Latest news with #Paris-based
Deccan Herald
5 hours ago
- Business
- Deccan Herald
India explores partners beyond US to build fighter jet engines
Talks with Safran SA also gathered momentum as the Paris-based aerospace company is open to transferring technology and sharing intellectual property rights, the people said.
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Business Standard
7 hours ago
- Business
- Business Standard
India searches for partners beyond US to build fighter jet engines
India is engaging with manufacturers from at least three other countries for jointly making fighter jet engines, expanding its defense partnerships beyond the US as it seeks to close capability gaps amid rising regional tensions, according to people familiar with the matter. The engines being considered are from the UK, France and Japan and India wants to start the project quickly, senior officials said, asking not to be named as discussions are private. The offers will be evaluated by the Defense Research and Development Organisation — India's military research body —they added. The London-based defense manufacturing giant Rolls-Royce Holdings PLC offered to jointly produce and transfer technology to India during a visit by senior defense ministry officials to the UK in April, according to one of the officials. Talks with Safran SA also gathered momentum as the Paris-based aerospace company is open to transferring technology and sharing intellectual property rights, the people said. Japan made a similar offer in May, they said, without indicating a possible partner. India's Defence Minister Rajnath Singh held a bilateral meeting with his Japanese counterpart in New Delhi earlier this month, outlining potential areas of collaboration, including tank and aero engine development. India's Ministry of External Affairs, along with the defense ministries of both India and Japan, did not respond to requests for comment. The companies mentioned in the story also did not reply to queries. The engines will power India's twin-engine fighters that are under development, the people said, adding the Ministry of Defence will move to get government clearance soon. India has been seeking to modernize its air force through the purchase of jet fighters from overseas and bringing production to within its borders through joint projects with leading weapons makers from abroad. Earlier this week, India for the first time allowed domestic private firms to design and develop advanced warplanes to replace its aging, mostly Russian-made fleet. The South Asian nation has also been in talks with Boston-based General Electric since 2023 to jointly make GE F414 engines but the talks are taking longer than expected. India had imposed penalties on GE last year for severe delays in the delivery of engines that power the country's locally-made single-jet fighters. India's Air Force Chief AP Singh warned at an industry event Thursday that delays in procuring critical weapons pose a serious challenge to national defense readiness. 'Not for a single project that I can think of that been completed on time,' he said, emphasizing the need for India to design, develop, and produce weapons domestically in sufficient numbers. Joint manufacturing of jet engines with the US is part of a wider effort to deepen bilateral defense cooperation. India's decision to look beyond Washington for critical technologies should not be seen as a sign of strained ties with the US, but rather as evidence of its focus on securing reliable supply chains. Separately, Prime Minister Narendra Modi has been trying to ramp up domestic defense production to reduce the costs of imports and generate jobs at home.
Time of India
9 hours ago
- Business
- Time of India
India explores partners beyond US to build fighter jet engines
India is exploring joint fighter jet engine production with the UK, France, and Japan to bolster its defence capabilities amid regional tensions. This move aims to diversify partnerships beyond the US and secure critical supply chains. Discussions involve technology transfer and intellectual property sharing, aligning with India's push for domestic defence production and reduced import reliance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India is engaging with manufacturers from at least three other countries for jointly making fighter jet engines , expanding its defense partnerships beyond the US as it seeks to close capability gaps amid rising regional tensions, according to people familiar with the engines being considered are from the UK, France and Japan and India wants to start the project quickly, senior officials said, asking not to be named as discussions are private. The offers will be evaluated by the Defense Research and Development Organisation — India's military research body — they London-based defence manufacturing giant Rolls-Royce Holdings PLC offered to jointly produce and transfer technology to India during a visit by senior defense ministry officials to the UK in April, according to one of the with Safran SA also gathered momentum as the Paris-based aerospace company is open to transferring technology and sharing intellectual property rights, the people made a similar offer in May, they said, without indicating a possible Minister Rajnath Singh held a bilateral meeting with his Japanese counterpart in New Delhi earlier this month, outlining potential areas of collaboration, including tank and aero engine Ministry of External Affairs, along with the defence ministries of both India and Japan, did not respond to requests for comment. The companies mentioned in the story also did not reply to engines will power India's twin-engine fighters that are under development, the people said, adding the Ministry of Defence will move to get government clearance has been seeking to modernise its air force through the purchase of jet fighters from overseas and bringing production to within its borders through joint projects with leading weapons makers from this week, India for the first time allowed domestic private firms to design and develop advanced warplanes to replace its aging, mostly Russian-made South Asian nation has also been in talks with Boston-based General Electric since 2023 to jointly make GE F414 engines but the talks are taking longer than expected. India had imposed penalties on GE last year for severe delays in the delivery of engines that power the country's locally-made single-jet Air Force Chief AP Singh warned at an industry event Thursday that delays in procuring critical weapons pose a serious challenge to national defence readiness. 'Not for a single project that I can think of that been completed on time,' he said, emphasising the need for India to design, develop, and produce weapons domestically in sufficient push to manufacture jet engines reflects its broader effort to secure the supply chain for critical defence equipment — a major takeaway of the military from the war in Ukraine which is on its third manufacturing of jet engines with the US is part of a wider effort to deepen bilateral defence cooperation. India's decision to look beyond Washington for critical technologies should not be seen as a sign of strained ties with the US, but rather as evidence of its focus on securing reliable supply Prime Minister Narendra Modi has been trying to ramp up domestic defense production to reduce the costs of imports and generate jobs at is the world's largest importer of arms, according to data from the Stockholm International Peace Research Institute, adding it has looked increasingly to purchase weapons from makers in the US and France.
Yahoo
12 hours ago
- Business
- Yahoo
Asia Morning Briefing: Cooling BTC Pushing Up Altcoin Volumes
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Bitcoin (BTC) is trading above $105K as Asia begins its business day, down 1%. In a note, Paris-based digital assets trading firm Flowdesk wrote that the world's largest digital asset was moving into a tactical posture with price consolidation. "As BTC consolidates near all-time highs, altcoin volumes and liquidity have seen a continued meaningful shift upwards," Flowdesk wrote. Flowdesk notes that Bitcoin's volatility continues to decline despite looming macroeconomic events that typically shake up markets. With BTC consolidating near its all-time high, there's a noticeable rise in call overwriting, Flowdesk observed, as traders seek to monetize potential upside without giving up core bitcoin exposure. "The altcoin rotation continues, ETF inflows are back, and vol positioning reflects a transition to more tactical, yield-generating strategies," Flowdesk concluded. Meanwhile, CoinDesk's Market Insight bot reported that BTC faces downside risks after hitting strong resistance near $108.8K, but ongoing institutional interest may provide support. Unknown block type "articleLink", specify a component for it in the ` option U.S. House Republicans officially introduced the Digital Asset Market Clarity Act, CoinDesk reported Thursday U.S. time, their latest push to regulate crypto markets. This 236-page bill, a successor to the earlier FIT21 Act, gives the Commodity Futures Trading Commission primary oversight of digital commodity markets, establishes clear guidelines for crypto exchanges, and exempts certain decentralized finance (DeFi) services from Securities and Exchange Commission (SEC) oversight. Flowing parallel to this, the Senate remains focused on separate bipartisan stablecoin legislation, which is further along procedurally but faces ongoing debate. With committee hearings scheduled for next week, lawmakers will publicly discuss the new House bill, setting the stage for negotiations that could shape U.S. crypto regulation this session. Hester Peirce, chief of the U.S. Securities and Exchange Commission's crypto task force, urged crypto investors at Bitcoin 2025 to take personal responsibility for their losses rather than seek government bailouts, CoinDesk reported Thursday from BTC Vegas. Peirce emphasized consistency among libertarian-minded crypto traders, arguing that those who demand freedom must also accept accountability for their financial outcomes, particularly when engaging in speculative ventures like memecoins. Peirce highlighted ongoing efforts under Republican leadership to clarify the SEC's jurisdiction, stating that most crypto tokens aren't securities and thus don't require SEC registration unless they are explicitly involved with securities. She remained neutral on companies holding digital assets on their balance sheets, provided proper disclosure. Despite the current strides in policymaking at the SEC, Peirce noted that establishing a federal crypto regulator for retail trading would necessitate clear legislative action from Congress. Blockchain Founders Fund (BFF), a Singapore-based venture capital firm focused on early-stage Web3 and blockchain startups, is set to announce Friday at Web Summit in Vancouver that it has surpassed 200 investments across more than 160 companies. Founded in 2018, the firm is known for supporting projects such as Shardeum, an Ethereum-compatible blockchain platform utilizing dynamic state sharding, and Validation Cloud, an infrastructure company merging traditional enterprises with blockchain and AI technologies. The fund announced in October that it had hit the 150 mark for investments. BTC: Bitcoin is trading at $105,713 as Asia begins its business day, having fluctuated between $105,682 and $108,927 over the last 24 hours, encountering resistance near the upper range and signaling potential bearish momentum. ETH: Ethereum is up 6%, peaking at $2,784 before stabilizing near $2,650, as strong trading volumes and institutional optimism outweigh broader economic uncertainties. Gold: Gold is up 0.4%, trading at $3,311, as the U.S. economy shrunk 0.2% on weaker spending, tariff impacts. Nikei 225: Japan's Nikkei 225 dropped 1.55% as Asia-Pacific markets fell Friday amid U.S. economic slowdown, inflation concerns S&P 500: The S&P 500 closed up 0.4% at 5,912.17 Thursday, boosted by Nvidia but restrained by investor caution amid developments surrounding Trump's "reciprocal" tariffs. SEC Files to Dismiss Long-Running Lawsuit Against Binance (CoinDesk) 'Most-Hated L1': Arthur Hayes Thinks Ethereum Could Double in Price This Year (Decrypt) Tokenized equities will be 'bigger than stablecoins': Backed CEO (Blockworks) Inside the $400 million Coinbase breach: An Indian call center and teenage hackers (Fortune) Russia Says Financial Institutions Can Offer Crypto-Linked Instruments to Qualified Investors (CoinDesk) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CairoScene
12 hours ago
- Entertainment
- CairoScene
Wewantsounds Label Reissues Les Abrains' Coveted 1983 ‘Album No 1' LP
An underground staple of Algerian-Kabyle rock, Les Abrains' cult 1983 LP gets its first-ever reissue. May 30, 2025 Paris-based record label Wewantsounds has reissued a rare private press of Les Abrains' highly sought-after 1983 LP 'Album No. 1' for the first time ever. Formed in France in the late 1960s by two young Algerian Kabyle workers, Shamy El Vaz and Karim Abdenour, Les Abrains is one of the pioneers of the Amazigh freedom rock sound in the late 70s to early 80s. Their unique blend of early psych-rock with Kabyle rock, funk and reggae has positioned them as one of the most influential figures in the North African music scene and beyond. Curated by Cheb Gero, who recently compiled the Sweet Rebels Rai set for Wewantsounds, 'Album No.1' (also known as Id Ed Was) showcases a masterful range of various sounds imbued with the Kabyle rock soul, from the reggae-infused cult classic 'Avehri' to the funk-driven 'Achethkhi' and the irresistibly groovy instrumental 'Thadoukli'. Originally recorded in Paris, the record was initially self-released and distributed exclusively within the Kabyle and Algerian communities in France and the Maghreb. Wewantsounds Records reissued the album with remastered audio by Colorsound Studio in Paris, the original artwork, and a two-page insert with new liner notes –in French and English–by the acclaimed Algerian journalist Rabah Mezouane. This also comes as part of the label's program dedicated to reissuing rare old gems from the Algerian music scene.
