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19848 articles published since 08 Mar 2022

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French delicatessen Fauchon bought by Breton biscuit firm
French delicatessen Fauchon bought by Breton biscuit firm
Business and Economy

French gourmet food and delicatessen company Fauchon said Tuesday it has been bought out by Galapagos, a Brittany-based biscuit maker. "Eucelia Investments SA, investment company of the Ducros family, has chosen to sell the company to the Tacquard family at the head of the Breton group Galapagos," according to a statement that did not give a value for the deal.

New Caledonia unrest pushes nickel sector deeper into crisis
New Caledonia unrest pushes nickel sector deeper into crisis
Business and Economy

Weeks of unrest in New Caledonia have plunged the archipelago's nickel industry, already on government life support, closer to catastrophe, sector representatives say. And although France has lifted a state of emergency across the territory after two weeks of unrest in which seven people died and hundreds were injured, few expect a fast return to normality in the nickel industry.

OpenAI forms AI safety committee after key departures
OpenAI forms AI safety committee after key departures
Technology

OpenAI, the company behind ChatGPT, announced the formation of a new safety committee on Tuesday, weeks after the departures of key executives raised questions about the firm's commitment to mitigating the dangers of artificial intelligence. The committee's formation comes on the heels of recent executive departures that stoked concerns about OpenAI's AI safety priorities.

120 business leaders back UK's Labour in election
120 business leaders back UK's Labour in election
Business and Economy

The UK's Labour party won the backing on Tuesday of 120 business leaders, in a timely boost as it bids to oust the ruling Conservatives in the upcoming general election. Labour leader Keir Starmer and its finance spokesperson Rachel Reeves -- who is set to become finance minister if the party wins power -- have spent years wooing back business figures.

Shanghai lifts home-buying curbs to boost property sector
Shanghai lifts home-buying curbs to boost property sector
Business and Economy

Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy. This month, Beijing cut the minimum down payment rate for first-time homebuyers to its lowest level in history and suggested the government could buy up unused commercial real estate.

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