The European Union is following in the footsteps of China in the issuance of a digital currency that will monitor and exert control over commercial interactions of citizens there in unprecedented ways.
Tag: EU
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IRISH FACTORY OUTPUT SLIPS IN OCTOBER
Ireland’s factory output sank 0.7 percent in October, more than twice the 0.3-percent decline analysts had forecast.
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EUROPE STRIKES “DEAL” ON AI REGULATION—WITH GAPING HOLES
News that the EU had finalized the world’s first comprehensive set of Artificial Intelligence industry regulations was cast as a landmark by most mainstream media.
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EUROPEAN UNION AGREES ON STRUCTURE OF AI REGULATIONS
On 8 December, negotiators for the European Union (EU) and European parliament settled on a framework of rules to govern AI, including how to regulate platforms and governments’ use of AI in biometric surveillance.
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OH, AND THE UN TOO
Governments around the world are debating how to guide AI. China and the European Union have laid out sets of rules. In the U.S., the Biden administration has issued an executive order. Earlier this month, Britain hosted an AI “safety summit” to initiate discussion of what to do.
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TOP TREND 2022, DRAGFLATION: EU WRESTLES WITH HIGH PRICES, SLOW GROWTH
Inflation in the Eurozone is stuck at too high a level and wage growth is keeping upward pressure on prices, Christine Lagarde, president of the European Central Bank (ECB), said in a speech last week at the annual meeting of the International Monetary Fund in Morocco.
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EURO ATTACK ON AMERICAN SOCIAL MEDIA PROVES IT’S “WORLD-GOV” OR THE BILL OF RIGHTS: YOU CAN’T HAVE BOTH
Something's gotta give. New EU regulations giving authorities unprecedented political control to decide what’s “misinformation” and “disinformation,” is now at loggerheads with several major American social media platforms.
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TOP TREND 2022, SELF-SUFFICIENT ECONOMIES: EU, LATIN AMERICAN LEADERS MEET THIS WEEK TO REVIVE ECONOMIC TIES
On Monday and Tuesday this week, more than 50 leaders from Latin America, Caribbean nations, and the European Union (EU) met in Brussels in the first such transatlantic summit since 2015 in an effort to smooth over differences and rebuild trade relationships.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is week 46 of job cuts. And get ready for a bad situation to get much worse. The higher the U.S. and EU raise interest rates the deeper economies will decline and the higher the unemployment numbers will rise.
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EU LOSES CONFIDENCE IN CHINA’S ECONOMIC POWER
European businesses are less confident in China’s economy now that its expected post-COVD economic boom has busted and its relations with Europe and the U.S. are deteriorating, according to a survey by the European Union Chamber of Commerce in China.