EU’s economic security strategy unveils plan to ban European companies from producing sensitive tech in China. On June 21, the European Union (EU) has unveiled its intentions to prohibit European companies from manufacturing sensitive technologies, including supercomputers, artificial intelligence, and advanced microchips, in countries such as China. The European Economic Security Strategy, presented by Commission President […]
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BRUSSELS, BELGIUM: The European Parliament has taken a significant step towards regulating artificial intelligence (AI) products with the passage of the first draft of the EU AI Act regulations. The proposed law aims to ensure a safe development and application of AI systems, all while ensuring they respect international human rights laws. The EU’s initiative sets […]
Yesterday it was announced that 22 renewable energy plants will be built in Europe, generating 2.2 gigawatts. This will serve a million households. To achieve the same wattage with legacy power generation would take 1.4 billion tonnes of burning coal. But if you have a picture in your head of a coal mountain when you […]
As the world becomes increasingly complex and interconnected, it’s impossible to ignore the role that private companies and investors play in shaping military power and geopolitical influence. While governments and militaries have traditionally been at the forefront of defense and security, the power of private investments in these areas should not be underestimated. Private companies, […]
The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of U.S. crypto exchange Coinbase Global Inc, Brian Armstrong, said on Tuesday. The failure last year of the Bahamas-based FTX exchange has highlighted the importance of major economies developing clear crypto […]
TikTok issues have been the talk of the world lately, especially data privacy and children’s rights violations. Lately, numerous countries are banning TikTok citing security concerns. It comes down to two main reasons: data privacy and the lack of protection for children and minors. The application has 1.534 billion users out of which 1 billion […]
The United States and the European Union need to produce clear results next month from their forum on trade and technology and forge closer ties on green products and technology, European Trade Commissioner Valdis Dombrovskis said on Wednesday. Sweden will host a fourth ministerial-level meeting of the Trade and Technology Council (TTC) on May 30-31, […]
European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are not bailed out by taxpayers but “bailed in” using their own resources, EU documents seen by Reuters showed. The draft plans would have a requirement for EU authorities, including the European Central Bank, to give an […]
Italy’s move to temporarily ban ChatGPT has inspired other European countries to study if harsher measures are needed to rein in the wildly popular chatbots and whether to coordinate such actions. While European parliamentarians disagree over the content and reach of the EU AI Act, some regulators are finding that existing tools, such as the […]
The U.S. dollar fell to a 1-week low against the euro on Thursday as German inflation data helped lift the common currency and as concerns over the banking sector receded. Inflation eased significantly in Germany in March on the back of lower energy prices but was above forecasts, adding pressure on the European Central Bank […]