Reuters

By Elizabeth Howcroft

AMSTERDAM (Reuters) - The boom in artificial intelligence will increase banks' dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said.

Excitement around using artificial intelligence (AI) in financial services - widely used already for detecting fraud and money-laundering - has soared since the launch of OpenAI's viral chatbot ChatGPT in late 2022 as banks examine... (continue reading...)

KYIV (Reuters) - Ukrainian air force shot down all five missiles and 48 out of 53 drones over nine regions during Russia's overnight attack, Ukrainian military said on Friday.

The Russian forces attacked Kyiv region with drones and Kh-101/Kh-555 missiles, causing a fire at one of the industrial facilities, according to the governor. Emergency services worked to put out the fire on Friday morning with no casualties reported.

Kharkiv region... (continue reading...)

By Mike Dolan

LONDON (Reuters) - This week's milestone G7 interest rate cuts dispel any notion that hitting 2% inflation targets spot on is a precondition for central bank moves or indeed sensible - and may guide thinking on the Federal Reserve and Bank of England too.

The European Central Bank and the Bank of Canada, covering four of the G7 major economies, cut interest rates on Wednesday and Thursday in the first reversals of some two... (continue reading...)

BERLIN (Reuters) - Germany is looking into buying eight additional F-35 fighter jets made by U.S. defence giant Lockheed Martin, a military source told Reuters on Friday, on top of the 35 jets it has already ordered.

Berlin is currently checking the costs of such a purchase, the source said, with the stealthy aircraft seen as the most advanced fighter jet on the market.

In 2022, Germany decided to order 35 F-35 including missiles and... (continue reading...)

By Stefanno Sulaiman and Kate Lamb

JAKARTA (Reuters) - Indonesia's president is rushing to reassure investors and bureaucrats about his $32 billion new capital city in a malaria-prone pocket of Borneo, after the resignations of two officials overseeing the plan raised fresh doubts about its future.

President Joko Widodo's announcement that he will start working next month from an office in Nusantara, a giant construction site over 1,200km... (continue reading...)