ZURICH, July 13 (Reuters) - Siemens and SAP CEOs have urged the European Union to revise its artificial intelligence legislation, saying the current rules stifle innovation. SAP CEO Christian Klein and Siemens CEO Roland Busch told the Frankfurter Allgemeine Zeitung that a new regulatory framework is needed to support rather than hinder technological advancement. The EU's AI Act, which became...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

July 14 (Reuters) - Australia's Abacus Storage King ( ABSKF ) said on Monday it received a sweetened non-binding offer from a consortium of Ki Corporation and U.S.-listed Public Storage ( PSA ), valuing the firm at A$2.17 billion ($1.43 billion), up from a prior offer of A$1.93 billion. ($1 = 1.5223 Australian dollars) ...

BRUSSELS, July 13 (Reuters) - European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting. The sources said all the elements of the package had been agreed, although one member...