Author: Daniel snow

Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico, on April 4, 2025.Henry Romero | ReutersAuto giant Stellantis on Wednesday appointed North American boss Antonio Filosa as its new chief executive, ending a months-long campaign to fill the firm’s leadership void.The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, said it would hold an extraordinary shareholder meeting in the coming days for Filosa to be elected to the board to serve as an executive director of the firm.Stellantis…

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UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Giuseppe Cacace | Afp | Getty ImagesDUBAI, United Arab Emirates — Deep in the oil-rich deserts of the Middle East, the United Arab Emirates is on a mission to establish supremacy in the field of artificial intelligence.Seven thousand miles across the planet, the United States, led by President Donald Trump, wants American firms to dominate the global AI race.While their goals may be separated by continents, their ambitions are strikingly aligned.The U.S.…

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Getty Images’ logo seen displayed on a smartphone with an AI chip and symbol in the background.Budrul Chukrut | Sopa Images | Lightrocket via Getty ImagesLONDON — Getty Images is spending millions of dollars to take on a “world of rhetoric” through its Stability AI suit, the photo licensing company’s boss Craig Peters says.Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text-to-image model Stable Diffusion — and other AI labs are stealing copyright-protected material to train their AI models for commercial gain.These firms, he said, are taking copyrighted material to…

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A logo on the exterior of a Vodafone Group Plc store in London, UK, on Monday, May 13, 2024.Bloomberg | Bloomberg | Getty ImagesThis report is from the first-ever edition of CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. Along with a deep dive into these top stories, the newsletter highlights key developments in the U.K. and essential events that are set to make waves. Like what you see? You can subscribe here.The dispatchLong-term followers of Vodafone could have been forgiven…

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Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesIn its bid to have a lawsuit against Elon Musk, the Department of Government Efficiency and President Donald Trump dismissed, the White House had “unsuccessfully” tried to define Musk’s role in the federal government as temporary, a district court judge in Washington, D.C., said in an order out Tuesday.A group of 14 states, led by New Mexico, had sued Musk,…

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