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Europe is faced with an innovation crisis as Mario Draghi’s report highlights the urgent need for action. The report calls for substantial investments in innovation to prevent Europe from falling behind in the global economy. However, Europe currently lags in critical technologies, with China’s rapid technological rise posing a stark contrast. The struggles of European startups, like Arnaud Bertrand’s HouseTrip, shed light on the challenges faced by local entrepreneurs. The report’s proposed solutions seem inadequate, with critics voicing concerns about further domination by US companies. The EU’s fragmented market and regulatory burdens hinder the scaling of innovations and entrepreneurial growth.…

China’s Belt and Road Initiative (BRI) has progressed into its second decade, transforming from a mere concept to a multifaceted reality. Initially introduced by President Xi Jinping in 2013, the BRI aims to link Asia, Europe, and Africa through extensive infrastructure developments, encompassing digital, financial, and cultural dimensions. With over 150 countries and 30 international organizations signing cooperation agreements, the BRI boasts investments exceeding $1 trillion, with increased private sector participation from companies like Ant Group. This shift marks a shift towards more diverse and digital-focused projects. Notably, Hong Kong plays a vital role as a financial hub for the…

The U.S. government recently seized a $13 million Dassault Falcon 900EX aircraft owned by Venezuelan President Nicolás Maduro in the Dominican Republic, citing violations of international sanctions and U.S. laws. The plane, often used by Maduro for international travel, is seen as Venezuela’s version of Air Force One. This action is part of broader U.S. efforts to enforce sanctions and control exports against Venezuela’s government, which has been criticized for undemocratic and corrupt practices. The seizure sends a strong message to Venezuela about the U.S.’s commitment to enforcing its laws. Additionally, this incident aligns with renewed U.S. sanctions targeting Venezuela’s…

Malaysia’s solar and semiconductor industries are feeling the impact of the escalating US-China trade tensions, resulting in significant shifts in global manufacturing and investment patterns across Southeast Asia. The US has imposed tariffs on solar products from Malaysia, Cambodia, Thailand, and Vietnam, leading to job losses and economic challenges in Malaysia. The US Department of Commerce’s anti-dumping investigation could potentially result in tariffs as high as 270%, threatening the competitive edge of Southeast Asian manufacturers. The solar industry in Malaysia, a key player in the global supply chain, faces uncertainty as proposed tariffs could hinder its role as a manufacturing…

Bitcoin took a nosedive to $57,300, hitting a two-month low with a 4.3% drop in just 24 hours. The crypto market followed suit, losing 5.9% overall, with Ethereum also declining to $3,118 after a 5.3% fall. This sudden decline was linked to large crypto transfers by the German government, causing unrest in the market. The defunct Mt. Gox exchange also began making payouts, adding to investor nerves. Amidst this turmoil, a meme cryptocurrency associated with Joe Biden plummeted over 95%, fueling discussions on potential political repercussions. However, analysts view this downturn as an opportunity for long-term investors. While some attribute…

Discover the crux of Brazil’s legislative debates on the management of its coastal lands through the proposed Constitutional Amendment PEC 3/2022. Former federal deputy Arnaldo Jordy sparked this amendment, now spearheaded by Senator Flávio Bolsonaro, aiming to shift control of coastal lands from federal to local or private entities without privatizing beaches. This amendment seeks to eliminate outdated fees while igniting a national dialogue among politicians, environmentalists, and legal experts. They deliberate the impact on local governance, property rights, and environmental risks in these biodiverse areas, crucial for defense and environmental safety. With potential ramifications for ten million Brazilians, this…