French tech company Capgemini says selling US subsidiary

PARIS, Feb 1 (Reuters) - French tech company Capgemini said ​on Sunday it was ‌selling its U.S. subsidiary Capgemini Government ‌Solutions.

Reuters

Capgemini has been under pressure in recent days to explain a contract it signed ⁠with U.S ‌immigration enforcement agency ICE, amid growing criticism of ‍ICE following weeks of protests against U.S. President Donald Trump's immigration crackdown.

Advertisement

"Capgemini ​considered that the usual legal ‌constraints imposed in the United States on contracting with federal entities conducting classified activities did not allow the Group ⁠to exercise appropriate ​control over ​certain aspects of this subsidiary's operations in order to ‍ensure alignment ⁠with the Group's objectives," it said in a ⁠statement.

(Reporting by Sybille de La Hamaide ‌and Betrand Boucey; Editing ‌by Alexander Smith)

French tech company Capgemini says selling US subsidiary

PARIS, Feb 1 (Reuters) - French tech company Capgemini said ​on Sunday it was ‌selling its U.S. subsidiary Capgemini Gove...
India's budget boosts infrastructure spending while vowing fiscal discipline

NEW DELHI (AP) — Prime Minister Narendra Modi's government presented its annual budget to Parliament on Sunday, focusing on sustaining the country's economic growth despitevolatilefinancial markets and trade uncertainty.

In a speech introducing the budget, Finance Minister Nirmala Sitharaman said the governments plans to boost investments in infrastructure and domestic manufacturing while sticking to fiscal prudence.

The budget for the 2026-27 financial year, which starts April 1, comes as major economies grapple with high interest rates,geopolitical tensionsand renewed protectionism that has weighed on global trade and capital flows.

India has so far withstood hightariffsimposed by the U.S., largely by frontloading some exports and diversifying shipments to new destinations.

The finance ministry's economic survey, which was released on Thursday ahead of the budget, forecast India's economy to grow between 6.8% and 7.2% in the next fiscal year buoyed by increasing domestic consumption.

Despite plans for higher spending in some areas, the government reiterated its commitment to fiscal consolidation, targeting a deficit of 4.3% of the GDP next year, down slightly from the 4.4% of GDP deficit the government is on track to achieve in the fiscal year ending inMarch.

Here are some key takeaways from the budget:

No populist giveaways, focus on structural reforms

Sitharaman offered no populist giveaways, saying New Delhi will focus on building resilience at home while positioning itself more firmly in the global supply chain.

Last year's budget wooed the salaried middle class with steep tax cuts after Modi secured a landslide victory in the national polls.

"India will continue to take confident steps towards Viksit Bharat (Developed India), balancing ambition with inclusion," Sitharaman said.

The focus will be on structural reforms, mainly in the manufacturing sector, while also stepping up investments in niche industries such as biopharma andartificial intelligence, she added.

Manufacturing and supply chain resilience

The budget call for the government's capital expenditure for the next fiscal year to reach 12.2 trillion rupees ($133 billion), mainly on infrastructure, up from 11.2 trillion rupees last year.

This comes at a time when many advanced economies are cutting back public investments due to high debt and tightened monetary policy. India will use state spending to prop up growth.

Sitharaman said the government will scale up manufacturing in seven strategic sectors including biopharma, semiconductors, electronics components and rare earth magnets. To reduce import dependency, three chemical production parks will be set up.

Recognizing global concerns over slowing job creation, especially in manufacturing, the budget announced additional credit support and a growth fund for micro, small and medium enterprises.

Financial market reforms aim to attract capital

Sitharaman outlined steps to deepen India's financial markets, including measures to strengthen the corporate bond market and ease certain rules for foreign investors.

With global capital increasingly selective amid higher interest rates in the West, emerging markets are competing for stable and long-term investment.

"I propose a comprehensive review of the Foreign Exchange Management (Non-debt Instruments) Rules to create a more contemporary, user-friendly framework for foreign investments, consistent with India's evolving economic priorities," Sitharaman said.

Budget promises rail development

Sitharaman said India plans to promote environmentally sustainable travel with seven high-speed rail corridors between key cities such as Mumbai-Pune, Hyderabad-Bengaluru, Pune-Hyderabad, and Chennai-Bengaluru.

For cargo movement, an unspecified number of new dedicated freight corridors will be set up and 20 new waterways operationalized over the next five years, she said.

Dedicated freight corridors will also be set up for rare earths to promote mining, processing, research and manufacturing.

In addition, she said that the government will develop ecologically sustainable mountain and coastal trails to promote ecological tourism.

India's budget boosts infrastructure spending while vowing fiscal discipline

NEW DELHI (AP) — Prime Minister Narendra Modi's government presented its annual budget to Parliament on Sunday, focus...
OPEC+ set to keep planned oil output pause for March as prices jump, sources say

By Olesya Astakhova and Ahmad Ghaddar

MOSCOW/LONDON, Feb 1 (Reuters) - OPEC+ is likely to keep its planned pause on oil output increases for March when it ​meets later on Sunday, three OPEC+ delegates told Reuters, even after crude prices ‌hit six-month highs on concern the U.S. could launch a military strike on OPEC member Iran.

The meeting of eight ‌OPEC+ members comes as Brent crude closed near $70 a barrel on Friday, close to a six-month high of $71.89 reached on Thursday, despite speculation that a supply glut in 2026 would push prices down.

The eight producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, ⁠Algeria and Oman - raised production ‌quotas by about 2.9 million barrels per day from April through December 2025, roughly 3% of global demand.

They then froze further planned increases ‍for January through March 2026 because of seasonally weaker consumption.

Sunday's meeting is due to start at 1330 GMT, two sources said. It is not expected to take any decisions for output policy beyond March, ​sources said on Friday.

OPEC+ includes the Organization of the Petroleum Exporting Countries, plus Russia ‌and other allies. The full OPEC+ pumps about half of the world's oil.

A separate OPEC+ panel called the Joint Ministerial Monitoring Committee is also scheduled to meet on Sunday, delegates said. The JMMC does not have decision-making authority on production policy.

U.S. President Donald Trump is weighing options against Iran that include targeted strikes on security forces and leaders ⁠to inspire protesters, multiple sources said on Thursday.

Washington has ​imposed extensive sanctions on Tehran to choke off ​its oil revenue, a crucial source of state funding.

Both the U.S. and Iran have since signalled willingness to engage in dialogue, but Tehran on ‍Friday said its defence ⁠capabilities should not be included in any talks.

Oil prices have also been supported by supply losses in Kazakhstan, where the oil sector has suffered a series of ⁠disruptions in recent months. Kazakhstan said on Wednesday it was restarting the huge Tengiz oilfield in stages.

(Reporting ‌by Olesya Astakhova in Moscow, Alex Lawler and Ahmad Ghaddar in London. Writing ‌by Alex Lawler, Editing by Alexander Smith)

OPEC+ set to keep planned oil output pause for March as prices jump, sources say

By Olesya Astakhova and Ahmad Ghaddar MOSCOW/LONDON, Feb 1 (Reuters) - OPEC+ is likely to keep its planned pause...
These nets used to catch fish. Now they're catching Russian drones

Nets once used to protect tulips in the Netherlands are getting a new lease of life – protecting Ukrainian soldiers and civilians fromRussian drones.

CNN Ukrainian soldiers cover the roads with fishing nets, donated by French fishermen and volunteer groups in Brittany, as a protection from drone attacks in Ukraine's Sumy region, November 7, 2025. - Felice Rosa/Hans Lucas/AFP/Getty Images

So are discarded fishing nets and all sorts of mesh that can stop a drone from hitting its target. Across Europe, farmers and fishermen are collecting such items in an effort to save lives thousands of miles away.

Russia's drones target the Ukrainian army's supply routes and rear bases, often threatening to cut off units on the front lines. But they alsostrike hospitals and civilian traffic.

One area frequently subject to drone attacks is the southern city of Kherson, and what the Ukrainians call the "roads of life" that connect it with the outside world – routes that are protected from Russian attacks as far as possible.

"On average, the Russians launch about 2,500 UAVs on our communities every week. As a result of these attacks, 120 people have died in the Kherson region this year," Oleksandr Tolokonnikov, deputy head of the Kherson Military Administration, told CNN in November.

The UN Human Rights Monitoring Mission in Ukraine said it verified that2,514 civilians were killedand 12,142 injured in conflict-related violence in 2025, many of them far from the front lines.

Over the past year, a growing number of nets have been strung up. Hospital courtyards, generators and shopping streets in the city are now protected. On open roads, poles are used to provide a canopy of netting.

"Work is now underway to reinforce roads – dozens of kilometers of routes are already protected by nets," Tolokonnikov said, explaining that a wide variety of nets have been tested for their durability.

"Thanks to a combination of measures and bold decisions, our military is now able to destroy 80-95% of the drones that the Russians launch at our communities."

Tulips and tuna

The nets are being trucked across Europe by a variety of volunteer groups. One of the largest – Life Guardians – is run by Klaas Pot in the Netherlands. His team has sent more than 8,000 tons of nets to Ukraine, he says, about half the total received.

Pot began by collecting nets to be used as camouflage for Ukrainian soldiers.

"I knew that these nets had more potential, because they were already starting to use them for anti-drone purposes," Pot told CNN.

"I know that, for instance, the road between Kherson and Mykolaiv is particularly dangerous and they have made a 'road of life' there," he said, adding that at least part of it is protected by the nets his team have collected.

Advertisement

Tulip nets are made from warp-knitted polyethylene and are lightweight and durable. Normally, they cover bulbs in the ground and are mechanically lifted to streamline harvesting. They can thwart small FPV (first-person view) drones and quadcopters, which are used in their thousands on and beyond the front lines.

Fishing nets are stronger than the tulip nets, Pot said, and so are used more often to protect tanks and artillery. Now, he explained, they are also being used to defend Ukraine's electricity infrastructure, which comes under Russian drone attack almost daily.

People visit a farmers' market set up in a street sealed off by anti-drone nets to safeguard from Russian drones in frontline Kherson, Ukraine, on November 11, 2025. - Ukrinform/Shutterstock

Other groups across Europe have joined in. Operation Change in Sweden collects nets that have gone unused by fishermen because of EU fishing quotas, sending some 400 tons of them to Ukraine to date. Norwegian Volunteer Aid has sent salmon-fishing nets that would normally be recycled after use. And in the United Kingdom, the groupPickups For Peacehas included fishing nets from Scottish ports such as Fraserburgh among its regular aid convoys to Ukraine.

During a visit to France in November, Ukrainian President Volodymyr Zelensky took time off from diplomacy to thank a group of French fishermen who are collecting old nets from deep-sea vessels fishing for tuna and other species.

The group, calledKernic Solidarités, has already sent heavy-duty horse-hair nets totaling 280 kilometers in length to Ukraine.

"You are people with big hearts," Zelensky told them. "I think you cannot even imagine how many lives have been saved thanks to your help."

The Ukrainian military is especially keen on more supplies of thicker fishing nets.

"There have been several cases where the guys caught (larger Russian) Lancet drones in them," according to Yuriy Andrusenko, of the 1020th anti-aircraft missile and artillery regiment.

A Russian drone targeting a car relatively far from the front line is caught in a net covering the road. - 11 Army Corps/Facebook

The Lancet can carry two or three kilograms of explosives and reaches speeds of up to 150 kilometers per hour (93 mph) when attacking.

"Fishing net will hold it, it simply stops it," Andrusenko told CNN.

As the stockpile of surplus nets in the Netherlands and Denmark is depleted, Pot is looking elsewhere to keep the pipeline going. "The project is far from finished, and we will be expanding throughout Europe," he said.

"All our partners have the same motivation, and that is to help Ukraine and to stand on the right side of history."

For more CNN news and newsletters create an account atCNN.com

These nets used to catch fish. Now they’re catching Russian drones

Nets once used to protect tulips in the Netherlands are getting a new lease of life – protecting Ukrainian soldiers and c...
French tech company Capgemini says selling US subsidiary

PARIS, Feb 1 (Reuters) - French tech company Capgemini said ​on Sunday it was ‌selling its U.S. subsidiary Capgemini Government ‌Solutions.

Capgemini has been under pressure in recent days to explain a contract it signed ⁠with U.S ‌immigration enforcement agency ICE, amid growing criticism of ‍ICE following weeks of protests against U.S. President Donald Trump's immigration crackdown.

"Capgemini ​considered that the usual legal ‌constraints imposed in the United States on contracting with federal entities conducting classified activities did not allow the Group ⁠to exercise appropriate ​control over ​certain aspects of this subsidiary's operations in order to ‍ensure alignment ⁠with the Group's objectives," it said in a ⁠statement.

(Reporting by Sybille de La Hamaide ‌and Betrand Boucey; Editing ‌by Alexander Smith)

French tech company Capgemini says selling US subsidiary

PARIS, Feb 1 (Reuters) - French tech company Capgemini said ​on Sunday it was ‌selling its U.S. subsidiary Capgemini Gove...

 

CR MAG © 2015 | Distributed By My Blogger Themes | Designed By Templateism.com