28 h. ago US tech stocks slide as Oracle data centre setback reignites AI concerns

Software giant suffers renewed declines after backer Blue Owl pulls out of $10bn project

Politics

32 h. ago Oracle’s $10bn Michigan data centre in limbo after Blue Owl funding talks stall

Investment firm concerned about tougher debt terms and the risk of delays to the vast project

Economics

36 h. ago EU talks on using Russian assets to fund reparations loan for Ukraine enter final stages ahead of crunch meeting – Europe live

Negotiations among EU leaders continue ahead of critical European Council meeting in Brussels on ThursdayIf you want to test various scenarios ahead of tomorrow’s debate on Russian frozen assets, you can use this handy calculator to see what is needed to get the proposal passed under the so-called qualified majority vote, or QMV (expect to hear a lot about it in the next 48 hours).As we know, the opposition is led by Belgium and its outspoken prime minister Bart de Wever, with Bulgaria, Czech Republic, and Malta also against. Italy has some doubts too (at least for now?), and Hungary, traditionally, is against anything that would help Ukraine. Continue reading...

Politics

1 week ago EU leaders race to save Ukraine funding deal as Kyiv’s cash runs low

‘Future of Europe’ at stake with Von der Leyen and Merz desperate to persuade Belgian PM to allow use of frozen Russian assetsGermany’s chancellor, Friedrich Merz, will meet the European Commission chief, Ursula von der Leyen, and Belgium’s prime minister, Bart De Wever, for emergency talks on Friday as the EU races to save its sorely needed financing plan for Ukraine.The three leaders will dine in private in Brussels, a German government spokesperson said on Thursday, as Belgian officials continued to express strong opposition to the scheme, which involves the unprecedented use of frozen Russian assets. Continue reading...

Economics

2 w. ago Macron reportedly warned Zelenskyy US may ‘betray Ukraine on territory’

Der Spiegel quotes leaked call in which European leaders voice doubts about Washington’s approach to peace talksEmmanuel Macron has reportedly warned Volodymyr Zelenskyy that “there is a chance that the US will betray Ukraine on territory, without clarity on security guarantees”, the German magazine Der Spiegel reported, quoting a leaked note from a recent call with several European leaders.Der Spiegel said it had obtained an English summary of Monday’s call, featuring what it said were direct quotations from European heads of government in which they expressed fundamental doubts about Washington’s approach to the talks. Continue reading...

Events

2 w. ago Talks for UK to join EU defence fund collapse in blow to Starmer’s bid to reset relations

UK had been pushing to join €150bn Safe fund, a loan scheme that is part of bloc’s drive to rearm EuropeKeir Starmer’s attempt to reset relations with the EU have suffered a major blow, after negotiations for the UK to join the EU’s flagship €150bn (£131bn) defence fund collapsed.The UK had been pushing to join the EU’s Security Action for Europe (Safe) fund, a low-interest loan scheme that is part of the EU’s drive to boost defence spending by €800bn and rearm the continent, in response to the growing threat from Russia and cooling relations between Donald Trump’s US and the EU. Continue reading...

Politics

3 w. ago Top minister blasts Reform and Tories' views on Britain as she unveils major tech plan

Technology Secretary Liz Kendall criticised Reform UK and the Tories for talking the country down as she hailed Labour’s record funding in research and development

Politics