Nintendo said it expects to sell 15 million units of the Switch 2 in the fiscal year ending March 2026. The new console is due to go on sale in June.
➡️ Revenue and profit plunged in the fourth quarter, the Japanese video game company said, although this was largely expected as Nintendo fans await the Switch 2 launch.
➡️ The Switch 2 will start at $449.99 in the U.S. and has improved features compared with its predecessor.
Read more here: cnb.cx/4iUwPdk
Are you planning to buy the Nintendo Switch 2 when it drops this June?
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Airbus and over 90 other European companies and lobby groups have called on the European Commission to create a sovereign infrastructure fund to boost public investment and bolster the region’s autonomy in the tech sector.
:arrow_right: In a March 14 letter addressed to European Commission President Ursula von der Leyen and Executive Vice President Henna Virkkunen, the signatories stressed the need for Europe’s technological self-reliance as it confronts a “stark reality” following “developments in U.S./EU relations.”
:arrow_right: “Building strategic autonomy in key sectors is now a recognised urgent imperative across Europe,” the letter from Airbus, Dassault Systemes and others said.
Read more here: cnb.cx/4hFYQ7u
Should European companies be required to prioritize EU-made tech?
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The global trade war triggered by U.S. President Donald Trump shows no sign of abating, with tit-for-tat tariffs hammering major economies, tanking stock markets and dimming growth prospects.
➡️ Direct impact from tariffs, like the U.S. levies on steel and aluminum imports, have a minimal impact on the Middle East, economists say. The Gulf region, for instance, accounted for roughly 16% of U.S. aluminum imports in 2024.
➡️ There are also immediate costs to countries whose currencies are pegged to the dollar – Saudi Arabia, the UAE, Qatar, Oman, and Bahrain.
Read more here: cnb.cx/4kqSiMV
How safe is the Middle East from the global trade war?
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Greenlanders are heading to the polls on Tuesday (11 Mar) in a pivotal parliamentary election, shaped by the perennial debate over independence from overseer Denmark — and by U.S. President Donald Trump’s ambitions to get hold of the island “one way or the other.”
➡️ Copenhagen has repeatedly insisted that Greenland is “not for sale” and that it will remain a part of its kingdom, yet it’s wary of the momentum behind independence and has been quiet ahead of the election, wary of appearing to dictate how islanders should vote.
➡️ Four of the Arctic island’s six main political parties support independence from Denmark, but they don’t want to be a part of the U.S. either.
Read more here: cnb.cx/3R0O1C8
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European allies put on a united front over the weekend, as they scrambled to both bolster support for a flagging Ukraine and to build bridges between Kyiv and Washington after a blistering spat at the White House.
➡️ European leaders met in London for a hastily convened summit on Sunday, looking to come up with proposals that would keep Europe in the midst of any future peace talks.
➡️ British Prime Minister Keir Starmer said after the gathering on Sunday that a “number” of allies had signed up to a “coalition of the willing” that was ready to commit peacekeeping troops to Ukraine in the event of a peace deal.
Read more here: cnb.cx/4h8L25n
Can Europe successfully mediate peace between Kyiv and the White House?
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Alibaba said that it has made its video generation artificial intelligence models free to use, further ramping up competition with rivals like OpenAI.
➡️ The Chinese giant said it is open sourcing four models that are part of its Wan2.1 series, the latest version of the company’s foundational AI model that can generate images and video from text and image inputs.
➡️ Chinese firms in particular have been pushing forward with open source models, Alibaba’s and DeepSeek’s now among the most popular used globally.
Read more here: cnb.cx/41zhBVH
Would you use Alibaba’s free AI video tool?
41 - 11
Ukraine and the United States reached an agreement over access to Kyiv’s deposits of rare earth minerals, according to reports.
➡️ The draft deal envisages that the two countries will jointly develop Ukraine’s mineral resources, including oil and gas, and sees the U.S. drop demands for a right to $500 billion in potential revenue from the agreement, according to the Financial Times.
➡️ It’s unclear how much mineral wealth lies within Ukraine.
Find out more here: cnb.cx/3XcWiq3
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CNBC Pro Talks goes LIVE from London Business School this Wednesday, March 27 at 11:30 a.m. (GMT) streaming exclusively on CNBC Pro.
Join CNBC’s Stephen Sedgwick as he asks UBS’ Gerry Fowler and Sanlam Investments UK’s Hannah Gooch-Peters about U.S. vs. European equities, whether a hard landing is still in the cards, when interest rates will finally fall — and more.
You won’t want to miss it.
Not a Pro? Subscribe now: cnb.cx/3VrFHyJ
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The Ukraine war could mark the most dangerous moment since the Cuban missile crisis, Israeli historian and bestselling author @YuvalNoahHararitold CNBC. Watch the full interview here. cnb.cx/3K1ETHw watch video on watch page
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What is the SWIFT system, and what does it mean for Russia? CNBC's Will Koulouris explains. watch video on watch page
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