SGS ends talks over potential $30 billion merger with Bureau Veritas
ZURICH (Reuters) -Swiss testing and inspection group SGS (SIX:SGSN) has ended talks over a potential $30 billion merger with French rival Bureau Veritas after the two sides failed to reach agreement over the deal, it said on Monday. “SGS and…
Johnson Matthey to boost cash efficiency, cut spend in hydrogen technologies
(Reuters) – British autocatalyst maker Johnson Matthey (LON:JMAT) said on Monday it has implemented plans to significantly increase its cash efficiency and cut its capital expenditure in hydrogen technologies business following pressure from its top investor. Standard Investments, the largest…
Ryanair beats profit forecast on improving fares, trims traffic outlook
By Conor Humphries DUBLIN (Reuters) -Ryanair, Europe’s largest low-cost carrier, posted an after-tax profit for the three-month period ended Dec. 31 that beat analysts’ forecasts on Monday, but revised down its passenger outlook on delays in Boeing (NYSE:BA) aircraft delivery….
China’s DeepSeek sets off AI market rout
SINGAPORE (Reuters) -Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors’ faith in the profitability of AI and the sector’s voracious demand for high-tech chips. Nasdaq…
Adani, Ambani news units sue OpenAI over copyright, Reuters reports
Investing.com — A group of Indian digital news publishers, including those owned by billionaires Gautam Adani and Mukesh Ambani, have initiated a legal challenge against OpenAI, Reuters reported on Monday, citing legal papers. They allege that the AI company has…
Rivian says other automakers ‘knocking on door’ about tech from VW joint venture
By Abhirup Roy PALO ALTO, California (Reuters) -A joint venture between U.S. electric pickup and SUV maker Rivian (NASDAQ:RIVN) and Volkswagen (ETR:VOWG_p) is in talks with other automakers about supplying their software and electrical architecture, a senior Rivian executive said…