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Digital Brief: AI package unveiled, European Media Freedom Act, democratic 5G

  “On Artificial Intelligence, trust is a must, not a nice to have. With these landmark rules, the EU is spearheading the development of new global norms to make sure AI can be trusted.” – Margrethe Vestager, Executive Vice President of the European Commission for A Europe Fit for the Digital Age   Story of the week: the European Commission has launched its long-awaited proposal to regulate Artificial Intelligence. The Commission has followed a risk-based approach, increasing regulations and restrictions with the level of risk associated with certain applications, and outright banning those AI uses that are incompatible with EU values. The proposed legal framework has been welcomed by digital companies but has raised concerns around consumer protection and civil rights.

President s Boao speech wins praise overseas

President s Boao speech wins praise overseas By CHEN WEIHUA in Brussels, JAN YUMUL in Hong Kong,JAN YUMUL and LIU HONGJIE in Beijing | China Daily | Updated: 2021-04-22 06:59 Share CLOSE President Xi Jinping delivers the keynote speech via video at the opening ceremony of the Boao Forum for Asia Annual Conference on Tuesday. [Photo/Xinhua] Experts from around the world applauded President Xi Jinping s keynote speech on Tuesday at the Boao Forum for Asia annual conference, where he called for upholding multilateralism, global cooperation and building a future of shared benefits. In the speech titled Pulling Together Through Adversity and Toward a Shared Future for All and delivered via video link, Xi urged all countries to answer the call of our times , defeat the pandemic through solidarity, strengthen global governance and keep pursuing a community with a shared future for mankind.

U K Businesses Burn Cash as Brexit Bureaucracy Takes Its Toll

Breaking free of Brussels bureaucracy was meant to herald a bonfire of red tape for Britain. In the first 100 days of Brexit, the only thing many businesses burned was money. Customs checks, paperwork and border delays since the U.K. completed its withdrawal from the European Union at the start of the year are sucking cash and time out of firms from big-name retailers to small family-owned businesses. Companies, which warned for years that this would happen, take no pleasure in saying “we told you so,” but the frustration is clear as they grapple with the long-term reality. For many businesses on tight margins, every pound spent on documentation means less for wages, hiring and investment. While the impact will be far less dramatic than the short-term shock of the Covid-19 lockdowns, over time it will add up, hobbling the economy and eating into sales, earnings and incomes.

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