Tag Archives: CHINA

Business

Between the USA and China have promised a new economic war

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The next economic war between the United States and China will be related to the problems of climate change, experts promised. Reported by CNBC.

Bank of America’s managing director for research, Haim Israel, suggests that the “climate war” between Washington and Beijing will follow the technology and trade wars, as climate change will become the dominant economic and political theme in the coming decades. “It’s not just about saving the planet. We believe that climate strategies offer a path to global excellence because there is much more at stake here, ” he concluded.

The advantage in the production of electric vehicles will also be important. “So far, about half of the oil goes to the transport market, and cars make up the bulk of it,” Israel said. The expert is confident that whoever becomes the leader in the production of electric vehicles will definitely have a huge advantage in the future. So far, the market is ruled by the American Tesla, but competitors from China are already stepping on its heels.

Under Donald Trump, a trade war broke out between the United States and China, and tensions remain under the administration of new President Joe Biden. In February, he said that the United States is working with the European Union to fight China and resist its “economic abuse and coercion.” Speaking at the Munich Security Conference, Biden said the US and its foreign partners should “make China accountable for its economic practices.”

However, experts are confident that the United States will be richer than China for several decades, judging by GDP per capita. According to the latest data from the International Monetary Fund (IMF), China’s GDP per capita last year was projected at $10,582, which is about six times less than in the United States.

Technology

Microsoft will supply the US army with augmented reality glasses for $22 billion

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Microsoft has won a contract with the US Army for the supply of augmented reality headsets, the Associated Press reports.

Under the terms of the agreement, the company will supply the military with augmented reality glasses worth $22 billion. The technology will be based on Microsoft HoloLens glasses, which were originally created for the video game and entertainment industry.

According to the Pentagon, the use of augmented reality glasses by military personnel will increase the soldier’s awareness of the surrounding environment, as well as improve their ability to detect targets and danger.

Augmented reality technology allows people to see virtual images superimposed on the physical world in front of them.

Earlier, CNN reported on the US intention to conduct large-scale virtual exercises to counter Russia and China. According to the TV channel, we are talking about a “strictly classified war game”, the exercises will take place in the summer of this year.

Europe

What are the chances of the EU’s New Green Deal?

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According to the plans of the European Commission, the package of measures taken to overcome the coronavirus crisis should be based on a New Green Deal. At the same time, Brussels is betting on an initiative called the “New European Bauhaus”. The aim of the project is to promote such principles and values as quality design, environmental sustainability, barrier-free operation, and investment. Meanwhile, negotiations on a new climate law due to be passed this spring have stalled. Observers are concerned about how the situation is developing.

Don’t miss at least this train

The European Union has a unique chance to catch up on the world stage, “ writes El Pais:

“In the digital race, the 27 EU countries have long been behind the US and China, but in the green race, they may well give others a head start. Eight of the ten most important companies in the field of clean energy are European. Europe must not miss this train! At stake are energy independence, the creation of many jobs, and control over technology of global significance. In addition, leadership in the field of green technologies can help the EU strengthen its image of moral authority, and this is worth a lot. Authority is imperceptible physically, but its significance is extremely great.”

Poland needs a change of course

Poland should switch from coal to renewable energy sources as soon as possible, — Rzeczpospolita insists:

“We are heading for a collision course, but we still have time for rescue maneuvers. If we miss this opportunity, we face an economic catastrophe. Rising energy prices will lead to the ruin of Polish companies and enterprises, which have already suffered from numerous lockdowns. Therefore, the economic recovery plan and the implementation of the New Green Deal in Poland should focus on green technologies. Otherwise, the Polish economy is unlikely to benefit significantly from the funds allocated by the European Union. After all, those who rely on alternative energy sources will receive the most funding.”

Results can only be achieved together

The new Green Deal should cover all EU countries, warns Rzeczpospolita:

“The idea of Ursula von der Leyen should not be limited to a group of selected countries — or a certain ‘elite’. Walter Gropius, the ideologues of the Bauhaus, said that his school should serve people — and be universal. And why this dream is not feasible if someone is deliberately excluded from it. The new Bauhaus should be built jointly by all EU countries. Including Poland, a European country with a viable industry and crafts.”

The course leading to a collision with the United States

EU plans will not strengthen relations with the US, warns The Spectator:

“President Joe Biden’s program idea is to promote green energy, focused on the production of renewable and clean electricity. … The EU has almost the same agenda: most of the fund for economic recovery from the consequences of the corona crisis in the amount of 750 billion euros is planned to be directed to this area. However, there cannot be two global leaders in the field of green energy! Competition for leadership in this area is likely to further alienate the parties from each other.”

World

WHO publishes COVID-19 investigation report

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The World Health Organization has published a report on the results of a trip of its exports to China to find out the origin of Sars-Cov2. According to the document, the original source of the coronavirus has not yet been discovered, and all hypotheses of the origin of the infection continue to be considered.

This was stated by the head of the WHO Tedros Gebreysus.

At the same time, the WHO report called the laboratory origin of COVID-19 “extremely unlikely”: the coronavirus was most likely transmitted to humans from bats through another animal. Despite this, the head of the WHO called for further investigation of the version about the laboratory leak of Sars-Cov 2 with the participation of special experts.

Technology

In the USA, they are working to strengthen the protection of power grids from cyber attacks

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The administration of US President Joe Biden is developing a new plan to protect the country’s electricity sector from cyber attacks, Bloomberg reports, citing sources.

According to the agency’s interlocutors, Deputy Assistant to the US President for National Security Ann Nyberger and the country’s Energy Minister Jennifer Granholm discussed this issue with industry representatives on March 16. The plan includes a new strategy for cooperation with companies to prevent hacking. It is noted that in the coming weeks it will be presented.

According to the report, the US authorities decided to start with the power grid, as they are important for the economy of the United States. In addition, it indicates that they decided so in connection with the increased attacks on these networks, which are carried out by foreign hackers.

Earlier, the US corporation Microsoft reported the discovery of four critical zero-day vulnerabilities in its messaging service. According to the company, the security gaps found have already been exploited by a professional group of hackers from China — Hafnium, who attacked a number of US departments, organizations, universities, government contractors, NGOs, and analytical centers in order to steal classified data.

Before that, it became known that an unknown hacker tried to poison a city in the United States by hacking a water treatment plant.