HCLSoftware introduces Domino IQ, a sovereign AI extension to its Domino platform
Users of the HCL Domino platform leverage powerful AI to automate tasks, analyse data, and more, by choosing the models that their organization or trusted sources have built. With compliance measures such as the European AI Act aimed at shaping the development and use of artificial intelligence within the EU, Domino IQ enables organizations to have more fine-grained control over AI investments and, additionally, remove their reliance on foreign cloud-based services.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
6 minutes ago
- First Post
EU pushes for trade reset as China's Xi urges ‘proper handling' of disputes, strategic choices
At a shortened summit in Beijing, Xi Jinping urged the EU to manage trade frictions and warned against 'building walls', as leaders clashed over tariffs, Ukraine, and industrial overcapacity, but pledged to cooperate on climate action read more Chinese President Xi Jinping shakes hands with European Council President Antonio Costa and European Commission President Ursula von der Leyen at the Great Hall of the People in Beijing, China. Reuters Chinese President Xi Jinping urged top European Union officials on Thursday to 'properly handle differences and frictions' as he criticised Brussels's recent trade actions against Beijing at a tense summit dominated by concerns on trade and the Ukraine war. Expectations were low for the summit in the Chinese capital marking 50 years of diplomatic ties after weeks of escalating tension and wrangling that led to the duration being abruptly halved to a single day at Beijing's request. STORY CONTINUES BELOW THIS AD 'The current challenges facing Europe do not come from China,' Xi told visiting European Commission President Ursula von der Leyen and European Council President Antonio Costa, state news agency Xinhua said. He urged the EU to 'adhere to open cooperation and properly handle differences and frictions', after von der Leyen earlier called for a rebalancing of trade ties with the world's second largest economy, saying relations were at an 'inflection point'. 'Improving competitiveness cannot rely on 'building walls and fortresses',' Xi added, according to Xinhua. ''Decoupling and breaking chains' will only result in isolation.' 'It is hoped that the European side will keep the trade and investment market open and refrain from using restrictive economic and trade tools,' Xi said. EU trade actions in the past year have targeted Chinese exports of electric vehicles among other goods, and its officials have repeatedly complained about Chinese industrial overcapacity. Xi also warned EU leaders to 'make correct strategic choices', in a further veiled criticism of Brussels' recent hawkish stance on China. 'As our cooperation has deepened, so have imbalances,' von der Leyen told Xi during their meeting in Beijing's Great Hall of the People, according to a pool report. STORY CONTINUES BELOW THIS AD 'We have reached an inflection point,' she added, urging China to 'come forward with real solutions'. She was referring to the EU's trade deficit with China, which ballooned to a historic 305.8 billion euros ($360 billion) last year. 'We think increasing market access for European companies in China, limiting the external impact of involution, and reducing export controls are important steps forward,' von der Leyen told Premier Li Qiang later, according to a pool report. She described her meeting with Xi as 'excellent'. The two sides also issued a joint statement on climate, reiterating their commitment to new climate action plans across the whole economy. They will boost cooperation in areas such as energy transition, adaptation, methane emissions management and control, carbon markets and green and low-carbon technologies, the joint statement said. 'Lack of impetus' At the start of US President Donald Trump's second term, both sides had more of a consensus in working together to tackle trade challenges from the United States, said Cui Hongjian, a foreign policy professor at Beijing Foreign Studies University. STORY CONTINUES BELOW THIS AD 'Recently the situation has changed,' Cui said. 'The EU has continued to compromise with the United States, which means that there is currently a lack of impetus for EU-China ties to become closer.' After intense negotiations, the EU is likely to seal a trade deal with the United States for a broad tariff of 15% on its exports, down from 30% threatened by President Donald Trump. On Thursday, Costa said the EU officials discussed 'at length' their expectations for China to discourage Russia in its war against Ukraine. 'We call on China to use its influence on Russia to respect the United Nations charter and to bring an end of its war of aggression,' Costa told Xi earlier. The run-up to the summit saw tit-for-tat trade disputes and hawkish European rhetoric, such as a July 8 accusation by von der Leyen that China was flooding global markets as a result of its overcapacity and 'enabling Russia's war economy'. STORY CONTINUES BELOW THIS AD In a posting on X, however, she struck a more conciliatory tone on Thursday, saying the summit offered an opportunity to 'both advance and rebalance our relationship'. Topics the Europeans were expected to raise in the talks are electric vehicles and China's rare earth export controls that disrupted supply chains worldwide, causing temporary stoppages in European automotive production lines in May. But China's exports of rare earth magnets to the EU surged in June by 245% from May, to stand at 1,364 metric tons, though that was still 35% lower than the year-earlier figure, customs data showed. On Thursday, China's foreign ministry defended the rare earths curbs as being 'in line with international practice', while pledging stronger dialogue and cooperation with relevant countries and regions in the field of export controls.
Time of India
31 minutes ago
- Time of India
Trump issues tariff ultimatum — if no deal by August 1, these countries will feel the heat
Deals already made: Japan, Philippines, Indonesia Live Events EU could be next – But there's tension Trump wants global tariff policy Brazil Could Suffer Big Losses South Korea exploring Japan-like deal FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel U.S. President Donald Trump has raised the minimum US tariff rate from 10% to a new range of 15% to 50%, depending on how friendly the US is with a country, says Trump at the AI summit, Washington gave countries a deadline of August 1 to make trade deals — or else they could face high tariffs, especially those the US 'hasn't been getting along with', according to the report by Yahoo made a deal with the US this week – US will apply a 15% tariff on Japanese goods, and Japan will invest $550 billion in the US, announced on Tuesday. The Philippines also reached a deal – US will charge a 19% tariff on imports from the Philippines, but the Philippines will not charge US exports deal confirmed too – US will charge 19% on Indonesian goods, and a high 40% tariff on any goods rerouted through Indonesia. Good news for US exporters: 99% of US imports to Indonesia will face no tax, as stated by Yahoo per the Financial Express report, talks with the European Union are progressing toward a deal like Japan's — with 15% tariffs instead of the threatened 30%. But the EU is ready to fight back: If no deal is reached by August 1, the EU will hit back with 30% tariffs on over $100 billion of US goods, including Boeing aircraft, US cars, and bourbon this month, Trump said 150+ countries would get letters telling them their tariffs would be 10% or 15%. Commerce Secretary Howard Lutnick told CBS News that many small countries, especially from Latin America, the Caribbean, and Africa, would likely face the lower 10% rate, as per the Bloomberg may face a harsh 50% tariff on all its products — and it's already causing panic. The US buys 42% of Brazil's orange juice exports, which is worth $1.31 billion — but with 50% tariffs, farmers may let fruit rot because it won't be worth the cost to harvest, according to the Reuters prices in Brazil have already fallen by nearly half this month — showing how Trump's policies are already shaking global markets, even before the tariffs start, Cepea index, University of São Paulo, according to the report by Yahoo Korea and the US are discussing a 15% tariff deal, possibly in exchange for a big investment pledge, like Japan did. Talks are delayed for now, because US Treasury Secretary Scott Bessent had a schedule issue, as per the Korean Finance Ministry. The deal may include South Korea buying more US products, like Boeing planes and farm goods, similar to Japan's pact, as per the Bloomberg has raised US tariffs to 15%-50% and wants trade deals signed before August 1. Countries like Japan, Philippines, and Indonesia already made deals. EU, Brazil, South Korea, and others are under pressure. If no deal is made, huge tariffs will hit global trade, and some industries are already feeling the Trump has set August 1 as the deadline for countries to sign trade deals or face 15% to 50% US far, Japan, the Philippines, and Indonesia have signed trade deals to avoid higher US tariffs.
New Indian Express
36 minutes ago
- New Indian Express
EU turns up pressure with Trump trade deal 'in reach'
BRUSSELS: With the contours of a hard-fought EU-US trade deal taking shape, the European Union is flexing its muscles in a bid to squeeze concessions from US President Donald Trump in the run-up to his deadline of August 1. Brussels and Washington appear to be inching towards a deal with a baseline 15-percent US levy on EU goods, and potential carve-outs for critical sectors, multiple diplomats told AFP. The EU's 27 countries have largely let the European Commission focus on seeking a deal to avoid hefty US tariffs -- as Trump repeatedly upped the stakes, finally threatening them with 30-percent levies without an accord by month's end. But since the US leader's latest ultimatum, the tone has hardened from key EU capitals Paris and Berlin: they say it is time for Brussels to show its mettle and willingness to respond forcefully if needed. Reflecting the toughened stance, EU states Thursday backed a package of retaliation on 93 billion euros ($109 billion) of US goods -- to kick in from August 7 if talks fall short. The counter-tariffs are "intended to support negotiations, not escalate tensions", an EU diplomat emphasised. Economist Eric Dor said the EU would be "capitulating" by accepting a 15-percent baseline. He warned it would harm businesses with profit margins too small to absorb the tariff hike, and drive relocations to the United States. Most states prefer a deal to no deal -- even with undesirable levies of 15 percent -- but exemptions are key, with aircraft, steel, lumber, pharmaceutical products and agricultural goods under discussion, diplomats said.
