The UK is in active discussions to form a three-way “steel alliance” with the US and EU to combat Chinese overcapacity. This protectionist approach mirrors 1950s trade pacts and responds to global steel glut reaching 600 million tonnes.
The European Commission has formalized a partnership with the European Investment Bank and European Investment Fund to develop AI “gigafactories” across the continent. The initiative aims to establish Europe as a global AI leader through massive computing infrastructure investments totaling €20 billion specifically for these facilities.
Europe is making its most ambitious play yet to compete in the global artificial intelligence race, with the European Commission reportedly finalizing a strategic partnership with the continent’s leading financial institutions to build what officials are calling “AI gigafactories.”
A significant Amazon Web Services outage has exposed Europe’s critical dependence on US cloud infrastructure. Analysts suggest the incident underscores urgent sovereignty concerns as EU struggles to develop competitive alternatives.
A widespread Amazon Web Services outage on Monday disrupted numerous popular online services including banking applications, language learning platform Duolingo, and gaming service Roblox, according to reports. The technical glitch, while reportedly resolved within hours, exposed the concentrated nature of global cloud infrastructure that underpins modern digital economies.
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