Archived link

• CEOs of European technology companies told CNBC at the Web Summit technology conference this week that the continent should adopt a “Europe-first” approach to tech, after U.S. President-elect Donald Trump’s election victory.
• Andy Yen, CEO of VPN maker Proton, said Europe should “step up” and “be aggressive” to counter U.S. Big Tech firms’ tight grip on many important technologies, such as web browsing, cloud computing, smartphones — and now artificial intelligence.
• Thomas Plantenga, CEO of Lithuania-based used clothing app Vinted, urged Europe to take the “right choices” to ensure it doesn’t get “left behind.”

Archived link

Swedish authorities say they have detected a Chinese ship moving near two telecoms cables that failed within hours of each other on the Baltic Sea bed in recent days.

Prosecutors in Stockholm have launched a preliminary investigation into suspected sabotage, hours after Germany dubbed the cable failure part of a “hybrid operation”.

On Sunday morning at about 10am, Swedish authorities registered problems with a data cable under the Baltic Sea from the Öland island to Lithuania. At 4am on Monday, telecoms operators in Finland and Germany reported problems with another cable called C-Lion-1.

Both cables were damaged in the Swedish economic zone, prompting prosecutors in Stockholm to take the investigation lead.

The Czech secret service has blamed Russia for a series of bomb threats against schools in the Czech Republic and Slovakia, placing more pressure on already strained ties between Prague and Moscow.

Hundreds of Czech and Slovak schools were forced to close for several days in early September due to unprecedented bomb threats via email, according to local media. Nothing came of the threats and no evidence of explosives was found near the schools.

The head of the Czech Republic's secret service, Michal Koudelka, warned the country's parliament on Monday about cyber attacks against Czech entities.

"For example, the threatening emails in September about the placement of explosives targeting a number of schools in the Czech Republic and Slovakia, behind which there is also a clearly visible Russian trace," Koudelka said.

"We are witnessing a kind of globalisation of evil, where the countries of the axis of evil — Russia, China, Iran and North Korea — support, complement and help each other achieve their goals. We are therefore witnessing a phenomenon that is very serious and dangerous," he added. Related

cross-posted from: https://lemm.ee/post/47828372

France's powerful culture minister on Monday locked horns with the country's Roman Catholic establishment on whether tourists should pay to enter Notre Dame cathedral when it reopens next month.

archive.today link

cross-posted from: https://slrpnk.net/post/15360304

Archived: https://archive.is/xMuGi

“The majority of current members of parliament in Germany and even part of the German government, except Chancellor Olaf Scholz, are supportive,” former Deputy Finance Minister Florian Toncar, an FDP politician who lost his job when his party was kicked out of the government earlier this month, told Bloomberg Television on Tuesday.

This week’s decision by US President Joe Biden to allow Ukraine to use its longer-range ATACMS rockets against Russia didn’t prompt Scholz to drop his opposition to supplying the government in Kyiv with similar missiles. That’s a mistake, according to Toncar.

“We want to be in line with our closest allies,” he said in Berlin. “Their position has changed, so should I think also the German position” should change.

The US decision was justified by Vladimir Putin’s move to use North Korean soldiers in his war against Ukraine.

“We need to accept that only firmness and strength is respected ultimately by Mr. Putin,” Toncar said, adding that Russia is conducting psychological warfare and sabotage against Europe. “He is testing our willingness to to be firm on the issue. And so I think we should be.”

Regions in Portugal, Greece, and Romania reported the highest fatality rates. While EU-wide road deaths rose by about 9% between 2020 and 2022, the long-term trend offers hope.

Archived link: https://archive.is/9ju2g

European leaders should be prepared to send military forces to Ukraine to underpin any peace deal engineered by Donald Trump between Kyiv and Moscow, Estonia’s foreign minister has said.

Margus Tsahkna told the Financial Times that the best security guarantee for Ukraine was Nato membership, as requested by Ukrainian President Volodymyr Zelenskyy. But if the US was opposed to inviting Kyiv to join the military alliance, Europe would have to step in with troop deployments once the fighting was over to deter further Russian aggression.

“If we are talking about real security guarantees, it means that there will be a just peace. Then we are talking about Nato membership,” said Tsahkna. “But without the US it is impossible. And then we are talking about any form [of guarantee] in the meaning of boots on the ground.”

[...]

Tsahkna said he did not believe Trump would abandon Nato because it was not in America’s political or economic interests to leave Europe at the mercy of an imperialist Russia. But the Europeans would have to show they were willing to invest more in their own defence.

[...]

With Ukraine now seen as Nato’s first line of defence, it was Europe’s security architecture that could be reshaped in the coming months and not just Ukraine’s fate, he said.

“We just cannot wait on whatever the US decides.”

cross-posted from: https://lemm.ee/post/47755199

https://archive.is/k6cjX

Archived link

Russia is likely ramping up its sabotage operations across Europe, targeting critical infrastructure to destabilize NATO allies and disrupt their support for Ukraine. Recent incidents, including break-ins at water treatment facilities in Finland and explosions at arms factories in Poland, highlight Russia’s use of “gray zone” tactics to undermine Western military, economic, and political capabilities without crossing the threshold of open conflict. Insikt Group’s analysis identifies a pattern of Russian hybrid warfare involving covert operatives, agent networks, and plausible deniability tactics that echo Soviet-era sabotage strategies.

With these tactics, Russia aims to degrade NATO’s capacity to support Ukraine, increase internal tensions, and strain emergency resources.

[...]

Russia’s likely objectives: to degrade NATO's operational readiness, overwhelm emergency response systems, and create an atmosphere of insecurity among European populations.

[...]

Russian sabotage tactics can be categorized into three groups:

• Economic sabotage: Targeting infrastructure essential to economic stability, such as water treatment facilities and supply chains
• Military sabotage: Disrupting arms production, transportation, and military readiness through attacks on weapons factories or logistics hubs
• Political destabilization: Amplifying socio-political divisions and instilling fear within local populations by creating a persistent threat of sabotage

[Edit to replace broken link.]

**The Russian economy is showing more and more signs that growth is slowing, and economists are beginning to talk more and more about stagflation – a combination of low growth and high inflation. As no-one can openly blame the Ukraine war, the Central Bank highlights “external factors,” while business leaders and government-connected economists blame the Central Bank for imposing record high interest rates. **

[...]

An economic slowdown is a very serious problem during a period of high inflation. And, in modern Russia, it is impossible to treat it using Reaganite methods: slashing spending and reducing regulation to attract foreign investment. Cutting funding for the war and the defense sector is politically inconceivable in Russia at the moment. Even acknowledging that the war and sanctions triggered this cycle of overheating and decline is impossible. That means the Central Bank may well end up being held responsible.

[...]

The Central Bank earlier this month published a report analyzing financial flows. The conclusion was that Russia is on the verge of an economic slowdown. In October, the volume of incoming payments via the Central Bank’s payment system (about half of all payments made in Russia) was down 2.9% compared with the third quarter average. This sort of decline was visible in all industries the Central Bank studied.

[...]

The slowdown is not simply due to declining output in the raw material extraction industries (this has been ongoing for several months amid falling export prices), but also a stuttering manufacturing sector. The only place growth is still noticeable is in sectors linked to the military. Everywhere else in the economy growth is absent, or, at best, anemic.

[...]

All this data has prompted economists to revise downward their projections for Russian GDP growth.

[...]

In a report published Monday, economists from the Institute of Forecasting at Russia’s Academy of Science said that “slowing economic activity and deterioration of financial indicators are becoming increasingly evident in a number of sectors.” And Russia’s Center for Macroeconomic Analysis and Short-term Forecasting (CMASF) spoke openly in a report Wednesday about possible stagflation. The center (run by the brother of Defense Minister Andrei Belousov) flagged the risk of a recession and falling productivity, especially in low-profit sectors and industries with long project implementation timeframes.

[...]

Russian business leaders line up to attack Nabiullina

Executives at big Russian companies who are unhappy with interest rates at 21% have been angrily criticizing the Central Bank and its head, Elvira Nabiullina. Influential lobby group, the Russian Union of Industrialists and Entrepreneurs (RSPP), this week even suggested forcing the Central Bank to coordinate its monetary policy with the government.

[...]

cross-posted from: https://lemm.ee/post/47747375

At least three Russian oil refineries could face closures next year as declining exports, high crude oil costs and soaring interest rates lead to mounting financial losses, Reuters reported Friday, citing anonymous sources familiar with the matter.

The Tuapse refinery, a large but “relatively unsophisticated” facility owned by the state-backed oil giant Rosneft, has reportedly halted production multiple times this year. Smaller independent refineries, Ilsky in Krasnodar and Novoshakhtinsky in Rostov, have been operating at half capacity for months due to weak profit margins.

The struggling refineries, which are said to have sought financial support from the government, were also targeted in Ukrainian drone strikes this year. These disruptions have been compounded by the impact of Western sanctions, which force them to sell fuel at discounted rates.

“We expect that the actual [plant] closures may take place at the beginning of next year,” a source says.

[...]

As French farmers take to the streets to oppose a potential free trade deal between the European Union and the Mercosur trade bloc in South America, we take a closer look at what the agreement entails and why the French agricultural sector and government are so strongly opposed. Also in this edition, Donald Trump nominates a fossil fuel industry CEO to head the Energy Department and a Big Tech critic to lead the Federal Communications Commission.

cross-posted from: https://lemm.ee/post/47698444

https://archive.is/rFonq

The Netherlands' foreign minister, whose ministry oversees export restrictions on top computer chip equipment maker ASML, said on Monday that China-Russia trade was "directly affecting" European security.

NATO views China as a "decisive enabler" of Russia in its war against Ukraine, given that Chinese firms are selling goods that end up as components in Russian weapons, including drones, Caspar Veldkamp said before a meeting with European Union foreign ministers in Brussels.

"I raised this twice with the Chinese Foreign Minister Wang Yi and I think as Europeans we should all do this, because this is something that China should be realizing: it is directly affecting European security," Veldkamp said.

[...]

The Dutch government has rolled out a series of progressively tighter export restrictions preventing ASML from shipping its most advanced technology to Chinese chipmakers.

ASML dominates the market for lithography tools, which are essential for making the circuitry of computer chips.

Despite the restrictions, China has still been the largest market for ASML and other top U.S. and Japanese equipment makers over the past year and a half, as Chinese firms expand capacity to make older chips not covered by restrictions, but still adequate for many military purposes.

[...]

Veldkamp said he would discuss what to do about Chinese support for Russia with other EU foreign ministers on Monday.

[...]

cross-posted from: https://lemmy.world/post/22163141

Summary

German manufacturers warn of a severe economic crisis driven by high energy costs, inflation, labor shortages, bureaucratic burdens, and declining demand in key markets like China.

The manufacturing sector, including firms like Volkswagen, Beckhoff Automation, and Ziehl-Abegg, faces stiff competition from China’s booming exports, especially in electric vehicles.

Political instability and inconsistent government policies have worsened the outlook, leading to job loss fears and restructuring.

A fault has been discovered in a vital submarine fiber-optic telecom cable linking Finland and Germany. The outage is currently under investigation by the Finnish cyber security and network company Cinia, which is state-controlled.

Cinia reported that the services facilitated by the C-Lion1 cable are presently down due to the fault. Efforts are underway to identify the precise cause of this issue, affecting a key infrastructure component between the two countries.

The company's statement emphasized their commitment to quickly resolving the disruption to restore communication services back to operation