Europe

23 Jan European Central Bank staff slam Lagarde’s leadership in union survey

Posted at 13:08h in Europe

Christine Lagarde, president of the European Central Bank (ECB).Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank President Christine Lagarde received a harsh assessment in a union-run employee survey, with some staff accusing her of fostering a negative atmosphere and focusing on her own career.Many respondents...

23 Jan What leaders at OpenAI, DeepMind, Cohere have to say about AGI

Posted at 09:53h in Europe

Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Bloomberg | Bloomberg | Getty ImagesExecutives at some of the world's leading artificial intelligence labs are expecting a form of AI on a par with...

22 Jan China poses growing threat to U.S. auto industry

Posted at 16:50h in Europe

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesDETROIT — Chinese automakers pose a growing threat to their American counterparts — even...

22 Jan A town in Croatia is selling houses for 13 cents—but there’s a catch

Posted at 15:50h in Europe

Forget a penny for your thoughts; what about 13 cents for a house in Croatia?Legrad, a town in northern Croatia, has been trying to get more people to settle in the area by offering houses for pennies. It's an initiative they started in 2018.The small...

22 Jan Saudi Arabia sports push embraces snooker, with a golden ball

Posted at 13:58h in Europe

Ronnie O'Sullivan poses with the trophy after winning against Judd Trump on day 7 of the 2024 Spreadex World Grand Prix at Morningside Arena on January 21, 2024 in Leicester, England.Tai Chengzhe | Visual China Group | Getty ImagesSaudi Arabia will hold its first major...

22 Jan Exxon Mobil sues activist investors to stop shareholder proposals

Posted at 12:42h in Europe

ExxonMobil CEO Darren Woods speaks at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023.Andrew Caballero-reynolds | Afp | Getty ImagesExxon Mobil filed a lawsuit against U.S. and Dutch activist investors in a bid to stop them from submitting...

19 Jan Germany the ‘tired man’ of Europe, finance minister admits

Posted at 18:24h in Europe

BERLIN, GERMANY - NOVEMBER 15: German Finance Minister Christian Lindner gives a statement to the media at the Chancellery following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. The topic was a ruling by the German Constitutional Court declaring that the...

19 Jan Stellantis CEO says automaker won’t sell EVs at a loss

Posted at 17:03h in Europe

Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.David Dee Delgado | ReutersStellantis won't sell electrified vehicles such as hybrids and all-electric models at a loss like other automakers have,...

19 Jan Saudi Arabia goes big in Davos as it looks to become a top AI tech hub

Posted at 16:20h in Europe

A pop-up showcasing Saudi Arabia's Neom development features among the most prominent on the Davos promenade in 2024.CNBCDAVOS, Switzerland — For years, the United Arab Emirates has been the Middle East's go-to tech hub, thanks partly to its lack of personal income tax, flexible visa...

19 Jan Davos leaders see a new normal in 2024

Posted at 14:59h in Europe

President of the European Central Bank (ECB) Christine Lagarde attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on January 19, 2024. Fabrice Coffrini | Afp | Getty ImagesEuropean Central Bank President Christine Lagarde said she does not...