Tag: fast
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Vietnam inflation accelerates in May, trade deficit widens to record high
HANOI, June 3 : Vietnam’s inflation rate accelerated in May and its trade deficit widened from April to a record high, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent in April,…
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Meta loses challenge against EU gatekeeper label for Messenger
BRUSSELS, June 3 : Meta Platforms lost its fight on Wednesday against the EU’s labelling of its Messenger app as a powerful ‘gatekeeper’, which places obligations on tech companies with significant influence.Europe’s second-highest court upheld the European Commission’s finding that Messenger is an important
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Leclerc can celebrate Ferrari extension by ending Antonelli’s winning run
June 3 : Monaco’s local hero Charles Leclerc will hope to celebrate his new Ferrari deal on home territory this weekend by ending the Italian team’s long winless wait and denying Mercedes teenager Kimi Antonelli a fifth successive victory.The first race of the European season, after long-haul trips to Asia an
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Indonesia arrests former head of President Prabowo’s flagship free meal scheme
The scheme was linked to cases of food poisoning that have reportedly affected at least 33,000 children as of April.
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Qualifier Chwalinska reaches French Open semi-finals
PARIS, June 3 : Polish qualifier Maja Chwalinska continued her dream run at the French Open on Wednesday, reaching the semi-finals with a 7-6(3) 6-3 victory over Russia’s Anna Kalinskaya on a windswept Court Philippe Chatrier.The 24-year-old absorbed the power of the 22nd seed superbly, repeatedly forcing K
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EU Parliament to switch to French search engine from Google in tech sovereignty push
BRUSSELS, June 3 : The European Parliament will switch to French search engine Qwant from Google, it said on Wednesday, underscoring Europe’s push to reduce its reliance on U.S. technology in favour of local alternatives.The European Commission will later on Wednesday announce measures on chips, cloud computi
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Market research firm AlphaSense nearly doubles valuation to $7.5 billion in new funding round
June 3 : Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its previous funding round.The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, with new investors including D. E. Shaw
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EU targets Big Tech dependence with ‘made-in-Europe’ drive
BRUSSELS, June 3 : The European Commission proposed new laws on Wednesday to boost domestic cloud, AI and semiconductor industries, aiming to cut reliance on U.S. Big Tech in a move that could ratchet up transatlantic tensions.The Cloud and AI Development Act and Chips Act 2.0 form part of Europe’s push for t
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EU plans energy standards for data centres amid concerns over soaring power use
BRUSSELS, June 3 : The European Union will develop minimum energy-efficiency standards for data centres, it said on Wednesday, as concerns grow over their rapidly rising power use.EU data centre capacity is expected to more than double in the coming years, reaching 28 gigawatts by 2030 from 12 GW last year. T
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Trump names inexperienced ally as intelligence director
WASHINGTON: President Donald Trump appointed a loyalist with no national security experience as head of US intelligence on Tuesday (Jun 2) – and said he would also retain his existing jobs overseeing federal housing and mortgage policies.Federal Housing Finance Agency chief Bill Pulte – wh
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