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Opinion: Germany in intensive care – a danger for all of Europe
After Germany's resounding defeat in the race for a seat on the UN Security Council, one thing has become clear: the country is in intensive care. An opinion piece by Euronews' Editorial Director, Claus Strunz. After 16 years of Angela Merkel, marked by major policy mistakes in energy, economic, and migration policy, followed by three disastrous years of a dysfunctional coalition under Olaf Scholz, Friedrich Merz's government is now drifting towards a historic low point.
Replacing US military assets will cost Europeans €500bn, EU defence chief says
As the Trump administration continues pulling back from Europe, Andrius Kubilius warned on Tuesday that Europe can only fill the resulting gap with cooperation and a 'big spend'. The US's ongoing withdrawal of key military assets from Europe will cost €500 billion to replace, European Commissioner for Defence Andrius Kubilius said on Tuesday, warning that the bloc must work together and start producing the “big items” it needs to defend itself – or suffer the consequences. "We have big...
Markets gain and oil drops as Trump's peace signals reassure investors
Oil prices retreated around 4% from Monday’s highs as markets responded positively to US President Donald Trump’s reassuring comments that negotiations with Iran are progressing. Crude prices mostly retraced on Tuesday after jumping at the start of the week as Iran suspended talks with the US and pledged to fully close the Strait of Hormuz, fuelling investor fears that the broader Middle East conflict could escalate rather than move towards a peace deal. At the time of writing, US West Texas...
Kyiv hit Russian military plant using Ukrainian-made Flamingo missile, Zelenskyy says
Volodymyr Zelenskyy vowed to continue Kyiv’s strikes deep inside Russia in response to attacks on Ukraine, but also a way of forcing the Kremlin into direct talks. Kyiv used Ukrainian-made Flamingo missiles to strike a Russian military facility which supplies Moscow forces with components for drones and missiles, President Volodymyr Zelenskyy confirmed on Wednesday. “We continue to apply Ukrainian long-range sanctions against Russian military facilities and the oil industry,” Zelenskyy said...
Quantum Computing Standards & Accounting Information Systems
arXiv:2311.11925v2 Announce Type: replace-cross Abstract: Recent advancements in quantum technology threaten the cryptographic foundations of Accounting Information Systems (AIS), necessitating a transition to quantum-safe standards. This paper investigates why quantum standards fall within the purview of accounting by framing them as essential institutional governance mechanisms that ensure the integrity, auditability, and legitimacy of data.
Quantum Computing Standards & Accounting Information Systems
arXiv:2311.11925v2 Announce Type: replace Abstract: Recent advancements in quantum technology threaten the cryptographic foundations of Accounting Information Systems (AIS), necessitating a transition to quantum-safe standards. This paper investigates why quantum standards fall within the purview of accounting by framing them as essential institutional governance mechanisms that ensure the integrity, auditability, and legitimacy of data. Utilizing neo-institutional theory, the study analyzes...
Equities lose some steam while dollar falls and oil slips
Equities lose some steam while dollar falls and oil slips NEW YORK/LONDON, June 9 : MSCI's global equities gauge pared earlier gains on Tuesday as it saw little support from Wall Street where investors waited anxiously for inflation data while the dollar dipped with oil prices on hopes for easing Middle East tensions after Iran and Israel halted attacks on each other. U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic through the Strait of Hormuz - a key energy conduit - is...
European stocks poised to rebound ahead of key inflation update
LONDON — Futures data pointed to a positive open for European equities on Tuesday, as investors await key data on the economic impact of the U.S.-Iran war. At 6:30 a.m. in London (1:30 a.m. ET), regional Stoxx 50 futures were 0.6% higher. Futures tied to the FTSE 100 were up by 0.3%, while those tied to the French CAC 40 and Germany's DAX gained 0.1% and 0.5%, respectively.
Surrogate Modeling of Interconnector Flows: A Machine Learning Alternative to Full-Scale Power System Simulations with Application to Cross-Border Electricity Exchange
new Abstract: Cross-border electricity exchanges are crucial for operating and planning highly renewable power systems. Many studies reduce spatial granularity to keep the models tractable and prescribe cross-border exchanges exogenously, often by reusing historical import/export time series. Such assumptions become inconsistent as renewable penetration changes the magnitude and timing of flows.
France and Germany agree to disagree, ditch joint next-gen Euro fighter
One of Europe’s two major next-gen fighter aircraft programs has been hit hard by differences between France and Germany, the two main participants, leaving the UK-Italy-Japan's Tempest as the main contender. Reports say that the Future Combat Air System (FCAS, or Système de Combat Aérien du Futur – SCAF – in French) has been shelved by German Chancellor Merz and French President Macron. The program dates back to at least 2017, and was expected to produce a test flight of a technology...