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On Europe's hardened frontier, Greek island keeps migrants at bay Jul 30, 2025 03:14AM

By Edward McAllister and Vania Turner

LONDON (Reuters) -Sailing in the June sunshine off the island of Lesbos, Greek fisherman Thanos Marmarinos remembers how he saved migrant women and children whose dinghy was breaking up in a gale one night ten years ago.

Initially, when he received the midnight call, he was reluctant to leave his bed. The winds were bitterly cold, and he had already been on one rescue mission that evening - thousands of... (continue reading...)


Google to sign EU's AI code of practice despite concerns Jul 30, 2025 03:13AM

By Foo Yun Chee

BRUSSELS (Reuters) -Alphabet's Google will sign the European Union's code of practice which aims to help companies comply with the bloc's landmark artificial intelligence rules, its global affairs president said in a blog post on Wednesday, though he voiced some concerns.

The voluntary code of practice, drawn up by 13 independent experts, aims to provide legal certainty to signatories on how to meet requirements under the... (continue reading...)


Man Group hits $193 billion record in assets under management, profit slips Jul 30, 2025 03:11AM

By Nell Mackenzie

LONDON (Reuters) -Hedge fund Man Group on Wednesday posted a 14% rise in assets under management to a record $193 billion in the six months to June 30, as new inflows helped offset a drop in pre-tax profit.

"During a particularly volatile first half of 2025, we delivered positive investment performance overall and achieved net inflows of $17.6 billion, 11.5% ahead of the industry," said Robyn Grew, chief executive officer... (continue reading...)


Spain's 12-month EU-harmonised inflation rises to 2.7% in July Jul 30, 2025 03:08AM

(Reuters) -Spain's European Union-harmonised 12-month inflation rate rose to 2.7% in July, from 2.3% in the period through June, preliminary data from the National Statistics Institute (INE) showed on Wednesday.

The 12-month EU-harmonised inflation was in line with expectations of analysts polled by Reuters.

Core inflation, which strips out volatile fresh food and energy prices, was 2.3% year-on-year in July, above 2.2% in June, the INE data... (continue reading...)


Panasonic's battery-making energy unit books 47% y/y growth in Q1 profit Jul 30, 2025 02:56AM

TOKYO (Reuters) -Panasonic on Wednesday said operating profit at its battery-making energy unit grew strongly in the first-quarter due to the AI investment boom, offsetting negative impact from U.S. tariffs and the termination of EV tax credits.

The profit for the key unit, which makes batteries for Tesla and other electric vehicle makers, posted a 47% year-on-year rise at 31.9 billion yen ($215.63 million).

"Concerns remain over further... (continue reading...)


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