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☆ UK bars Abu Dhabi-backed group from acquiring Telegraph, pending review
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 1 (Reuters) - Britain's government on Friday blocked an Abu Dhabi-backed group from taking ownership of the media group that owns the Telegraph newspaper while its takeover bid is scrutinised by regulators over freedom of expression concerns. The government intervened in the planned deal on Thursday when it asked regulators to examine the deal. On Friday, culture and media minister Lucy Frazer set out an enforcement order preventing any transfer of ownership of the Telegraph Media Group without her permission and also stopping any changes of its structure or senior editorial staff. As well as the right-leaning Telegraph newspaper, the group owns the Spectator magazine. They are up for sale after Lloyds Banking Group in June seized control following a long-running dispute with owners, the Barclay family.

Persons: Lucy Frazer, Barclay, Jeff Zucker, Mansour bin Zayed Al Nahyan, Camilla Tominey, Tominey, William Schomberg, Nick Zieminski Organizations: Telegraph, Telegraph Media Group, Ofcom, Spectator, Lloyds Banking Group, IMI, CNN, United Arab Emirates, Thomson Locations: Abu Dhabi, UAE, Gulf

☆ Elon Musk's Neuralink raises more cash ahead of human trials next year
▼ + stars: | 2023-11-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Neuralink has raised another $43 million, per an SEC filing, as it faces mounting scrutiny. Billionaire investor Peter Thiel's Founders Fund led the latest round, TechCrunch reported. AdvertisementElon Musk's controversial brain implant company Neuralink has raised more funding as it gears up to start human trials. The latest round was led by billionaire investor Peter Thiel's Founders Fund, TechCrunch reported. The latest funding round comes as Elon Musk faces further criticism over the deaths of monkeys that Neuralink used to test its chips.

Persons: Neuralink, Peter Thiel's, —, Elon, Elon Musk, Gary Gensler, Musk, Luke, Optimus, Neuralink didn't Organizations: SEC, Fund, TechCrunch, Service, Elon, Responsible Medicine, Business

☆ Indian researchers find no link between sudden death and COVID shots
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

The Indian Council of Medical Research (ICMR) conducted a study following what it called "anecdotal reports about sudden unexplained deaths among apparently healthy adults" aged 18 to 45 between October 2021 and March 2023. "We found no evidence of a positive association of COVID-19 vaccination with unexplained sudden death among young adults," the research group said in a study published in the Indian Journal of Medical Research. "At the same time, family history of sudden death, hospitalisation for COVID-19 and lifestyle behaviours such as recent binge drinking and vigorous-intensity physical activity were risk factors for unexplained sudden death." ICMR researchers identified 29,171 sudden deaths and scrutinised the records of 729 of the cases as well as 2,916 "control" subjects as part of their investigation, the group said. Many Indian hospitals ran out of beds during the peak of the COVID crisis and many people died at home.

Persons: Asmita Koladiya, Jiyanshi Gaurang, Amit Dave, Krishna N, Robert Birsel Organizations: REUTERS, Indian, of Medical Research, Thomson Locations: Lodhida, Rajkot district, Gujarat, India, DELHI, COVID

☆ Oil heads for weekly loss as geopolitical risk premium wanes
▼ + stars: | 2023-11-03 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +3 min

Both benchmarks gained more than $2 a barrel on Thursday, but were on track to lose about 4% on the week. The report could bolster the view that the U.S. Federal Reserve need not raise interest rates further. The Fed held interest rates steady on Wednesday, while the Bank of England held rates at a 15-year peak. The stable policies kept oil prices supported as some risk appetite returned to markets. "The oil market will be watching for an escalation of tensions, particularly on the Lebanese border, as Hezbollah attacks increase," City Index Fiona Cincotta said.

Persons: Jussi Rosendahl, Brent, Fiona Cincotta, Sayyed Hassan Nasrallah, Israel, Jeslyn Lerh, Mark Potter Organizations: REUTERS, U.S, West Texas, National Bureau, Statistics, U.S . Labor Department, U.S . Federal, Fed, Bank of, Palestinian, Thomson Locations: Porvoo, Finland, China, Bank of England, Gaza, Lebanese, Saudi Arabia, Singapore

☆ India Probing IPhone Hacking Complaints by Opposition Politicians - Minister
▼ + stars: | 2023-11-02 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

NEW DELHI (Reuters) - India's cyber security agency is investigating complaints of mobile phone hacking by senior opposition politicians who reported receiving warning messages from Apple, Information Technology Minister Ashwani Vaishnaw said. A senior minister from Modi's government also said he had received the same notification on his phone. Apple said it did not attribute the threat notifications to "any specific state-sponsored attacker", adding that "it's possible that some Apple threat notifications may be false alarms, or that some attacks are not detected". In 2021, India was rocked by reports that the government had used Israeli-made Pegasus spyware to snoop on scores of journalists, activists and politicians, including Gandhi. The government has declined to reply to questions about whether India or any of its state agencies had purchased Pegasus spyware for surveillance.

Persons: Ashwani Vaishnaw, Vaishnaw, Rahul Gandhi, Narendra Modi's, Apple, Gandhi, Rupam Jain, Munsif, Miral Fahmy Organizations: Apple, Information Technology, Indian Express, Reuters, Pegasus Locations: DELHI, New Delhi, India

☆ India probing iPhone hacking complaints by opposition politicians - minister
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

Rahul Gandhi, a senior leader of India's main opposition Congress party, addresses the media in New Delhi, India, August 11, 2023. REUTERS/Altaf Hussain Acquire Licensing RightsNEW DELHI, Nov 2 (Reuters) - India's cyber security agency is investigating complaints of mobile phone hacking by senior opposition politicians who reported receiving warning messages from Apple (AAPL.O), Information Technology Minister Ashwani Vaishnaw said. A senior minister from Modi's government also said he had received the same notification on his phone. Apple said it did not attribute the threat notifications to "any specific state-sponsored attacker", adding that "it's possible that some Apple threat notifications may be false alarms, or that some attacks are not detected". The government has declined to reply to questions about whether India or any of its state agencies had purchased Pegasus spyware for surveillance.

Persons: Rahul Gandhi, India's, Altaf Hussain, Ashwani Vaishnaw, Vaishnaw, Narendra Modi's, Apple, Gandhi, Rupam Jain, Munsif, Miral Organizations: REUTERS, Apple, Information Technology, Indian Express, Reuters, Pegasus, Thomson Locations: New Delhi, India, DELHI

☆ Hezbollah leader set to weigh in on Middle East war
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +4 min

Many people in Lebanon are anxiously awaiting the 3 p.m. (1300 GMT) speech, rattled for weeks by fear of a catastrophic conflict. OVERSEEING THE BATTLEWhile Nasrallah has stayed out of the public eye since Oct. 7, other Hezbollah officials have indicated the group's combat readiness. But they have not set any red lines in the conflict with Israel. The speech will be broadcast to coincide with rallies called by Hezbollah to honour fallen fighters. Mutual threats of destruction have deterred Israel and Hezbollah from waging war across the Lebanese-Israeli frontier since 2006.

Persons: Nasrallah, Sayyed Hassan Nasrallah, Israel, Yemen's Houthis, sayyed, Prophet Mohammad, Hassan Fadlallah, Benjamin Netanyahu, Tom Perry, Angus MacSwan, William Maclean Organizations: U.S, Thomson Locations: Lebanon, BEIRUT, Palestinian, Iran, Israel, United States, Syria, Iraq, Gaza, Lebanese

☆ BOJ to release quarterly report that may offer clues on wages
▼ + stars: | 2023-10-19 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

TOKYO, Oct 19 (Reuters) - The Bank of Japan will release a regional economic report on Thursday that may offer clues on whether companies across the country will raise wages next year, and help lay the groundwork for phasing out the central bank's massive monetary stimulus. The report, due at 2 p.m. (0500 GMT), will be closely scrutinised by the central bank's nine-member board at its Oct. 30 to 31 policy meeting, which will compile fresh quarterly growth and inflation projections. The report is drawing more attention than usual this time for possible early clues on whether wage hikes will continue next year and broaden out to smaller firms. That would be seen as a key condition for the BOJ to dial back its stimulus, analysts say. The key for policymakers, however, is whether companies keep hiking wages next year, including smaller firms and across regions.

Persons: Kazuo Ueda, Ueda, Rengo, Leika Kihara, Edmund Klamann Organizations: Bank of Japan, NHK, Reuters, Thomson Locations: TOKYO, Japan

☆ Japan's business mood improves, capex firm in boost to economic outlook
▼ + stars: | 2023-10-02 | by ( Leika Kihara | Tetsushi Kajimoto | ) www.reuters.com time to read: +4 min

TOKYO (Reuters) -Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook. Big non-manufacturers’ index stood at 27, up from 23, the survey showed, above a median market forecast of 24 and improving for the sixth straight quarter. The survey showed big manufacturers expect conditions to improve three months ahead, though sluggish global demand and signs of weakness in China’s economy cloud the outlook. “The tankan showed Japan is on track for a domestic-demand led growth. But analysts expect a mild contraction in the July-September quarter as sluggish global demand weigh on exports.

Persons: Maki Shiraki, ”, Marcel Thieliant, Yoshimasa Maruyama Organizations: Nissan, Co, Ltd's, EV, REUTERS, Companies, Bank of Japan, Capital Economics, Big, Nikko Securities Locations: TOKYO, Tochigi prefecture, Japan, Asia, U.S

☆ Morning Bid: Fed fireworks set nervy stage for BoE
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Reuters GraphicsU.S. yields pushed even higher in the Asian time zone, while U.S. stock futures pointed lower. Asian shares slumped region-wide (.MIAP00000PUS) - including a 1% slide for Japan's Nikkei - while crude oil extended its retreat from a 10-month peak. But the BoE is actually the last of the European central banks to set policy on Thursday, with the SNB and Riksbank kicking things off, followed shortly by Norges Bank. This week's central bank bonanza doesn't end in Europe either. Japan's currency, though, is at the mercy of the dollar, sinking to the weakest since the start of November to 148.465 yen , increasing the risk of central bank intervention.

Persons: Kevin Buckland, Jay Powell, BoE, Kazuo Ueda, Jacqueline Wong Organizations: Federal Reserve, Bank of England, Reuters Graphics, Japan's Nikkei, Norges Bank, of, Yomiuri, Swiss National Bank, Thomson Locations: Europe

☆ Australian regulator sues crypto exchange for design, distribution failures
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

Sept 21 (Reuters) - Australia's corporate regulator said on Thursday it had initiated civil proceedings against Bit Trade Pty Ltd, provider of the Kraken crypto exchange to Australian customers, for failing to comply with design and distribution obligations for its margin trading product. The design and distribution obligations (DDO) require firms to design financial products that meet the needs of consumers and distribute them in a targeted manner. Bit Trade's margin trading product is a credit facility as it provides customers credit to buy and sell certain crypto assets on the Kraken exchange, ASIC said. It said at least 1,160 customers had used the margin trading product, incurring a total loss of about A$12.95 million ($8.35 million) since DDO began in October 2021. ($1 = 1.5516 Australian dollars)Reporting by Himanshi Akhand in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: DDO, Sarah Court, Himanshi, Pooja Desai Organizations: Bit Trade, Ltd, Australian Securities and Investments Commission, Thomson Locations: Bengaluru

Oil prices continued to push higher, with the international benchmark Brent crude price moving past $95 to its highest since November 2022. Reuters GraphicsInvestors and central bankers are contending with a sharp rise in oil prices as demand has picked up but Saudi Arabia and Russia have limited supply. Samuel Zief, head of global FX strategy at JPMorgan Private Bank, said central banks should not be overly concerned by the run-up in oil prices, which he said should fade as economies slow. "What the central banks are really, really focused on, it's not really the supply-side energy shocks anymore, it's really the sticky services part of the inflation basket," he said. "Pick whatever central bank you want, they're talking about either they're done already or they'll do one more hike and they'll go on pause."

Persons: Germany's DAX, Duncan MacInnes, Jerome Powell's, Samuel Zief, it's, Kazuo Ueda, Harry Robertson, Kevin Buckland, Lewis Jackson, Stephen Coates, Bernadette Baum, Chizu Organizations: Federal Reserve, Bank of England, Bank of Japan, Brent, FTSE, Nasdaq, Reuters Graphics Investors, . West Texas, JPMorgan Private Bank, of England, Bank of, Japan's Nikkei, Tokyo, Reuters, Thomson Locations: TOKYO, Asia, Japan, U.S, Saudi Arabia, Russia, Bank of Japan, London, Tokyo

☆ EU watchdog scrutinises banks' defences after SVB, Credit Suisse woes
▼ + stars: | 2023-09-19 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Recent banking crises in the United States, where Silicon Valley Bank collapsed, and in Switzerland where UBS was forced to acquire Credit Suisse, show that banks and regulators need to increase preparedness for rapidly unfolding crises, the Single Resolution Board (SRB) said. Forcing banks in the EU's banking union to have minimum requirement for own funds and eligible liabilities (MREL) was a lesson from the 2008 global financial crisis where taxpayers had to bail out banks. MREL debt is written down in a crisis to "bail in" the bank and help stop it from being "too big to fail". The SRB, which sets MREL targets, said that by the end of 2022, two-thirds of banks met their final target. Evaporating liquidity was a hallmark of recent banking turmoil and is being scrutinised in resolution plans of banks.

Persons: Huw Jones, Mark Potter Organizations: Silicon, Silicon Valley Bank, UBS, Credit Suisse, Thomson Locations: European, United States, Silicon Valley, Switzerland

☆ Asian shares stumble as investors brace for central bank packed week
▼ + stars: | 2023-09-18 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

S&P 500 futures advanced 0.2% while Nasdaq futures edged 0.1% higher. Also, Chinese trust firm Zhongrong International Trust Co, with exposure to Chinese property developers, said over the weekend it was unable to make payments on some trust products on time. The euro recovered 0.1% to $1.0673 in early Asia trade, after slumping to a 3-1/2 month low of $1.0629 last week as the European Central Bank signalled its rate hikes could be over. Brent crude futures rose 0.3% at $94.20 per barrel and U.S. West Texas Intermediate crude futures were up 0.4% at $91.14. Reporting by Stella Qiu; Editing by Lincoln Feast and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: BOE, BOJ, Tommy Xie, Jerome Powell, Chris Weston, Weston, Kazuo Ueda, Cash Treasuries, Stella Qiu, Lincoln Organizations: SYDNEY, Federal Reserve, Bank of Japan, Nasdaq, Japan's Nikkei, China Evergrande, HK, International Trust Co, Greater, Greater China Research, OCBC Bank, U.S . Federal, Fed, U.S ., Bank of England, Treasury, Amazon, European Central Bank, Brent, . West Texas, Thomson Locations: China, Asia, Pacific, Japan, Hong Kong, Beijing, Greater China, Tokyo

☆ EU states consider easing post-Brexit derivatives clearing plan
▼ + stars: | 2023-09-14 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

But the Spanish EU presidency wants to water this down. Under the draft law, EU securities watchdog ESMA would determine minimum clearing thresholds. The European Parliament is also finalising its own position, before it meets with EU states to thrash out a final text. EU clearing customers "shall clear at least proportions" of euro derivatives in an active account, the compromises say, specifying no minimum clearing figure from the outset. If not enough clearing is being done in the EU within 18 months, ESMA should specify the proportion of clearing that each customer must undertake through their EU accounts, the compromises say.

Persons: Dado Ruvic, Lawmakers, Huw Jones, Alexander Smith Organizations: REUTERS, European Commission, European Union, EU, London Stock Exchange, Deutsche Boerse's Eurex, Reuters, Thomson Locations: Britain, London, Frankfurt, Spanish, EU

☆ UK has not backed down in tech encryption row, minister says
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Britain's Secretary of State for Science, Innovation and Technology Michelle Donelan walks on Downing Street in London, Britain March 15, 2023. Junior minister Stephen Parkinson appeared to concede ground to the tech companies' arguments on Wednesday, saying in parliament's upper chamber that the Ofcom communications regulator would only require them to scan content where "technically feasible". Tech companies have said scanning messages and end-to-end encryption are fundamentally incompatible. Donelan, however, denied on Thursday that the bill had been watered down in the final stages before it becomes law. She said further work to develop the technology was needed, but added that government-funded research had shown it was possible.

Persons: Technology Michelle Donelan, Peter Nicholls, Michelle Donelan, Stephen Parkinson, Paul Sandle, Helen Popper Our Organizations: State for Science, Innovation, Technology, REUTERS, Junior, Ofcom, Tech, Times Radio, Thomson Locations: London, Britain

The rupee closed at 82.9350 per U.S. dollar, 0.2% stronger than its close of 83.1075 on Monday. "Inflows for initial public offerings and presence of the central bank around 83.10 levels ensured some strength in the rupee after nearly two weeks of fall," said Anil Bhansali, head treasury at Finrex Treasury Advisors. The easing of the dollar index also aided in helping the rupee strengthen past the 83 mark, a trader with a private bank said. "A large foreign bank was mainly on the selling side," the private bank trader added. India's central bank ensured the rupee did not depreciate significantly despite immense dollar-buying pressure from oil companies, Bhansali said.

Persons: Francis Mascarenhas, Anil Bhansali, Vishnu Prakash R, Jerome Powell's, Jackson, Bhansali, Swati Bhat, Janane Organizations: REUTERS, Rights, Treasury, Companies, Aeroflex Industries, Vishnu, U.S, Traders, Jackson, Thomson Locations: Mumbai, India

☆ Italy rules Pirelli's Chinese top investor cannot choose CEO
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pirelli CEO Marco Tronchetti Provera attends a theatrical performance on the occasion of the 150th anniversary celebration of Italian tyremaker in Milan, Italy, January 28, 2022. Rome's move came after Sinochem notified the Italian government in March of plans to renew and update an existing shareholder pact with fellow investor Camfin, the vehicle of Pirelli's CEO Marco Tronchetti Provera. Rome also ruled Sinochem should pick no more than eight members of Pirelli's 15-strong board, leaving four to Camfin. Pirelli shareholders vote to pick a new board on July 31, with current deputy CEO Giorgio Bruno set to replace Tronchetti Provera, who would stay on as executive vice-chairman. Analysts see the move as an initial step to build an alternative and stable group of Italian shareholders for the company.

Persons: Marco Tronchetti Provera, Flavio Lo Scalzo, China's, tyremaker Pirelli, Rome's, Sinochem, Camfin, Giorgia, Tronchetti Provera, Pirelli's, Giorgio Bruno, Giuseppe Fonte, Valentina Za, Giulio Piovaccari, Louise Heavens Organizations: Pirelli, REUTERS, Reuters, Thomson Locations: Milan, Italy, China, Rome, Camfim

Sinochem was not immediately available for comment, while Pirelli declined to comment. Sources had previously told Reuters that the government was concerned about Sinochem's growing influence on Pirelli, as the proposed pact would have allowed the Chinese group to appoint more board members and potentially choose Pirelli's future CEOs. Founded in 1872, Pirelli is one of Italy's most storied companies. CHANGES NEEDEDMeloni's government refrained from imposing even tougher conditions on Sinochem, including blocking its voting rights in Pirelli. The Chinese group earlier this year confirmed its plans to remain a long-term investor in Pirelli.

Persons: China's Sinochem, Marco Tronchetti Provera, Giorgia, Sinochem, Rome, Camfin, Giorgio Bruno, Tronchetti Provera, Alvise Armellini, Giuseppe Fonte, Giulio Piovaccari, Sandra Maler Organizations: Beijing, tyremaker Pirelli, Camfin, Pirelli, Reuters, Big, Ferrari, Porsche, BMW, Formula, Initiative, Thomson Locations: Beijing ROME, China, Beijing, Italy, Europe, Rome, Milan

☆ Vodafone and Three merger faces scrutiny from competition regulators
▼ + stars: | 2023-06-15 | by ( Paul Sandle | ) www.reuters.com time to read: +5 min

The $19 billion tie-up will be scrutinised by Britain's Competition and Markets Authority, the antitrust regulator which made global headlines in April when it blocked Microsoft's $69 billion acquisition of "Call of Duty" maker Activision Blizzard. The long-awaited mobile deal reduces the number of networks from four to three, challenging a tenet long held by regulators that four help to keep prices low in major markets. "The government's desire to make the UK a 5G powerhouse requires a lot of investment," he said. One London-based investment banker, who declined to be named, said he put the chance of the deal receiving the green light from regulators at 50%. A major telecoms investor said the deal could be approved, but only with strong remedies, and that could risk undermining its rationale.

Persons: CK Hutchison, Activision Blizzard, Hutchison, Paolo Pescatore, Peter Broadhurst, Moring, James Gray, Sarah Cardell, Robert Finnegan, Gray, Paul Sandle, Amy, Jo Crowley, Sinead Cruise, Kate Holton, Emelia Organizations: Microsoft, Activision, Hutchison, O2, Vodafone, CK, HK, Britain's Competition, Markets Authority, Ofcom, European Commission, Foresight, Hutchison's, UK plc, Victoria, Crowell, CMA, Reuters, National Security and Investment, Britain's, Tesco Mobile, Telefonica, Thomson Locations: Hong Kong, Britain, Europe, China, London, Germany

Ministry of Finance data showed on Thursday that exports rose 0.6% year-on-year in May, for the 27th straight month of rises, led by 66% growth in car shipments. Reuters GraphicsThis year, domestic demand may temporarily outpace slumping exports as a key driver of growth, said Takeshi Minami, chief economist at Norinchukin Research Institute. Separate government machinery orders data, also released Thursday, underlined the struggles faced by manufacturers though the overall numbers suggested the services sector is providing some cushion to the economy. U.S.-bound exports, another key market for Japanese exports, grew 9.4% in the year to May on double-digit gain in car shipment. "For the outlook of Japanese exports, the U.S. Fed's rate-hike pause is a positive news that will further vitalise American private consumption", said Kazuma Kishikawa, economist at Daiwa Institute of Research.

Persons: Darren Tay, Takeshi Minami, Kazuma Kishikawa, Tetsushi Kajimoto, Riddhima Talwani, Shri Navaratnam Organizations: Ministry of Finance, Capital Economics, Reuters, Norinchukin Research, Bank of Japan, Daiwa Institute of Research, Thomson Locations: TOKYO, Taiwan, South Korea, Japan, China, U.S

REUTERS/John Sibley/File PhotoLONDON, June 15 (Reuters) - Odey Asset Management is in advanced talks to move funds and staff to other asset managers as it grapples with the fallout of sexual misconduct allegations against its founder Crispin Odey. A spokesperson for the hedge fund declined further comment on Thursday. Hedge funds such as OAM rely on leverage from prime brokerage service providers to make their market bets. Without a prime broker, a hedge fund which needs to borrow stocks cannot function. A spokesperson for OAM also declined to comment on whether the moves signalled that the hedge fund would close.

Persons: Crispin Odey, John Sibley, Odey, Goldman Sachs, Morgan Stanley, JP Morgan, James Hanbury, Harriett Baldwin, Nell Mackenzie, Sinead Cruise, Dhara Ranasignhe, Alexander Smith Organizations: REUTERS, Odey, Management, Financial Times, Tortoise Media, Reuters, UBS, Authority, Asset Management, FCA, Treasury, Thomson Locations: Westminster, London, Britain

The plan comes a day before an annual shareholders meeting where governance and strategy - including a slow pivot to battery EVs under former CEO Akio Toyoda - will be scrutinised. Toyota said it aims to launch next-generation lithium-ion batteries from 2026 offering longer ranges and quicker charging. At the high end of the market, Toyota said it would produce an EV with a more efficient lithium-ion battery offering a range of 1,000 km (621 miles). An EV powered by a solid-state battery would have a range of 1,200 km and charging time of just 10 minutes, Toyota said. "What we want to achieve is to change the future with BEVs," Takero Kato, president of new Toyota EV unit BEV Factory, said in a video posted on the automaker's YouTube channel on Tuesday.

Persons: Akio Toyoda, Koji Sato, Takero Kato, BEV Factory, Henry Ford, Koji Endo, Toyota's, I'm, it's, Toyota's BEV Factory, Kato, Tesla, Daniel Leussink, Christopher Cushing, Kevin Krolicki Organizations: Toyota, EVs, Tesla, Engineers, Toyota EV, YouTube, NEW ASSEMBLY, SBI Securities, Lexus, Thomson Locations: TOKYO, China

☆ AI generated content should be labelled, EU Commissioner Jourova says
▼ + stars: | 2023-06-05 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

Unveiled late last year, Microsoft-backed (MSFT.O) OpenAI's ChatGPT has become the fastest-growing consumer application in history and set off a race among tech companies to bring generative AI products to market. "Signatories who integrate generative AI into their services like Bingchat for Microsoft, Bard for Google (GOOGL.O) should build in necessary safeguards that these services cannot be used by malicious actors to generate disinformation," Jourova told a press conference. "Signatories who have services with a potential to disseminate AI generated disinformation should in turn put in place technology to recognise such content and clearly label this to users," she said. Companies such as Google, Microsoft and Meta Platforms (META.O) that have signed up to the EU Code of Practice to tackle disinformation should report on safeguards put in place to tackle this in July, Jourova said. "By leaving the Code, Twitter has attracted a lot of attention and its actions and compliance with EU law will be scrutinised vigorously and urgently," Jourova said.

Persons: Bard, Vera Jourova, OpenAI's ChatGPT, Jourova, scrutinised, Foo Yun Chee, Kirsten Donovan Organizations: Companies, European Commission, Microsoft, Google, Meta, Twitter, Thomson Locations: BRUSSELS, EU

☆ Indian rupee to see more losses on dollar spike and higher U.S. yields
▼ + stars: | 2023-05-15 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 15 (Reuters) - The Indian rupee is expected to weaken on Monday, adding to last week's losses, tracking a rally on the dollar index and higher U.S. yields on worries surrounding U.S. inflation. The dollar index climbed 0.6% on Friday to reach its highest level in a month and the two-year U.S. yield was back to nearly 4%. Renewed worries over the inflation outlook in the U.S. pushed yields higher and supported demand for the dollar. "Their assessments of whether recent labour market and inflation data support pausing in June or not will be scrutinised," ANZ said in a note. India's inflation data was "supportive" of the rupee in the medium term, the trader said.

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