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One killed, 12 injured in Afghan air force helicopter crash May 15, 2024 05:05AM

By Mohammad Yunus Yawar

KABUL (Reuters) - A helicopter used by the Afghan air force crashed as it attempted an emergency landing in central Afghanistan on Wednesday, killing one person and injuring 12, the defence ministry said.

The Mi17 aircraft encountered "technical issues" as it attempted to recover the bodies of people who had fallen into a river in the central Ghor province, Afghanistan's Taliban-run Ministry of National Defence... (continue reading...)


Euro zone economy, employment expands by 0.3% in first quarter May 15, 2024 05:04AM

FRANKFURT (Reuters) - The euro zone economy grew by 0.3% in the first quarter of the year, suggesting a slow recovery is now underway after six straight quarters of stagnant or negative growth, Eurostat said on Wednesday, confirming a preliminary estimate.

In the previous quarter, however, growth was confirmed at minus 0.1%, indicating that the bloc was in recession, as many economists had long predicted.

The economy shrank by 0.1% in... (continue reading...)


US senators unveil AI policy roadmap, seek government funding boost May 15, 2024 05:04AM

By David Shepardson

WASHINGTON (Reuters) - A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards.

Generative AI - which can create text, photos and videos in response to open-ended prompts - has spurred excitement as well as fears that it could make some jobs obsolete, upend elections and... (continue reading...)


Chinese EV maker Aiways to go public in US via deal with Hudson Acquisition SPAC May 15, 2024 04:57AM

By Nick Carey

LONDON (Reuters) - Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquistion Corp in a deal that should value the company around $400 million, the two companies said.

The deal is a lifeline for Aiways, which halted production at its Shangrao plant last summer as a fierce EV price war in China squeezed automakers' margins. The company is among a group of... (continue reading...)


Siemens to sell drive division to KPS for $3 billion, Handelsblatt reports May 15, 2024 04:54AM

BERLIN/ZURICH (Reuters) -Germany's Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion), business daily Handelsblatt reported on Wednesday, citing financial sources.

Siemens will announce the deal on Thursday along with its financial results, said Handelsblatt.

Siemens declined to comment on the report.

KPS primarily invests in industrial... (continue reading...)


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