Author: Press Room

A drone video released by Ukraine appears to show Russian soldiers using Ukrainian prisoners of war as human shields.The video, obtained by Radio Free Europe/Radio Liberty, appears to show a group of Russian soldiers holding assault rifles and walking toward Ukrainian positions while leading unarmed POWs at gunpoint and taking cover behind them.The video shows the individuals with their hands raised in the air. It was shot in the Zaporizhzhia region of Ukraine, near the village of Robotyne, per the news outlet. A timer in the top-left of the video says it took place on November 29, between 3:09 p.m.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Corvex has become the latest US activist hedge fund to disclose a significant stake in Ladbrokes owner Entain, saying a more radical overhaul was needed to turn around the group’s “unacceptable” performance. The intervention by Corvex comes a day after Entain’s former chief executive Jette Nygaard-Andersen resigned having come under fire for the FTSE 100 group’s slumping share price this year and a series of botched acquisitions.Its 4.4 per cent stake makes Corvex, which is run by Keith Meister, a former lieutenant…

© Reuters. The White House stands decorated in Washington, U.S., December 6, 2023. REUTERS/Julia Nikhinson/File Photo (Reuters) -U.S. President Joe Biden will announce on Thursday that 48 new drugs may be subject to rebates, the White House said, a move that would reduce out-of-pocket costs for Medicare recipients by as much as$2,786 per average dose. Biden’s signature Inflation Reduction Act (IRA) includes a provision to penalize drugmakers for charging prices that rise faster than inflation for people on Medicare, the government program for those age 65 and older and the disabled. For the last quarter of 2023, prices of 48…

© Reuters. FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo By David French (Reuters) – Six U.S. oil and gas bankers who missed out on a wave of mega deals in the oil patch after leaving mergers and acquisitions powerhouse Citigroup last year to join smaller firm Guggenheim Securities are now decamping to Moelis (NYSE:) & Co, according to people familiar with the matter. The merry-go-round underscores the restlessness of dealmakers who try to get hired on big, high-prestige deals while working for firms that…

Arkema (OTCPK:ARKAY) announces the planned acquisition of Irish manufacturer Arc Building Products, a firm specializing in tile adhesives, floor preparation systems, construction chemicals and waterproofing and bonding solutions, for an undisclosed sum. Arc Building delivers around €15 million annual sales, with a production facility in Arklow, Ireland. With the move, Arkema will strengthen its position in Ireland’s growing construction adhesives market with a broader range of solutions and a local manufacturing footprint. Bostik, the Arkema subsidiary that will integrate this company, will also make major investments at the Arc Building Products site in Arklow, with a view to increasing local…

FIRST ON FOX: Hunter Biden previously claimed he didn’t “stand to gain anything” from his role on the board of Ukrainian energy firm Burisma despite it leading to him making millions of dollars.He made the claim in a May 15, 2014 email recovered from his infamous abandoned laptop, which revealed he was considering writing an op-ed to push back on what he perceived were misleading reports about his then-new role on the Burisma board. However, emails from weeks earlier and the millions of dollars he would later make contradict his claim.”So you think it makes sense for me to write…

Some users say ChatGPT is getting lazy.One theory claims the bot is slowing down because it’s wrapping up for a winter break.The theory received some support from a developer but was disputed by another researcher. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app ChatGPT is getting lazy.Users have been complaining about the bot slowing down at such a rate that OpenAI is investigating the issue.”We’ve heard all your feedback about GPT4 getting lazier!” the official ChatGPT account said last week. “We haven’t updated the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EU judges have stood by a court ruling that overturned a European Commission order to Amazon to pay back €250mn in taxes to Luxembourg, in a further blow to efforts from Brussels to crack down on favourable tax deals.The ruling on Thursday from the European Court of Justice is final and cannot be appealed. The decision, which ends a case that has been running since 2017, confirms that given by the General Court, the bloc’s second highest, in May 2021 that said the…

© Reuters. Investing.com — The Federal Reserve leaves interest rates unchanged following its final two-day policy meeting of 2023. However, officials hinted that they may start to roll out cuts next year, fueling a sharp rally in stocks and bonds. Attention now turns to central banks in Europe, where traders will be curious to see how much policymakers in the region push back against hopes that they will take a dovish position similar to the Fed. 1. Fed keeps rates steady and signals 2024 rate cuts The Federal Reserve has at a more than two-decade high, but indicated that it would…

© Reuters. Adobe Systems reports Q4 beat, but shares plunge 6% on weak outlook (Updated – December 14, 2023 5:58 AM EST) Adobe Systems (NASDAQ:) shares dropped more than 6% pre-market Thursday after the company reported FQ4 results and offered guidance. Q4 EPS came in at $4.27, compared to the consensus estimate of $4.13. Revenue grew 12% year-over-year (up 13% year-over-year in constant currency) to $5.05 billion, compared to the consensus estimate of $5.01B. Digital Media segment revenue grew 13% year-over-year to $3.72B. Within this segment, Creative revenue climbed to $3.00B, representing a 12% year-over-year growth. Document Cloud generated $721…