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Google, Shopee-owner Sea to develop AI tools for e-commerce, gaming
Reuters· 2026-02-19 07:36
Core Insights - Google and Sea Ltd have formed a strategic partnership to develop AI tools for e-commerce and gaming, specifically focusing on creating an AI agentic shopping prototype for Sea's Shopee platform [1] - This collaboration is part of a broader trend among global tech firms to monetize AI capabilities beyond basic functions, aiming to enhance various tasks including shopping and workflow management [1] - Shopee holds a dominant position in Southeast Asia's e-commerce market with a 52% market share in 2024, indicating significant competitive strength [1] E-commerce Developments - The partnership will explore the development of AI tools specifically for Shopee, enhancing the shopping experience through advanced AI capabilities [1] - Competitor Alibaba has also introduced a new AI model aimed at the e-commerce sector, highlighting the competitive landscape in Southeast Asia [1] Gaming Sector Innovations - Google and Sea's gaming unit, Garena, will leverage AI solutions to improve productivity in game development, indicating a focus on innovation within the gaming industry [1] - This collaboration follows a previous partnership between Shopee and YouTube, emphasizing the ongoing integration of technology and e-commerce [1]
Spain's Repsol adopts new reporting model as partnerships grow
Reuters· 2026-02-19 07:01
Core Viewpoint - Repsol's fourth-quarter results introduced a new reporting model aimed at better representing the significance of minority shareholders and joint ventures [1] Group 1 - The new reporting model reflects the company's strategy to enhance transparency and align with the interests of minority shareholders [1] - This change is part of Repsol's broader efforts to adapt to evolving market conditions and stakeholder expectations [1]
Airbus backs split solution for faltering FCAS fighter programme
Reuters· 2026-02-19 06:58
Group 1 - Airbus supports a "two-fighter solution" for the FCAS fighter program if requested by governments [1] - The comments were made by Airbus CEO Guillaume Faury during a results presentation [1] - The support comes amid a dispute between Airbus and French partner Dassault Aviation over leadership of the core warplane component [1]
Poland's Orlen misses profit expectations in Q4, as low gas and oil prices weigh
Reuters· 2026-02-19 06:53
Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Energy group Orlen's refining gains offset impairment hit, lifting shares February 19, 20266:53 AM UTCUpdated ago By Reuters Poland's largest refiner Orlen (PKN.WA) logo is displayed at their petrol station in Bialystok, Poland, October 2, 2023. REUTERS/Kacper Pempel/File Photo Purchase Licensing Rights, opens new tab GDANSK, Poland, Feb 19 (Reuters) - Polish energy group Orlen (PKN.WA), opens ...
Hotel group Accor narrowly beats profit expectations in 2025
Reuters· 2026-02-19 06:35
Core Insights - French hotel group Accor reported annual core profit slightly above market expectations, driven by hotel portfolio diversification and loyalty program expansion [1] - The company's EBITDA for 2025 was 1.20 billion euros ($1.41 billion), an increase from 1.12 billion euros in 2024, surpassing the analyst consensus of 1.19 billion euros [1] - Accor's CEO highlighted the integration of artificial intelligence into their digital strategy as a key factor for accelerating development and efficiency [1] Financial Performance - EBITDA for 2025 reached 1.20 billion euros, up from 1.12 billion euros in 2024 [1] - Revenue per available room (RevPAR) increased by 4.2% to 76 euros in 2025 [1] Strategic Initiatives - Accor launched an AI-powered, ChatGPT-based direct booking tool in February to reduce reliance on online travel agencies and lower distribution costs [1] - The company confirmed its mid-term guidance and plans to continue its share buyback program, with 450 million euros allocated for repurchases in 2026 [1]
Nestle to sell ice cream businesses as new CEO slims down group
Reuters· 2026-02-19 06:10
Nestle is in talks to sell its remaining ice cream businesses as part of CEO Philipp Navratil's drive to streamline the sprawling Swiss consumer food group, the company said at its fourth-quarter resu... ...
Renault forecasts 2026 margin drop as price pressure dents profit
Reuters· 2026-02-19 06:09
Renault forecasts 2026 margin drop as price pressure dents profit | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 View of the new Renault Duster SUV for India during its presentation near Paris, France, January 8, 2026. REUTERS/Gilles Guillaume[1/2]View of the new Renault Duster SUV for India during its presentation near Paris, France, January 8, 2026. REUTERS/Gilles Guillaume [Purchase Licensing Rights, opens new tab]- ...
Explainer: Will Bayer's proposed $7.25 billion Roundup deal bring legal closure?
Reuters· 2026-02-19 06:04
Group 1 - Bayer's Monsanto unit proposed a $7.25 billion nationwide class settlement to resolve current and future lawsuits alleging that Roundup caused cancer, aiming to end years of litigation [1] - The settlement would provide payments over up to 21 years, funding a claims program for individuals alleging Roundup exposure caused non-Hodgkin lymphoma, with individual payments varying based on age, exposure, and severity of cancer [1] - The settlement is designed to cover the majority of the existing 65,000 claims Bayer faces and also compensate future claimants diagnosed with non-Hodgkin lymphoma [1] Group 2 - Bayer can terminate the settlement if insufficient plaintiffs support it, but the number of required opt-ins has not been disclosed, leaving uncertainty about court approval [1] - Some law firms representing Roundup plaintiffs support the settlement, but others are still reviewing it, with at least one firm signaling opposition [1] - The lengthy claims program aims to address future cancer claims, with the company required to provide annual notices to alert potential future claimants [1] Group 3 - Bayer has a case before the U.S. Supreme Court that could impact the litigation landscape, as the court will decide if Bayer can be sued under state law for failing to warn about cancer risks associated with Roundup [1] - A favorable ruling for Bayer could eliminate thousands of claims, but plaintiffs may still pursue other liability theories, making the settlement necessary [1] - The proposed deal does not guarantee closure, as it could fall apart without sufficient support or court approval, and claimants can opt out to pursue their claims independently [1]
Airbus softens output goal amid Pratt & Whitney engine delays
Reuters· 2026-02-19 05:10
Core Viewpoint - Airbus has adjusted its jet production targets downward due to significant engine supply shortages from Pratt & Whitney, impacting its production goals and financial guidance for the upcoming years [1]. Group 1: Production Targets - Airbus now aims for a narrowbody output rate of 70 to 75 jets per month by the end of next year, stabilizing at 75 per month beyond 2027, down from a previous target of 75 jets per month in 2027 [1]. - The company has been in discussions with Pratt & Whitney regarding engine supply volumes for 2026 and 2027, which are typically agreed upon 18 months in advance [1]. Group 2: Financial Performance - In the fourth quarter, Airbus reported an adjusted operating profit of €2.98 billion, reflecting a 17% increase, while revenue rose by 5% to €25.98 billion [1]. - Analysts had anticipated a profit of €2.87 billion on revenues of €26.51 billion, indicating that Airbus exceeded expectations [1]. - For 2026, Airbus forecasts 870 jet deliveries, an increase from 793 in the previous year, with an adjusted operating profit projected at around €7.5 billion [1].
Microsoft says it does not think US ICE uses firm's tech for mass surveillance of civilians
Reuters· 2026-02-19 04:19
Core Viewpoint - Microsoft asserts that it does not believe the U.S. Immigration and Customs Enforcement (ICE) is using its technology for mass surveillance of civilians, despite reports indicating increased reliance on Microsoft's cloud services for operational data storage and analysis [1]. Group 1: Microsoft’s Position - Microsoft provides cloud-based productivity and collaboration tools to ICE and the Department of Homeland Security (DHS) [1]. - The company emphasizes that its policies prohibit the use of its technology for mass surveillance and expresses the belief that ICE is not engaged in such activities [1]. - Microsoft calls for clear legal guidelines from U.S. Congress and the executive branch regarding the use of emerging technologies by law enforcement [1]. Group 2: ICE's Operations - Reports indicate that ICE has more than tripled the amount of data stored in Microsoft's Azure cloud platform in the six months leading up to January 2026, coinciding with an increase in the agency's budget and workforce [1]. - ICE utilizes various forms of technology, including Microsoft's productivity and AI-driven tools, to assist in criminal investigations and arrests [1]. - The agency has refrained from commenting on specific investigative techniques or technologies used in ongoing operations [1]. Group 3: Context and Reactions - The scrutiny of ICE's operations has intensified amid criticisms from human rights advocates regarding the agency's practices and the broader implications of its actions under the Trump administration [1]. - Microsoft has previously faced backlash over its technology's use by governments, including a situation involving the Israeli military, which led to internal protests [1].