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Alphabet Faces EU Antitrust Fine Over Search Self-Preference Practices

Alphabet Faces EU Antitrust Fine Over Search Self-Preference Practices

Alphabet Faces EU Antitrust Fine Over Search Self-Preference Practices
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ANZ Predicts Copper Prices to Surpass $11,000 per Metric Ton in 2026 Amid Supply Constraints

ANZ Predicts Copper Prices to Surpass $11,000 per Metric Ton in 2026 Amid Supply Constraints

ANZ Predicts Copper Prices to Surpass $11,000 per Metric Ton in 2026 Amid Supply Constraints
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China's Jiutian Drone Swarm-Launching UAV Completes Maiden Flight

China's Jiutian Drone Swarm-Launching UAV Completes Maiden Flight

China's Jiutian SS-UAV, a multirole unmanned aerial vehicle designed to launch drone swarms, has completed its first flight. Developed by the Aviation Industry Corporation of China (AVIC), the UAV was showcased at Airshow China 2024 and is capable of carrying 6 tonnes of weapons or cargo. The Jiutian, with a maximum take-off weight of 16 tonnes, was tested in Shaanxi province. It features advanced capabilities, including a top speed of 385 knots and a range of 7,000 km. The UAV's development reflects China's growing focus on drone technology and its potential military applications.
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President Trump Signs Executive Order to Limit State-Level AI Regulations, Impacting Tech Industry

President Trump Signs Executive Order to Limit State-Level AI Regulations, Impacting Tech Industry

President Trump has signed an executive order aimed at limiting state-level regulations on artificial intelligence (AI). This move is seen as a victory for tech industry leaders who have been advocating for a unified federal standard to avoid a patchwork of state laws that could hinder AI development. The order directs the U.S. Attorney General to establish an 'AI Litigation Task Force' to challenge state laws that conflict with federal policy. Additionally, the Secretary of Commerce is tasked with evaluating existing state AI laws and identifying those that are considered onerous. The order also allows executive departments to assess grant programs to ensure states do not enact conflicting AI laws. This decision follows unsuccessful attempts to pass similar legislation in Congress, highlighting ongoing challenges in establishing a national AI regulatory framework.
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Kremlin Official Confirms Russian Forces to Remain in Donbas Post-Peace Settlement

Kremlin Official Confirms Russian Forces to Remain in Donbas Post-Peace Settlement

A senior Kremlin official has announced that Russian police and the National Guard will continue to operate in Ukraine's Donbas region even after a potential peace settlement is reached. This statement comes amid ongoing U.S.-led negotiations aimed at ending the nearly four-year conflict. The official, Yuri Ushakov, indicated that while military troops might withdraw, law enforcement and security forces would remain to maintain order. This development is likely to be contentious, as Ukraine has consistently rejected any peace terms that involve ceding territory. The conflict, which began with Russia's annexation of Crimea in 2014 and escalated with the 2022 invasion, has seen Russia capture significant portions of Ukrainian territory.
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MHRA Issues New Guidelines for AI-Powered Digital Mental Health Technologies

MHRA Issues New Guidelines for AI-Powered Digital Mental Health Technologies

The U.K.'s Medicines and Healthcare products Regulatory Agency (MHRA) has released new guidelines for digital mental health technologies (DMHTs), focusing on AI-powered tools. This guidance aims to clarify when these technologies qualify as medical devices based on their intended purpose and functional impact. The initiative is part of a broader effort to balance innovation with patient safety, as the global market for mental health devices is projected to grow significantly. The guidelines address the integration of AI and generative models in mental health applications, providing a framework for manufacturers to determine if their products meet medical device regulations. This development is crucial for manufacturers aiming to enter or remain in the U.K. market, as it aligns with international regulatory efforts.
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EU Implements Emergency Clause to Immobilize Russian Assets Indefinitely

EU Implements Emergency Clause to Immobilize Russian Assets Indefinitely

The European Union has decided to indefinitely immobilize €210 billion in assets belonging to the Russian Central Bank. This decision, made under Article 122 of the EU treaties, allows the EU to bypass the European Parliament and requires only a qualified majority from member states. The immobilization is part of a broader strategy to support Ukraine through a reparations loan, amidst ongoing negotiations and a forthcoming summit. The assets, primarily held at Euroclear in Brussels, are intended to remain frozen until Russia ceases actions that pose substantial risks to the European economy and pays reparations to Ukraine. This move is seen as a response to potential U.S. interest in using these funds in a future settlement with Moscow.
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ECB may lift growth outlook again, Lagarde says

ECB may lift growth outlook again, Lagarde says

FRANKFURT, Dec 10 (Reuters) - The euro zone economy is proving resilient to trade tensions and the bloc is growing close to its potential, which could prompt the European Central Bank to lift growth projections next week, ECB President Christine Lagarde said on Wednesday.
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Temu's Dublin office raided by EU regulators on Chinese subsidy concerns

Temu's Dublin office raided by EU regulators on Chinese subsidy concerns

BRUSSELS, Dec 10 (Reuters) - Temu's European headquarters in Dublin were raided by EU regulators last week on concerns about potential Chinese state subsidies granted to the online retailer, a subsidiary of China's ecommerce giant PDD Holdings, a person familiar with the matter said on Wednesday.
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Canada's top envoy to the US will resign before review of free trade agreement

Canada's top envoy to the US will resign before review of free trade agreement

Canada’s ambassador to the U.S. for the last six years says she’s resigning next year as the two major trading partners review the free trade agreement
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Electrolyzers Market Poised for $42.4 Billion Growth as Core Net-Zero Technology

Electrolyzers Market Poised for $42.4 Billion Growth as Core Net-Zero Technology

Electrolyzers Market Poised for $42.4 Billion Growth as Core Net-Zero Technology
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Zelenskyy Engages in Urgent Talks with 30 Nations Amid President Trump's Peace Deal Push

Zelenskyy Engages in Urgent Talks with 30 Nations Amid President Trump's Peace Deal Push

Ukrainian President Volodymyr Zelenskyy is set to engage in urgent discussions with leaders from approximately 30 countries to secure favorable terms for ending the ongoing conflict with Russia. This meeting, involving key European leaders from Germany, Britain, and France, is part of a broader effort to navigate the peace negotiations influenced by U.S. President Donald Trump's demands for a swift resolution. President Trump has been actively pushing for a peace plan that would involve Ukraine ceding territory to Russia, a proposal that has met with resistance from Kyiv. The urgency of these talks is underscored by Ukraine's recent large-scale drone attack on Russian territories, which led to significant disruptions in Russian airspace.