Biden Administration issues first CFIUS Veto prohibiting the acquisition by a Chinese owned cryptocurrency company of a real estate, and the operation of a cryptocurrency mining facility, in close proximity to ICBM base

Biden Administration issues first CFIUS Veto prohibiting the acquisition by a Chinese owned cryptocurrency company of a real estate, and the operation of a cryptocurrency mining facility, in close proximity to ICBM base

https://home.treasury.gov/news/press-releases/jy2335 https://www.whitehouse.gov/briefing-room/presidential-actions/2024/05/13/order-regarding-the-acquisition-of-certain-real-property-of-cheyenne-leads-by-mineone-cloud-computing-investment-i-l-p The Biden administration has issued its first veto under the Committee on Foreign Investment in the United States (CFIUS) powers. This marks the eighth presidential veto in nearly half a century of CFIUS history, with seven of these related to national security concerns involving Chinese investors. This decision reflects heightened vigilance by Western
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Quantum Finance: a paper by Cassa Depositi e Prestiti

https://www.cdp.it/resources/cms/documents/CDP_Studio_Quantum_Finance.pdf Quantum Finance: Current Possibilities and Future Prospects Introduction to Quantum Computing Quantum Computing leverages the principles of quantum mechanics to achieve computational advantages over classical systems. This emerging technology holds the potential to solve complex problems exponentially faster, benefiting from advancements in hardware, such as physical qubits and quantum circuits, and algorithms for prime
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Cognitive failure of international facts

The ‘cognitive failure of international facts‘ refers to a number of factors that can prevent politicians, analysts and observers from correctly understanding international events and making informed decisions. These factors includeCognitive biases: personal beliefs, experiences and prejudices can influence the perception of situations and lead to errors in assessment. In different words human error can
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EU Agrees to Fund Ukraine’s Defense with Profits from Frozen Russian Assets

The Member States of the European Union have agreed to use approximately €3 billion in profits from Russia’s frozen assets to buy weapons for Ukraine. This agreement involves profits from Belgium’s central securities depository Euroclear, which holds about €190 billion in Russian central bank assets. The funds will be transferred biannually to the EU, starting
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EU’s Strategic Response to Geopolitical Challenges Affecting the Single Market

EU’s Strategic Response to Geopolitical Challenges Affecting the Single Market

Versailles Declaration (March 2022): Marked a major turning point in EU policy, emphasizing the need for greater European sovereignty and resilience in the face of global challenges.Granada Declaration (October 2023): Builds on the foundations laid by the Versailles Declaration and further outlines strategic directions, particularly in areas such as trade, critical raw materials, semiconductors, and
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The First United Nations General Assembly Resolution on Artificial Intelligence

The First United Nations General Assembly Resolution on Artificial Intelligence

On 21 March 2024, the UN General Assembly passed its resolution on Artificial Intelligence (AI), marking a significant, albeit subtle, move in the global discourse on AI regulation. This action follows a series of resolutions from late 2023 addressing technological advancements within the UN’s sustainability objectives, yet none had singularly focused on AI. Despite the
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Annulment of EU Sanctions Against Nikita Mazepin: The Limits of Associative Criteria

Annulment of EU Sanctions Against Nikita Mazepin: The Limits of Associative Criteria

Judgment of the General Court in Case T-743/22 | Mazepin v Council In March 2022, the European Union imposed restrictive measures on Mr. Nikita Mazepin as part of their response to the Russian aggression against Ukraine. These measures included freezing his funds and banning him from entering EU Member States, based on his association with
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Provisions Regarding Access to Americans’ Bulk Sensitive Personal Data and Government-Related Data by Countries of Concern

https://www.federalregister.gov/documents/2024/03/05/2024-04594/national-security-division-provisions-regarding-access-to-americans-bulk-sensitive-personal-data-and The Executive Order issued on February 28, 2024, titled “Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern,” mandates that the Attorney General develop regulations that limit or prohibit U.S. persons from participating in any transactions that involve property in which a foreign country or its
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Recommendation on the security and resilience of submarine cable infrastructures

Recommendation on the security and resilience of submarine cable infrastructures

The Recommendation on the security and resilience of submarine cable infrastructures presents a set of actions at national and EU level aimed at improving submarine cable security and resilience, through a better coordination across the EU, both in terms of governance and funding. https://digital-strategy.ec.europa.eu/en/library/recommendation-security-and-resilience-submarine-cable-infrastructures

EU invests €216 million to promote semiconductor research and innovation

The Semiconductor Joint Undertaking (Chips JU) has announced today the initiation of calls for proposals amounting to €216 million to bolster research and innovation endeavors in the domains of semiconductors, microelectronics, and photonics. This declaration comes subsequent to the inaugural round of calls for pioneering pilot lines, disclosed in November 2023, which secured €1.67 billion
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Enhancements in the cooperation on cybersecurity between EU and United States

Enhancements in the cooperation on cybersecurity between EU and United States

The European Union and the United States have jointly advanced efforts to enhance their shared cyber resilience and promote a secure global digital environment. https://digital-strategy.ec.europa.eu/en/news/eu-and-united-states-enhance-cooperation-cybersecurity https://digital-strategy.ec.europa.eu/en/news/eu-and-united-states-hold-cyber-dialogue-brussels

First EU-wide cybersecurity certification scheme to make European digital space safer

The Commission has approved the European cybersecurity certification scheme, aligning with the EU Cybersecurity Act. This scheme establishes comprehensive regulations and procedures applicable throughout the Union for certifying ICT products across their lifecycle, thereby enhancing their reliability for users. It marks the introduction of the first EU-wide cybersecurity certification scheme aimed at enhancing the safety
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Commission proposes new initiatives to strengthen economic security

https://ec.europa.eu/commission/presscorner/detail/en/ip_24_363 The European Commission has launched five key measures to bolster the EU’s economic resilience amid escalating geopolitical tensions and significant technological changes. These measures are designed to safeguard the EU’s economic interests while maintaining the openness of its trade, investment, and research sectors, aligning with the European Economic Security Strategy outlined in June 2023.
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The UN Secretary-General’s AI Advisory Body has launched its Interim Report: Governing AI for Humanity

The UN Secretary-General’s AI Advisory Body has launched its Interim Report: Governing AI for Humanity

The UN Secretary-General’s Advisory Panel on Artificial Intelligence has released a preliminary report entitled “Managing AI for Humanity”. The report recommends better coordination between global standards and the development and implementation of artificial intelligence. At the heart of the report is a plan to improve global governance of AI. This includes seven key tasks, such
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EU General Court Clarifies: Sanctions Allow Russian Citizens with Private Pilot Licenses to Fly in the EU

The General Court of the European Union has ruled that the EU’s restrictive measures against Russia, initiated due to the annexation of Crimea and actions in eastern Ukraine, and intensified following the 2022 attack on Ukraine, do not extend to Russian citizens holding private pilot licenses from flying within the EU. The sanctions specifically prohibit
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EU General Court Upholds Sanctions Against Roman Abramovich, Affirming Legality and Proportionality

The General Court of the European Union dismissed the legal challenge by Mr. Roman Arkadyevich Abramovich against the EU’s restrictive measures imposed on him following Russia’s attack on Ukraine in February 2022. Abramovich, a prominent businessman with Russian, Israeli, and Portuguese nationalities, and a major stakeholder in Evraz, a key player in Russia’s steel and
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The false dichotomy often perceived between the humanities and the sciences.

The false dichotomy often perceived between the humanities and the sciences.

This reflection addresses the perceived divide between scientific and humanistic knowledge and argues against the notion that these fields are fundamentally opposed. The text suggests that both the humanities and the sciences are creations of the human mind and, as such, require a blend of technical expertise and abstract thinking. The classical scholar is portrayed
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Artificial Intelligence Act: deal on comprehensive rules for trustworthy AI

Artificial Intelligence Act: deal on comprehensive rules for trustworthy AI

The European Parliament and the Council have reached a preliminary agreement on the Artificial Intelligence Act, a crucial step towards ensuring that AI in Europe meets safety and ethical standards while fostering business growth. The agreement aims to protect fundamental rights, democracy and environmental sustainability from high-risk AI threats. The law bans AI applications that
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European Declaration on Quantum Technologies

European Declaration on Quantum Technologies

The signatory Member States recognise the strategic importance of quantum technologies for the scientific and industrial competitiveness of the EU and commit to collaborating on the development of a world-class quantum technology ecosystem across Europe, with the ultimate aim of making Europe the ‘quantum valley’ of the world, the leading region globally for quantum excellence
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The future of the internet in China

The future of the internet in China

An interesting report by Merics The current state and future trajectory of Internet technology worldwide is at a critical juncture. It’s uncertain whether the Internet will continue to expand its connectivity smoothly to an ever-growing number of people and devices, or whether it will fragment into numerous disconnected digital and physical domains and technologies. China
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Material or financial support to Russian decision-makers responsible for the annexation of Crimea and the destabilization of Ukraine (German Khan)

General Court, November 29, 2023 In Case T-333/22, German Khan, residing in London (United Kingdom), represented by T. Marembert and A. Bass, lawyers, against Council of the European Union, represented by J. Rurarz, S. Van Overmeire and V. Piessevaux, acting as Agents, https://curia.europa.eu/juris/document/document.jsf?text=&docid=280226&pageIndex=0&doclang=FR&mode=lst&dir=&occ=first&part=1&cid=3558609 The judgment of the General Court of the European Union concerns an
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FIIA event: The New Washington Consensus: Implications of U.S. Economic De-Risking from China – (Finnish Institute of International Affairs) FIIA event

FIIA event: The New Washington Consensus: Implications of U.S. Economic De-Risking from China – (Finnish Institute of International Affairs) FIIA event

I have the pleasure to be invited to a very interesting seminar on the implications of U.S. economic de-risking from China FIIA event. https://www.fiia.fi/en/event/the-new-washington-consensus-implications-of-u-s-economic-de-risking-from-china I am glad I attended the seminar The New Washington Consensus: Implications of U.S. Economic De-Risking from China by the Finnish Institute of International Affairs This seminar has focused on a major
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The strategy for Artificial Intelligence of the Court of Justice of the European Union

The strategy for Artificial Intelligence of the Court of Justice of the European Union

This document presents the strategy for Artificial Intelligence at the Court of Justice of the European Union. It begins with an introductory section that defines Artificial Intelligence, discusses various types, and provides a concise overview of the current situation. The document then moves on to outline a vision, supported by specific goals and objectives. It
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Third Annual Report on the screening of foreign direct investments into the Union

Third Annual Report on the screening of foreign direct investments into the Union

Brussels, 19.10.2023 COM(2023) 590 final This Report is the third Annual Report by the European Commission on the application of the EU Foreign Direct Investment (FDI) Screening Regulation1 (the “FDI Screening Regulation”, or the “Regulation”). The Report covers the year 2022 and provides transparency around the operation of FDI screening in the EU, and developments
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Iran: Council maintains restrictive measures under the non-proliferation sanctions regime after the JCPoA Transition Day

The Council decided to take the necessary steps to maintain restrictive measures under the EU non-proliferation regime against Iran. The Council assessed that there are valid reasons not to lift these restrictions on the snapshot date (18 October 2023), as originally provided for in the Joint Comprehensive Plan of Action (JCPoA). The Council’s decision is
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EU General Court Dismisses Venezuela’s Challenge to Restrictive Measures, Affirming Their Compliance with International Law

Judgment of the General Court in Case T-65/18 RENV | Venezuela v Council The General Court of the European Union has dismissed an action brought by Venezuela seeking to annul certain EU restrictive measures instituted in response to human rights, rule of law, and democracy concerns in the country. Initiated on 13 November 2017, these
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