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Dutch court gives Meta more time to change timeline settings
Reuters· 2025-10-28 17:03
Core Points - A Dutch court has mandated Meta Platforms to simplify the process for Facebook and Instagram users to opt out of algorithmically curated timelines by the end of the year [1] Group 1 - The court ruling emphasizes the need for user-friendly options regarding algorithmic content curation on Meta's platforms [1] - This decision reflects growing regulatory scrutiny over social media companies and their content management practices [1] - Meta is required to comply with the ruling, which may impact user engagement and advertising strategies [1]
GlobalFoundries to expand German facility with 1.1 billion euro investment
Reuters· 2025-10-28 16:59
Core Insights - U.S. chipmaker GlobalFoundries announced an investment of 1.1 billion euros ($1.28 billion) to enhance manufacturing capabilities at its German facility, aiming to increase production [1] Company Summary - GlobalFoundries is focusing on expanding its manufacturing capabilities in Germany through a significant investment [1] - The investment reflects the company's strategy to boost production capacity in response to growing demand in the semiconductor industry [1] Industry Context - The semiconductor industry is experiencing increased demand, prompting companies like GlobalFoundries to invest heavily in manufacturing capabilities [1] - Expanding production facilities is crucial for companies to remain competitive in the rapidly evolving tech landscape [1]
JPMorgan shuffles executives to lead its $1.5 trillion initiative
Reuters· 2025-10-28 16:55
JPMorgan Chase has named long-time executive Jay Horine to oversee its $1.5 trillion investment fund focused on companies critical to U.S. national security, according to a memo seen by Reuters. ...
NextEra has ordered major items for Duane Arnold nuclear restart, CEO says
Reuters· 2025-10-28 16:44
Core Viewpoint - NextEra Energy is taking significant steps towards the restart of its Duane Arnold nuclear power plant in Iowa by ordering major equipment, including a power generator and cooling towers [1] Group 1 - NextEra Energy has placed orders for essential equipment necessary for the Duane Arnold nuclear power plant's restart [1] - The ordered items include a power generator and cooling towers, indicating a commitment to revitalize the facility [1] - CEO John Ketchum confirmed these developments in a statement to Reuters, highlighting the company's strategic focus on nuclear energy [1]
Hornless rhino roamed Canadian High Arctic 23 million years ago
Reuters· 2025-10-28 16:25
About 23 million years ago, a species of rhinoceros - similar in size to the modern Indian rhino but lacking a horn - made its home in the challenging environment of the Canadian High Arctic, which at the time was warmer than it is now but still experienced snow and months of wintertime darkness. ...
Meatpacker JBS hit with US lawsuit over climate target
Reuters· 2025-10-28 16:09
Brazil's JBS has been accused of making false climate claims in a U.S. lawsuit filed by advocacy group Mighty Earth, a fresh legal challenge for the world's biggest meatpacker ahead of global climate ... ...
Gerresheimer appoints Uwe Röhrhoff as new interim CEO
Reuters· 2025-10-28 15:27
Core Viewpoint - Medical equipment maker Gerresheimer has appointed Uwe Röhrhoff as interim CEO, effective November 1, 2025, succeeding Dietmar Siemssen who will step down by mutual agreement [1] Company Summary - Uwe Röhrhoff will take over as interim CEO of Gerresheimer starting November 1, 2025 [1] - Dietmar Siemssen is stepping down as CEO by mutual agreement [1]
Sweden's Saab receives $46 mln US Army order for radars
Reuters· 2025-10-28 15:09
Core Insights - Saab, a Swedish defense equipment manufacturer, has secured an order for its Giraffe 1X radars valued at approximately $46 million from the U.S. Army [1] Company Summary - The order for Giraffe 1X radars signifies Saab's ongoing relationship with the U.S. Army and highlights the company's capabilities in defense technology [1]
US FDA sends warning letter to Philips over three device production facilities
Reuters· 2025-10-28 15:01
Core Points - The U.S. Food and Drug Administration (FDA) has issued a warning letter to Philips due to inspections revealing non-compliance with required manufacturing standards at three of its medical device facilities [1] Summary by Category Regulatory Actions - The FDA's warning letter indicates serious concerns regarding Philips' adherence to manufacturing standards, which could impact the company's operations and reputation in the medical device industry [1] Company Impact - Philips may face increased scrutiny and potential penalties as a result of the FDA's findings, which could affect its market position and investor confidence [1]
BNP Paribas CEO says EU likely to delay trading book capital rules
Reuters· 2025-10-28 14:55
Core Viewpoint - The European Union is expected to delay the implementation of new capital requirements for banks' trading operations by approximately three years, as stated by BNP Paribas Chief Executive Jean-Laurent Bonnafe [1] Group 1 - The postponement of capital requirements is significant for the banking sector, as it allows banks more time to adjust their trading operations and capital structures [1] - BNP Paribas' CEO provided this insight during a discussion with analysts, indicating the potential impact on the bank's strategic planning [1]