The harsh truth about the EU’s competitiveness in Artificial Intelligence and emerging technologies Mario Draghi, the former Italian Prime Minister and President of the European Central Bank, presented his long-awaited report on “The Future of European Competitiveness” forcing the EU to accept some harsh truths regarding its competitive standing in cloud services, AI, and quantum computing. Without significant reforms to its private investment, labour, and regulatory strategies, the EU will likely fall behind the United States and China in the ongoing technology...

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In this week’s Roar: Preparing for another strike, FMC demands, surging container shipping profits, the world’s largest methanol-powered container ship and regulating autonomous heavy trucks. Another potentially large port strike looms, only this time on the East and Gulf Coasts. And once again, we’re reminded of how vulnerable the supply chain is in the face of this type of disruption. There will be economic ramifications and a ripple effect throughout manufacturing and logistics. With that in mind, it’s important to...

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By Akash Tomar | In August 2024, the eurozone experienced a significant drop in inflation, with the rate falling to 2.2%, the lowest since 2021. This decline has fueled speculation about potential interest rate cuts by the European Central Bank (ECB). Core inflation also decreased to 2.8%, though rising services inflation continues to concern the ECB, which aims to achieve a 2% inflation target by 2025. European equity markets responded positively to this news, with the Stoxx 600 index reaching a record...

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On September 5, 2024, Steel Dynamics, Inc., Nucor Corporation, United States Steel Corporation, Wheeling-Nippon Steel, Inc., and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC filed a petition for the imposition of antidumping and countervailing duties on the imports of Certain Corrosion-Resistant Steel Products from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and the Socialist Republic of Vietnam. The petition alleges dumping...

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By: Jennifer Kosar, Trust and Transparency Solutions Leader, PwC US, Rohan Sen, Principal, Data Risk and Responsible AI, PwC US, Ilana Golbin, Director and Responsible AI Lead, PwC US If you’re a chief risk officer (CRO), chief compliance officer (CCO), chief information security officer (CISO), chief legal officer (CLO) or other professional in a risk-focused area, then governing AI is at least on your radar – and probably on your priority list. The reason is the speed with which generative...

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The Future of the European Green Deal The European Green Deal is a set of policy measures designed to guide the EU toward a green transition, with the eventual goal of reaching climate neutrality by 2050. Introduced in 2019 under the leadership of European Commission President Ursula von der Leyen, the comprehensive strategy seeks to reduce greenhouse gas emissions, promote clean energy, and foster sustainability across all sectors. Now, with von der Leyen’s re-election, there’s growing debate about whether the...

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European Investment Bank delegation led by Vice-President Teresa Czerwińska participated in the Economic Forum, Poland’s leading economic conference that took place in the south-western town of Karpacz on Sept.3-5. For the second year running, the EIB contributed to a respected economic report authored by Poland’s top business school, the Warsaw School of Economics (SGH), that was unveiled during the conference. This year’s EIB analysis - “Investment and innovation among Central, Eastern and South-Eastern European firms: Recent trends and the path...

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Both houses of Congress recently introduced a new, bipartisan bill that could have significant impacts on patent law. The Realizing Engineering, Science, and Technology Opportunities by Restoring Exclusive (RESTORE) Patent Rights Act of 2024 is a legislative proposal aimed at enhancing the enforcement rights of patent holders in the United States. It was introduced on July 30, 2024 in the U.S. Senate by Chris Coons (D-DE) and Tom Cotton (R-AR) and in the House by Representatives by Nathaniel Moran...

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Introduction  Effective economic evaluations in the early stages of mining projects are crucial for determining their feasibility and potential profitability. These evaluations are foundational, impacting investment decisions potentially worth billions of dollars and influencing the strategic direction of entire operations. Yet, this initial phase is fraught with complexities and potential for critical errors.  Mining projects require substantial upfront investments, often in the range of hundreds of millions to several billion dollars, depending on the scale and location. For example, the average...

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Welcome to the Stephenson Harwood Data Protection update, covering the key developments in data protection and cyber security law from August 2024. This month, noyb filed nine GDPR complaints against X's plans to utilise user data to train its AI chatbot, the UK Government proposed increasing data protection fees, the EU and China begin talks on cross-border data transfers, the ICO launched its fifth call for evidence on generative AI, the European Commission launched a call for evidence on the...

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