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German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

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FRANKFURT (Reuters) – German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands. Germany’s two largest banks announced that nearly six weeks of high-level negotiations about a Read More

YouTube’s ‘conspiracy filter’ tags Notre Dame fire videos with 9/11 info

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YouTube’s “conspiracy filter” algorithm accidentally tagged livestreams of the Notre Dame Cathedral fire with an “info box” displaying a blurb about the 9/11 attacks, proving its AI isn’t very intelligent after all. France24 and other agencies running livestreams of the blaze found YouTube had placed the offending conspiracy disclaimer below their videos, featuring a brief Read More

U.S. EPA revives provision that may name refiners applying for biofuel waivers

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WASHINGTON (Reuters) – The U.S. Environmental Protection Agency on Friday took the first step to revive part of a rule that could, if finalized, reveal the names of oil refineries which applied for exemptions from the nation’s biofuel laws. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA Read More

U.N. ups Zimbabwe aid appeal after cyclone

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FILE PHOTO: Survivors of cyclone Idai arrive at Coppa business centre to receive aid in Chipinge, Zimbabwe, March 26, 2019. REUTERS/Philimon Bulawayo/File Photo HARARE (Reuters) – The United Nations asked donors on Friday for an extra $60 million to help Zimbabwe recover from a cyclone that tore through eastern regions last month. The storm flooded Read More

U.S. authority sent Nordea and SEB information requests: Bloomberg

4 weeks ago DieselGasoil Comments Off on U.S. authority sent Nordea and SEB information requests: Bloomberg
FILE PHOTO: The Nordea Bank AB logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo STOCKHOLM (Reuters) – New York’s financial regulator has sent letters to Nordic banks Nordea and SEB asking for detailed information about their dealings with Danske Bank, Bloomberg reported, citing Read More

U.S., China hold ‘constructive’ trade talks in Beijing

4 weeks ago DieselGasoil Comments Off on U.S., China hold ‘constructive’ trade talks in Beijing
BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin held “constructive” talks in Beijing, he said on Friday, concluding the latest round of dialogue aimed at resolving the bitter trade dispute between the world’s two largest economies. China’s Vice Premier Liu He (C) talks with US Treasury Secretary Steven Mnuchin (R) and US Trade Representative Robert Read More

UK urged to suspend arms sales to Saudi over Yemen war

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By Deborah Haynes, foreign affairs editor The leaders of Britain’s five main opposition parties have demanded the UK government halts arms sales to Saudi Arabia for use in the war in Yemen, stops all British military operations in the kingdom and condemns Riyadh’s conduct in the conflict. The message was due to be delivered to Read More

‘Angelic’ terrorist? Tabloid treatment of Christchurch shooter slammed on social media

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A number of tabloid newspapers have been criticized for their coverage of Christchurch attacker Brenton Tarrant, which has been described as sympathetic and hypocritical. The outlets have been called out for fueling Islamophobia. : ‘Absolutely his intention’: Christchurch gunman planned further attacks, had other firearms Daily Mirror The UK Daily Mirror was slammed over its Read More

Trump's EPA unveils plan to pump up ethanol as Big Oil cries foul

1 month ago DieselGasoil Comments Off on Trump's EPA unveils plan to pump up ethanol as Big Oil cries foul
(Reuters) – The U.S. Environmental Protection Agency on Tuesday released its proposed rule lifting a summer ban on higher-ethanol blends of gasoline to help farmers, putting the agency on a collision course with Big Oil which has called the move illegal. U.S. Environmental Protection Agency Administrator Andrew Wheeler speaks at a media briefing at CERAWeek Read More

Nvidia outbids Intel to buy Israel's Mellanox in data center push

1 month ago DieselGasoil Comments Off on Nvidia outbids Intel to buy Israel's Mellanox in data center push
(Reuters) – U.S. chipmaker Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the firm boost its data center and supercomputer business. FILE PHOTO – The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Read More