Global Financial Moves: From AI Mergers to Minerals Stockpiles

British finance minister Rachel Reeves calls for unified UK-EU economic strategies, criticizing Trump's policies. Laing O'Rourke faces a hefty fine over One Hyde Park defects. Elon Musk's SpaceX acquires xAI to bolster his AI ventures. The U.S. plans a $12 billion minerals stockpile to counter China's influence.

In a significant geopolitical stance, British finance minister Rachel Reeves has urged Britain and the EU to present a united front on economic and trade issues. This call comes amidst criticism of the disruptions caused by former U.S. President Donald Trump's policies.

Meanwhile, the elite residence One Hyde Park has become the center of a legal victory, as Laing O'Rourke, a major construction firm, was compelled to pay £35 million for rectifying construction faults.

On the industrial front, Elon Musk's SpaceX has made waves by acquiring xAI in a blockbuster $250 billion deal that aims to integrate AI and space ventures. Simultaneously, the U.S. is bolstering its strategic resources by establishing a $12 billion critical minerals stockpile to reduce dependency on China.

(With inputs from agencies.)