Tuesday, March 18, 2025

Creating liberating content

European markets are heading for a higher open, with investor

US President Donald Trump on Monday claimed that his predecessor,

The spacecraft bringing back stranded astronauts Sunita Williams and Butch

Related News

Tim Seifert went hammer and tongs at the start of the New Zealand chase against Pakistan. (Screenshot) New Zealand opener Tim Seifert delivered an impressive performance in the second T20I

European markets are heading for a higher open, with investor focus on the German government as it votes on historic debt reforms on Tuesday. The U.K.’s FTSE 100 index is

US President Donald Trump on Monday claimed that his predecessor, Joe Biden, used an autopen to grant presidential pardons. The Republican leader declared that all pardons given by Mr Biden

The spacecraft bringing back stranded astronauts Sunita Williams and Butch Wilmore has undocked from the International Space Station, starting their return journey after being stuck in space for over nine

As the warmth of spring sets in, let the uplifting power of K-dramas soothe your soul. Known for their inspiring storylines and valuable life lessons, here are seven feel-good K-dramas

The independent wrestling community is mourning the loss of Vince Steele, 39, who died following a medical emergency during a match in New Jersey. He was widely known as ‘The

Trending News

MUMBAI: RBI has pumped in over Rs 5 lakh crore into the banking system since mid-Jan through bond purchases, forex swaps and early-April maturity repos. To ensure that liquidity remains

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Trent and Bharat Forge are the top

NEW DELHI: India’s trade deficit has narrowed to a 42-month low of $14 billion in Feb 2025, thanks primarily to imports slowing to $51 billion, data released by the commerce

US President Trump with PM Modi NEW DELHI: Amid US President Donald Trump’s tariff threats, India is engaging with the US to find ways of increasing trade and discussing the

Bajaj to buy out Allianz’s stakes in insurance joint ventures MUMBAI: In the biggest insurance sector deal in India, Bajaj group will buy out Allianz’s 26% stakes in their life

Foreign portfolio investors (FPIs) are on track for the worst-ever annual equity selloff in FY25 in rupee terms, driven by sustained outflows since October 2024. In the first two weeks

Airbus and others call for sovereign fund and higher Europe tech autonomy

Word Count: 425 | Estimated Reading Time: 3 minutes


European Commission President Ursula von der Leyen attends a press conference after a European Union leaders’ special summit to discuss Ukraine and European defense, in Brussels, Belgium March 6, 2025.

Stephanie Lecocq | Reuters

Airbus and over 90 other European companies and lobby groups have called on the European Commission to create a sovereign infrastructure fund to boost public investment and bolster the region’s autonomy in the tech sector.

In a March 14 letter addressed to European Commission President Ursula von der Leyen and Executive Vice President Henna Virkkunen, the signatories — which include Dassault Systemes, French cloud services supplier OVHcloud and the European Startup Network — stressed the need for Europe’s technological self-reliance as it confronts a “stark reality” following “developments in U.S./EU relations.”

“Building strategic autonomy in key sectors is now a recognised urgent imperative across Europe,” the letter said. It stressed that Europe is now in a “laggard position” in the digital space — having been significantly outpaced by the U.S. and China — and will have a near-complete reliance on non-European technologies in less than three years at the current rate.

“Europe needs to recover the initiative, and become more technologically independent across all layers of its critical digital infrastructure: from logical Infrastructure — applications, platforms, media, AI frameworks and models — to physical Infrastructure — chips, computing, storage and connectivity,” the letter says, warning that “Europe’s current multiple dependencies create security and reliability risks, compromise our sovereignty and hurt our growth.”

Chief among the letter’s requests for a “pragmatic industrial policy strategy” is the need for Europe to inject a formal requirement for the public sector to “Buy European” as well as incentivize the private sector to steer toward similar purchases — with an aim “not to exclude non-European players, but to create space where European suppliers can legitimately compete (and justify investment).”

The letter also calls for the creation of a sovereign infrastructure fund for public investments in tech, particularly in “capital-intensive” projects such as quantum and chips, requesting “significant” funds either allocated or underwritten by the European Investment Bank and by national public funding bodies.

Europe is striving to gain momentum in the tech sector, where executives and venture capitalists have been calling for additional investment and laxer regulation to rejuvenate growth — particularly in the booming AI space.

Amid aggressive U.S. protectionist policies and tariff impositions, the European Union has increasingly sought to safeguard growth and bolster its autonomy, earlier this month proposing fiscal measures that could mobilize nearly 800 billion euros ($872 billion) toward the region’s higher defense spend.

This developing story is being updated.



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account