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European markets open mixed as AI stocks sell-off hits Asia, South Korea drops 5%

European stock markets had a mixed opening, as shares fell in Asia, with South Korea's benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday. As the rally in AI stocks fades, investors were cautious at the open on Friday, with European markets opening to mixed sentiment following steep falls in Asian markets.

Euronews 5d ago

Why Hong Kong matters to Kazakhstan’s financial ambitions

Nikola Mikovic is a freelance journalist, researcher and analyst based in Serbia. As part of its decades-old “multi-vector” foreign policy, based on balancing relations between major powers such as China, Russia, the United States and the European Union, Kazakhstan – Central Asia’s largest country – is now actively diversifying its economic and financial policies. While in the past, Astana sought to strengthen cooperation with the United Arab Emirates (UAE), the leading international...

South China Morning Post 2d ago

Hegseth tempers China criticism at Asia forum

SINGAPORE — Defense Secretary Pete Hegseth on Saturday delivered the message to Asia that he’s been preaching to European allies, framing the relationship in more transactional terms while sidestepping the biggest military flashpoint in the region. He called for “drama-free” ties in a major policy speech to Asian officials that made no mention of Taiwan, a rare omission for a Defense secretary about the self-governing island that China claims as its own. He instead called for Washington and...

Politico EU 11d ago

Leclerc can celebrate Ferrari extension by ending Antonelli's winning run

Leclerc can celebrate Ferrari extension by ending Antonelli's winning run June 3 : Monaco's local hero Charles Leclerc will hope to celebrate his new Ferrari deal on home territory this weekend by ending the Italian team's long winless wait and denying Mercedes teenager Kimi Antonelli a fifth successive victory. The first race of the European season, after long-haul trips to Asia and North America, offers Ferrari a real chance of ending Mercedes' run of dominance and taking their first grand...

Channel News Asia 7d ago

Rising Asian cyberscam losses expose gaps in EU response

Rising cyberscam losses expose gaps in EU response June 10, 2026A landmark study on cyberscams in Europe released this week has found that 75% of adults encountered a scam in the past year. While 71% of respondents said they were confident in recognizing scams, 8% of those exposed went on to interact with scammers. Some 16% of parents said their children had been approached by a scammer.

Deutsche Welle 5h ago

Rising cyberscam losses expose gaps in EU response

Rising cyberscam losses expose gaps in EU response June 10, 2026A landmark study on cyberscams in Europe released this week has found that 75% of adults encountered a scam in the past year. While 71% of respondents said they were confident in recognizing scams, 8% of those exposed went on to interact with scammers. Some 16% of parents said their children had been approached by a scammer.

Deutsche Welle 5h ago

Oil rises, stocks slip on fragile Mideast peace hopes

Oil rises, stocks slip on fragile Mideast peace hopes NEW YORK: Oil prices rose on Wednesday (Jun 3), edging closer to US$100 a barrel while stocks fell as further attacks between the United States and Iran dented hopes of an imminent peace deal. Wall Street indexes tumbled and European stocks were mostly in the red, following a mixed showing in Asia.

Channel News Asia 6d ago

Europe’s fears about China trade threat miss the point

Outside In Europe’s fears about China trade threat miss the point How are Beijing’s successful industrial policies any different from those used by Europe, the US or the ‘Asian tigers’ in the past? 3-MIN READ3-MIN 1 Listen David Dodwell is CEO of the trade policy and international relations consultancy Strategic Access. Europe’s political and business leaderships appear to have concluded that China’s economic dominance represents an existential threat – not from intrinsic competitiveness but...

South China Morning Post 5d ago

French counter-drone startup Alta Ares raises €50 million

French counter-drone startup Alta Ares raises €50 million PARIS, June 8 : Alta Ares, a French startup focusing on counter-drone technology, said on Tuesday it had raised €50 million in its second funding round, helped by surging demand for air defence systems to combat the mass-produced drones playing a decisive role in Russia's war in Ukraine. Alta Ares completed a €2 million funding round in May 2025 and the funds will be used to expand production, CEO Hadrien Canter told Reuters. Alta...

Channel News Asia 1d ago

Words of War

Decades ago, it was a truism that the 24/7 news cycle exercised a malign influence on policy making. It kept senior leaders fixated on a flickering television screen when their time would have been better spent weighing evidence, debating alternatives, and considering opposing views. But today we contend with 24/7 commentary, which is so ubiquitous that we barely notice it, even as it causes a kind of dry rot of our good judgment.Supporters of the Trump administration’s war against Iran...

The Atlantic 12d ago