NATO's future
NATO buys AI system from Palantir
NATO is to buy an AI-powered military system from the American tech company Palantir, reports the Financial Times.
It concerns the Maven Smart System (MMS NATO) system that uses both language models and machine learning to give military decision-makers "a secure and common operational capability".
No purchase price has been reported, but the FT writes that it should be one of Palantir's largest contracts this year.
Swedish inflation
Inflation expectations rise slightly in the long term
Expectations for inflation among interest rate players, unions and employers have risen marginally in the two-year period. This is shown by the latest survey conducted by Origo Group on behalf of the Riksbank.
Expectations for one year ahead remain at 2.2 percent. Expectations for two years ahead increased from 2.1 to 2.3 percent measured in CPIF. The outlook for five years ahead remains the same.
In the latest survey, expectations increased on all time horizons.
NATO buys AI system from Palantir
NATO is to buy an AI-powered military system from the American tech company Palantir, reports the Financial Times.
It concerns the Maven Smart System (MMS NATO) system that uses both language models and machine learning to give military decision-makers "a secure and common operational capability".
No purchase price has been reported, but the FT writes that it should be one of Palantir's largest contracts this year.
Swedish inflation
Inflation expectations rise slightly in the long term
Expectations for inflation among interest rate players, unions and employers have risen marginally in the two-year period. This is shown by the latest survey conducted by Origo Group on behalf of the Riksbank.
Expectations for one year ahead remain at 2.2 percent. Expectations for two years ahead increased from 2.1 to 2.3 percent measured in CPIF. The outlook for five years ahead remains the same.
In the latest survey, expectations increased on all time horizons.
Tariff crisis Reactions to tariffs
Businesses sue Trump: “No one should have such power”
A group of American import companies has sued Donald Trump’s administration and demands that the US International Trade Court stop sweeping tariffs on trading partners around the world, writes Reuters.
The lawsuit involves five companies that import goods from countries targeted by Trump’s tariffs.
– No single person should have such power to impose tariffs that have such extensive global economic consequences, says the companies’ legal representative Jeffrey Schwab in a statement.
Businesses sue Trump: “No one should have such power”
A group of American import companies has sued Donald Trump’s administration and demands that the US International Trade Court stop sweeping tariffs on trading partners around the world, writes Reuters.
The lawsuit involves five companies that import goods from countries targeted by Trump’s tariffs.
– No single person should have such power to impose tariffs that have such extensive global economic consequences, says the companies’ legal representative Jeffrey Schwab in a statement.
China strengthens ties with Vietnam in a series of agreements
Vietnam looked to be hit hard before Trump put tariffs on the outside world on hold. Now the country is instead strengthening ties with the US’s main opponent in the trade conflict, China.
During Xi Jinping's visit to Vietnam on Monday, the countries signed a series of trade documents, which included issues such as supply chains and infrastructure, according to several media outlets.
- The trips to Vietnam, Malaysia and Cambodia are about how China can protect itself against Trump, says Nguyen Khac Giang, a researcher at Singapore Isea, to the AP.
Vietnam looked to be hit hard before Trump put tariffs on the outside world on hold. Now the country is instead strengthening ties with the US’s main opponent in the trade conflict, China.
During Xi Jinping's visit to Vietnam on Monday, the countries signed a series of trade documents, which included issues such as supply chains and infrastructure, according to several media outlets.
- The trips to Vietnam, Malaysia and Cambodia are about how China can protect itself against Trump, says Nguyen Khac Giang, a researcher at Singapore Isea, to the AP.
Former head of the oil fund sees risk of American collapse
The former head of the Norwegian Oil Fund, Knut Kjær, warns that investors should think more broadly about the risks surrounding the Trump administration. He tells Dagens Næringsliv.
In its stress tests, the oil fund has pointed to a stock market drop of 40 percent as a nightmare scenario. But Kjær sees a risk that it will be worse than that in the event of a "regime change" - where the US loses the leadership of the world economy.
- Some things cannot be repaired. For example [...] trust in the US as an ally and as a rational economic actor, he tells the newspaper.
The former head of the Norwegian Oil Fund, Knut Kjær, warns that investors should think more broadly about the risks surrounding the Trump administration. He tells Dagens Næringsliv.
In its stress tests, the oil fund has pointed to a stock market drop of 40 percent as a nightmare scenario. But Kjær sees a risk that it will be worse than that in the event of a "regime change" - where the US loses the leadership of the world economy.
- Some things cannot be repaired. For example [...] trust in the US as an ally and as a rational economic actor, he tells the newspaper.
Tariff crisis Trump's tariff policy
Trump backs down again: May make exceptions for auto companies
Donald Trump is looking at possible exemptions from tariffs on vehicles and auto parts to give the industry more time to adjust. He tells reporters at the White House, according to several media outlets.
- I'm looking at something that would help the auto companies with this, the president says, according to Bloomberg.
He gives as an example companies with manufacturing in Canada and Mexico that "need some time, because they're going to manufacture them here".
Auto stocks such as General Motors, Ford Motor and Stellantis turned from negative to gains of between 3.5 and 5.6 percent after the comments.
Trump backs down again: May make exceptions for auto companies
Donald Trump is looking at possible exemptions from tariffs on vehicles and auto parts to give the industry more time to adjust. He tells reporters at the White House, according to several media outlets.
- I'm looking at something that would help the auto companies with this, the president says, according to Bloomberg.
He gives as an example companies with manufacturing in Canada and Mexico that "need some time, because they're going to manufacture them here".
Auto stocks such as General Motors, Ford Motor and Stellantis turned from negative to gains of between 3.5 and 5.6 percent after the comments.
Treasury Secretary: Tariffs not sustainable in the long term
The United States hopes for a trade agreement with China, Treasury Secretary Scott Bessent says in an interview with Bloomberg TV. Trump's tariffs on China of 145 percent and China's retaliatory tariffs of 125 percent are "big numbers" and that no one believes are sustainable in the long term, Bessent continues.
- They are no joke, he says in the interview.
At the same time, no one wants them to remain at that level, the finance minister adds.
When asked if any country might negotiate down the tariffs to zero, he urges everyone to "do their best" in the negotiations "and we'll see".
In the case of China, the negotiations will then take place at the highest level and involve Donald Trump and Xi Jinping, says Scott Bessent.
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