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BRUSSELS :Meta Platforms on Friday criticised EU antitrust regulators for moving the goalpost as the U.S. company seeks to comply with an order targeting its pay-or-consent business model.The tech giant said the European Commission had discriminated against its business model and that it had nevertheless engaged constructively in discussions and introduced extensive changes.”We are confident that the range of choices we offer people in the EU doesn’t just comply with what the EU’s rules require – it goes well beyond them,” a Meta spokesperson said.
[BEIJING] China’s main chip investment fund is planning to focus on the country’s key shortcomings in sectors like lithography and semiconductor design software, adjusting its approach to better overcome US efforts to stop its technological advances.The third phase of the state-backed National Integrated Circuit Industry Investment Fund, better known as Big Fund III, will focus on backing local companies and projects in areas considered bottlenecks to technological advances, people familiar with the matter said. That includes lithography systems, where Dutch firm ASML Holding NV dominates, and chip design tools, an arena controlled by US companies Cadence Design Systems and Synopsys…
A convicted killer previously jailed for stalking Girls Aloud singer Cheryl has admitted another breach of his restraining order after turning up at her home.Daniel Bannister, 50, pleaded guilty to the new charge at Reading Magistrates’ Court on Tuesday. Confirming his plea, he told the court he attended an address he “reasonably believed or suspected” was the star’s home.A court previously heard Bannister “can’t stay away” from the 41-year-old singer.He was jailed for 16 weeks in March for repeatedly turning up at Cheryl’s Buckinghamshire home while under a restraining order. He had initially been jailed for four months in September…
[SINGAPORE] Local stocks tracked overnight Wall Street gains to end higher on Friday (Jun 27). The benchmark Straits Times Index (STI) rose 0.7 per cent or 27.74 points to 3,966.2. Across the broader market, gainers outnumbered losers 309 to 202, after 1.8 billion securities worth S$1.4 billion changed hands. Regional markets were mixed. The Nikkei 225 gained 1.4 per cent, the FTSE Bursa Malaysia KLCI rose 0.6 per cent and the IDX Composite was up 1 per cent. Meanwhile, the Hang Seng Index fell 0.2 per cent and the Kospi was down 0.8 per cent.In the US, markets rallied as weaker-than-projected economic…
AMSTERDAM :The Dutch government on Friday pledged 70 million euros ($82 million) for the construction of an artificial intelligence plant in the northern city of Groningen. The plant, which will be managed by a consortium of Dutch organisations, is intended to become a research hub for the development of AI technologies in applications ranging from agriculture and healthcare, to energy and defence. The government has also applied for European Union co-financing worth another 70 million euros for the plant, it said in a statement, potentially adding to the 60 million that the Groningen regional administration also plans to contribute.”Those who…
[SINGAPORE] Singapore boosted the share of renewables in its power generation mix to a record high in May, an analysis of the latest market data showed, as the country ramped up renewable imports and accelerated local solar power generation.Domestic solar generation in May rose at the fastest pace since March 2024 and renewable imports rose a third straight month to their highest in more than two years, lifting the share of renewables in the city-state’s power mix to 2.58 per cent, data from the National Electricity Market of Singapore showed.Regional electricity trade is crucial to Singapore’s aim to become carbon…
BRUSSELS — European Union leaders on Thursday called for even greater efforts to help meet Ukraine’s pressing military needs, and expressed support for the country’s quest to join their ranks, but they made little headway with new sanctions against Russia.At a summit in Brussels, the leaders said it was important to deliver more “air defense and anti-drone systems, and large-caliber ammunition, to help Ukraine, as it exercises its inherent right to self-defense, to protect its citizens and territory against Russia’s intensified daily attacks.”They also underlined the need to help support Ukraine’s defense industry, which can make weapons and ammunition more…
The extent of the harm inflicted on UK car exporters from US tariffs has been revealed, with shipments plunging by more than half last month according to industry figures. The Society of Motor Manufacturers and Traders (SMMT) said the number of UK-made cars heading across the Atlantic fell 55.4% during May following a decline of just under 3% the previous month. The dramatic slowdown marked a reaction to the 25% tariffs imposed on imports by the Trump administration from 3 April amid the president’s “liberation day” trade war escalation which sparked chaos in global supply chains.The move prompted Jaguar Land…
new video loaded: ‘F1’ | Anatomy of a ScenetranscriptBacktranscript‘F1’ | Anatomy of a SceneJoseph Kosinski narrates a sequence from his film, starring Brad Pitt.My name is Joseph Kosinski and I am the director of “F1.” “Into turn one and there’s three cars gone off!” In this sequence at the Hungarian Grand Prix, we see Sonny Hayes, played by Brad Pitt, implement his own strategy without telling the rest of his team. So this sequence, there’s a couple different filming techniques we used here. We had modified the track cameras that Formula One uses to capture the material in a very,…
AMSTERDAM :The Dutch government on Friday pledged 70 million euros ($82.03 million) for the construction of an AI factory in the northern city of Groningen.The government has also applied for European Union co-financing of another 70 million euros for the plant, it said in a statement, adding to the 60 million the Groningen regional administration plans to contribute.($1 = 0.8533 euros)