News
ECB payment system suffers second outage in a week
4+ hour, 45+ min ago (195+ words) FRANKFURT, July 6 (Reuters) " The European Central Bank's payment system on Monday suffered a second, short outage "in the space of a week "due to a glitch caused by a software update. The T2 system, which handles trillions of euros of daily…...
Microsoft joins AI-driven tech layoff wave with 4, 800 job cuts
3+ hour, 50+ min ago (552+ words) July 6 (Reuters) " Microsoft is cutting about 2. 1% of its workforce, or roughly 4, 800 jobs, as the Windows maker restructures parts of its commercial and Xbox businesses, joining other tech titans in a wave of layoffs as they shift investments towards AI infrastructure....
Indian IT firms face muted Q1 as AI shift, weak demand weigh
8+ hour ago (447+ words) By Haripriya Suresh and Bharath Rajeswaran BENGALURU, July 6 (Reuters) " India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, "nine brokerages said....
Malaysian lawmakers to hold hearing on Lynas-U. S. rare earths deal
11+ hour, 26+ min ago (275+ words) KUALA LUMPUR, July 6 (Reuters) " A Malaysian parliamentary committee will hold a hearing on July 16 to discuss a $96 million rare earths supply deal "signed between Australia's Lynas Rare Earths and "the U. S. Department of Defense earlier this year, a senior lawmaker said…...
UN's Guterres warns AI outpacing oversight, urges global rules to protect children
10+ hour, 41+ min ago (477+ words) GENEVA, July 6 (Reuters) " U. N. Secretary-General Antonio Guterres on Monday warned that artificial intelligence is developing faster than anyone can keep up, calling for globally harmonised rules to reduce potential risks " especially to children. "A technology that can reshape economies, transform the…...
From shampoo to cookies, consumer products get an AI makeover
11+ hour, 45+ min ago (411+ words) VIENNA, July 6 (Reuters) " French cosmetics company L'Oreal has used AI to identify molecules in its skincare products that can be repurposed for use in shampoo and can now create products four times faster "than before, a senior executive told Reuters....
UK budget airline easy Jet ready to accept $7. 3 billion takeover bid from Castlelake
1+ day, 1+ hour ago (492+ words) July 5 (Reuters) " British budget airline easy Jet has agreed in principle to a sweetened takeover bid from U. S. investment firm Castlelake that values the carrier at up to "5. 5 billion ($7. 34 billion), it said on Sunday, a potential shakeup for Europe's aviation sector....
A Minute With: Christopher Nolan on telling the epic "Odyssey" story on the big screen
1+ day, 7+ hour ago (400+ words) NEW YORK, July 5 (Reuters) " Filmmaker Christopher Nolan follows up his Oscar-winning blockbuster "Oppenheimer" with "The Odyssey," an adaptation of Homer's epic ancient Greek poem. The Universal Pictures movie starring Matt Damon as the heroic king Odysseus will debut in cinemas…...
For one small business, AI was key to a quick start and expansion
2+ day, 7+ hour ago (890+ words) WASHINGTON, July 4 (Reuters) " Here Now Health isn't an AI-based company, but its quick path from an idea in founder Michelle Turner's mind to an operating mental health platform for foster children relied deeply on the technology now restructuring the U. S. economy....
Alibaba to ban employees from using Anthropic's coding tool, source says
3+ day, 6+ hour ago (442+ words) BEIJING, July 3 (Reuters) " Chinese tech giant Alibaba has banned employees from using Anthropic's Claude Code at work after the tool drew scrutiny for features that can help identify China-linked users, according to a person "familiar with the order. The ban…...