- The EU’s competition chief faced intense questioning from European lawmakers on Tuesday for nominating Fiona Scott Morton for the role of chief competition economist.
- The criticism focused on Scott Morton’s nationality and her previous work consulting for Big Tech.
Read More at cnbc.com
- The European Union sent four Canadair water bombers to help Greece fight wildfires that have been raging for a third day on Wednesday.
- It comes as a scorching heatwave continues to grip southern Europe, with temperatures in Spain, France and Italy climbing to fresh record highs.
- Italy’s capital of Rome recorded its hottest day ever on Tuesday, as temperatures in the city center rose to a staggering 41.8 degrees Celsius (107.24 Fahrenheit).
Read More at cnbc.com
- India's Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a car industry in need of domestic battery production to help secure its future.
- The announcement marks Britain's biggest move in the car gigafactory space as it seeks to keep up with the United States and European Union in the race to develop green industries.
Read More at reuters.com
- Sardinia and Sicily could see temperatures peak at around 46 degrees Celsius on Tuesday, according to Italian weather news service Meteo.it.
- Europe’s hottest-ever recorded temperature is believed to be 48.8 degrees Celsius, logged near the ancient city of Syracuse on the coast of Sicily in August 2021.
- “The bubble of hot air that has inflated over southern Europe has turned Italy and surrounding countries into a giant pizza oven,” said Hannah Cloke, a professor at the University of Reading.
Read More at cnbc.com
- French President Emmanuel Macron and British Prime Minister Rishi Sunak have made bold statements about artificial intelligence.
- At VivaTech in Paris, Macron announced 500 million euros ($560.1) in new funding to create new AI “champions.”
- While the U.K. government previously pledged £1 billion ($1.3 billion) to supercomputing and AI research.
- Who will be victorious in the race to win in AI will depend on a number of factors.
Read More at cnbc.com
