Author: staff
Two of China’s most closely watched AI developers are edging towards public markets, with Moonshot AI, the company behind the Kimi chatbot, lining up a flotation as rival DeepSeek attracts far more investor cash than it originally sought. Beijing-based Moonshot AI has completed its last private funding round, valuing it at about $50 billion (€44.6bn), up from $31.5 billion (€28.1bn) in a round this summer, according to Bloomberg, which cited people familiar with the matter. It is now preparing an initial public offering in Hong Kong, targeting the first quarter of 2027, that could raise up to $5 billion (€4.46bn),…
Latvian filmmaker Nikolay Shestak has won the $450,000 (€401,000) Grand Prix at the first Astana AI Film Festival in Kazakhstan for his film The First Honest Day, created using artificial intelligence. The First Honest Day explores how people’s actions shape who they become, with bad deeds making its characters physically uglier and good deeds changing them for the better. Shestak, who started directing around four years ago and began making films with AI two years ago, said he did not expect to win. “Honestly, I didn’t expect to win. There were so many incredible works and different genres here that…
The warning comes days before the Irish presidency of the Council of the EU, which is steering the budget talks, is expected to put forward a budget negotiating document with new figures. Von der Leyen had previously hailed the Commission’s budget proposal for 2028-2034 as “the most ambitious ever proposed.” But Tuesday, as negotiations among governments enter crunch time, she struck a more cautious note. In a message to Berlin, von der Leyen recalled that the Commission’s budget proposal represents 1.26% of the European Union’s gross national income — a relatively small increase from the current seven-year cash pot. She also…
Former German intelligence chief August Hanning is accused of obtaining classified information from a former employee of the Federal Intelligence Service (BND) and using it in connection with his private consultancy work. Germany’s Federal Prosecutor’s Office is reportedly investigating the 80-year-old former BND president on suspicion of offences including obtaining state secrets and treason-related espionage. Hanning allegedly continued to receive confidential documents from the intelligence service for years after leaving office. His former chief of staff is suspected of supplying him with the material and has also reportedly been arrested. According to reporting by the “Süddeutsche Zeitung”, the documents included…
Saudi-backed Yemeni forces launched a major offensive to retake areas around the Bab el-Mandeb strait from the Houthis, as Pakistan and Turkey agreed to deploy troops to Saudi Arabia and the Houthis struck Riyadh’s international airport, oil facilities and military bases in a widening war. Yemeni officials said forces allied with the internationally recognised government retook on Monday the crucial town of Dhubab just north of the strait, a vital shipping route connecting the Red Sea with the Gulf of Aden. They also captured the towns of Bab and Hadeid, the officials said, speaking on condition of anonymity. Witnesses said…
By Wessam Al Jurdi & يورونيوز Published on 06/10/2026 – 10:06 GMT+2 Saudi Aramco chief executive Amin Nasser has warned that the world’s oil supply cushion is shrinking. The head of the world’s largest oil company said the Iran war has drained stocks that could help offset further supply disruptions. The effective closure of the Strait of Hormuz, the narrow waterway that typically handles around 20% of the world’s oil and liquefied natural gas supplies, led to major supply disruptions and higher prices, hitting the global economy. Seven months into the war, the global oil stockpile system is “already straining,” said Nasser, speaking…
Javier Carbonell, an analyst at the European Policy Centre, says that while housing has been one of the “biggest policy failures” of Spanish Prime Minister Pedro Sánchez’s administration, the prime minister has been able to turn it into an electoral issue. Nevertheless, Carbonell is not sure whether it will be enough to win the snap elections called for 29 November. A possible coalition between the right-wing PP and far-right VOX could result in “a tougher position on migration” and “an increase in defence spending” for Spain. If there is a change of government, Carbonell also predicts that Spain will move…
Police used tear gas and water cannon as protesters fired fireworks and threw objects during clashes outside Kosovo’s parliament in Pristina on Monday. Riot officers moved forward behind shields as fires burned in the streets, and several people were detained. The unrest followed parliament’s first reading of amendments aimed at limiting the powers of the Kosovo Specialist Chambers in The Hague. The court recently convicted four former Kosovo Liberation Army commanders of war crimes committed during the 1998-99 conflict. The proposed changes would cap prison sentences at 15 years, allow appeals to Kosovo’s Supreme Court and let convicted people serve…
For most of the past decade, lending money to France was considered almost as safe as lending money to Germany. That belief is now breaking down, and it is happening fast. Last week, investors demanded up to 5% a year to lend to the French government for 10 years. France had not faced borrowing costs that high on its 10-year bonds since July 2002. The extra return investors want to hold French debt instead of German debt rose to its highest level since the eurozone debt crisis of 2011-2012. France now pays more to borrow than Italy and Greece, two…
MAAT – the Museum of Art, Architecture and Technology in Lisbon – is hosting until 22 February the exhibition “VENUS – Valentino Garavani through the eyes of Joana Vasconcelos” (source in Portuguese), inspired by the world of the renowned Italian fashion designer. The project stems from a partnership between the Valentino Garavani and Giancarlo Giammetti Foundation – Giammetti being the designer’s life and business partner – and Portuguese sculptor and artist Joana Vasconcelos, who has devised a visitor journey in which her own work enters into dialogue with the pieces created over the years by the designer. “I wanted to…