Reuters

HANOI (Reuters) - Vietnam's electric vehicle maker VinFast is being sued in a California court for not having paid rent for a store, according to a complaint filed by real estate services firm SPG Center LLC, which VinFast said was inaccurate.

SPG Center said VinFast had rented the premises in a shopping centre in Palo Alto from the end of March 2023, but had stopped paying since May 2023 through last month, with the total amount due of nearly... (continue reading...)

SEOUL (Reuters) - Global leaders and officials taking part in an AI summit being hosted by South Korea and Britain are expected to strike new agreements focused on how to practically regulate the rapidly evolving technology, government and industry sources said.

The artificial intelligence (AI) summit in Seoul this week aims to build on a broad agreement at the first conference held in the United Kingdom six months ago and to better address a wider... (continue reading...)

DUBAI (Reuters) - The United Arab Emirates and the United States are strategic partners and there will be more joint investments in artificial intelligence between them, the UAE's state minister for AI Omar Sultan Al Olama told Reuters on Tuesday.

The minister, when asked about small modular nuclear reactors (SMRs) as part of the energy mix to power data centers, said the UAE has spoken about them with relevant parties but has no concrete plans at the... (continue reading...)

By Foo Yun Chee and Tassilo Hummel

BRUSSELS (Reuters) -Europe's landmark rules on artificial intelligence will enter into force next month after EU countries endorsed on Tuesday a political deal reached in December, setting a potential global benchmark on guardrails for a technology used in almost every facet of life and business.

The AI Act is more comprehensive than the United States' light-touch voluntary compliance approach while China's... (continue reading...)

LONDON (Reuters) - Britain's once towering inflation rate looks set to fall close to the Bank of England's 2% target on Wednesday, but it may be other figures in the data that influence the BoE's decision on when to cut interest rates for the first time since 2020.

Much of the drop in headline consumer price inflation - from a peak of 11.1% a year and a half ago - is due to falling energy prices which are beyond the BoE's control.

Its... (continue reading...)