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European firms unite in bid to rival SpaceX
Key European aerospace firms have agreed to pool their space operations into a single business in a bid to compete in the rapidly developing space industry against rivals including SpaceX. Pitched as a ‘European Space Champion’, the new company will be headquartered in Toulouse, employ around 25,000 people and have an annual turnover of €6.5bn…
Nvidia to invest $5bn in rival Intel
Nvidia, the leading manufacturer of artificial intelligence chips, said it will buy a $5bn (£4bn) stake in Intel – a lifeline for its struggling rival on the heels of a separate investment from the US government. The deal, announced on Thursday, will involve a partnership between the two American companies to make personal computer and…
Trump tariffs: Swiss companies target alternative export markets
Imogen FoulkesBern, Switzerland AFP via Getty Images So far President Karin Keller-Sutter has failed to reduce US tariffs on Swiss goods President Trump’s tariffs have caused shock worldwide, with governments scrambling to find a deal to placate him. Some have managed: the UK got in first, with a sweet deal of just 10%, the European…
French tech giant Capgemini to sell US subsidiary working for ICE
Criticism of ICE practices has intensified in recent weeks since the shooting of 37-year-old Pretti, the second fatal shooting of a US citizen since immigration agents began surging several cities across the US, acting on the Trump administration’s drive to increase deportations of illegal immigrants.
FTSE 100 index hits 10,000 milestone in new year rally
The FTSE 100 index has climbed above 10,000 points for the first time, passing a significant stock market milestone, on the first trading day of the year. Shares included in the index performed strongly in 2025, leaving the benchmark more than 21% higher than a year ago, when it stood at just over 8,260. Rising…
