Author: IA PressRoom

BERLIN (Reuters) – Germany’s armed forces only have around 20,000 high explosive artillery shells left, magazine Der Spiegel wrote on Monday citing confidential defence ministry papers prepared to convince the budget committee of the need for urgent purchases. Countries like Germany have rushed to send supplies of 155m artillery rounds used by howitzers to Ukraine in the wake of its invasion by Russia in February 2022, running down stocks for their own defence. Germany’s military needs to build up an inventory of some 230,000 shells by 2031 to comply with NATO goals to have enough artillery to withstand 30 days…

© Reuters. Germany stocks lower at close of trade; DAX down 0.96% Investing.com – Germany stocks were lower after the close on Monday, as losses in the , and sectors led shares lower. At the close in Frankfurt, the fell 0.96%, while the index declined 1.08%, and the index fell 2.01%. The best performers of the session on the were MTU Aero Engines NA O.N. (ETR:), which rose 4.19% or 9.50 points to trade at 236.20 at the close. Meanwhile, Beiersdorf AG O.N. (ETR:) added 0.50% or 0.60 points to end at 121.15 and Porsche Automobil Holding SE (ETR:) was…

Source: Adobe/ somemeansDisgraced crypto lawyer Kyle Roche fell “victim to an elaborate international setup” that caused him to expose himself as corruptly beholden to Avalanche founder Ava Labs, reported the New York Times on Sunday. The setup, which destroyed Roche’s career as one of the biggest lawyers in cryptocurrency litigation, began in December 2021 when Roche received an email from a trusted peer introducing him to a businessman named Mauricio Andres Villavicencio de Aguilar.Villavicencio presented himself as an associate of Christen Ager-Hanssen, a venture capitalist claiming to be interested in one of Roche’s new Avalanche-based companies. Roche met both men at Ager-Hanssen’s…

cheekudigital/iStock Editorial via Getty Images Airbus (OTCPK:EADSY) (OTCPK:EADSF) on Monday received what the company described as the biggest deal in civil-aviation history with an order for 500 narrowbody jets from Indian budget carrier IndiGo. The European plane maker announced the deal, with an estimated value of $50 billion based on list prices and typical discounts, at the Paris Air Show. The multibillion-dollar agreement surpassed Air India’s planned purchase of 470 jets, announced earlier this year. The country’s two biggest carriers are preparing for a major expansion in regional travel. “This landmark order marks a new chapter in Airbus and IndiGo’s…

Lawyers for former President Donald J. Trump have told the judge overseeing his documents case that they have started the process of obtaining security clearances, the first step of what is likely to be a major fight over classified evidence before his trial.Mr. Trump is facing 31 counts of unauthorized retention of national security secrets under the Espionage Act, along with accusations that he obstructed the government’s efforts to retrieve sensitive files — including by defying a subpoena.Here is a closer look at the tricky legal issues raised by the role of classified evidence in the case.What are Espionage Act…

AIs trained solely on other AIs will eventually spiral into gibberish, machine learning experts say. One author compared the effect to pollution, saying: “we’re about to fill the Internet with blah.” It means AI training by scraping the web will become less and less effective, they said.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app As more and more AI-generated content is published online, future AIs trained on this material will ultimately spiral into gibberish, machine learning experts have predicted.A group of British and…

Intel is to ramp up its investment in two new semiconductor plants in eastern Germany from €17bn to €30bn in exchange for higher government subsidies for the project, the company said Monday.The announcement marked the resolution of a dispute that broke out earlier this year when Intel demanded the government increase the level of financial support for the project from €6.8bn to at least €10bn, citing increased construction and energy costs.Those demands sparked controversy in Germany, with some economists warning the incentives were a waste of taxpayers’ money and finance minister Christian Lindner, of the fiscally hawkish Free Democratic party,…

© Reuters. FILE PHOTO: A worker cleans a Hyundai IONIQ 5 electric car during Indonesia International Motor Show in Jakarta, Indonesia, February 16, 2023. REUTERS/Willy Kurniawan By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports of power loss while driving that may be tied to a battery charging issue. The National Highway Traffic Safety Administration’s preliminary investigation covers 2022 model-year vehicles after it received 30 consumer complaints alleging a loss of acceleration. The agency said many consumers reported a loud popping noise followed by a warning displayed on their…

Source: Adobe / rarrarorroThe US Securities and Exchange Commission was recently heavily criticized by a Coinbase executive after it provided rather evasive responses to questions from the US federal court. The exchange’s Chief Legal Officer, Paul Grewal, commented on the regulator’s behavior in a series of tweets.According to Grewal, the exchange could not wait for its deadline this week to address the SEC’s response to the June 6 order from the Third Circuit. He pointed out that:”It is unusual for the government to defy a direct question from a federal court. But the SEC’s evasive response goes further, as we set out…

After becoming a mainstay for millions of Americans during tax season, the standard deduction’s rules and payout size are becoming a part of the brewing Capitol Hill debate over the future of the tax code.A new bill introduced by Republican lawmakers provides insight into what the tax code may look like in the coming years — specifically after 2025 when current Trump-era tax rules and standard deductions expire. The House Committee on Ways and Means — the chief tax-writing committee in the Republican-controlled House of Representatives — passed a bill earlier this week that aims to raise the standard reduction.…