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EU watchdog flags risk of abrupt market correction
2+ day, 17+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...
OpenAI pushes for mandatory national AI safety requirements
3+ day, 6+ hour ago (147+ words) Sept 9 (Reuters) - OpenAI said Wednesday it is pushing for mandatory national AI safety requirements, adding that until the U.S. Congress acts, the ChatGPT maker will continue supporting state AI legislation. "Today, we are announcing our support... Sept 9 (Reuters) â…...
Crypto, banks take lobbying war to US senators’ home states ahead of key vote
3+ day, 20+ hour ago (649+ words) Sept 9 (Reuters) – A fight over major cryptocurrency legislation has spilled into the congressional summer recess, with the crypto industry and the banking sector mounting a final lobbying blitz in senators’ home states ahead of a vote on the bill next…...
France drops plans for mandatory plastic bottle deposit
5+ day, 19+ hour ago (137+ words) PARIS, Sept 7 (Reuters) – France dropped plans to make deposits on plastic bottles mandatory, instead proposing towns and cities set up voluntary schemes. • No mandatory deposit system will be put in place, the French environment ministry said in a statement released…...
Standard Chartered launches institutional spot crypto trading in UAE
1+ week, 2+ day ago (195+ words) Sept 3 (Reuters) – Standard Chartered said on Thursday it had launched cryptocurrency spot trading in bitcoin and ether for institutional clients in the United Arab Emirates, becoming the first global systemically important bank to offer the service in the Gulf country....
ByteDance gets $30 billion loan, Bloomberg News reports
1+ week, 3+ day ago (108+ words) Sept 3 (Reuters) - Bytedance has secured a $29.6 billion loan, Bloomberg News reported on Thursday, citing people familiar with the matter. The Chinese tech giant was originally seeking a $20 billion facility, but increased the size after g... ByteDance gets $30 billion loan, Bloomberg…...
AI-driven cyber risk is top concern for global financial stability, watchdog says
1+ week, 6+ day ago (306+ words) LONDON, Aug 31 (Reuters) – Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system, saying the technology could change the speed, scale and economics…...
Spain plans new, stricter data centres rules, sources say
2+ week, 4+ day ago (359+ words) MADRID, Aug 25 (Reuters) – The Spanish government plans to introduce stricter water, energy and cybersecurity rules for data centres after a deluge of projects in the country, government sources say. The new requirements are included in a draft decree that will…...
Xpeng forecast disappoints as China EV competition heats up
2+ week, 5+ day ago (264+ words) Aug 24 (Reuters) – Chinese EV maker Xpeng forecast third-quarter revenue below Wall Street expectations on Monday, hurt by intensifying competition in the domestic auto market. The company’s U.S.-listed shares fell 3.1% in premarket trading, on course to widen this year’s…...
Bitcoin, crypto shares climb after Trump pushes Clarity Act
3+ week, 2+ day ago (321+ words) By Pritam Biswas and Arasu Kannagi Basil Aug 20 (Reuters) – Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for the digital asset sector, following a White…...