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Europe, with its fragmented markets, is often said to be operating in the shadow of the U.S. and China when it comes to scaling AI. But the very factors that challenge its growth as a major player may yet give it an edge when it comes to future-proofing the critical warehouses that power the AI boom.The world is racing to double, if not triple, the entire data center capacity that has been built over the last forty years, Pankaj Sachdeva told CNBC, McKinsey senior partner in technology, with McKinsey estimating that build-out will cost up to $7 trillion by 2030. He expects the U.S. to account for the lion’s…

Traders work on the floor of the New York Stock Exchange (NYSE) on November 26, 2025, in New York City.Spencer Platt | Getty Images Thanksgiving in the U.S. takes place on Thursday stateside, but the feasting might have begun a day early for investors. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all recorded a fourth straight day of gains. Shares of Oracle, which have been hobbling along in November after wiping out its one-day spike in September, advanced roughly 4% after Deutsche Bank said that its recent price pullback “presents an attractive entry point for investors when…

This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.The big storyIndia lives in contradictions — think landing a spacecraft on moon but not getting basic infrastructure right, or being the world’s fastest growing economy that has millions struggling to make ends meet. The country’s labor market is yet another area emblematic of that paradox. While big businesses have bemoaned rigid labor market laws in the country, several startups have fast become unicorns, making use of the flexibility that came with employing vast armies of gig…

Jamie Carragher says Arne Slot’s position is not untenable yet but reckons Liverpool are potentially seeing a glimpse of their future without Mo Salah, Virgil van Dijk and Alisson. Liverpool suffered another humbling home defeat on Tuesday night, losing 4-1 to PSV Eindhoven in the Champions League. It was their ninth defeat in their last 12 games which has further heaped the pressure on head coach Slot although Sky Sports’ Carragher believes his time is not up yet. “Liverpool’s not a sacking club,” Carragher said on CBS Sports.”Liverpool are different from almost every club in European football, where the manager…

LONDON — European stocks closed higher on Thursday as investors digested the regional and global economic outlook.The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday’s session, with major bourses and sectors mostly higher following broadly negative moves earlier in the day. It comes after a positive trading session yesterday, with the Stoxx 600 closing almost 1.1% higher and most sectors and major regional bourses in the green.Global markets have been boosted this week by rising expectations that the U.S. Federal Reserve will cut interest rates when it next meets on Dec. 9-10.Traders are pricing in…

A court in Russia on Thursday convicted eight people on terrorism charges over an attack on a bridge linking Russia to Moscow-annexed Crimea that is a key supply route for Kremlin forces in the war with Ukraine.The court sentenced all of the defendants to life in prison.The October 2022 attack on the bridge came when a truck bomb blew up two of its sections and required months of repairs. The blast killed the truck driver and four other people in a car nearby. Moscow decried the attack as an act of terrorism and retaliated by bombarding Ukraine’s civilian infrastructure, targeting…

MOSCOW (AP) — A U.S.-Russian crew of three began a mission to the International Space Station aboard a Russian spacecraft following a succesful launch Thursday.A Soyuz booster rocket lifted off at 2:27 p.m. (9:27 a.m. GMT) from the Russia-leased Baikonur launch facility in Kazakhstan to put the Soyuz MS-28 into orbit. The spacecraft carried NASA astronaut Chris Williams and two Russian crewmates, Sergei Mikaev and Sergei Kud-Sverchkov. They were scheduled to dock at the station about three hours after liftoff.All three are expected to spend about eight months at the orbiting outpost. NASA said this is the first spaceflight for…

As artificial intelligence (AI) surpasses human capability, the societies best positioned to steer superintelligence will not be the most technologically advanced but the most culturally prepared. China, with its Confucian-Daoist substrate, meets this criterion better than most. Scaled up, state-coordinated and informed by a living tradition that values long-term collective flourishing, China, together with Confucian East Asia, is well-placed to drive the development of AI and transform its purpose. The moment when AI surpasses human performance in nearly every cognitive and physical domain, two epochal shifts will occur almost simultaneously. As SpaceX founder Elon Musk predicted recently, compulsory human labour,…

TEHRAN, Iran (AP) — Iran will introduce a new gasoline price tier on Dec. 6, raising the cost of fuel purchased beyond monthly quotas to 50,000 rials (about 4 cents on the Iranian exchange market) per liter, officials said, in a shift that adds a third pricing level to the country’s long-running subsidy system.Under the revised structure, motorists will continue to receive 60 liters per month at the subsidized rate of 15,000 rials. A second tier of 100 liters will remain available for 30,000 rials.Any consumption beyond those limits will now be charged at 50,000 rials — a price that…

BISSAU, Guinea-Bissau (AP) — Soldiers in Guinea-Bissau on Thursday announced a new junta leader for the country, cementing a forceful takeover of power that began after the country’s presidential election.The military high command inaugurated Gen. Horta N’Ta as the head of the military government, which will oversee a one-year transition period, according to declaration announced on state television.N’Ta was the army chief of staff until the coup and a close ally of deposed President Umaro Sissoco Embaló.Embaló’s whereabouts remained unknown Thursday. He told French media Wednesday that he was arrested by soldiers as gunshots rang out near the presidential palace.The…