Tag: fast
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French domestic spy agency ditches Palantir for local rival, PM says
PARIS, June 16 : The French domestic intelligence agency DGSI has decided to terminate its contract with the U.S. tech firm Palantir in favour of a French rival, ChapsVision, Prime Minister Sebastien Lecornu said on Tuesday.The move reflects growing wariness by European governments about dependency on U.S. te
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South Korea’s Hanwha to raise KAI stake above 12% by end-2026, cites global space race
SEOUL, June 16 : South Korean defence-to-aerospace group Hanwha said on Tuesday it plans to raise its combined stake in Korea Aerospace Industries (KAI) to more than 12 per cent by the end of 2026, citing the need for closer ties as global competition in the space industry intensifies. Hanwha said the rise of
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Dollar drifts, no respite for yen after BOJ hikes rates as expected
LONDON, June 16 : The dollar held near 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as expected, in an effort to tame inflationary risks from the conflict.U.S. Pres
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SoftBank launches cybersecurity product based on OpenAI models
TOKYO, June 16 : Japan’s SoftBank Group has launched a cybersecurity product designed to counter breaches enabled by artificial intelligence, the company said on Tuesday.The “Patching as a Service” product will be rolled out in Japan through a joint venture established last November between SoftBank’s domes
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Gazans displaced by war watch World Cup from the ruins
GAZA/CAIRO, June 16 : Fadi Al-Arawi, a footballer in the Gaza Strip Premier League, hasn’t been able to take the pitch since pro sports were suspended with the outbreak of war more than two years ago. Like most Gazans, he no longer even has a home where he can watch the World Cup on TV.As…
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Stablecoins gain in Nigeria for cross-border transfers, IMF says
LAGOS, June 16 : Nigerians are increasingly turning to U.S. dollar-pegged digital tokens, or stablecoins, to move money across borders, as households and small businesses seek cheaper and faster alternatives to traditional channels, the IMF said on Tuesday. The Fund said what began as a niche crypto use ha
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REUTERS NEXT-Vodafone CEO urges Europe to allow mobile phone groups to scale to drive investment
LONDON, June 16 : The chief executive of Vodafone urged European governments to speed up regulatory changes to allow mobile phone groups to develop the scale to drive the investment needed to keep up with the United States and Asia. “I think speed is always the challenge, and the faster the better,” Margheri
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France to invest €655 million in AI, set up common chatbot for all state services
PARIS, June 16 : French Prime Minister Sebastien Lecornu said on Tuesday the government will invest €655 million ($758.29 million) in artificial intelligence and will set up a common chatbot for all the state services.• The French government will create a public health chatbot for state-owned health insur
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SpaceX set to surpass Amazon’s market cap as post-IPO rally continues
June 16 : Shares of Elon Musk’s SpaceX rose more than 10 per cent in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world’s fifth‑largest company, as it extended a post-IPO rally.The stock, which surged more than 19 per cent on Monday, was la
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Hanwha to raise stake in Korea Aerospace Industries to 12% by end-2026
(Corrects headline to Hanwha, not Hanwha Aerospace)SEOUL, June 16 : South Korean defence firm Hanwha Aerospace said on Tuesday it will buy 500 billion won ($331.41 million) worth of shares in Korea Aerospace Industries (KAI). This was in addition to Hanwha Aerospace deciding to acquire 499.9 billion w
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