Germany calls for stronger European unity amid global threats
German Chancellor Friedrich Merz said on Monday that the European Union must transform into a European defence union amid growing international securi...
Microsoft expects to invest about $30 billion in capital expenditures this quarter, part of an overall record of more than $80 billion planned for fiscal 2025, as its Artificial Intelligence (AI) powered cloud services continue to accelerate revenue and market value.
Microsoft’s surge in AI spending is paying off. In Q4, the company is projected to spend roughly $30 billion. It is a quarterly peak as it builds out AI infrastructure to support Azure, Microsoft 365 Copilot, GitHub, and other cloud services.
For fiscal 2025 overall, Microsoft remains on track to exceed $80 billion in capital expenditures, dedicated largely to data centres and high-performance servers that underpin its AI strategy.
The company’s AI-led growth strategy showed results in its Q4 earnings - Azure surpassed $75 billion in annual revenue, growing 34% year‑on‑year and helping drive total quarterly revenue to $76.4 billion, up 18% from a year earlier.
Microsoft shares climbed more than 7% following the earnings release, as investors welcomed earnings beats and strong forward guidance on cloud and AI momentum. The company is now nearing a $4 trillion market valuation.
Despite laying off around 15,000 employees this year, executives reaffirmed that cutting costs was “transformational” and necessary to align with rapid AI infrastructure scaling and efficiency goals
Ukraine is facing a sharp escalation in fighting across several fronts, with Russian forces launching large-scale offensive operations while Kyiv intensifies long-range strikes deep inside Russian territory.
Russia announced on Sunday that its forces had made significant advances in Ukraine’s southeastern Zaporizhzhia region, capturing two settlements as part of what it described as a broader offensive aimed at securing full control of the strategic territory.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
Russia announced on Sunday that its forces had made significant advances in Ukraine’s southeastern Zaporizhzhia region, capturing two settlements as part of a broader offensive aimed at seizing full control of the area.
The number of newly enrolled international students at U.S. colleges and universities fell by 17% this autumn, a report shows, with policies under the Trump administration cited as a key factor.
The number of first-time asylum applicants in the European Union fell by 27% in August 2025, Eurostat data shows. A total of 51,465 people applied for international protection for the first time, down from 70,290 in August 2024 and 55,390 in July 2025.
The U.S. Southern Command announced on Sunday that a military strike in the Eastern Pacific killed three individuals suspected of narcotics smuggling. The operation was carried out by the Joint Task Force Southern Spear under the direction of Secretary of Defence Pete Hegseth.
Ukrainian President Volodymyr Zelenskyy announced on Monday that his country will purchase 100 Dassault Rafale fighter jets from France. The deal forms part of a broader defence cooperation agreement signed with French President Emmanuel Macron.
The UK government has unveiled a new package of asylum reforms that will significantly tighten access to refugee status and expand enforced family removals. Under the new rules, successful asylum seekers will now have to wait 20 years—up from five—before applying for permanent residency.
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