China’s open-source AI is a catalyst for global progress and that Chinese AI models are “world-class”, Nvidia’s CEO Jensen Huang said in a speech at the China International Supply Chain Expo’s opening ceremony. Huang has also said he expects to get the first batch of US export licenses soon, so Nvidia can resume shipments of its H20 AI chips to China, while underlining the importance of US access to the Chinese market. In France, Prime Minister Francois Bayrou proposed scrapping two national holidays, part of a drastic effort to repair public finances that’s set to unleash a parliamentary backlash in the fall. The premier put forward the plans as he unveiled an array of measures amounting to €43.8 billion ($50.9 billion) to pare back the largest deficit in the euro area. Other moves include a new tax on the highest earners, a freeze in pension and welfare payments at 2025 levels, and possible sales of the state’s stakes in companies. Bayrou said the country is addicted to public spending and in “mortal danger,” with debt increasing by €5,000 every second and interest costs on track to hit €100 billion per year in 2029 if nothing is done.
Today’s guests: Karim Chedid, BlackRock Head of EMEA Investment Strategy, Odile Renaud-Basso, European Bank for Reconstruction and Development President, Fabio Lisanti, Citi European Markets Head, Luigi Lovaglio, Banca Monte dei Paschi di Siena CEO.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:00:53 – Trump Says Drug Tariffs Probable by Aug. 1
00:03:02 – Karim Chedid, BlackRock Head of EMEA Investment Strategy
00:08:13 – French Prime Minister Plans to Scrap Two Public Holidays
00:15:02 – Wells Fargo Lowers NII Guidance
00:19:13 – Odile Renaud-Basso, European Bank for Reconstruction and Development President
00:20:56 – EBRD Strengthens Ukraine Support
00:24:47 – Nvidia Hopes for China Export Licenses Soon
00:30:13 – Fabio Lisanti, Citi European Markets Head
00:30:45 – Sluggish French Growth
00:35:44 – UK Chancellor Rachel Reeves to Overhaul Ring-Fence Rules
00:40:42 – Luigi Lovaglio, Banca Monte dei Paschi di Siena CEO
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