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#CEO: Geopolitics plays 'big role' in #Airbus demand #Shorts
Bloomberg Television· 2025-06-22 07:00
It seems as if the message coming at the moment is you order a bunch of Boeing airplanes, you are going to get a better trade deal. Where's the muscle in Europe. Where's the political backing that you need to be able to compete with what is happening with Boeing and the presidents of the United States.Right. We like the the power of our products. Yeah.At Airbus, we are passionate about techniques, about supporting uh what our customers need with the right uh the product, the right customer support as well. ...
#Europe should include #Space in #defense budget: ESA Chief
Bloomberg Television· 2025-06-22 06:00
This is a new dimension that's coming now which is the security and defense bar. It's new or it's not completely new but certainly something that is expanding more and yes this is something where certainly also Europe in general including European space agency will will be engaged further always on request of our member states because they need to invest in defense and security and we are the vehicle in space to do that. So you should be part of the defense budget.Is that something that we should we should ...
Has #Europe already lost the #AI arms race? #Shorts #Tech
Bloomberg Television· 2025-06-22 05:00
The next industrial revolution isn't being powered by coal or oil. This time, the most valuable resource is artificial intelligence. And while Silicon Valley often steals the headlines, Europe certainly isn't out of the race.From London to Leyon, Munich to Milan, a new generation of AI startups is emerging. But the money and the scale is often smaller. Last year, America's AI companies secured more than seven times the funding of their European rivals, and patents related to AI in the US outnumber those fro ...
Mali to Take Control of Barrick's Loulo-Gounkoto Gold Mine for Six Months
Bloomberg Television· 2025-06-22 04:00
A Malian court has ruled Barrick Mining's Loulo-Gounkoto gold mining operation should be placed under Provisional Administration for six months and it hands control of one of the Canadian company's biggest mines. Two states appointed management. Joining us now is Bloomberg's William Clowes.So this story has been going on for almost a couple of years now. Well, what happens next. Barrick saying, obviously, that the transfer is unlawful.Yeah. Good morning. The court ruling issued on Monday is, as you say, the ...
Trump Gives National Address on Iran Airstrikes
Bloomberg Television· 2025-06-22 03:13
A short time ago, the US military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime. For Natants, and Esfahan. Everybody heard those names for years as they built this horribly destructive enterprise.Our objective was the destruction of Iran's nuclear enrichment capacity and a stop to the nuclear threat posed by the world's number one state sponsor of terror. Tonight, I can report to the world that the strikes were a spectacular military success. Iran's key nucl ...
The fight in China’s $80 billion-plus food delivery market
Bloomberg Television· 2025-06-22 01:30
China has the world's best and cheapest food delivery apps and now it's only getting cheaper. JD. com, the online retail giant, launched his takeout business in March to challenge rivals Alibaba and Mtoan, which have together dominated the $80 billion plus market for about a decade.Even JD's billionaire founder, Richard Louu, spent a day personally handing out food to surprise customers near its headquarters in Beijing. PR stunt aside, the company is giving away 1.4% 4 billion in coupons to users, forcing M ...
Can Saudi Arabia’s Aramco Fuel a New Era?
Bloomberg Television· 2025-06-21 14:05
Aramco has long been the beating heart of Saudi Arabia's economy. But in less than five years time, the kingdom hopes to reach its goal of building an economy that moves away from its traditional reliance on oil. We think of ourselves as a technology company delivering energy, to be honest with you.Technology has always been our competitive advantage. The company has been evolving ever since its inception. Aramco plays a significant role in Saudi's diversification agenda.Aramco's journey started in 1933 whe ...
Summers on the Fed, Middle East and NYC Mayoral Primary
Bloomberg Television· 2025-06-21 12:08
The amount of the tariff affects, the size of the tariff affects their duration, and the time it will take are all highly uncertain. So that that is why we think the appropriate thing to do is to hold where we are. As we learn more and we think our policy stance is in a good place where we're well positioned to react to incoming developments, we have to be forward looking.And the thing that every forecaster, every outside forecaster and the Fed is saying is that we expect a meaningful amount of inflation to ...
Why Cash Is Still King for Many in Singapore
Bloomberg Television· 2025-06-21 07:00
This is the heart of Singapore where some of the world's biggest banks including JP Morgan and Bank of China z billions of dollars around the world in nanconds over computer screens. But down here in this tiny but popular corner of Raffles place cash is still king. The arcade is home to about 30 money changers.Every day hundreds of people line up here to exchange about 150 different global currencies. Japanese yen, Indonesian rupia, Malaysian ringit, you want Icelandic croner, no problem. But in this digita ...
#Defense tech #CEO on staying competitive in development race #Shorts
Bloomberg Television· 2025-06-21 07:00
But what's very relevant to understand is the the the technology potential is increasing very significantly with compute. Yeah. With with the with the evolution of computing.But also you're finding always every day new ways of using this technology which means that the products need to evolve really fast and the products that were useful yesterday will not be useful tomorrow. And so basically what you need to optimize for is adaptation and and the speed of evolution. not necessarily having a product that is ...