IBM warns AI spending shift is hitting core business
IBM has warned that a surge in spending on artificial intelligence infrastructure is weighing on its core business, in one of the clearest signs yet o...
French President Emmanuel Macron has warned that Europe should prepare for fresh friction with the U.S. and treat what he called the ‘Greenland moment’ as a signal to strengthen the European Union’s economic and political power.
In comments published on Tuesday, Macron said a recent easing of tensions with Washington should not be seen as lasting, arguing that disagreements over trade, technology and regulation are likely to continue.
He urged EU leaders to use an upcoming summit in Belgium to accelerate long-delayed reforms aimed at boosting competitiveness and improving the bloc’s ability to respond to pressure from both the U.S. and China.
Macron said the current U.S. administration has taken positions he described as “openly anti-European,” and warned that new disputes could emerge over Europe’s digital regulation, including the enforcement of rules targeting major technology companies.
“The U.S. will, in the coming months attack us over digital regulation,” he said.
The French leader also cautioned that Europe faces a dual economic challenge, citing strong competition from China alongside unpredictable policy moves from Washington.
He renewed his call for deeper financial integration within the EU, including expanded joint borrowing to support large-scale investment and strengthen Europe’s global influence. Macron argued that common European debt could provide investors with an alternative as confidence in the U.S. dollar shows signs of fluctuation.
EU countries previously issued joint debt to support recovery after the COVID-19 pandemic but proposals to make such tools permanent have faced resistance from several northern member states.
Discussions at the upcoming summit are also expected to include plans for a ‘Made in Europe’ strategy that would prioritise European-produced goods. The proposal has divided EU governments and raised concerns among some industries.
Macron said Europe must pursue what he called “protection, which is not protectionism,” arguing that strengthening domestic capacity is essential if the bloc is to remain competitive on the global stage.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
President Ilham Aliyev is holding his annual question-and-answer session with international journalists at the 4th Shusha Global Media Forum in Azerbaijan.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13th of July, covering the latest developments you need to know.
The 4th Shusha Global Media Forum gets underway on 13 July in Azerbaijan under the theme "The Mission of the Media in Promoting Peace: Restoring Truth and Rebuilding Trust". The event brings together nearly 160 media leaders, experts and officials from 53 countries.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The United States has announced a campaign to weaken the International Criminal Court (ICC), describing the tribunal as a threat to American sovereignty and signalling that further sanctions, visa restrictions and diplomatic pressure on allies could follow.
The United Kingdom, the European Union, Spain and Gibraltar have formally signed a treaty establishing new arrangements for movement and border procedures between Gibraltar and Spain.
Around 500 soldiers from countries supporting Ukraine marched down Paris's Champs-Élysées during France's annual Bastille Day parade. France said the procession, which also included 25 Ukrainian soldiers, demonstrated that Europe was ready to respond to growing international threats.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Tuesday that its Navy had struck U.S. military barracks, a satellite communications centre and a Patriot missile battery in Bahrain, while its Aerospace Force targeted an airbase in Jordan.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment