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ReutersUK retail sales go into reverse this month, CBI survey shows
The Confederation of British Industry's monthly retail sales balance, which measures volumes compared with a year ago, fell to -24 in June from +8 in May. "Unseasonably cold weather in June may have played a role, but its notable that internet retail sales fell sharply in our survey, too," said Alpesh Paleja, interim deputy chief economist at the CBI. The survey's gauge of expected sales next month showed a reading of -9, indicating a modest drop in sales volumes compared with a year ago, compared with -4 in last month's survey.
ReutersNo prospective euro members meet criteria to join, ECB says
None of the countries that have yet to join the euro meet all accession criteria and many have even diverged from the long-set rules of euro membership, the European Central Bank said on Wednesday in a report on prospective members. "Reflecting challenging economic conditions, limited progress has been made as regards compliance with the convergence criteria," the ECB said in a biennial progress report on Bulgaria, the Czech Republic, Hungary, Poland, Romania and Sweden. But the issues are far deeper than just meeting economic criteria, the ECB added.
ReutersAI dataset licensing companies form trade group
OkSeven content-licensing sellers of music, image, video and other datasets for use in training artificial intelligence systems have formed the sector's first trade group, they said on Wednesday. The Dataset Providers Alliance (DPA) will advocate for "ethical data sourcing" in the training of AI systems, including rights for people depicted in datasets and the protection of content owners' intellectual property rights, the companies said in a statement. Founding members include U.S. music dataset company Rightsify, image licensing service vAIsual, Japanese stock photo provider Pixta and Germany-based data marketplace Datarade.
