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AMSTERDAM, Netherlands — Major banks and fintech companies claim to be piling into generative artificial intelligence as the hype surrounding the buzzy technology shows no signs of fizzling out — but there are lingering fears about potential pitfalls and risks. Chalapathy Neti, head of AI at global bank messaging network Swift, described the progress made with ChatGPT and GPT-4 as "mind-boggling." The Netherlands' ABN Amro is one banking giant that's piloting the use of generative AI in its processes. It's also using it to help its employees gather data on customers to assist with answering queries and avoid repetitive questions. Indeed, the banks appeared unanimous in their hesitation to roll out ChatGPT-like tools to customer-facing scenarios.
Persons: Vreugdenhil, It's, Mariana Gomez de Organizations: ABN Amro, ABN, Mariana Gomez de la Villa, ING Bank Locations: Warsaw, Poland, AMSTERDAM, Netherlands, Amsterdam
A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Meanwhile, CEO Safra Catz said she expects adjusted earnings in the fiscal first-quarter of $1.12 to $1.16 per share. Urban Outfitters — Shares rose 3.4% following an upgrade to overweight from equal weight by Morgan Stanley. Apple — Apple declined 0.7% in the premarket after UBS downgraded the stock to neutral from buy late Monday. Home Depot is also slated to hold an investor day at 9 a.m.Ulta Beauty — The beauty stock rose 0.8% after Loop Capital upgraded Ulta Beauty to buy from hold.
Persons: Safra Catz, Refinitiv, Morgan Stanley, Apple —, Bunge, , Brian Evans, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Oracle, , Apple, Apple — Apple, UBS, JPMorgan, Bunge, Target Locations: Redwood Shores , California, Rotterdam, Netherlands
Previously, the Netherlands had said it aimed to start training Ukrainian pilots "as soon as possible", but had stopped short of specifying when such training could get under way. And we'll see if that's realistic" for the start of the training programme, Dutch Defense Minister Kajsa Ollongren told Reuters in an interview. A final decision has not yet been taken on a request from Kyiv to supply dozens of F-16s, Ollongren said. Two sources, speaking on condition of anonymity, told Reuters the training would begin with two groups of 12 Ukrainian pilots, already experienced flying Soviet-era MiGs. Ukrainian pilots would have to learn how to operate the F-16's so-called 'hands-on throttle and stick'.
Persons: Kajsa Ollongren, Ollongren, it's, Volodymyr, Zelenskiy, Colonel Laurens, Jan Vijge, that's, Anthony Deutsch, Phillip Stewart Organizations: NATO, Reuters, Dutch Defense, U.S, Thomson Locations: Netherlands, U.S, Russia, Denmark, Ukraine, Kyiv, Belgium, Luxembourg, France, Britain, Soviet, Ukrainian, Dutch, Afghanistan, The Hague, Washington
June 12 (Reuters) - The International Boxing Association (IBA) will appeal to the Court of Arbitration for Sport (CAS) against the International Olympic Committee's (IOC) decision to strip it of recognition, a source familiar with the matter told Reuters. The decision now needs the rubber-stamping of an extraordinary IOC session, to be held remotely on June 22. The IOC executive board recommended that the IOC Session decide "the IBA should not organise the Olympic Games LA28 boxing tournament." In an IBA report sent to the IOC recently, the boxing association blamed the Olympic body for intransigence and false statements. The newly formed boxing body includes the United States and Britain as well as New Zealand, Germany, Netherlands and Sweden, who joined the Swiss-registered World Boxing in April.
Persons: Kremlev, Karolos Grohmann, Aadi Nair, Christian Radnedge Organizations: Boxing Association, Sport, Reuters, IBA, IOC, Games, Tokyo, Gazprom, Swiss, Boxing, Thomson Locations: Tokyo, Russian, Ukraine, United States, Britain, New Zealand, Germany, Netherlands, Sweden
So what's hot in fintech right now? One area fintech companies are getting excited by is an improvement to online checkout tools. Callan Carvey, global head of operations at Cleo, said the firm's AI connects to a customer's bank account to get a better understanding of their financial behavior. "A job that typically would take around one or two weeks can now be completed in 30 minutes, right. Several fintech executives CNBC interviewed spoke of how they're not interested in launching products tailored to crypto as the demand from their customers isn't there.
Persons: MacKenzie Sigalos, hasn't, they've, Starling, Richard Davies, Davies, Niklas Guske, , B2C fintechs, David Singleton, Guske, dazzled, Cleo, Callan Carvey, Carvey, Teo Blidarus, Taktile's, Hiroki Takeuchi, Takeuchi, Changpeng Zhao, they're, Jack Zhang, Zhang, Prajit Nanu, cryptocurrencies, Banks, Nanu Organizations: Bank, fintechs, CNBC, Business, Allica Bank, B2B, Tiger, Schroders Capital, Atom Bank, Schroders, U.S . Securities, Exchange Commission, SEC, U.S, cryptocurrencies Locations: Amsterdam, MacKenzie Sigalos AMSTERDAM, Netherlands, British, Atomico, U.S
Wingtech-owned Nexperia denied German subsidy
  + stars: | 2023-06-08 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, June 8 (Reuters) - Computer chip maker Nexperia, which is headquartered in the Netherlands and owned by a Chinese company, has been denied a request for a subsidy in Germany. A spokesperson for Nexperia, based in Nijmegen, Netherlands, and owned by China's Wingtech (600745.SS), said the company had not been given an explanation for the rejection. Dutch newspaper Het Financieele Dagblad initially reported the news, citing a European Commission document. Nexperia has had several plans for projects in Europe disrupted by government concerns in the past year over its Chinese ownership. Nexperia is the former Standard Products division of chipmaker NXP (NXPI.O), spun off in 2016 and acquired by Wingtech in 2018.
Persons: China's Wingtech, Nexperia, chipmaker, Toby Sterling, Leslie Adler, Mark Porter Organizations: European, British, Standard Products, Wingtech, Thomson Locations: AMSTERDAM, Netherlands, Germany, Nijmegen , Netherlands, Europe, Delft, Newport , Wales
Participants of a demonstration against arms deliveries to Ukraine stand in front of a carnival figure of Russian President Putin in a bloodbath in Düsseldorf. Twice as many Europeans now see Russia as an adversary than did before the war, yet almost half are unconfident that Ukraine will defeat its opponent. In a multi-country survey by the European Council on Foreign Relations (ECFR), almost two thirds of respondents said they now regarded Russia as an adversary or a rival — double the number of 2021. Majorities across Denmark, Poland, Sweden and Germany viewed Moscow as an opponent, while only 37% of those surveyed in Italy and 17% in Bulgaria felt the same. Only one third of respondents said they saw Ukraine winning the war as likely or highly likely, while nearly two fifths (22%) were undecided, and almost half viewed it as unlikely or highly unlikely.
Persons: Putin, Sweden — Organizations: European Council, Foreign Relations, U.S Locations: Ukraine, Düsseldorf, Russia, Denmark, Poland, Sweden, Germany, Moscow, Italy, Bulgaria, Austria, France, Hungary, Netherlands, Spain, U.S, Europe
PARIS, June 7 (Reuters) - The International Olympic Committee executive board on Wednesday recommended withdrawing recognition of the International Boxing Association (IBA) over its failure to meet a set of reforms, the Olympic body said in a statement. "The report establishes that the IBA has failed to fulfil the conditions set by the IOC... for lifting the suspension of the IBA’s recognition." In an IBA report sent to the IOC recently, the association blamed the Olympic body for intransigence and false statements. The Swiss Boxing Federation last week became the latest national ruling body of the sport to leave IBA and join the rival boxing organisation. The newly formed boxing body includes the United States and Britain as well as New Zealand, Germany, Netherlands and Sweden, who joined the Swiss-registered World Boxing in April.
Persons: Umar Kremlev, Karolos Grohmann, Gareth Jones, Ed Osmond Organizations: Olympic Committee, International Boxing Association, IOC, Olympic Games, IBA, Tokyo, Gazprom, Swiss Boxing Federation, Swiss, Boxing, Thomson Locations: Los, Russia, Ukraine, United States, Britain, New Zealand, Germany, Netherlands, Sweden
A view of the exterior of the new Dutch head office of international technology company 3M in Delft, Netherlands, November 5, 2014. EPAM Systems — Shares of the software engineering firm tumbled 18% after it cut guidance amid further deterioration in near-term demand. Amedisys — The health care company's shares rallied 14% after it received an unsolicited buyout offer from Optum, a unit of UnitedHealth , to acquire Amedisys for $100 a share in cash. ImmunoGen — The biotechnology company's shares gained 5% after it announced results from ovarian cancer treatment Elahere showing a roughly 35% reduction in the risk of disease progression or death compared to chemotherapy. Dollar General — Shares fell 2.7% after Morgan Stanley downgraded the discount retailer's stock to equal weight from overweight Sunday.
Persons: Dow, Coinbase, Binance, Changpeng Zhao commingled, Robinson, Ford's David Bozeman, Morgan Stanley, KeyBanc, , Yun Li, Alex Harring, Jesse Pound, Samantha Subin, Brian Evans Organizations: Palo Alto Networks, Dow Jones, Dish Network, 3M, Bloomberg, U.S . Securities, Exchange Commission, Care, Ford, Equitrans Midstream Corporation, Ford Motor Co, Citi, Spotify, Target, Apple —, Developers Conference, Apple Locations: Delft, Netherlands, Optum, Bozeman, U.S, Cupertino , California
Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.
Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, , WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi
CNN —Barcelona Femení overcame a 2-0 deficit to defeat Wolfsburg 3-2 in a dramatic Women’s Champions League final and banish its disappointment from last year. The only blemish on Barcelona’s all-conquering record these past few seasons was last year’s Champions League final, as it succumbed to a 3-1 defeat against Lyon, despite otherwise marauding through records and later becoming the first ever football team to win 50 consecutive league games. Saturday’s final against Wolfsburg in Eindhoven, Netherlands was a chance for redemption, but 2-0 down at half time, it seemed that Barcelona would have to wait at least another year to secure a second Women’s Champions League trophy. Legendary forward Alexandra Popp timed her run to perfection as she headed in Pajor’s pass into the box for a record-equaling fourth goal in Women’s Champions League finals. Alex Gottschalk/DeFodi Images/Getty ImagesParalluelo almost pulled one back for Barcelona just before halftime but for a brave, brilliant save Merle Frohms.
Persons: CNN — Barcelona Femení, Ewa Pajor, Lucy Bronze, – Irene Paredes ’, Caroline Graham Hansen, Alexandra Popp, Alex Gottschalk, Merle Frohms, Patri Guijarro, Dazn, , Fridolina Rolfö Organizations: CNN — Barcelona, Wolfsburg, League, Lyon, Champions League, Barcelona, Women’s Champions League, women’s Locations: Eindhoven, Netherlands, Barcelona, Wolfsburg, Pajor’s
[1/5] Former head of Serbia's state security service Jovica Stanisic appears in court at the UN International Residual Mechanism for Criminal Tribunals (IRMCT) in The Hague, Netherlands May 31, 2023. REUTERS/Piroschka van de Wouw/PoolTHE HAGUE, May 31 (Reuters) - U.N. judges on Wednesday expanded the convictions of two former Serbian spymasters who worked for Yugoslav ex-president Slobodan Milosevic and sentenced them to 15 years in the final case before the tribunal in The Hague dating from the Balkan wars of the 1990s. The former head of Serbia's state security service, Jovica Stanisic, and his subordinate Franko "Frenki" Simatovic could be held responsible for crimes in several Bosnian municipalities and one Croatian one due to their role in financing and training Serb militias during the break-up of Yugoslavia, appeals judges said. The Appeal chamber found Stanisic and Simatovic "shared the intent to further the common criminal plan to forcibly and permanently remove the majority of non-Serbs from large areas of Croatia and Bosnia", presiding judge Judge Graciela Gatti Santana said, reading a summary of the verdict expanding their convictions. Reporting by Stephanie van den Berg; Editing by Toby Chopra and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.
Persons: Stanisic, de, Serbian spymasters, Slobodan Milosevic, Jovica Stanisic, Franko, Frenki, Graciela Gatti Santana, Stephanie van den Berg, Toby Chopra, Philippa Fletcher Organizations: UN, REUTERS, HAGUE, Yugoslav, Thomson Locations: The Hague, Netherlands, Serbian, Bosnian, Yugoslavia, Croatia, Bosnia
CNN —Dutch police arrested over 1,500 people after Extinction Rebellion protesters blocked a motorway in The Hague on Saturday. Hundreds of police were deployed to “maintain public order” during the climate protest, Dutch police said in a press release Saturday. Oscar Brak/NurPhoto/Getty ImagesActivists are arrested after blocking the A12 motorway in The Hague. Michel Porro/Getty ImagesVideos of the protest posted in social media showed protesters dressed in swimsuits and raincoats, prepared for the water cannons. Forty people were arrested for other criminal offenses including obstructing, blocking, vandalism, and insulting, according to the press release.
[1/5] Cars belonging to the Palmen collection are displayed in the warehouse in which they were stored over the last 40 years, ahead of Friday's auction, in Dordrecht, Netherlands May 25, 2023. He never showed off his cars but rather kept them a secret, scared people might steal them, Nico Aaldering from Gallery Aaldering said. Palmen could afford to buy the cars thanks to smart investments, including in real estate, said Hans van der Pluijm from Classic Car Auctions, which is running the auction. "It's a collection you will probably never find in this condition, in this quantity again," said Hans van der Pluijm from Classic Car Auctions. It's special in every shape and it's wanted in every collection," Van der Pluijm said.
London CNN —Britain and the Netherlands are working on an “international coalition” to help Ukraine procure F-16 fighter jets that Kyiv says are vital to its defense as Russia ramps up its aerial strikes, a spokesperson for UK Prime Minister Rishi Sunak said Tuesday. Ukraine, which has been saying the fighter jets are essential to defend against Russian missile and drone attacks, welcomed the announcement from the British and Dutch leaders. Britain does not have F-16s in its air force, but the Netherlands and Belgium do. Early on in the war, the US believed that supplying Ukraine with new fighter jets would risk an escalation between NATO and Russia. Any movement of F-16s to Ukraine would require US approval and US President Joe Biden said earlier this year that Kyiv did not need the fighter jets.
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. The company's Covid vaccine is its lone marketed product after 35 years in business. The company reported R&D expenses of $258 million and SG&A expenses of $162 million last year. The company raced against Pfizer and Moderna to develop the first Covid vaccine early in the pandemic. Novavax's shot is the first Covid vaccine to use protein technology, a decades-old method for fighting viruses used in routine vaccinations against hepatitis B and shingles.
LIVERPOOL, England, May 9 (Reuters) - Eurovision 2023 has kicked off in Liverpool, northern England, where acts from 37 countries are competing to win the 67th edition of the song contest. There are 37 countries taking part with 31 competing in two semi-finals and 10 going through to the Grand Final. Ukraine, as the previous winner, automatically progresses to the Grand Final, along with the "big five", comprising the United Kingdom, France, Germany, Spain and Italy. Semi-final 1: viewers in the 15 countries taking part are eligible to vote, alongside France, Germany, and Italy. Semi-final 2: Viewers in the 16 countries taking part are eligible to vote, alongside Spain, Ukraine, and the UK.
Italians judge Spanish pizzeria as the best in Europe
  + stars: | 2023-05-04 | by ( Julia Buckley | ) edition.cnn.com   time to read: +6 min
Enter 50 Top Pizza, an international guide run by Italians that produces a series of annual rankings rewarding some of the best pizzerias on the planet. The 2023 European list has just been published – and, according to 1,000 anonymous “inspectors” across the continent, the best pizza in Europe is in… Spain. The entity – a pizza guide, which has been ranking restaurants since 2017 – has separate listings for the 50 best pizzerias in the cradle of pizza. The best pizza was judged to be Panatieri's "Salsa de tomates cherry asados, mozzarella y holandesa de albahaca." Today this is not the case.”As for the Italy rankings, they will be revealed in Rome on July 12.
Dutch government sources estimate the deal at 20 billion euros ($22 billion) or more, but German industry sources say it may be less. TenneT had a book value of 7.3 billion euros at the end of 2022, on a balance sheet of 38.5 billion euros. TenneT's German grid alone has liabilities of 21.6 billion euros, nearly three times that of the Dutch network. TenneT's 19 billion euros of outstanding bonds, issued when interest rates were lower, are another issue, the people said. Dutch pension fund PGGM, one of TenneT's bondholders, expects such an outcome in the event of a sale.
Dutch PM says talks on F-16s for Ukraine progressing
  + stars: | 2023-05-04 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, May 4 (Reuters) - Talks on a potential donation of F-16 fighter jets to Ukraine are progressing, Netherlands Prime Minister Mark Rutte said on Thursday during a visit by Ukrainian President Volodymyr Zelenskiy to The Hague, but no decision has been made. Answering a question at a press conference alongside Zelenskiy and Belgian Prime Minister Alexander De Croo, Rutte said "On the F-16's: no taboos." He said on Thursday said that discussions on F-16s would "take time" as did previous discussions on donating Leopard 2 tanks and armoured howitzers. "But at this moment the panzer-howitzers are in Ukraine, (and) the Leo 2s are being delivered to Ukraine," he noted. "So we will work on this diligently, on the F-16s, and clearly there is support in parliament for this government to work on that."
CNN —Barcelona reached its third straight Women’s Champions League final with a 1-1 draw against Chelsea on Thursday, ensuring the Spanish club advanced 2-1 on aggregate. “In the second half I knew that it was a tense situation but also a dangerous one because one slip from us could have let Chelsea level the tie. In what was a rematch of the 2021 Women’s Champions League final in which Barcelona comfortably beat Chelsea 4-0, Thursday’s game was a much tighter affair, with both sides having good chances. Felipe Mondino/LiveMedia/ShutterstockBut Reiten’s leveler ensured a nervy final 20 minutes, but Chelsea was unable to find that illusive goal. Especially second half, I thought we were the better team.
Charles’ coronation is expected to be shorter than his mother’s seven decades ago. The spot where King Charles will be crowned inside Westminster Abbey Dan Kitwood/Getty ImagesWhat happens during the coronation service? Which crown will King Charles use? How is King Charles making the ceremony more inclusive? Don’t missThe coronation of King Charles III brings pageantry, revelry, and new questions – is the monarchy relevant in the modern world?
Dutch celebrate King's Day as confidence in monarchy diminishes
  + stars: | 2023-04-27 | by ( ) www.reuters.com   time to read: +2 min
[1/5] King Willem-Alexander and Queen Maxima of the Netherlands pose with their daughters, Princess Ariane and Princess Catharina-Amalia, during King's Day (Koningsdag) in Rotterdam, Netherlands, April 27, 2023. REUTERS/Piroschka van de WouwROTTERDAM, April 27 (Reuters) - Millions of Dutch revellers took to the streets on Thursday to celebrate King's Day festivities, dressing in orange and enjoying open-air markets - even as trust in the man at the centre of the nationwide party sinks to a low ebb. These numbers had held firm at around 75% until the start of the COVID-19 pandemic in 2020. The historic centres of Amsterdam, Utrecht and The Hague have been filled with thousands of people since late on Wednesday as King's Eve parties kicked off the festivities. Reporting by Bart Meijer; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Russian Foreign Minister Sergey Lavrov holds a press conference during the 77th session of the United Nations General Assembly (UNGA) at U.N. headquarters on September 24, 2022 in New York City. Stephanie Keith | Getty ImagesUNITED NATIONS — When Russian Foreign Minister Sergey Lavrov takes the helm of the United Nations Security Council on Monday it will be against a backdrop of mounting allegations of Russian war crimes reported across Ukraine. Since then, the war has claimed the lives of more than 8,500 civilians, led to nearly 14,000 injuries and displaced more than 8 million people, according to United Nations' own estimates. Lvova-Belova told the Security Council on April 5 that the transfer of Ukrainian children to Russia was part of a humanitarian campaign. In some cases, the commission found that Ukrainian forces committed war crimes against Russian troops, though those incidents were less frequent.
BRUSSELS, April 24 (Reuters) - The Netherlands and Britain plan to build what would be Europe's biggest cross-border electricity link connected to an offshore wind farm, their energy ministers said on Monday, part of efforts to boost energy security. "This new connection further boosts energy security and energy independence in Europe," Dutch Energy Minister Rob Jetten said in a statement. Britain and the Netherlands currently have one power interconnector, the 1GW BritNed link. The countries' leaders will commit to rapidly building wind farms and developing energy "islands", or connected offshore green power generation sites, according to a draft of their summit declaration seen by Reuters. The countries, which also include Germany, France and Norway, aim to develop a combined 120 GW of offshore wind capacity by 2030, the draft said.
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