(Reuters) – European and American carmakers are set to lose up to 17% of their combined annual core profits if the U.S. imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades. Premium automakers Volvo and Jaguar Land Rover, who mostly produce in Europe, and groups General Motors and Stellantis, who assemble high volumes of cars in Mexico and Canada, are most exposed to … Read more…

By Anmol Choubey and Brijesh Patel (Reuters) – Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh support from an expected delay to a planned OPEC+ output hike, a Reuters monthly poll showed on Friday. The survey of 41 economists and analysts predicted that Brent crude would average $74.53 per barrel in 2025, down from a forecast of $76.61 in October. That is the … Read more…

By Gianluca Lo Nostro (Reuters) – Orange has struck a multi-year partnership with OpenAI in Europe that will give the French telecoms operator access to pre-release AI models, group chief artificial intelligence officer Steve Jarrett said on Wednesday. WHY IT’S IMPORTANT Orange will become the first telecoms firm in Europe to have direct access to OpenAI’s models. KEY QUOTES “OpenAI’s models are the most popular. And so it made financial sense for us to have … Read more…

By Paul Sandle LONDON (Reuters) – British Prime Minister Keir Starmer on Wednesday opened London’s first Google-funded AI Campus which aims to help young people develop skills in the rapidly developing technology. The centre, based in Camden, an area which Starmer represents in parliament and which is also home to Google’s future offices in Kings Cross, has already started a two-year pilot project for local students. An first cohort of 32 people aged 16-18 will … Read more…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors in the world’s largest cryptocurrency are anticipating a significant downward move after bitcoin failed to hit an all-time peak of $100,000, according to a crypto trading platform citing recent options activity. Bitcoin hit a record high of $99,830 on Nov. 22, but it has since fallen more than 8% to a one-week low of 91,377.32 on Tuesday. The best-known cryptocurrency has soared 120% so far this year … Read more…