Recommendation calling on EU Member States to review outbound investments 

Recommendation calling on EU Member States to review outbound investments 

The European Commission has issued a Recommendation urging EU Member States to review outbound investments by their companies in non-EU countries, particularly in semiconductors, artificial intelligence, and quantum technologies—three strategic sectors posing the highest risks to economic security. The objective is to assess potential threats arising from such investments and determine whether further regulatory action at the EU or
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Cyberspace: Council approves declaration on a common understanding of application of international law to cyberspace

The Council of the European Union has approved a declaration outlining a shared understanding among the EU and its member states regarding the application of international law to cyberspace. This milestone affirms that international law remains robust and relevant in addressing the digital domain. The declaration emphasizes that states are bound by established rules and
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A quite interesting paper by RAND: Strategic blunders — serious missteps with unintended negative consequences — often stem from leaders relying on oversimplified or flawed mental models to navigate complex decisions

A quite interesting paper by RAND: Strategic blunders — serious missteps with unintended negative consequences — often stem from leaders relying on oversimplified or flawed mental models to navigate complex decisions

A quite interesting paper by RAND: Blinders, Blunders and Wars The document points out that strategic blunders — serious missteps with unintended negative consequences — often stem from leaders relying on oversimplified or flawed mental models to navigate complex decisions. These distorted models, far removed from objective reality, lead decision-makers to dismiss or misconstrue critical
Continue reading A quite interesting paper by RAND: Strategic blunders — serious missteps with unintended negative consequences — often stem from leaders relying on oversimplified or flawed mental models to navigate complex decisions

Security, Intelligence and the EU in the Report by Sauli Niinistö

Security, Intelligence and the EU in the Report by Sauli Niinistö

Strengthening Europe’s preparedness is urgent as it faces heightened risks and uncertainty, marked by a severe pandemic, major war, and record heat. Sauli Niinistö, former Finnish President and Special Adviser to the European Commission President, was tasked by President von der Leyen and the HR/VP to assess these challenges and propose ways to boost the
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Quantum computers and cryptocurrencies

Quantum computers and cryptocurrencies

The threat quantum computing poses to cryptocurrency is likely overstated for the present but demands attention for the future. A report by Chinese researchers using a D-Wave quantum computer has suggested potential risks to encryption algorithms, such as RSA, commonly used in banking and security systems. However, this device is a quantum annealer rather than
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IMF Working Paper: Changing Global Linkages: A New Cold War?

IMF Working Paper: Changing Global Linkages: A New Cold War?

https://www.imf.org/en/Publications/WP/Issues/2024/04/05/Changing-Global-Linkages-A-New-Cold-War-547357 The paper titled Changing Global Linkages: A New Cold War? by Gita Gopinath, Pierre-Olivier Gourinchas, Andrea F. Presbitero, and Petia Topalova (April 2024) investigates how recent geopolitical tensions, particularly post-Ukraine invasion, are reshaping global trade and investment patterns. The authors observe a shift toward “geoeconomic fragmentation,” with trade and foreign direct investment (FDI) increasingly
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The Fourth Annual Report on the Screening of Foreign Direct Investments into the Union

The Fourth Annual Report on the Screening of Foreign Direct Investments into the Union

The Fourth Annual Report on the Screening of Foreign Direct Investments into the Union (COM(2024) 464 final), released by the European Commission on October 17, 2024, provides a comprehensive analysis of the FDI screening mechanism within the European Union during the year 2023. The report reflects on the application of the EU Foreign Direct Investment
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Correlation v. Causation

Correlation v. Causation

Correlation vs. Causation Understanding the difference between correlation and causation is fundamental for sound data analysis and decision-making. Establishing true causal relationships requires careful research design and appropriate methodologies. Understanding the difference between correlation and causation is fundamental for sound data analysis and decision-making. Establishing true causal relationships requires careful research design and appropriate methodologies.

New Framework for Restrictive Measures on Hybrid Threats

New Framework for Restrictive Measures on Hybrid Threats

The Council has introduced a new framework for restrictive measures in response to Russia’s destabilizing activities abroad. This framework allows the EU to impose sanctions on individuals and entities involved in actions or policies by the Russian government that threaten the security, independence, and integrity of the EU, its member states, international organizations, and third
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Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACAA)

https://www.congress.gov/118/bills/hr815/BILLS-118hr815enr.pdf On 24 April 2024, President Biden signed into law a comprehensive legislative package that included PAFACAA. This followed approval by the House of Representatives on 14 March 2024. PAFACAA addresses long-standing concerns about TikTok’s potential threats to US national security due to its Chinese ownership and data collection practices. The law compels ByteDance, TikTok’s
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The Enduring Conflict: Russia’s Perception of Security and the Insecurity of its Neighbors

Ivo Daalder, interviewed by Ian Bremmer, extensively discussed Russia’s perception of security, asserting that the conflict between Russia and Ukraine is not destined to end with a simple negotiation or peace treaty. According to Daalder, the conflict will persist as long as Russia continues to believe that its security fundamentally depends on the insecurity of
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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
Continue reading 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

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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