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EU needs ‘mountain of investments’ but keep social model: Gentiloni

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EU needs ‘mountain of investments’ but keep social model: Gentiloni

European Commissioner for the Financial system Paolo Gentiloni advised the Brussels Financial Discussion board on Thursday that Europe’s “social mannequin proved to be efficient” by way of the pandemic and should be stored regardless of the financial challenges going through the bloc.

How can we hold Europe’s competitiveness and social mannequin in a quickly altering surroundings?

This was on the coronary heart of the controversy at this yr’s Brussels Financial Discussion board organised by the European Fee on Thursday amidst consultants’ warning that synthetic intelligence has grow to be a actuality and machines can quickly outperform people in some particular duties.

The European Commissioner for Financial system, Paolo Gentiloni, insisted that the one approach Europe could make it’s by preserving its social “acquis”, and addressing the super want for investments whereas transitioning right into a digital financial system.

“It needs to be suitable. I do not assume we’ve got another. Our social mannequin proved to be fairly efficient and powerful. We handed by way of two historic crises (with) the pandemic: well being dimension and the pandemic financial dimension. And in each points, I feel our social mannequin proved to be efficient,” he stated.

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“In fact, we want a mountain of investments, however not on the expense of our social mannequin,” he added. 

Watch the Brussels Financial Discussion board beneath

For the Deputy Prime Minister of Spain, the Iberian peninsula is an efficient instance of how the bloc can acquire competitiveness in each the inexperienced and digital transitions thanks, partially, to state intervention within the vitality market.

“I feel vitality costs are a key aspect of competitiveness that we must always actually cater for to make sure that they’re as little as potential in order to be aggressive on the world stage,” Nadia Calviño advised Euronews.

“Concerning the digitalisation course of, which is de facto unstoppable, we have to be certain that we’ve got a authorized framework in place which offers for the European method to digitalisation, defending our European values and rights. I feel that is one of the best ways actually to make sure that digitalisation is appropriate to our societies and that it’s sustainable within the mid- to long-run” she added.

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Alternatively, commerce union representatives stated that governments have to spend extra on training and coaching so individuals can adapt to the altering labour market.

Additionally they known as for the exclusion of some investments together with greening, digital, well being and training investments from debt and deficit guidelines.

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US scrambles as drones shape the landscape of war: 'the future is here'

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US scrambles as drones shape the landscape of war: 'the future is here'

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FIRST ON FOX: The U.S. Army this week took steps to advance American military capabilities by ordering close to 12,000 surveillance drones small enough to fit in a backpack as the reality of battle shifts in favor of electronic warfare. 

Conflicts around the globe, particularly the war in Ukraine, have drastically changed how major nations think about conducting war, explained drone expert and former U.S. Army intelligence and special operations soldier Brett Velicovich to Fox News Digital.

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The nearly three-year-long war in Ukraine has often depicted scenes not witnessed since World War II, with children loaded onto trains, veins of trenches scarring the eastern front and renewed concern over how the geopolitics of this conflict could ensnare the entire Western world. 

1,000 DAYS OF WAR IN UKRAINE AS ZELENSKYY DOUBLES DOWN ON AERIAL OPTIONS WITH ATACMS, DRONES AND MISSILES

A UJ-22 Airborne (UkrJet) reconnaissance drone prepares to land during a test flight in the Kyiv region of Ukraine on Aug. 2, 2022. (Sergei Supinsky/AFP via Getty Images)

But Ukraine’s scrappy response to its often outnumbered and at times outgunned reality has completely changed how major nations look at the modern-day battlefield. 

“Think about how we fought wars in the past,” Velicovich, a Fox News contributor, said, pointing to the Vietnam War. “When you were fighting the enemy over that trench line, you didn’t know who was over that hill. You saw a red hat and you fired at it.” 

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“Now you have the ability to see what’s over that hill and maneuver your forces quickly based on that,” he added. 

A report by The Wall Street Journal this week said the U.S. Army secured potentially its largest-ever purchase of small surveillance drones from Red Cat Holding’s Utah-based Teal Drones. 

This move is a significant step that the U.S. has been eyeing for more than a decade after terrorists first began employing small-drone tactics against the U.S. military in the Middle East.

According to Velicovich, who routinely visits Ukraine to advise on drone technology, the U.S. is trailing its top adversaries like Russia and China when it comes investment in drone capabilities.  

Ukraine soldiers drone trenches

Ukrainian soldiers look for a drone in a trench at their infantry position in the direction of Kupiansk, Kharkiv Oblast, Ukraine, on March 10. (Diego Herrera Carcedo/Anadolu via Getty Images)

US BRIEFED UKRAINE AHEAD OF PUTIN’S ‘EXPERIMENTAL INTERMEDIATE-RANGE BALLISTIC’ ATTACK

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While the U.S. invested heavily in sophisticated systems like Predator and Reaper drones — which are multimillion-dollar systems designed for intelligence collection and lengthy navigation flight times and possess missile strike capabilities — it is the small, cheaply made unmanned aerial vehicles (UAVs) which are changing battlefield dynamics. 

“These handheld, small UAS systems that you are able to take a drone with a bomb strapped to it [have become] basically an artillery shell now. It’s guided artillery shells,” Velicovich said in reference to Unmanned Aircraft Systems, which include not only the UAV, but also the controller manned from the ground. “Frankly, it’s changing how countries are going to fight wars in the future, and the U.S. has been so slow to get ahead of this.”

It has reportedly taken the U.S. Army some 15 years to start beefing up its Short Range Reconnaissance program with these backpack-sized drones, in part because there was a mental hurdle the Department of Defense needed to push through.

“It’s the mentality of senior leaders,” Velicovich explained. “These guys are hardened battle infantry guys. They didn’t grow up with fancy technology.”

“It really takes a lot of people understanding, changing their thought process. And that’s happening now because of the accelerating war in Ukraine, where they’ve seen how effective drones are,” he said, noting that drones can no longer be dismissed as gimmicks or toys of the future. 

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“Now it’s real. Now it’s here, the future is here,” Velicovich said. “We will never fight another war without drones.”

drone

The U.S. Army has acquired nearly 12,000 Black Widow drones from Red Cat’s Teal Drones in a move to beef up its short-range reconnaissance capabilities as battlefield realities turn to electronic warfare. (Red Cat Holdings)

Teal Drones worked to develop a UAS system based on battlefield needs identified by the U.S. Army, and eventually created the drone that has been dubbed the Black Widow, explained Red Cat CEO Jeff Thompson to Fox News Digital. 

BIDEN ADMINISTRATION TO ANNOUNCE $275 MILLION UKRAINE WEAPONS PACKAGE THIS WEEK

This sophisticated system is capable of being operated by a single man, can resist Russian jammers, has strike capabilities, and can fly in GPS-denied zones — an important factor that has been highlighted by the war in Ukraine.

“The Short Range Reconnaissance drone is really going to be able to help the warfighter be more lethal and be a safer soldier,” Thompson said.

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The U.S. Army greenlighted the purchase of nearly 12,000 drones. Each soldier kitted out with the Black Widow technology will be given what is called a “system,” which includes two drones and one controller — all of which can fit in one’s rucksack. 

Each system, including the drones and controller, costs the U.S. government about $45,000.

But, as Johnson pointed out, Ukraine’s armed forces are going through about 10,000 drones a month — which suggests the U.S. will need to acquire far more than 12,000 drones. 

drone Ukraine

A soldier with the 58th Independent Motorized Infantry Brigade of the Ukrainian Army catches a drone while testing it so it can be used nearby as Russia’s invasion of Ukraine continues, near Bakhmut, Ukraine, on Nov. 25, 2022. (Reuters/Leah Millis)

The war in Ukraine has shown that affordably made drones, particularly FPV drones, which stands for “first-person view,” can be made for as low as $1,000 a drone and frequently strapped with explosives and utilized as kamikaze drones. 

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But drone warfare is about significantly more than sheer quantity — it’s a “power game.”

“This is a cat and mouse game,” Velicovich said, explaining that drone and counter-drone technology, like jamming systems, are constantly evolving. “This is playing out at a level that most people don’t realize.”

“It’s like we were almost peering into the future,” he continued. “We are seeing what’s happening on the ground now, there in Ukraine, and eventually we’ll have to fight a war similar to it, and we just need to be ready.”

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At least 11 killed and dozens injured in Israeli strikes on Beirut

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At least 11 killed and dozens injured in Israeli strikes on Beirut

The strikes came a day after heavy bombardment of Beirut’s southern suburbs and as heavy ground fighting between Israeli forces and Hezbollah militants continues in southern Lebanon, with Israeli troops pushing further into the country.

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At least 11 people were killed and dozens more injured after Israeli airstrikes devastated parts of central Beirut on Saturday – with diplomats scrambling to broker a ceasefire in the country. 

The strike destroyed an eight-story building, leaving a crater in the ground, and was the fourth on the Lebanese capital in less than a week. 

Lebanon’s civil defence said the death toll was provisional as emergency responders were still digging through the rubble looking for survivors. 

A separate drone strike in the southern port city of Tyre killed one person and injured another, according to the country’s National News Agency. 

Israel’s military did not issue a warning for residents to evacuate prior to the strikes in central Beirut and would not comment on those strikes or on the one in Tyre. 

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The news comes as heavy ground fighting between Israeli forces and Hezbollah militants continues in southern Lebanon, with Israeli troops pushing farther from the border. 

US envoy Amos Hochstein travelled to the region this week in an attempt to broker a ceasefire deal to end the more than 13 months of fighting between Israel and Hezbollah, which escalated into full-on war over the last two months. 

More than 3,500 people have been killed and over 15,000 wounded by Israeli bombardment in Lebanon, according to the Lebanese health ministry. 1.2 million people, or a quarter of the Lebanese population, were reportedly displaced by the fighting. 

On the Israeli side, about 90 soldiers and nearly 50 civilians have been killed by rockets, drones and missiles in northern Israel and in fighting in Lebanon. 

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Adani's Bribery Scandal Raises Concern on Market, Public Disclosure Lapses

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Adani's Bribery Scandal Raises Concern on Market, Public Disclosure Lapses
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – In March, Adani Group’s head of corporate finance wrote an email to one of its lenders, calling as “baseless” a media report on the group’s alleged bribery investigation in the United States. That email was also marked to top finance executive …
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