Over the next four years, European banks could replace as many as 200,000 employees—about 10 percent of their payrolls—as more people bank online and the banks close branches to cut costs, Morgan Stanley analysts have forecasted after interviewing executives at 35 institutions.
Europe’s spending on AI has surged, which has partially offset weakness in other areas, notably manufacturing, Mathias Corman, secretary-general of the Organization for Economic Cooperation and Development, said in a statement last week.
Friedrich Merz, the warmongering German chancellor, addressed a conference on Sunday and compared President Vladimir Putin to Adolph Hitler—stating that if Russia is not stopped in Ukraine, it will continue on, just like the "Sudetenland was not enough” for the Nazi leader in 1938.
The race by European countries to invest in drone capabilities has helped propel Quantum, a Bavaria-based company, to a $3 billion valuation as the company considers an eventual IPO.
The Europeans are continuing their military buildup, this time announcing that they secured nearly all the funding needed for the European Resilience from Space project that aims to counter the perceived threat from Russia and China.
The price of diesel fuel in Europe rose as high as $845 a metric ton on 19 November, up from as low as $628 in October, as demand rose unexpectedly at a time when supply tightened.
Protests accompanied by massive strikes have broken out across Europe over new domestic austerity measures during a massive military buildup over what governments have been selling as the threat of war against Russia.
Europe has seen a dramatic jump in military tech start-ups ever since the start of the Ukraine War, with a focus on high-tech and drone warfare.
Major protests broke out over the weekend in capitals across Europe in support of the Palestinians in Gaza being tormented and killed by the IDF and the humanitarian-aid flotilla that was intercepted in international waters before reaching the battered enclave.
Nothing gets NATO countries in Europe more excited than pretending that they’re gearing up for a fight with Russia.