International

European markets fall as investors weigh economic data and interest rates
International

European markets fall as investors weigh economic data and interest rates

More news - Latest news European markets fell on Friday, with trading characterized by volatility as investors processed new economic indicators and the implications of potential interest rate cuts following remarks by US Federal Reserve Chairman Jerome Powell. By mid-morning, the pan-European Stoxx 600 index was down 0.43%, reflecting mixed performance across major stock exchanges and diversified sector results. Technology stocks suffered a notable decline of 1.82%, while sectors such as mining, oil and gas posted gains of more than 1%. Among decliners, Nordic Bavarian fell sharply, plunging 16% after announcing a drop in third-quarter revenue attributed to fluctuating demand for its vaccine. This decline contributed to a broader decline in healthcare stocks, which fell 2.3...
François Hollande emphasizes European unity in American protectionism
International

François Hollande emphasizes European unity in American protectionism

Related media - Recent news Former French President François Hollande underlined the need for Europe to maintain unity in the face of growing US protectionism, especially regarding security and trade issues. His comments came shortly after Donald Trump's election victory, which raised concerns about potential economic challenges for the European Union, particularly his threat to impose a 10% tariff on European nations. This comes as Germany, a key economic hub for the region, grapples with economic hardship and political instability following the collapse of its coalition government. Additionally, there are growing concerns about the ongoing conflict in Ukraine and the possibility that the United States may reduce its financial support, leaving European allies to shoulde...
The UK government faces backlash over capital gains tax changes for the tech sector
International

The UK government faces backlash over capital gains tax changes for the tech sector

Related media - Breaking news In a recent blog post, the Startup Coalition, a major tech lobby group in the UK, expressed concern about the potential repercussions of the government's new tax policies, suggesting they could lead to a significant "brain drain" in the tech sector . The comments come in light of the announcement made by Britain's Labor government on Wednesday to increase capital gains tax (CGT) rates on share sales, a move intended to strengthen public finances and stimulate economic growth. Finance Minister Rachel Reeves set out the proposed changes in her inaugural budget, saying the minimum rate of CGT will rise from 10% to 18%, while the maximum rate will rise from 20% to 24%. This adjustment is expected to generate around £2.5 billion for the Government. R...
Germany’s auto powerhouses face challenges to maintain their market relevance
International

Germany’s auto powerhouses face challenges to maintain their market relevance

More news - Recent news As the global automotive industry continues to evolve at a rapid pace, renowned German automakers are finding it increasingly difficult to keep up with changing market dynamics and consumer preferences. This fight for relevance is marked by the industry's urgent shift towards sustainability, digital innovation and new mobility solutions. Historically, German automakers such as Volkswagen, BMW and Mercedes-Benz have set the gold standard for quality, performance and engineering excellence. However, the rise of electric vehicles (EVs), autonomous driving technologies and stringent environmental regulations are reshaping the competitive landscape. These companies now face the monumental task of transitioning from traditional internal combustion engines to more su...
California proposes 30 AI regulatory laws amid federal gridlock
International

California proposes 30 AI regulatory laws amid federal gridlock

Related media - Breaking news California lawmakers last month advanced about 30 new AI measures aimed at protecting consumers and jobs, one of the largest efforts yet to regulate the new technology. The bills aim to impose the toughest nationwide restrictions on artificial intelligence, which some technologists warn could kill entire categories of jobs, throw elections into chaos with misinformation and pose national security risks. California's proposals, many of which have won broad support, include rules to prevent AI tools from discriminating in housing and health services. They also aim to protect intellectual property and jobs. The California legislature, which is expected to vote on the proposed laws by Aug. 31, has already helped shape U.S. tech consumer protections. In 20...
US expands sanctions against Russia during G7 leaders’ meeting
International

US expands sanctions against Russia during G7 leaders’ meeting

Related media - Breaking news While the measures expand the scope of the U.S. sanctions program, the Biden administration has so far refrained from imposing sanctions on Chinese or European banks it believes are helping Russia. The new measures do not prevent banks from facilitating transactions related to Russia's energy exports, which the Biden administration has allowed to continue out of fear that restricting them could stoke inflation. Announcing the sanctions, Treasury Secretary Janet L. Yellen said in a statement that “Russia's war economy is deeply isolated from the international financial system, leaving the Kremlin's military desperate for access to the outside world.” At the heart of the measures is an expansion of “secondary” sanctions that give the United States the pow...
Personal conflicts, even violence, are not uncommon in long-term care
International

Personal conflicts, even violence, are not uncommon in long-term care

More news - News 24 hours Those most likely to be involved are younger and able to walk, "able to move and put themselves in harm's way," Dr. Pillemer said. Most had at least moderate cognitive impairment. The studies also found that incidents occurred more often in specialized dementia units. “Memory care has positive elements, but it also puts residents at greater risk of assault,” Dr. Pillemer said. “More people with brain disease, uninhibited people, gather in a smaller space.” Because so many, both perpetrators and victims, suffer from dementia, "sometimes we can't say what started it all," said Leanne Rorick, director of a program that trains staff on dementia intervention and reduction. voltage. “An initiator is not necessarily someone with malicious intent.” A resident m...