The European Union is set to unveil a proposal aimed at bolstering its ability to screen and potentially block foreign investment in sensitive industries, including from foreign-controlled companies within the bloc. This move is in response to the US Inflation Reduction Act and Chinese electric-vehicle manufacturing subsidies, as the EU seeks to enhance its economic security and counter coercive actions from countries like China and the US. Mario Draghi's upcoming report is expected to influence the EU's approach towards more open markets. Additionally, a leaked draft suggests that the EU Commission is planning an innovation strategy on Artificial Intelligence to establish 'AI Factories' and boost the uptake of generative AI in strategic sectors.
On @Breakingviews: Mario Draghi’s upcoming report on European competitiveness is more likely to reflect the EU’s internal conflicts as it is split between wanting to protect its national champions and reaping the full benefits of global supply chains, says @rebeccawire https://t.co/oubcZEFKha
On @Breakingviews: With the European Union’s growth stagnating and China and the United States doling out technology subsidies, the 27-country bloc is looking to boost growth, @rebeccawire argues https://t.co/iJmrsHaxmt
Secretary of State Antony Blinken is visiting Cape Verde, Ivory Coast, Nigeria and Angola. His tour is intended to show the Biden administration’s continued interest in Africa amid major conflicts in the Middle East and Europe. https://t.co/P8Pjg1qYEe
US Secretary of State Antony Blinken begins four-nation Africa tour – Cape Verde, Ivory Coast, Nigeria and Angola – amid Sahel worries https://t.co/pmVaRJLTQA https://t.co/O6L2msQdl3
LEAK: By the end of January, the @EU_Commission is to propose an innovation strategy on Artificial Intelligence to establish ‘AI Factories’ and boost the uptake of generative #AI in strategic sectors, according to an early draft seen by @Euractiv. https://t.co/rMI4prv06Z
📺 On @Breakingviews: The EU is trying to up its economic game in response to the US Inflation Reduction Act and Chinese EV manufacturing subsidies. Mario Draghi’s upcoming report could nudge the bloc towards more open markets, says @rebeccawire https://t.co/z0REhNl3k0
Text of EU AI Act leaked, amid debate over the timeline for final approval https://t.co/FoWJ38A5yE https://t.co/uHy1VIaAkk
📺 The EU is trying to up its economic game in response to the US Inflation Reduction Act and Chinese EV manufacturing subsidies. Mario Draghi’s upcoming report could nudge the bloc towards more open markets, argues @rebeccawire. Watch 👉 https://t.co/NKaYQGbylL https://t.co/Z6UFRk97BE
"The EU’s exec arm will unveil a proposal Wed aimed at boosting its power to screen & potentially block foreign investment in sensitive industries—incl from foreign-controlled cos w/in the bloc—to rebuff coercive actions from the likes of Beijing & others" https://t.co/MZd08oJxza
On @Breakingviews: The European Union is trying to up its economic game in response to the US Inflation Reduction Act and Chinese electric-vehicle manufacturing subsidies. Mario Draghi’s upcoming report could nudge the EU towards more open markets, argues @rebeccawire https://t.co/spW7eafsyS
On @Breakingviews: The European Union wants to up its game in the global economy. With the bloc’s growth stagnating and China and the United States doling out technology subsidies, the 27-country bloc is looking to boost growth, explains @rebeccawire https://t.co/UD5n8AOZkY
EU is set to upgrade its economic security to shield key tech from China https://t.co/oEbyQhCTEr via @europressos @AlbertoNardelli https://t.co/9ueGJwr3rO