LONDON: Britain’s labor market showed signs of weakening ahead of this month’s increase in a tax on employers, data released Tuesday showed. However, strong wage growth persisted, complicating the Bank of England’s efforts to curb inflation. Financial markets indicate a 90% chance of a quarter-point interest rate cut when policymakers meet in early May, followed by…
All posts tagged EU
EU embarks on a €200 billion InvestAI initiative to boost ai development
The European Union on Tuesday announced a sweeping €200 billion ($206 billion) initiative, dubbed InvestAI, aimed at accelerating investment in artificial intelligence (AI) and positioning Europe as a global leader in the development of advanced AI technologies. The initiative includes a new €20 billion European fund to support the creation of AI “gigafactories,” specialized facilities equipped…
EU clears Microsoft’s $69 billion Activision Blizzard deal with conditions
Microsoft has won approval from European Union regulators for its $69 billion acquisition of gaming giant Activision Blizzard, after offering concessions to address competition concerns in the cloud gaming market. The European Commission, the EU’s executive arm, said on Monday that Microsoft agreed to let users stream Activision games they buy on any cloud gaming…
CO2 GRO announces first commercial feasibility in EU
PARIS: Toronto based CO2 GRO Inc. announced its first commercial feasibility in the EU with France based Plant Advanced Technologies PAT. It is also the first partnership with its UK based Marketing Partner Rika Biotech that is exclusively representing CO2 Delivery Solutions in the UK, the Netherlands and Belgium greenhouse markets. The commercial feasibility is…
Sanofi and GSK in to supply EU with 300m COVID-19 vaccines doses
LONDON: Sanofi and GSK are in advanced discussions with the European Commission (EC) for the supply of up to 300 million doses of a COVID-19 vaccine. The vaccine candidate developed by Sanofi in partnership with GSK, is based on the recombinant protein-based technology used by Sanofi to produce an influenza vaccine, and GSK’s established adjuvant…
SpectrumOne applies for trademark protection in the EU
OSLO, NORWAY: SpectrumOne AB has today applied for trademark protection in the EU. The company has several ongoing dialogues with partners operating at European level. Hosni Teque-Omeirat, CEO of SpectrumOne saud, “This is an important step in showing our partners in existing dialogues our ambition and drive to drive our cooperation internationally. In our partner…