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Washington Cites “Reckless and Incendiary Actions” The United States announced the revocation of Colombian President Gustavo Petro’s visa, citing what it called “reckless and incendiary actions” during his visit to New York for the United Nations General Assembly. The State Department said the decision followed Petro’s participation in a pro-Palestinian demonstration near the UN headquarters, where his remarks were deemed unacceptable for a visiting head of state. Petro’s Remarks at Protest Spark Backlash During the protest, Petro urged U.S. soldiers to disobey orders and called for the creation of a “global army” larger than that of the United States to…
Jaguar Land Rover has launched a phased restart of operations following a major cyber-attack. Some IT systems are back online, and the company is addressing overdue supplier payments with enhanced invoicing capacity. Cyber-attack halts production The August attack forced Jaguar Land Rover to shut down IT networks and suspend vehicle production. Factories will remain closed until at least next month. The prime minister said the government is working around the clock on a support package for suppliers. Smaller firms in the supply chain face growing risk of collapse if the shutdown continues. Opposition leader Sir Keir Starmer described the situation…
President Donald Trump has announced a new series of tariffs on key imports. Starting October 1, branded and patented medicines entering the United States will face a 100 percent duty unless companies operate factories on American soil. The measures also include a 25 percent tariff on heavy-duty trucks and a 50 percent levy on kitchen and bathroom cabinets. Trump revealed the plan on Thursday, saying it is essential to protect US manufacturers. On Truth Social, he said a “flood” of foreign products has harmed domestic producers. He argued the tariffs would support American companies and safeguard jobs. The announcement comes…
Authorities Warn of Possible Hybrid Attack Danish officials reported that drones flew over four airports between Wednesday night and early Thursday, raising concerns about a coordinated “hybrid attack.” Defense Minister Troels Lund Poulsen described the incidents as systematic and likely carried out by a professional actor. While no group has claimed responsibility, intelligence officials noted similarities to other recent drone activity across Europe, with a potential risk of Russian involvement. Flight Disruptions and Security Measures Airports in Aalborg, Esbjerg, Sønderborg, and Skrydstrup were affected, with flights halted for several hours, particularly at Aalborg, which also functions as a military base.…
An Indian court has dismissed a petition filed by Elon Musk’s platform X. The company argued that a government portal allowed officials broad powers to remove online content. A single judge of the Karnataka High Court ruled that X’s challenge to the Sahyog portal was “without merit”. The full judgement has not yet been released. X has not said whether it will appeal the decision. Another major defeat for X This marks the second significant legal setback for X in India in just over two years. The platform previously failed to overturn government orders to remove content. Experts warn the…
New Facilities to Boost AI Capacity OpenAI, in partnership with Oracle and SoftBank, has announced plans to add five additional data-center locations to its Stargate program. The upcoming sites will be located in Shackelford County, Texas; Doña Ana County, New Mexico; Milam County, Texas; Lordstown, Ohio; and an as-yet undisclosed Midwestern state. The expansion is expected to bring the program’s projected computing capacity to approximately 7 gigawatts, as part of a broader initiative targeting up to $500 billion in artificial intelligence infrastructure investment. Partner Roles and Project Commitments The consortium outlined that Oracle will lead construction on three of the…
Canadian privacy officials found that TikTok does not adequately safeguard children’s personal data. They said the platform allows underage access and misuses sensitive information. Children continue to use the app Hundreds of thousands of Canadian children access TikTok every year. The company maintains the platform is not intended for users under 13. Investigators confirmed many minors still use it. Data collected for targeted content The investigation revealed that TikTok gathered sensitive information from large numbers of children. The platform then used this data for advertising and content recommendations. Officials warned that these practices could harm young users. Company pledges stronger…
Porsche stock fell more than seven percent on Monday after the company confirmed setbacks in its electric vehicle rollout. The automaker had already warned that weaker demand would reduce its 2025 earnings. Volkswagen also under pressure Parent company Volkswagen saw its shares drop by over seven percent on the same day. It pledged billions to refresh Porsche’s line-up, raising investor concerns. The decline underscores the challenges European carmakers face from Chinese rivals and a slowing economy. Profit forecast reduced Porsche lowered its profit margin outlook from as high as seven percent to two percent or less. It cited US tariffs,…
Listings Deliver Stronger Results After several subdued years, Europe’s IPO market is beginning to turn a corner. Data from 2024 revealed that capital raised through new listings more than doubled compared with 2023. High-profile floats such as Puig Brands in Spain and Galderma in Switzerland, each generating close to €2 billion, highlight a revival of investor interest in the region’s equities. Private Equity Drives High-Value Offerings Private equity-backed businesses have played a key role in this resurgence. Verisure, the security group owned by Hellman & Friedman, is preparing for a Stockholm listing that could raise around €3.1 billion. If successful,…
Apple has accused European regulators of unfairly targeting its closed ecosystem, arguing that the EU blocks users from the “magical, innovative experience” that defines the company. “We face a serious threat in Europe,” Greg Joswiak said while unveiling Apple’s latest products and features. The company insists its integrated hardware and software guarantee safety and quality, while EU officials argue it locks out competitors and restricts fair competition. Years of disputes result in heavy fine Apple’s conflict with Brussels has spanned years, peaking in April when the EU fined the company €500m for alleged anti-competitive behaviour in its App Store. The…
