Global debt hits record of over $324 trillion, says IIF
Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of over $324 trillion, data from a banking trade group showed on Tuesday.
France and the United Arab Emirates reached an agreement on Thursday (February 6) for a framework.
France and the United Arab Emirates reached an agreement on Thursday (February 6) for a framework to build a 1-gigawatt data centre focused on artificial intelligence, with investments ranging from $30-$50 billion, according to the French presidency.
French President Emmanuel Macron welcomed UAE President Sheikh Mohamed bin Zayed al-Nahyan in Paris right before the global summit on AI that will take place next week. The February 10-11 summit will gather around 100 countries all around the world to discuss the potential and future of AI.
Earlier on Thursday, the French government revealed that it had identified 35 sites to host AI data centres. The UAE’s investment in the French AI centre will be the largest in Europe, according to the presidency. The new campus will house Europe’s biggest AI data centre, dedicated to supporting the energy needs and data storage required by AI technology.
The event also aims to establish France and Europe as key players in the AI field, seeking to compete with the U.S. and China, which are the current leaders of the field.
The project is part of a broader AI partnership between the two nations, marking the centre’s significance as the core of a new AI campus. As global experts meet in Paris to discuss AI’s potential and risks, the event underscores France and Europe’s intent to stay competitive in the rapidly evolving field.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Each year, Italians gather in Monte di Nese to commemorate a little-known World War II tragedy—the massacre of Azerbaijani soldiers who resisted fascist forces in 1945 and paid with their lives for choosing freedom.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
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