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Huawei weighs French factory's future in tough European market, say sources

Huawei weighs French factory's future in tough European market, say sources

By Elizabeth Pineau and Mathieu Rosemain PARIS, Dec 10 (Reuters) - Huawei is considering the future of a recently completed plant in eastern France, three people familiar with the matter said, amid the slow roll-out of 5G in Europe and a hardening stance by some governments on using Chinese
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EU Chamber Reports Shift from Talk to Action in Supply Chain Diversification from China

EU Chamber Reports Shift from Talk to Action in Supply Chain Diversification from China

The European Union Chamber of Commerce in China has indicated that efforts to diversify supply chains away from China are moving from discussion to implementation. Jens Eskelund, the chamber's president, highlighted the increasing scrutiny on dependencies, particularly in light of China's record $1 trillion trade surplus through November, despite U.S. tariffs. The chamber's report suggests that China's share of global container shipments has risen, driven by a weak currency and domestic overproduction. The report urges businesses to eliminate single-source dependencies and calls on EU policymakers to accelerate plans to address critical dependencies.
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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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Trump's 'gold card' program goes live, offering US visas starting at $1 million per person

Trump's 'gold card' program goes live, offering US visas starting at $1 million per person

President Donald Trump has announced the long-awaited launch of a "gold card" program offering legal status and a pathway to U.S. citizenship
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China's $1 Trillion Trade Surplus Highlights Global Economic Dependencies

China's $1 Trillion Trade Surplus Highlights Global Economic Dependencies

China has achieved a record $1 trillion trade surplus, underscoring its manufacturing dominance but also revealing a significant dependency on global demand. This surplus is driven by China's strength in sectors like electric vehicles and robotics, a weak yuan, and low domestic demand. President Xi Jinping's strategy aims to make China a key player in global supply chains while reducing vulnerability to Western trade shocks. However, this approach has not significantly boosted domestic consumption, leaving China reliant on exporting low-cost goods. The surplus has sparked concerns about overcapacity and its impact on global markets, with countries like France and Germany pushing back against Chinese manufacturing dominance.
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Zelenskyy Utilizes Innovative Communication During European Diplomatic Tour Amid War Negotiations

Zelenskyy Utilizes Innovative Communication During European Diplomatic Tour Amid War Negotiations

Ukrainian President Volodymyr Zelenskyy has embarked on a 36-hour diplomatic tour across Europe, utilizing unconventional communication methods to convey his message. During flights between London and Brussels, Zelenskyy answered questions from reporters via audio clips on WhatsApp, emphasizing Ukraine's refusal to surrender land to Russia. This approach marks a departure from traditional press conferences, reflecting the urgency and complexity of ongoing negotiations. Zelenskyy met with leaders from the UK, Germany, France, NATO, and the EU, discussing the potential cession of Russian-occupied territories in exchange for security guarantees. The talks are complicated by uncertainties regarding the U.S. administration's commitment to European security.
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Intel and Tata Electronics Collaborate to Boost India's Semiconductor Manufacturing

Intel and Tata Electronics Collaborate to Boost India's Semiconductor Manufacturing

Intel, a leading American chipmaker, has announced a collaboration with Mumbai-based Tata Electronics to manufacture chips locally in India. This partnership is part of a broader trend of increasing investments in India's AI and semiconductor sectors. Recently, tech giants Amazon and Microsoft pledged over $50 billion in combined investments in India, focusing on building infrastructure and capabilities for an AI-driven future. Despite these developments, India faces challenges in establishing a sovereign AI model, as it lags behind countries like France and Saudi Arabia in terms of investment and infrastructure. The Indian government has launched an AI mission to support local startups and researchers, but the initiative is still in its early stages.
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CRML and Romania Form Joint Venture to Strengthen European Rare Earth Supply Chain

CRML and Romania Form Joint Venture to Strengthen European Rare Earth Supply Chain

Critical Metals (CRML) has entered into a joint venture with Romania's state-owned entity to establish a fully integrated rare earth supply chain in Europe. This partnership aims to create a mine-to-processing operation to secure rare earth materials for European manufacturing and national security sectors. The initiative challenges China's dominance in global rare earth processing, as China currently controls a significant portion of the market. The joint venture will focus on producing aerospace and military-grade magnets, enhancing stability for European industries.
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Mature markets push global debt to record near $346 trillion, says IIF

Mature markets push global debt to record near $346 trillion, says IIF

By Rodrigo Campos NEW YORK, Dec 9 (Reuters) - Developed markets led a borrowing push that lifted global debt to near $346 trillion at the end of the third quarter, while a pending ruling on the legality of U.S. tariffs could force even more U.S. issuance, a banking trade group said.
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Nine EU nations urge extreme caution on 'Buy European' policies

Nine EU nations urge extreme caution on 'Buy European' policies

By Philip Blenkinsop BRUSSELS, Dec 8 (Reuters) - Nine EU member states urged the bloc on Monday to be extremely cautious over supporting its industry with "Buy European" plans, citing concerns over their potential impact on prices, supply chains and competition.
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Factbox-From Australia to Europe, countries move to curb children's social media access

Factbox-From Australia to Europe, countries move to curb children's social media access

SYDNEY, Dec 9 (Reuters) - Australia on Wednesday will become the world's first country to ban social media for children under 16, blocking them from platforms including TikTok, Alphabet's YouTube and Meta's Instagram and Facebook.
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The new fighting between Thailand and Cambodia is rooted in old enmity

The new fighting between Thailand and Cambodia is rooted in old enmity

Thailand and Cambodia have resumed fighting over disputed territory, just months after agreeing to a ceasefire