Tuesday, March 18, 2025

Creating liberating content

Mehsana: Residents of NASA astronaut Sunita Williams’ ancestral village in

New Delhi: The Supreme Court has expressed concern about the

A plane crash on Monday resulted in the deaths of

Related News

Mehsana: Residents of NASA astronaut Sunita Williams’ ancestral village in Gujarat’s Mehsana district are gearing up for Diwali-like festivities on Wednesday morning to celebrate her scheduled return to Earth after

New Delhi: The Supreme Court has expressed concern about the alleged nexus between banks and builders and assured that a probe by the Central Bureau of Investigation will be held

A plane crash on Monday resulted in the deaths of at least 12 people when a small passenger aircraft crashed into the sea while taking off from Roatán, a Caribbean

Pakistan lost to New Zealand in the second T20I encounter© AFP Pakistan cricket team fast bowler Haris Rauf lost his cool during the post-match press conference following his

NEW DELHI: Former India captain and 1983 World Cup-winning legend Kapil Dev has weighed in on the ongoing debate over cricketers’ families travelling during extended tours, calling for a balanced

Nestle India has issued a warning to job seekers about a recruitment scam that falsely promises employment opportunities with the company. The scam advertises multiple positions with attractive salaries ranging

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