06 Market

India, Morocco Ink Defence Pact; Agree On Expanding Cooperation In Maritime Security, Counter-Terrorism– www.ndtvprofit.com
Source Link
Excerpt:

“India’s ties with Morocco are growing remarkably over the years. We discussed ways to deepen collaboration in key areas, including counter-terrorism efforts, maritime security, cyber defence and capacity building,” Singh added.

The MoU provides for a robust institutional framework to the growing partnership and paves the way for collaboration in defence industry, joint exercises, military training and capacity building.

The defence ministry said the discussions between Singh and Loudiyi reflected the shared resolve to further strengthen the longstanding friendship between India and Morocco.

To give momentum to these initiatives, Singh announced the opening of a new defence wing at the Embassy of India in Rabat.

Five key takeaways as Donald Trump hosts UK Prime Minister Keir ...

Five key takeaways as Donald Trump hosts UK Prime Minister Keir ...

Memorandum of Understanding between the Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland regarding the Technology Prosperity Deal – GOV.UK
Source Link
Excerpt:

Between the Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland regarding the Technology Prosperity Deal

The Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland (hereinafter referred to as the “Participants”),

Expressing mutual interest in science and technology capabilities and standards to usher in the next Golden Age of Innovation to fortify freedom and prosperity for generations to come;

Affirming the common desire to enhance cooperation in science and technology matters that support initiatives of mutual interest that produce tangible benefits to their citizens;

Recognizing the complementarity of the work of the Participants and their track record of joint research and innovation partnerships, their status as most trusted security and defense partners, their pro-innovation legal and regulatory regimes, their deep-rooted expertise in disruptive technologies, and the benefits of closer strategic cooperation; and

Welcoming a longstanding partnership to deliver on their joint objectives to maintain and strengthen their strategic leadership in science and technology, leveraging shared values, complementary capabilities, and coordinated policy approaches to address global challenges.

Have reached the following understandings:

I. Purpose

The purpose of this Memorandum of Understanding (hereinafter “MOU”) is to enable collaboration towards joint opportunities of mutual interest in strategic science and technology disciplines, including artificial intelligence (AI), civil nuclear, fusion, and quantum technologies….

Google faces unprecedented order to hand over search data to rivals– www.techspot.com
Source Link
Excerpt:

A federal court ruling that forces Google to share parts of its closely guarded search data with rivals has set up a rare test of antitrust enforcement in the digital economy – and sparked serious concerns about the security of personal data. The key question is whether this redistribution will…

Macron Says Europe’s Russian Energy Imports Are ‘Marginal’ Issue– financialpost.com
Source Link
Excerpt:

(Bloomberg) — French President Emmanuel Macron called the European Union’s remaining energy imports from Russia “very marginal,” challenging Donald Trump’s calls for the bloc to reduce its dependence if it wants the US to step up pressure on Moscow to end the war in Ukraine.

Trump used ‘golden share’ to block U.S. Steel’s production halt plan: WSJ– japantoday.com
Source Link
Excerpt:

The U.S. government blocked United States Steel Corp’s plan to shut down production at a plant in the Midwest, resorting to its new authority over the company, which has been acquired by Nippon Steel Corp, The Wall Street Journal reported Friday.

As part of the $14.1 billion takeover deal of the iconic yet struggling American steelmaker by the Japanese company that was finalized in June, the U.S. government was granted a “golden share” that gives it veto power over key management decisions.

According to the newspaper, U.S. Steel notified workers in Granite City in the state of Illinois two weeks ago that plant operations would cease in November. Nippon Steel said it would continue to pay the mill’s nearly 800 employees despite the closure.

But U.S. Commerce Secretary Howard Lutnick reportedly called U.S. Steel CEO David Burritt and told him that the administration would not allow operations to cease, and President Donald Trump would invoke the “golden share” authority over plant operations.

U.S. Steel therefore reversed its plan and said that Granite City Works will continue rolling steel slabs into sheet steel, according to the WSJ.

U.S. Steel told Kyodo News that the company is “pleased to have found a solution to continue slab consumption at Granite City,” noting that its goal was to “maintain flexibility.”

An official of Nippon Steel declined to comment on the production halt plan and the involvement of the U.S. government.

“We are not in a feud with the U.S. administration,” the official said.

Apple steps up war of words with European regulators– www.bbc.com
Source Link
Excerpt:

“Bureaucrats in Brussels” are unfairly challenging Apple’s closed ecosystem and denying users the “magical, innovative experience” that makes the firm unique, Apple said.

“We have a serious threat to that in Europe,” executive Greg Joswiak said in advance of the recent launch of its newest products and features.

The so-called walled garden that combines Apple’s products and software ensures a safe and high quality experience for users, it says, but EU regulators counter that it unfairly shuts out rivals.

The two sides have had years of rows, culminating in a €500m (£430m; $586m) fine handed down in April by the EU, which accuses the tech giant of anti-competitive behaviour on its App Store.

As part of the Digital Markets Act (DMA), which came into force in 2022 and began to apply in 2024, the EU targets several major tech companies.

In Apple’s case, the DMA requires it in part to ensure that devices, such as headphones, made by other brands will work with iPhones.

UK, Canada and Australia formally recognise Palestine, backing two-state solution– www.arabianbusiness.com
Source Link
Excerpt:

The UK, Canada and Australia have formally recognised the State of Palestine, moves framed by all three governments as essential to preserving the prospect of a two-state solution and lasting peace in the Middle East.

UK recognition

British Prime Minister Keir Starmer confirmed that the UK has officially recognised Palestine, calling the decision a historic one grounded in the Palestinian people’s right to self-determination.

Some House Republicans push to revamp Fed mandate– www.washingtonexaminer.com
Source Link
Excerpt:

Republicans on Capitol Hill are pushing to end the Federal Reserve‘s dual mandate of price stability and maximum employment and instead limit its remit exclusively to keeping inflation low.

The Price Stability Act, introduced this week by House Financial Services Committee Chairman French Hill (R-AR), would require that Fed officials only consider inflation when making monetary policy decisions.

Rep. Marlin Stutzman (R-IN), one of the bill’s co-sponsors, told the Washington Examiner during an interview that changing the Fed’s mandate would be good for the economy. Notably, over the past several years, the U.S. experienced the worst wave of inflation since the 1970s.

As Youth Unemployment Hits New High, China Waxes Nostalgic for the “Boom Years”– chinadigitaltimes.net
Source Link
Excerpt:

China’s National Bureau of Statistics published new data on Wednesday showing that urban youth unemployment rose to a two-year high last month. According to the data, the rate of unemployed youth aged 16 to 24 (excluding students) rose from 17.8 percent in June to 18.9 percent in August, nearing the historical peak of 21.3 percent in June 2023. This development underscores how even in a country that censors and “optimizes” negative data, a harsh economic landscape continues to frustrate millions of Chinese youth.

After the peak in 2023, government officials suspended the publication of youth unemployment data for several months and revised their methodology to yield lower figures. Articles discussing the state of the Chinese economy have also been censored online, including one on WeChat from March titled “Ten Questions About the Chinese Economy in 2025,” and a similar list of ten economic questions in 2023. A meme comparing masses of youth at a job fair to the Terracotta Warriors was likewise taken down from the internet in May. Upon hearing about the latest youth unemployment figures, Chinese netizens on Weibo and X joked about the sensitivity and unreliability of such statistics, as documented by CDT Chinese editors:

Stream2024: Great news! Another record high!

Greece delays Israel arms deals due to Gaza – report– en.globes.co.il
Source Link
Excerpt:

The Greek government is interested in closing an extensive arms deal with the Israeli government, but the ongoing war in Gaza is causing delays on the part of Greece, the “eKathimerini” website reports, despite the strategic importance of the deals to Greece.

The deal includes Elbit Systems PULS rocket launch system, with the Greeks interested in a full range of munitions, including Accular 160 mm, EXTRA, and Predator Hawk missiles with 300-kilometer range, totaling around €700 million.

Democrats unveil funding alternative to counter GOP in shutdown brawl– www.politico.com
Source Link
Excerpt:

Congressional Democrats released bill text Wednesday night for their own stopgap spending proposal as they dig in against a House Republican-backed measure that would fund the government until late November.

The new Democratic proposal links funding the government through Oct. 31 to two of the party’s other priorities: health care assistance and placing limits on President Donald Trump’s ability to unilaterally roll back funds previously approved by Congress.

The Democratic stopgap bill has virtually no chance of passing the Senate — much less getting to Trump’s desk before the end-of-the-month deadline to avert a shutdown. But it allows Democrats to rally behind a plan that will win a broad swath of support among their members in the House and Senate.

“We invite Republican leadership to finally join Democratic leadership at the negotiating table, which they have refused for weeks to do, to prevent a shutdown and begin bipartisan negotiations to keep the government funded,” Congress’ top Democratic appropriators, Connecticut Rep. Rosa DeLauro and Washington Sen. Patty Murray, said in a joint statement.

The Democrats’ bill would extend boosted Affordable Care Act insurance subsidies that will otherwise expire on Dec. 31. It also would reverse cuts to Medicaid and other health programs that Republicans enacted as part of their party-line megabill this summer.

Nvidia CEO Huang caught between US, China’s ‘larger agendas’– www.channelnewsasia.com
Source Link
Excerpt:

“Jensen Huang’s diplomatic comment about ‘larger agendas’ is CEO-speak for ‘We’re pawns in a digital Cold War,’” said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.

Nvidia has responded to the political tumult by sharply increasing its lobbying spending in Washington. Senate disclosures show it spent nearly US$1.9 million in the first half of 2025, compared with US$640,000 for all of last year. It also hired three new firms with 21 lobbyists last month.

China’s Cyberspace Administration directed ByteDance and Alibaba to terminate RTX Pro 6000D testing and orders, the Financial Times reported, citing three sources. The new restrictions go beyond earlier guidance that focused on the H20 chip, designed specifically for the Chinese market.

“We’ll continue to be supportive of the Chinese government and Chinese companies as they wish,” Huang said in London.