years after the pandemic began, remote work endures as a way of life for many office workers, and few major transit systems in the United States have suffered worse than Bay Area Rapid Transit. The 131-mile network depends heavily on suburban residents who commute daily into San Francisco and less than other transit systems on local passengers trying to get across town. Weekday ridership on BART is down to 32 percent of what it was before the pandemic began, punctuating a desperate moment for San Francisco. Without daily foot traffic, major retailers are abandoning downtown, and analysts believe the city core has yet to bottom out.
Persons: punctuating Organizations: Rapid Transit, BART Locations: Montgomery, San Francisco, United States, Francisco
Tech investor Prosus flags sharp drop in full-year profit
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, June 14 (Reuters) - Technology investor Prosus (PRX.AS) on Wednesday said its profit dropped significantly last year due to impairments and lower contributions from its biggest holding, Chinese software and gaming giant Tencent (0700.HK). Prosus said it expected earnings per share to have fallen by 40% to 47% in the year through March 2023 as Tencent was hit by COVID-19 lockdowns and regulations in China. "The operating environment was characterised by significant geopolitical and macroeconomic uncertainty," Prosus said in a trading update. Prosus cut back its stake in Tencent from 29% to 26% in the past year. Reporting by Bart Meijer; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Prosus, Tencent, Bart Meijer, Jan Harvey Organizations: Technology, HK, Thomson Locations: AMSTERDAM, China, Tencent
BRUSSELS/STOCKHOLM, June 14 (Reuters) - EU lawmakers on Wednesday voted for tougher landmark draft artificial intelligence rules that include a ban on the use of the technology in biometric surveillance and for generative AI systems like ChatGPT to disclose AI-generated content. The lawmakers agreed the amendments to the draft legislation proposed by the European Commission which is seeking to set a global standard for the technology used in everything from automated factories to bots and self-driving cars. Microsoft, which has called for AI rules, welcomed the lawmakers' agreement. However, the Computer and Communications Industry Association said the amendments on high-risk AIs were likely to overburden European AI developers with "excessively prescriptive rules" and slow down innovation. The lawmakers will now have to thrash out details with European Union countries before the draft rules become legislation.
Persons: Elon Musk, Sam Altman, Brando Benifei, Thierry Breton, Foo Yun Chee, Bart Meijers, Supantha Mukherjee, Emelia Sithole Organizations: European, Microsoft, Elon, Big Tech, Union, Computer and Communications Industry Association, AIs, The Commission, Thomson Locations: BRUSSELS, STOCKHOLM, Europe, United States, China, Brussels, Stockholm
That yen hoard has mostly been held as cash with the aim of ploughing into Japanese bonds when yields eventually turn higher. "We're all waiting for the end of YCC so we can buy JGBs," said a Japanese pension fund manager who requested anonymity as he is not authorized to speak to media. Japanese banks have ploughed money into overseas bonds, but insurance firms and pension funds have kept their powder dry. MARKETS WONT BLINKSuch is the positioning and inertia among long term Japanese investors that analysts expect markets to barely blink even if the BOJ plays for time this week. Lifers and pension funds say they have very little exposure to Japanese government bonds, so a surprise policy change won't hurt them either.
Persons: Androniki, Haruhiko Kuroda, Kazuo Ueda, Bart Wakabayashi, Hirofumi Suzuki, Suzuki, Kevin Buckland, Ankur Banerjee, Vidya Ranganathan Organizations: REUTERS, Bank of, Japan, Nippon Life Insurance, Sumitomo Life Insurance, Insurance, State, Thomson Locations: Japan, Tokyo, TOKYO, SINGAPORE, YCC, Singapore
EU antitrust regulators approve Vivendi, Lagardere deal
  + stars: | 2023-06-09 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +2 min
BRUSSELS, June 9 (Reuters) - Vivendi (VIV.PA), the French media conglomerate controlled by billionaire Vincent Bollore, on Friday won conditional EU antitrust approval for its acquisition of France's largest publisher Lagardere (LAGA.PA). Vivendi last year announced the deal which would give it control of Lagardere's flagship weekly publications Journal du Dimanche (JDD) and Paris Match. Vivendi said in a statement that it was confident it would finalise those two transactions by the end of October. "The remedies proposed by Vivendi will allow for the preservation of existing competition in those markets, to the benefit of consumers." Reuters reported in April that the remedies were sufficient to help Vivendi gain EU antitrust clearance for the acquisition.
Persons: Vincent Bollore, Margrethe Vestager, Daniel Kretinsky, Yannick Bollore, Foo Yun Chee, Bart Meijer, Sudip Kar, Gupta, Louise Organizations: Vivendi, Paris Match, European Commission, Reuters, Le Monde, TF1, Thomson Locations: BRUSSELS, EU, Czech, Le
BRUSSELS, June 8 (Reuters) - EU countries could reach an agreement on a migration deal on Thursday, but the proposed compromise needs to be improved, Germany's Interior Minister Nancy Faeser said before a meeting with ministers from the EU bloc. "The compromise on the table is very difficult for Germany," Faeser said. "I feel there is a common understanding which could lead to an agreement, but not at any price." Reporting by Bart Meijer; Editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.
Persons: Nancy Faeser, Faeser, Bart Meijer, Benoit Van Overstraeten Organizations: Germany's, EU, Thomson Locations: BRUSSELS, Germany
EU ministers seek long-stalled migration deal
  + stars: | 2023-06-08 | by ( Gabriela Baczynska | ) www.reuters.com   time to read: +3 min
A tentative deal on the table comes after years of damaging feuds between EU states since their cooperation collapsed in acrimony in 2015 as more than a million people - mostly fleeing the war in Syria - arrived across the Mediterranean. "We can only handle migration together as the whole EU." CAMPSFor nearly a decade, EU countries traded blame for handling new arrivals. On Thursday, the ministers will also discuss EU aid for Tunisia, which is a gateway for African migration to Europe and faces growing instability. Bad blood spilled over as eastern EU countries like Poland and Hungary refused to host anyone from the mainly-Muslim Middle East and North Africa.
Persons: Nancy Faeser, France's Gerald Darmanin, Benoit van Overstraeten, Bart Meijer, Alexander Ratz, Kristina, Gabriela Baczynska, Mark Potter Organizations: Home, European Union, Liberal, Thomson Locations: BRUSSELS, Syria, Spain, Tunisia, Europe, Italy, Greece, Germany, Sweden, Poland, Hungary, East, North Africa, EU, Budapest
But for generations of Colorado children, arguably the most commonly shared experience involved Casa Bonita, a vast, filthy, poorly-lit, underground restaurant with food that many diners deemed barely edible. Casa Bonita — sprawling over 52,000 square feet in Lakewood, a Denver suburb — served steamed refried beans, tacos and enchiladas to thousands of people a day, buffet-style. “Oh, that’s a place,” Mr. Parker would respond, he said recently. It’s weird.” Like so many Colorado children, Mr. Parker had held his birthday parties there. Then, in 2020, Casa Bonita went bankrupt, hit by the pandemic slump.
Persons: Casa, Trey Parker, Matt Stone, ” Mr, Parker Organizations: NoEata Locations: Colorado, Casa Bonita, Bonita, Lakewood, Denver, , Casa
Dollar edges up as US rates seen higher for longer
  + stars: | 2023-06-05 | by ( Kevin Buckland | ) www.reuters.com   time to read: +3 min
TOKYO, June 5 (Reuters) - The dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer. The Australian dollar erased early losses after a report showed a pick-up in services activity in key trading partner China. CME Group's FedWatch tool shows interest rate traders are laying 1-in-4 odds for a hike next week, down from 2-in-3 odds a week earlier. For July, markets put 70% odds for rates to be at least a quarter point above where they are currently. The U.S. dollar was 0.03% lower at 7.1074 yuan in offshore trading , after earlier gaining 0.15%.
Persons: payrolls, Bart Wakabayashi, Wakabayashi, Kevin Buckland, Jacqueline Wong Organizations: China, Canadian, U.S, Reuters, The, Treasury, CME, State, P Global, PMI, Thomson Locations: TOKYO, Tokyo, Saudi Arabia
Computer outage cripples train traffic in the Netherlands
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, June 5 (Reuters) - A computer outage disrupted train travel to and from Amsterdam and in other parts of the Netherlands for hours on Sunday and Monday, Dutch railway company NS said. The outage hit traffic control around 6 p.m. local time (1600GMT) on Sunday afternoon and crippled train services until Monday morning. NS said on Monday it had resolved the problem and that trains would begin to operate slowly again from 0700 GMT. The outage made it impossible for domestic and international trains to reach Amsterdam Central Station and cut off all rail traffic to and from Amsterdam's Schiphol airport, one of Europe's busiest hubs. It left hundreds of passengers stranded overnight in Amsterdam and at the country's largest train station in Utrecht, Dutch news agency ANP said.
Persons: Harry Styles, Bart Meijer, Gerry Doyle, Ed Osmond Organizations: NS, Amsterdam Central Station, ANP, Thomson Locations: AMSTERDAM, Amsterdam, Netherlands, Amsterdam's Schiphol, Utrecht, Dutch, British
BRUSSELS, June 5 (Reuters) - Belgium will ask Ukraine for clarification on reports that rifles made in Belgium had been used by pro-Ukrainian forces to fight Russian troops inside Russia's western border, Belgian Prime Minister Alexander De Croo said on Monday. "European weapons are delivered to Ukraine under the condition that they are used on Ukrainian territory with the purpose of defending that territory. De Croo declined to comment on possible consequences if the reports were confirmed. "We must not get ahead of ourselves here," the prime minister said. Reporting by Bart Meijer; editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.
Persons: Alexander De Croo, De Croo, Bart Meijer, Philippa Fletcher Organizations: Belgian, Washington Post, Kremlin, Belgium's, Thomson Locations: BRUSSELS, Belgium, Ukraine, Russian Belgorod region, United States, Poland, Czech Republic
Dollar edges up as U.S. rates seen higher for longer
  + stars: | 2023-06-05 | by ( ) www.cnbc.com   time to read: +3 min
The dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer. The Australian dollar erased early losses after a report showed a pick-up in services activity in key trading partner China. CME Group's FedWatch tool shows interest rate traders are laying 1-in-4 odds for a hike next week, down from 2-in-3 odds a week earlier. For July, markets put 70% odds for rates to be at least a quarter point above where they are currently. The U.S. dollar was 0.03% lower at 7.1074 yuan in offshore trading, after earlier gaining 0.15%.
Persons: payrolls, Bart Wakabayashi, Wakabayashi Organizations: China, Canadian, U.S, Reuters, The, Treasury, CME, State, P Global, PMI Locations: Tokyo, Saudi Arabia
Retired NASA astronaut Scott Kelly spent over 8,100 consecutive hours in space. But his UFO experience actually happened on Earth while he was flying off Virginia Beach. But retired astronaut Scott Kelly is here to tell us that many UFO sightings are probably just our eyes playing tricks on us. Kelly was part of a panel that convened on Wednesday at NASA headquarters to discuss UFOs, what NASA now refers to as unidentified aerial phenomenon. Recalling the thousands of hours he spent in space, Kelly said on Wednesday, "Oftentimes, in space, I would see things and I was like, 'That's really not behaving like it should.'
Persons: Scott Kelly, , Kelly, Bart Simpson, Mark Vande Hei, KIRILL KUDRYAVTSEV, David Spergel Organizations: NASA, Service, Virginia Beach, Space, Getty Locations: Virginia, RIO
They arrived around 2:45 a.m. (0045 GMT) and were greeted by Belgian Foreign Minister Hadja Lahbib, Belgium's Belga news agency reported. Danish citizen Thomas Kjems flew on to Copenhagen, landing at around 11 a.m. (0900 GMT) on Saturday. Austrian Foreign Minister Alexander Schallenberg tweeted photos of the two Austrians arriving in Vienna. Iranian Foreign Minister Hossein Amirabdollahian tweeted on Saturday that he had told Lahbib that he hoped the prisoners' release would "open a new page" in Iran's relations with Belgium and Europe. Belgian government officials said that officially there were still 22 Europeans in Iranian prisons, but that no more Europeans would be exchanged for Assadi.
Persons: Thomas Kjems, Read, Dane, Asadollah Assadi, Olivier Vandecasteele, Assadi, Hadja Lahbib, Belgium's, It's, I've, Alexander Schallenberg, Hossein Amirabdollahian, Lahbib, Amirabdollahian, Massud Mosaheb, Kamran Ghaderi, Lars Lokke Rasmussen, Kazem, Ahmadreza, Louise Rasmussen, Tom Little, Charlotte Van Campenhout, Bart Biesemans, Andrew Gray, Francois Murphy, Hugh Lawson, Mark Potter, Frances Kerry Organizations: Copenhagen Airport, Europeans, Belgian Foreign, Austrian, Ministry, Austrian Friendship Society, Danish, Assadi, Iranian, Thomson Locations: Copenhagen, Denmark, Iran, BRUSSELS, DUBAI, Tehran, Belgian, Belgium, France, Oman, Danish, Vienna, Iranian, Europe, ., Swedish, Brussels, Dubai
[1/4] Italian members of the NATO-led Kosovo Force (KFOR) stand guard behind wire fencing, in Leposavic, Kosovo, June 1, 2023. REUTERS/Ognen TeofilovskiOSLO, June 1 (Reuters) - NATO is prepared to deploy more troops to Kosovo to quell violence in the ethnically polarized north, the alliance's chief Jens Stoltenberg said on Thursday, adding that the first 700 reinforcement troops are on the way there. NATO decided to boost its 4,000-strong mission in the region with 700 additional troops after 30 of its KFOR peacekeepers and 52 ethnic Serb protesters were hurt on Monday. Stoltenberg called the violence against NATO troops "totally unacceptable" and said allies were readying more troops in case NATO needed to send additional reinforcements to the region. Reporting by Sabine Siebold and Benoit Van Overstraeten; Editing by Bart MeijerOur Standards: The Thomson Reuters Trust Principles.
Persons: Jens Stoltenberg, Stoltenberg, Sabine Siebold, Benoit Van Overstraeten, Bart Meijer Organizations: NATO, Kosovo Force, KFOR, REUTERS, U.S, Thomson Locations: Leposavic, Kosovo, Ognen, OSLO, Oslo, Kosovo's, Serbs, Pristina, Belgrade, EU
"All allies agree that Moscow does not have a veto against NATO enlargement," Stoltenberg told reporters as NATO foreign ministers gathered in Oslo, seeking to dispel any signs of discord ahead of the summit. At the Vilnius summit, NATO leaders aim to send a strong message of support to Kyiv. But with only six weeks to go, pressure is building for allies to find common ground on what exactly to offer Ukraine. Lithuania's Foreign Minister Gabrielius Landsbergis said Kyiv had suffered two invasions while waiting for an answer from NATO for 14 years. "Ukraine needs to get a clear path, and the next steps, on how to enter NATO," Estonian Foreign Minister Margus Tsahkna said.
Persons: Jens Stoltenberg, Stoltenberg, Volodymyr Zelenskiy, Gabrielius Landsbergis, Margus Tsahkna, Annalena Baerbock, Luxembourg's Jean Asselborn, Sabine Siebold, Gwladys Fouche, Terje Solsvik, Benoit Van Overstraeten, Bart Meijer, Charlotte Van Campenhout, Alezander, Boldizsar, Bart H, Meijer, Ros Russell Organizations: NATO, Kyiv, Ukraine, Lithuania's, Estonian, Thomson Locations: OSLO, Moscow, Ukraine, Vilnius, Oslo, Moldova, Kyiv, Europe, United States, Germany, Russia, Estonian, Luxembourg, Hungary, NATO, Brussels, Alezander Tanas, Chisinau, Olena, Budapest
LONDON/TOKYO, May 31 (Reuters) - The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than expected and China's recovery is sputtering. That helped the dollar index , which measures the greenback against six major peers, climb to 104.63, its highest since March 16. Data on Wednesday showed inflation in France and some of Germany's biggest states is slowing quickly. Euro zone-wide inflation data is due out tomorrow. "European inflation is rolling back now and you're taking back some of the previously anticipated hikes from the ECB," said Carl Hammer, chief strategist at European bank SEB.
Persons: Carl Hammer, SEB, Hammer, Shusuke Yamada, Bart Wakabayashi, Sterling, Tayyip Erdogan, Harry Robertson, Kevin Buckland, Mark Potter, Helen Popper Our Organizations: U.S, Analysts, European Central Bank, ECB, U.S ., Bank of America, State, Thomson Locations: TOKYO, France, U.S, China, COVID, Tokyo
EU's Vestager sees draft code of conduct on AI within weeks
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: 1 min
LULEA, Sweden, May 31 (Reuters) - European Union tech chief Margrethe Vestager said she believed a draft voluntary code of conduct for generative AI could be drawn up "within the next weeks", with a final proposal for industry to sign up "very, very soon". "Generative AI is a complete game-changer," Vestager, who is a vice president of the European Commission, told a news conference on Wednesday after a meeting of the EU-U.S. Trade and Technology Council. "Everyone knows this is the next powerful thing. So within the next weeks we will advance a draft of an AI code of conduct," she said, adding she hoped there would be a final proposal "very, very soon" that industry could sign up to. Reporting by Philip Blenkinsop and Bart Meijer; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: Margrethe Vestager, Vestager, Philip Blenkinsop, Bart Meijer, Alison Williams Organizations: LULEA, Union, European Commission, EU, U.S . Trade, Technology Council, Thomson Locations: Sweden
Many in the public are invested in the idea that some of the anomalous phenomena could be extraterrestrial. NASA officials said many panel members had been subjected to online harassment. Throughout the meeting, many commentators on NASA’s YouTube feed accused panel members of lying or covering up evidence of extraterrestrials. Despite such hostility, the panel tried to explain some of the material that has fascinated the public. Many military videos of these phenomena appear interesting at first, but only later do ordinary explanations emerge.
Persons: , Nadia Drake, Scott J, Kelly, ” Mr, , Bart Simpson, Sean M, Kirkpatrick Organizations: NASA, Pentagon, Defense Department, Federal Aviation Administration, The New York Times, YouTube, Navy Locations: United States
Japanese 10,000 yen and U.S. 100 dollar banknotes are arranged for a photograph in Tokyo, Japan, on Sept. 7, 2017. The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Aussie was last down 0.15% at $0.6507, heading back toward last week's 6 1/2-month low of $0.6490. The New Zealand dollar sank as much as 0.5% to a 6 1/2-month trough at $0.60125. Against the Chinese yuan, the U.S. dollar climbed as much as 0.38% to 7.1171 for the first time since Nov. 30.
Persons: Rodrigo Catril, Bart Wakabayashi, Sterling Organizations: Australian, National Australia Bank, Reserve Bank of Australia, New Zealand, U.S, State Locations: Tokyo, Japan, China, United States, Tuesday's
That urban wildland by the BART station was turned into an official city park in 1979, with manicured lawns and a volleyball court, but the station is still ringed by a parking lot. I’ve been thinking about both lately, and the old neighborhood, because there is a new effort — led by BART itself — to cover the parking lot with apartment buildings. Alarmed neighbors leapt into action, organizing through a pair of resistance groups called North Berkeley Neighborhood Alliance and Neighbors Not Towers. At any other time in the previous 50 years, these two groups could well have killed the North Berkeley BART apartments before they broke ground. And the planning commission, when it finally took up the issue of North Berkeley BART, recommended towers of seven to 12 stories, with the possibility of 18 and room for perhaps 2,000 residents.
EU's von der Leyen to meet OpenAI CEO Altman on Thursday
  + stars: | 2023-05-30 | by ( ) www.reuters.com   time to read: 1 min
BRUSSELS, May 30 (Reuters) - European Commission President Ursula von der Leyen will meet the chief executive of OpenAI, Sam Altman, on Thursday, a commission spokesperson said on Tuesday without giving further detail. Altman last week said the ChatGPT maker might consider leaving Europe if it won't be able to comply with the bloc's upcoming artificial intelligence (AI) regulations. Reporting by Bart Meijer, editing by Tassilo HummelOur Standards: The Thomson Reuters Trust Principles.
A lawyer used ChatGPT to write an affidavit in a personal injury lawsuit against an airline. However, the tool is at the heart of a case to discipline a New York lawyer. Steven Schwartz, a personal injury lawyer with Levidow, Levidow & Oberman, faces a sanctions hearing on June 8, after it was revealed that he used ChatGPT to write up an affidavit. The affidavit that used ChatGPT was for a lawsuit involving a man who alleged he was injured by a serving cart aboard an Avianca flight, and featured several made up court decisions. "Six of the submitted cases appear to be bogus judicial decisions with bogus quotes and bogus internal citations," Castel wrote.
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