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Spain economy minister urges fair, balanced EU-US tariff deal
Spanish Economy Minister Carlos Cuerpo said a tariff pact between the EU and Washington should be "fair and balanced," although both sides remain far from a deal as a July deadline approaches. US Commerce Secretary Howard Lutnick told CNBC this week that an EU deal will likely be among the last that Washington completes, even as he remained optimistic that both sides would reach this goal.
Startups show off ocean-preserving tech at Paris trade fair
Harnessing ocean currents to boost fuel efficiency of vessels, or tracking whales using sensor data and AI -- startups at Paris trade fair Vivatech have been showing off the latest innovations aimed at protecting the environment.
War, trade and Air India crash cast cloud over Paris Air Show
War, tariffs and the Air India crash will cast a shadow over the Paris Air Show as the aerospace industry's biggest annual gathering opens on Monday. Boeing chief executive Kelly Ortberg cancelled plans to attend the Paris Air Show to focus on the investigation into the crash.
Airlines halt many Middle East flights after Israel hits Iran
Global airlines on Friday cancelled flights to Tel Aviv, Tehran and other Middle East destinations, or rerouted planes, as airspaces shut following Israeli strikes on Iran. Emirates, the Middle East's largest airline, cancelled flights to and from Iraq, Jordan, Lebanon and Iran after Israel launched the strikes.
As Trump mulls sanctions, Russia's military economy slows
After three years of doom-defying growth, Russia's heavily militarised economy is slowing, facing a widening budget deficit and weak oil prices, all under the threat of more Western sanctions. It now expects a budget deficit of 1.7 percent of GDP -- three times higher than initially predicted.
Anthropic says looking to power European tech with hiring push
American AI giant Anthropic aims to boost the European tech ecosystem as it expands on the continent, product chief Mike Krieger told AFP Thursday at the Vivatech trade fair in Paris.
'We're done with Teams': German state hits uninstall on Microsoft
At a time of growing concern over the power of the world's mighty tech companies, one German state is turning its back on US giant Microsoft. He explained that the state wants to rely on publicly owned German digital infrastructure rather than that of an American company.
As NATO ups defence spending, can Europe produce the weapons?
NATO leaders meeting in The Hague this month look set to agree to a major increase in military budgets under pressure from US President Donald Trump. The demands on NATO's European members are huge: new hardware targets agreed this month will require the biggest armament spree in decades.
Meta makes major investment in Scale AI, takes in CEO
Scale AI announced a "significant" new investment by Meta late Thursday that values the startup at more than $29 billion and puts its founder to work for the tech titan. Scale AI founder and chief executive Alexandr Wang will join Meta to work on the tech giant's own artificial intelligence efforts as part of the deal, according to the startup.
AFP
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