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As Trump mulls sanctions, Russia's military economy slows
As Trump mulls sanctions, Russia's military economy slows
Economy
by  AFP

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.

As NATO ups defence spending, can Europe produce the weapons?
As NATO ups defence spending, can Europe produce the weapons?
Economy
by  AFP

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
Meta makes major investment in Scale AI, takes in CEO
Economy
by  AFP

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.