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Fed faces key week of decisions with membership, political independence in doubt
Reuters· 2025-09-14 10:06
Group 1 - The U.S. Federal Reserve is facing a significant challenge to its leadership as it holds its latest policy meeting [1] - There is an urgent effort to confirm President Donald Trump's nominee for an open seat on the Federal Reserve's Board of Governors [1]
Airbus, Thales, Leonardo could sign first deal this year on satellite tie-up, Airbus executive says
Reuters· 2025-09-14 09:10
Group 1 - European aerospace groups Leonardo, Thales, and Airbus are expected to sign an initial agreement to combine their satellite businesses as early as this year [1]
Citi's London office overhaul costs hit $1.5 billion
Reuters· 2025-09-14 08:09
Wall Street bank Citigroup's bill for refitting its tower in London has risen to $1.5 billion (1.1 billion pounds), the company told Reuters, highlighting the high costs of overhauling outdated workpl... ...
Rolling Stone, Billboard owner Penske sues Google over AI overviews
Reuters· 2025-09-14 02:51
Core Viewpoint - The owner of Rolling Stone, Billboard, and Variety has filed a lawsuit against Google, claiming that the technology company's AI-generated summaries utilize its journalism without permission and negatively impact traffic to its websites [1] Group 1 - The lawsuit alleges that Google's AI summaries are infringing on the rights of the journalism owned by the plaintiff [1] - The complaint highlights a reduction in website traffic as a consequence of Google's AI practices [1]
UK, US to sign multibillion-dollar tech deal during Trump's visit
Reuters· 2025-09-13 23:08
Group 1 - The United Kingdom and the U.S. are preparing to sign a landmark technology agreement [1] - This agreement is part of President Donald Trump's visit to the UK [1] - The announcement was made by the British Embassy in Washington [1]
UK Sainsbury's in talks to sell Argos to China's JD.com
Reuters· 2025-09-13 14:04
Group 1 - British supermarket group Sainsbury's is in discussions for a potential sale of its Argos general merchandise business [1] - The potential buyer is Chinese e-commerce giant JD.com [1]
BlackRock to invest $678 million in UK data centres during Trump visit, Sky News reports
Reuters· 2025-09-13 05:48
BlackRock plans to invest 500 million pounds ($678 million) in British data centre infrastructure through a new joint venture with Digital Gravity Partners, one of a string of deals to be announced ne... ...
OpenAI to share 8% of its revenue with commercial partners, The Information reports
Reuters· 2025-09-13 02:49
Core Insights - OpenAI is expected to reduce its revenue share with commercial partners, specifically Microsoft, from the current 20% to approximately 8% by the end of the decade [1] Company Summary - The current revenue sharing percentage with Microsoft stands at 20% [1] - The projected decrease to 8% indicates a significant reduction in revenue sharing over the next several years [1]
Paramount criticizes pledge by entertainers to boycott Israeli film institutions
Reuters· 2025-09-13 02:10
Core Viewpoint - Paramount condemned a pledge signed by over 4,000 actors, entertainers, and producers, including Hollywood stars, to not work with Israeli film institutions [1] Group 1 - The pledge reflects a significant movement within the entertainment industry regarding political and social issues [1] - Paramount's response indicates a potential divide in the industry regarding support for Israel [1] - The involvement of high-profile individuals in the pledge highlights the influence of celebrity opinions on industry practices [1]
UAW workers reach tentative deal with GE Aerospace at Ohio, Kentucky plants
Reuters· 2025-09-12 23:59
Core Points - Members of the United Auto Workers union at GE Aerospace's facilities in Evendale, Ohio, and Erlanger, Kentucky, have reached a tentative agreement with the company [1] Group 1 - The agreement was announced by the union on Friday [1]