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Canadian investment group buys French club Saint-Etienne
Canadian investment group Kilmer Sports Ventures (KSV) have acquired former French footballing giants Saint-Etienne on Monday a day after the club returned to Ligue 1. KSV is part of Kilmer Group, a Toronto-based firm specialising in private equity, real estate, sports and media.
France's controversial CNews becomes top news channel
CNews, regularly accused of fostering far-right views, became France's number one news channel for the first time last month, according to figures published on Monday. Often described as France's answer to Fox News due to its opinionated and divisive presenters, CNews reflects a rightwards shift in French politics, often airing views against immigration, Islamism and "woke" leftists.
Microsoft to invest $3.2 bn in AI in Sweden
Microsoft said Monday that it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure in Sweden, its biggest investment in the country.
Turkish inflation exceeds 75% but peak in sight
Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan. Turkey has been battling soaring consumer prices that prompted Erdogan to drop his opposition to interest-rate hikes to combat inflation.
Homeowners and housebuilders pin hopes on ECB rates cut
In the west Frankfurt suburbs on a plot wedged between a motorway and a wooded park, excavators are preparing the ground for 400 new apartments.
AMD unveils new AI chips to challenge Nvidia
AMD on Monday announced its new artificial intelligence chips for everything from cutting-edge data centres to advanced laptops, ramping up its challenge to the runaway market leader Nvidia. She also announced that AMD will follow an annual update cycle for its advanced accelerators, and the latest -- the Instinct MI325X -- is planned for release later this year.
Airlines eye 'new frontier' of AI ahead of global summit
Airlines may not be replacing pilots with artificial intelligence anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business. AI is "undoubtedly a new frontier, in that it's an extraordinary acceleration of technology and capabilities," said Geoffrey Weston, the head consultant on the airline industry at US-based firm Bain & Company.
In shakeup, Washington Post executive editor steps down
The executive editor of the Washington Post, Sally Buzbee, has abruptly stepped down from the role, as the storied American newspaper undergoes a major restructuring, its chief executive said late Sunday.
ECB to start rate cuts but sticky inflation clouds path ahead
The European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle. The central bank will also release its own updated forecasts for growth and inflation on Thursday, which will feed into rate-setters' debate about their next move.
AFP
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