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☆ EU has to come clean on costs of green transition
▼ + stars: | 2023-07-18 | by ( Pierre Briancon | ) www.reuters.com time to read: +8 min

European Union governments have agreed on the strategy, but they tend to paper over the short-term economic costs of the green transition. French economist Jean Pisani-Ferry has compared the impact of the green transition to an economic shock equivalent to the sharp spikes in oil prices in the 1970s. But unlike previous shocks triggered by geopolitical instability or trade wars, the green transition has been initiated and managed by governments, and largely financed by them. Germany looks like the country most able to afford the green transition, but its over-emphasis on regulation on environmental matters is running into fierce opposition. On Sunday Paolo Gentiloni, the EU economy commissioner, told the Financial Times that Europe will have to fund its own industrial green transition.

Persons: Jean Pisani, won’t, Pisani, Selma Mahfouz, Paolo Gentiloni, Bruno Le Maire, Christian Lindner, Keir Starmer, –, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Union, Reuters Graphics Reuters, International Energy Agency, Ferry, Social Democrats, Greens, Opposition, Financial Times, French Finance, German, Labour Party, Twitter, Southern, European Commission, Deal, Zero, Thomson Locations: Europe, France, Italy, Germany, EU, Paris, Southern Europe, Spain, Greece

☆ Europe weather: Second heat wave in a week brings soaring temperatures and raging fires
▼ + stars: | 2023-07-17 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

In Italy, which has been particularly hard hit, temperatures in many cities are expected to soar above 40 degrees Celsius (104 Fahrenheit). In Spain, temperatures in the cities of Seville, Cordoba and Granada have reached 40 degrees Celsius. Even the normally cooler region of Navarra in the north of the country is experiencing up to 40 degrees Celsius. Firefighters have controlled the fire and it’s not yet clear if the region’s high temperatures played any role. While in the US, California’s Death Valley reached nearly 52 degrees Celsius (125.6) on Sunday.

Persons: Gregorio Borgia, Tiziana Fabi, Andres Gutierrez, EIRIF Handout, Catania, Niño, ” Christopher Hewitt Organizations: CNN, European Space Agency, ESA, Getty, La Palma, Anadolu Agency, Reuters, Firefighters, World Meteorological, WMO Locations: Europe, Italy, Spain, Greece, North Africa, Rome, Florence, Popolo, AFP, Athens, Seville, Cordoba, Granada, Navarra, La, Spain’s Canary, La Palma, Canary Islands, Tijarafe, Tenerife, Peloponnese, Catania, Sicily, China

☆ Poland Doesn’t Want Migrants, but These Foreign Workers Are Welcome
▼ + stars: | 2023-07-15 | by ( Andrew Higgins | More About Andrew Higgins | ) www.nytimes.com time to read: +1 min

The foreign workers’ compound in Biala was built in only a few months from 2,500 modules that look like shipping containers with windows. Poland’s economy is reviving now that Covid lockdowns have ended, but its pool of working-age people is shrinking, and like much of Europe, it is desperately short of workers. But when it looks at the violent unrest that convulsed France after the shooting in late June of a French teenager of Algerian and Moroccan descent, it sees more reasons to restrict immigration. The riots “are the consequences of the policies of uncontrolled migration,” the Polish prime minister said this month. “We don’t want scenes like this on Polish streets,” Mr. Morawiecki added, seizing on the upheaval to attack the government’s liberal critics ahead of a critical election for a new Parliament in October.

Persons: Morawiecki, Mr Locations: Greece, Italy, North Africa, Europe, India, Bangladesh, Pakistan, Turkmenistan, France, Algerian

☆ Europeans Are Capable of Defending Themselves Against Russia - The New York Times
▼ + stars: | 2023-07-14 | by ( Rajan Menon | ) www.nytimes.com time to read: +3 min

The contention that the wealthy, technologically advanced European nations cannot join forces to acquire enough military power to deter or defeat Russia strains credulity. But Russia has been unable to transform its massive advantage in troops and arms into anything resembling victory. Compare Europe and Russia on any metric typically used for gauging power, and Europe proves vastly superior. That means the European Union, even without Britain, has an economy more than seven times as large as Russia’s. The mixed record of some top-shelf Russian equipment used in Ukraine’s battlefields bears this out.

Persons: —, Russia’s Organizations: Kyiv School of Economics, United Nations, Press, NATO, Ukrainian Army, European Union Locations: Russia, Finland, Sweden, United States, Europe, Ukraine, Ukrainian, Kyiv, European, Japan, South Korea

☆ Watchdog with teeth can help EU hunt unicorns
▼ + stars: | 2023-07-11 | by ( Rebecca Christie | ) www.reuters.com time to read: +8 min

Yet the EU today is a long way from uniting its capital markets. By comparison, the United States has seven exchange groups, three listings exchanges and 16 trading exchanges, along with one clearing house and one depository. Bringing capital markets together through better regulation, as well as better market incentives, could keep the next generation of unicorns home. Follow @rebeccawire on TwitterCONTEXT NEWSEuropean Union leaders called for the EU to improve capital markets as part of a push for competitiveness at summits in March and June. Capital markets union is an EU endeavour launched in 2014 as a long-term project to boost investment across borders.

Persons: –, Austria’s i5invest, Backes, Magdalena Rzeczkowska, Nadia Calviño, ESMA, ” Calviño, won’t, centralisation, Francesco Guerrera, Oliver Taslic Organizations: Reuters, EU, ABC Fitness Solutions, Reuters Graphics Reuters, Canada, Berlin Brands Group, European Securities and Markets Authority, European, Central, Union, European Commission, Capital, Thomson Locations: BRUSSELS, Europe, China, Ukraine, Arkansas, London, Switzerland, United States, IPOs, Belgian, U.S, Paris, spillovers, Luxembourg, Poland, Brussels, EU, wean

☆ Global heat in ‘uncharted territory’ as scientists warn 2023 could be the hottest year on record
▼ + stars: | 2023-07-08 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

It works like this: As the world burns fossil fuels and pumps out planet-heating pollution, global temperatures are steadily warming. David J. Phillip/APWhile the record temperatures may have been expected, the magnitude by which some have been broken has surprised some scientists. Historically, global heat records tend to topple in El Niño years, and the current record-holder, 2016, coincided with a strong El Niño. The world gets hung up on blockbuster records but “these heat records are not exciting numbers,” she told CNN. CFOTO/Future Publishing/Getty ImagesUnheeded warningsFor climate scientists, this is the “I told you so” moment they never wanted.

Persons: –, Jennifer Francis, ” Carlo Buontempo, Copernicus, “, we’ve, ” Francis, El, ”, Friederike Otto, Andres Matamoros, David J, Phillip, Peter Stott, There’s, Robert Rohde, ” Otto, Prashanth Vishwanathan, Niño, El Niños, ” Stott, Otto said, “ Organizations: CNN, Climate Research, World Meteorological Organization, Grantham Institute, Climate, UK’s Met, ”, Bloomberg, Getty, Publishing Locations: Europe, Antarctica, Pacific, El, Houston, Berkeley, Patna, Bihar, India, Texas, Mexico, China, Beijing, Northern, Zhonghua, Handan, North China's Hebei

☆ War in Sudan Was Inevitable - The New York Times
▼ + stars: | 2023-07-07 | by ( Bayan Abubakr | ) www.nytimes.com time to read: +3 min

— which had once operated in the same national military force — led a joint coup that dissolved Sudan’s transitional government. Saudi Arabia, the United Arab Emirates, the United States and Britain welcomed this agreement as a step in the right direction. Since the start of the war on April 15, the R.S.F. The participants refuse to cooperate with the Sudanese military, which has orchestrated genocides and violence since Sudan’s independence in 1956, or with its dark offshoot, the R.S.F. It was inevitable that they would eventually come head-to-head with the institution that created them.

Persons: —, Wagner, ’ Organizations: United Arab Emirates, Revolutionary Charter, Sudanese, African Union Commission Locations: Saudi Arabia, United States, Britain, El, Khartoum, Darfur, Libya, Europe, Sudan

CNN —The planet’s temperature soared again on Thursday to levels not seen in the modern record-keeping era, marking the fourth straight day of record temperatures. On Monday, the average global temperature reached 17.01 degrees Celsius (62.62 degrees Fahrenheit), the highest in the NCEP’s data, which goes back to 1979. On Tuesday it climbed to 17.18 degrees Celsius, where it remained on Wednesday. Before this week, the record in NCEP’s data was 16.92 degrees Celsius and was set in August 2016. Temperature records aren’t just numbers, “but for many people and ecosystems it’s a loss of life and livelihood.”

Persons: Jennifer Francis, Francis, Angel Garcia, Robert Rohde, Niño, “ It’s, ” Friederike Otto, ” Otto Organizations: CNN, University of Maine’s, US National Centers for Environmental, Climate Research, Bloomberg, Getty, Berkeley, El, Grantham Institute, Climate Locations: “, Seville, Spain

☆ Last month was the planet’s hottest June on record by a huge margin
▼ + stars: | 2023-07-06 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

The analysis from the European Union’s Copernicus Climate Change Service found that last month was the planet’s hottest June by a “substantial margin” above the previous record, which was set in 2019. The nine hottest Junes have all occurred in the last nine years, according to the agency – evidence the human-caused climate crisis is driving temperatures to unprecedented levels. This is exactly what global warming looks like.”Scientists have warned that these record temperatures bear the fingerprints of the climate crisis. Northwest Europe experienced record-breaking temperatures last, including the UK, which logged its hottest June on record, according to the UK Met Office. “The ocean warming is even more concerning because as the oceans warm, they expand, which means higher sea levels, larger storms surges and more flooding of coastal communities,” Marlon said.

Persons: Copernicus, ” Jennifer Marlon, “, Greenlee Beal, El Niño, ” Marlon, — Organizations: CNN, Southern, Yale School of Environment, Northwest, UK Met Office, Reuters, Climate, Atlantic Locations: Southern US, Mexico, El, Pacific, Northwest Europe, Canada, United States, Asia, Australia, Texas, Central America, Ireland, Baltic, Europe, Iceland, Russia, Turkey, Kosovo, Romania, Scandinavia, America, Horn of Africa, South America, Antarctica

☆ Heat Records Fall Around the Globe as Earth Warms, Fast
▼ + stars: | 2023-07-06 | by ( Brad Plumer | More About Brad Plumer | ) www.nytimes.com time to read: +1 min

On Tuesday, global average temperatures rose to a new high of 62.9 degrees Fahrenheit. But, he added, there may be other factors layered on top of human-caused warming that have helped drive temperatures up so dramatically in recent months. For instance, a cyclical phenomenon in the Pacific Ocean known as the El Niño-Southern Oscillation causes year-to-year fluctuations by shifting heat in and out of deeper ocean layers. Global surface temperatures tend to be somewhat cooler during La Niña years and somewhat hotter during El Niño years. “A big reason we’re seeing so many records shattered is that we’re transitioning out of an unusually long three-year La Niña, which suppressed temperatures a bit, and into a strong El Niño,” Dr. Hausfather said.

Persons: Zeke Hausfather, El, “, Hausfather Organizations: Service, Berkeley, Southern

☆ India expects EU carbon tax to hit exports of steel, iron ore and cement
▼ + stars: | 2023-07-06 | by ( Aftab Ahmed | ) www.reuters.com time to read: +2 min

[1/4] An employee works inside a steel factory in the northern Indian city of Lucknow June 11, 2010. REUTERS/Pawan KumarNEW DELHI, July 6 (Reuters) - Already facing subdued demand from developed nations, India's exports are likely to be hit by the European Union's 20% to 35% tariffs on high-carbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday. Reporting of carbon content in exports to the EU would be required beginning Oct. 1, 2023, and the main goods affected would be steel, cement, aluminium, fertilisers, electricity and hydrogen. "The impending downside risks to India’s exports include the European Union’s introduction of the Carbon Border Adjustment Mechanism," the finance ministry said in its annual economic report. India's merchandise trade deficit rose faster-than-expected in May to $22.12 billion, up from $15.24 billion in April, due to reduced demand for Indian exports from developed countries.

Persons: Pawan Kumar, Aftab Ahmed, Shivam Patel, Clarence Fernandez, Simon Cameron, Moore Organizations: REUTERS, El, Thomson Locations: Indian, Lucknow, DELHI, EU

☆ European inflation: Relief as producer prices fall for the first time since 2020
▼ + stars: | 2023-07-05 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —European policymakers will have breathed a sigh of relief Wednesday as a key measure of inflation revealed the first drop in prices since 2020. That’s the first time producer prices — which feed into prices paid by consumers — have notched a year-on-year decline since December 2020. The drop was driven by a steep 13.3% annual fall in producer prices in the energy sector, the data showed. According to June survey data published Tuesday, factory output in the euro area recorded its steepest fall since October. The euro area economy slipped into a recession over the winter, and there have been further signs of weakness in the April-June period.

Persons: who’ve, ” Cyrus de la Rubia Organizations: London CNN, Bank’s, ECB, Producers, Hamburg Commercial Bank Locations: Hamburg

☆ El Niño + climate change = heat records
▼ + stars: | 2023-07-05 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Climate change combined with this year’s El Niño set a new world record for worldwide heat on Tuesday – 62.92 degrees Fahrenheit or 17.18 degrees Celsius. The WMO declared the onset of an El Niño Tuesday and warned governments to prepare for more extreme weather events as a result. This will be the first El Niño in seven years. The last very strong El Niño year – 2016 – also saw the previous record for worldwide heat that August. “It is El Niño on top of decades of human emissions of greenhouse gases.”There is no turning back, he said, but humans can likely slow the change.

Persons: Niño, –, It’s, Bill Weir, we’re, ”, ” Weir, John Abraham, Thomas, Weir, ” Abraham, Abraham, “ Organizations: CNN, National Centers, Environmental, World Meteorological Organization, United Nations, WMO, El, CNN International, University of St, Reuters Locations: Switzerland, Americas, Africa, Quebec, Miami, Minnesota, El, ”

☆ Climate activists block golf course holes with seedlings and cement to protest water use
▼ + stars: | 2023-07-04 | by ( Laura Paddison | ) edition.cnn.com time to read: +2 min

CNN —Climate activists have targeted 10 golf courses around Spain, plugging up holes to protest the amount of water used to maintain these courses as the country is gripped by a severe drought. Members of Extinction Rebellion (XR) Spain, along with activists from other climate groups, accessed golf courses in locations in six provinces, including Madrid, Valencia, Ibiza and Navarra. Golf closed for climate justice” and “water is a common good.”Golf in Spain uses more water than the cities of Barcelona and Madrid combined, XR said in a video posted on Twitter on Sunday. Only 0.6% of the population plays golf, XR said. Between June 1 and 10, 60% of Spain was under “drought alert” conditions, according to the European Union’s Copernicus Climate Change Service.

Persons: XR Organizations: CNN —, Twitter Locations: Spain, Madrid, Valencia, Ibiza, Navarra, Barcelona, Spanish, Europe, Córdoba

☆ Meta Loses Appeal on How It Harvests Data in Germany
▼ + stars: | 2023-07-04 | by ( Adam Satariano | ) www.nytimes.com time to read: +3 min

Although the ruling applies only to Meta services in Germany, it is expected to influence other antitrust authorities in the European Union. antitrust law, called the Digital Markets Act, takes effect in the coming months and gives regulators new powers to encourage competition in the tech sector. The court said regulators investigating antitrust cases can also examine whether a company is breaking the European Union’s data protection law, called the General Data Protection Regulation, or G.D.P.R. After the company appealed the decision, it eventually landed before the European Court of Justice in Luxembourg. He has argued that Facebook uses the data it collects from users to strengthen its position over rivals, harming competition.

Persons: Meta, Andreas Mundt, Mundt, ” Mr, “ Organizations: European Court, Justice, Facebook, Big Tech, European Union, Markets, Data, Court of Justice, Amazon, Google Locations: Germany, European Union, Luxembourg

Gallium and germanium will be subject to export controls starting August 1 “to protect national security and interests,” China’s Ministry of Commerce said in a statement Monday. Gallium and germanium are used in a variety of products, including computer chips and solar panels. Beijing’s move comes just days after the Dutch government announced new restrictions on exports of some semiconductor equipment, drawing an angry response from Beijing, according to Reuters. The new rules mean that ASML (ASML), Europe’s largest tech firm, will need to apply for export licenses for products used to make microchips. Critics of the decision “could ask the US government why it holds the world’s largest germanium mines but seldom exploits them.

Persons: Janet Yellen, Yellen, — Olesya Dmitracova Organizations: Paris CNN — Beijing, China’s Ministry of Commerce, . Geological Survey, Reuters, China, US, Communist Party, Treasury Locations: Paris, United States, Europe, China, Beijing, Japan, Italy, Washington, Netherlands

☆ EU AI law: Top companies raise alarm over Europe's proposed rules
▼ + stars: | 2023-06-30 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

In an open letter sent to EU lawmakers Friday, C-suite executives from companies including Siemens (SIEGY), Carrefour (CRERF), Renault (RNLSY) and Airbus (EADSF) raised “serious concerns” about the EU AI Act, the world’s first comprehensive AI rules. “Such regulation could lead to highly innovative companies moving their activities abroad” and investors withdrawing their capital from European AI, the group wrote. Race to regulateTech experts have increasingly called for greater regulation of AI as it becomes more widely used. The EU rules are the world’s “first ever attempt to enact” legally binding rules that apply to different areas of AI, according to the European Parliament. The Act also outlines transparency requirements for AI systems.

Persons: Yann LeCun, Hermann Hauser, “, France Valeria Mongelli, Sam Altman, ERIC, ”, Dragos, ” Brando Benifei, CNN “ Organizations: Germany CNN, EU, Siemens, Carrefour, Renault, Airbus, Meta, British, ARM, “, Bloomberg, Getty, US, Tech, SAP, Ericsson, CNN Locations: Dortmund, Germany, Europe, Strasbourg, France, United States, China, Romanian

☆ Inflation in Europe falls again in June
▼ + stars: | 2023-06-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Inflation in Europe slowed for the second straight month in June. Economists polled by Reuters had expected slightly higher inflation of 5.6% this month. However, core inflation — which strips out volatile food and energy prices — edged up. The increase was because of a statistical anomaly, Christoph Weil, a senior economist at Commerzbank, wrote in a note. Food prices still highFood, alcohol and tobacco prices remained the main driver of inflation, rising 11.7% in June, down from 12.5% the month before.

Persons: That’s, Christoph Weil, Price, ” Weil, Jack Allen, Reynolds, ” Allen Organizations: London CNN, Reuters, Commerzbank, Capital Economics, European Central Bank Locations: Europe, Germany, Europe’s, European

The commander of the Russian air force Sergey Surovikin and the Wagner chief Yevgeny Prigozhin have not been seen in public in days as questions swirl about the role Surovikin may have played in Prigozhin’s short-lived mutiny. The Russian air force commander Sergey Surovikin (left) and the Wagner chief Yevgeny Prigozhin APWhy is everyone talking about Surovikin? Prigozhin meanwhile, played the central role in the short-lived insurrection – it was he who ordered Wagner troops to take over two military bases and then march on Moscow. Putin assembled Russian security personnel in Moscow Tuesday, telling them they “virtually stopped a civil war” in responding to the insurrection. Prigozhin was last spotted leaving the southern Russian city of Rostov-on-Don Saturday, after abruptly calling off his troops’ march on Moscow.

Persons: Sergey Surovikin, Wagner, Yevgeny Prigozhin, Vladimir Putin, Surovikin, “ Surovikin, ”, Alexey Venediktov –, –, Sergey Markov, Surovikin’s, “, Yevgeny Prigozhin’s, Putin, Dmitry Peskov, Prigozhin, Sergei Shoigu, Valery Gerasimov, Don Saturday, Alexander Lukashenko, Lukashenko, Peskov, ” Peskov, Mikhail Gorbachev, , Joe Biden, Josep Borrell Organizations: CNN, Moscow Times, Russian Telegram, Baza, Yevgeny Prigozhin AP, New York Times, PMC Wagner, Russian Ministry of Defense, Kremlin, Street, Belarusian, General Staff, Defense, Ministry, Washington DC, Jamestown Foundation, Russian Aerospace Forces, Human Rights Watch, Union’s, Foreign Affairs Locations: Kremlin, Russian, Moscow, Rostov, Russia, Ukraine, Belarus, Minsk, St . Petersburg, Ukraine’s, Afghanistan, Syria, Idlib, ”, Brussels, Dagestan, Derbent

CNN —Over 80 million people from the Midwest to the East Coast are under air quality alerts as smoke from the Canadian wildfires sweep across the US border Tuesday, prompting beach closures, warnings about reduced visibility and calls to stay indoors. Chicago and Detroit had the worst air quality in the world Tuesday night. Detroit’s air at one point reached a “very unhealthy”Air Quality Index of 203, before dropping below 200 to the “unhealthy” level, according to IQAir. Chicago registered an Air Quality Index of 175 late Tuesday. “The most protective option when air is unhealthy for you is to stay indoors with air conditioning, reduce strenuous activities and limit outdoor activities.

Persons: Copernicus, –, “, Kathy Hochul Organizations: CNN, Canadian Interagency Forest Fire Centre, National Weather Service, . Chicago, Chicago Public Schools, Facebook, Drivers, Mackinac Bridge Authority, Michigan Department of Health, Human Services, Indianapolis, ., New, ”, New York State, Coordinating Agency, Centers for Disease Control Locations: Midwest, East, Canada, Iowa , Wisconsin , Illinois , Indiana , Michigan, Delaware, Maryland, Kansas , Missouri, Minnesota , Ohio, Pennsylvania, New York, Virginia, Chicago, Detroit, IQAir, Evanston , Illinois, Michigan, Mackinac, . New York, New York City, New, ” In Ohio, NY, Cleveland, Ohio

☆ Europe has more Russian lessons to learn
▼ + stars: | 2023-06-26 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The EU also isn’t remotely as threatening as China or even the United States, not to mention Russia. Over the same period, China’s share has risen to 18% from 7%, while the United States has stayed flat at 24%. The United States will carry most of the burden of deterring China. SECOND-BEST SOLUTIONSThe best solution to the EU’s lack of unity would be for it to use majority voting to determine foreign policy - as it already does for economic policy. But neither the EU nor its members should kid themselves that it’s in their interests to break with the United States.

Persons: Vladimir Putin, Yevgeny Prigozhin, Putin, Joe Biden’s, “, Emmanuel Macron, Donald Trump, Peter Thal Larsen, Thomas Shum Organizations: Reuters, EU, Companies, U.S, Eurostat, Reuters Graphics, Trade, European Commission, Twitter, Thomson Locations: Brussels, Ukraine, Russia, EU, China, United States, Russian, Kyiv, Germany, France, Poland, Taiwan, Lithuania, People’s Republic, U.S, Spain, Europe, Italy, Japan, United Kingdom, Canada

☆ EU official visits Twitter headquarters to ‘stress test’ its ability to handle content moderation
▼ + stars: | 2023-06-23 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

On Thursday, EU Commissioner Thierry Breton and a team of staff descended on Twitter’s headquarters in San Francisco to perform a “stress test” of the company’s ability to moderate online content. Josh Edelson/AFP/Getty ImagesBreton did not say whether he believes Twitter passed its stress test, but described the session as a “constructive dialogue” that Twitter voluntarily agreed to undertake. “Europe is very important to Twitter and we’re focused on our continued partnership.”In a speech Thursday, Breton said Twitter is not the only company that will be receiving a stress test. “Compliance with European rules is not a punishment. Concerns about Twitter’s ability to handle hate speech, misinformation and other challenges have grown since Musk’s purchase of the company last year.

Persons: Thierry Breton, “, ” Breton, Elon Musk, Josh Edelson, Breton, Twitter, ”, Linda Yaccarino, we’re, Sundar Pichai, Mark Zuckerberg, Sam Altman, Jensen Huang Organizations: CNN, European Union, Twitter, Facebook, Digital Services, DSA, Internal, Getty, ”, “, Nvidia Locations: San Francisco, San Francisco , California, AFP, “ Europe, Europe

☆ Schumer outlines plan for how Senate will regulate AI
▼ + stars: | 2023-06-21 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

The Senate will then turn to committee chairs and other vocal lawmakers on AI legislation to develop bills reflecting the panel discussions, Schumer added, arguing that the resulting US solution could leapfrog existing regulatory proposals from around the world. In his remarks Wednesday, Schumer appeared to acknowledge criticism of his pace. I hear you loud and clear.”But he described AI as a novel issue for which Congress lacks a guide. Formally unveiling the framework on Wednesday, Schumer said any legislation on AI should be geared toward facilitating innovation before addressing risks to national security or democratic governance. Schumer predicted that the process is likely to take longer than weeks but shorter than years.

Persons: Chuck Schumer, Schumer, ” Schumer, ”, “, “ It’s, Schumer’s Organizations: CNN, Congress, Parliament Locations: Washington, ”

☆ AI’s regulation naysayers protest too much
▼ + stars: | 2023-06-21 | by ( Karen Kwok | ) www.reuters.com time to read: +7 min

As venture capitalist Marc Andreessen notes, AI models are made up of codes and algorithms just like other computer programmes. Moreover, AI models’ ability to extrapolate from data at high speed explains why almost every industry is deploying the technology in the hope of boosting productivity. Precisely because AI models can replicate tasks done by humans, it’s harder to spot which is which. The EU’s proposed law advocates placing AI applications into four different buckets. AI systems that could be used to influence voters and the outcome of elections and systems used by social media platforms with over 45 million users are labeled “high-risk”.

Persons: Sam Altman, Marc Andreessen, Joe Biden, Altman, ChatGPT, “, ”, Peter Thal Larsen, George Hay, Katrina Hamlin Organizations: Reuters, Organisation for Economic Co, OECD, Microsoft, Watchdogs, Facebook, Meta, Twitter, Union, Bloomberg, Thomson Locations: EU, China, Canada, India, United Kingdom, United States, Brussels, Paris, Europe

☆ Heat, drought and fire: Europe's year of extremes in 2022 will not be a 'one off,' new report finds
▼ + stars: | 2023-06-19 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —The climate crisis is taking an enormous toll on Europe, which was ravaged by extreme heat, drought, wildfires and glacier melt last year, a new analysis has concluded. The cracked ground of La Vinuela reservoir during a severe drought in La Vinuela, near Malaga, southern Spain August 8, 2022. Europe experienced the second-largest burned area on record in 2022, the report found, with Central Europe and the Mediterranean, in particular, seeing large areas scorched by fire. And oceans were unusually warm, with average sea surface temperatures in the North Atlantic the hottest on record. With the arrival of El Niño, a natural climate phenomenon with a global warming effect, many scientists are concerned 2023 could see even starker climate extremes.

Persons: ”, Carlo Buontempo, Jon Nazca, El, Petteri Taalas Organizations: CNN, World Meteorological Organization, Central, North Atlantic, WMO Locations: Europe, Spain, Switzerland, Italy, France, La Vinuela, Malaga, Central Europe, North

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