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Philips looks to AI as seeks to turn the page on defective respirators
Medical device manufacturer Philips is betting on innovation as artificial intelligence (AI) transforms the healthcare industry, its chief executive told AFP in an interview on Tuesday, as the company looks to turn the page on a massive recall of defective sleep respirators.
Renault CEO urges 'Marshall Plan' for Europe electric vehicles
The chief executive of French automaker Renault called Tuesday for a European "Marshall Plan" to accelerate the adoption of electric vehicles and reduce carbon emissions in the face of Chinese competition. "A European Marshall Plan could be put in place to accelerate parc renewal and thus drastically reduce CO2 emissions," he wrote.
European plastics industry 'in trouble' as market share falls
Europe's share of global plastics production has fallen while China's output now accounts for a third, an industry report showed Tuesday. Europe's share of global production fell from 22 percent in 2006 to 14 percent in 2022, according to an annual report by Plastics Europe.
France faces high-risk vote on EU-Canada free trade deal
The French government on Thursday faces a risky vote on a controversial trade deal between the EU and Canada in the Senate where an unlikely alliance between left and right hopes to torpedo the pact. In a rare temporary alliance, the leadership of the conservative Les Republicains (LR) party, which has a majority in the Senate, has also signalled its opposition to the trade pact.
US Fed kicks off rate meeting with timing of cuts up for discussion
The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to hold firm on interest rates, and continue discussions about when to start cutting them.
Pakistan interior minister urges new laws for online speech
Pakistan's new interior minister said Tuesday the country needed better laws to regulate internet free speech, as disruption of social media platform X stretched into its fifth week. "We need to make better laws," Interior Minister Mohsin Naqvi said when asked whether his ministry was responsible for the X shutdown.
Ben & Jerry's owner Unilever to spin off ice cream arm
British consumer goods giant Unilever announced Tuesday that it will separate its ice cream unit, whose top-selling products include Ben & Jerry's and Magnum, as a standalone business. It added: "After separating Ice Cream and implementing the productivity programme, Unilever will have a structurally higher margin."
AI titan Nvidia ramps up collaboration with Chinese auto giants
Nvidia on Monday announced a major expansion of its collaboration with world-leading BYD and other Chinese electric car makers, including on the development of autonomous AI-boosted vehicles. Nvidia said other major Chinese EV firms, including XPeng, Li Auto, ZEEKR and GAC Aion have also adopted the Thor platform, which was first announced in 2022.
Easy does it: The Bank of Japan's experiment
The Bank of Japan on Tuesday announced a seismic change in direction on Tuesday, hiking interest rates for the first time in 17 years.
AFP
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