International

Russian lender Sberbank (SBER.MM) said on Monday it had released technology called GigaChat as a rival to ChatGPT, initially in an invite-only testing mode, joining the artificial intelligence chatbot ...

After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. ...

Switzerland’s UBS said on Monday it will retain Christian Bluhm as chief risk officer for the “foreseeable future” as it bolsters controls during the takeover of Credit Suisse. Chief ...

Europe’s offshore renewable energy industry is not big enough to deliver governments’ goals to rapidly expand green power, and requires a jump in policy support and funding to get ...

OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained ...

Oil prices fell more than 1 per cent on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of ...

Credit Suisse (CSGN.S) said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first quarter, adding that outflows were continuing even in the wake ...

After months of hosting displaced survivors of Turkey’s massive earthquake in his Antalya hotels, Hakan Saatcioglu hopes his rooms will soon be filled with tourists again after the temporary ...

A request for seaplanes needed to fight forest fires is red-flagged because it could harm the environment. Companies seeking aid after being hammered by COVID are asked to show proof ...

By Pierre Jaillet Inflation has been elevated in 2021-22 in Europe and elsewhere, driven by higher energy and food prices, from exogenous influences, but also driven by mark ups on ...

Procter & Gamble Co’s (PG.N) customers, particularly in the United States, continued to show little resistance to repeated price hikes helping the Tide detergent maker boost its sales ...

Major British corporate names NatWest, John Lewis and Virgin Media O2 quit the Confederation of British Industry on Friday as a fresh media report about rape allegations deepened a crisis ...

Nestle and private equity firm PAI Partners have agreed to set up a joint venture for Nestle’s frozen pizza business in Europe, the Swiss company said on Friday, adding ...

German wind power developer SL Naturenergie has been looking for a senior project developer for two years now without success. The company, in the west German town of Gladbeck, needs ...

Generative AI, such as OpenAI’s ChatGPT, needs to be regulated, but governing bodies must figure out how to do so properly before rushing into prohibitions that “really aren’t ...

The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion) through 2030 to develop advanced battery technologies, including solid-state batteries, the industry ministry said on ...

British retail sales fell by a greater-than-expected 0.9 per cent in March from February, official figures showed on Friday, with bad weather and high inflation combining to keep consumers away from ...

IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet ...

Oil prices eased for the third straight day on Friday and looked set for a hefty weekly loss as softening US economic data and a rise in US gasoline inventories ...

British consumers were their most upbeat in more than a year this month, despite the surging cost of living, as they took a more positive view of their finances and ...

Europe’s flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a Gucci facility in Milan as part of an investigation spanning several ...

A digital euro will offer choice in making payments and is not a “Big Brother” project that seeks to control people, the European Union’s financial services commissioner Mairead McGuinness ...

The European Parliament on Thursday overwhelmingly backed the European Union’s first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and 38 against to approve the world’...

Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the US last month, creating a risk their business will become concentrated ...