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Despite transatlantic ‘love fest’, EU charts third way in ties with US and China

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Despite transatlantic 'love fest', EU charts third way in ties with US and China
US Secretary of State Antony Blinken‘s first videoconference with European Union foreign ministers last month was so good humoured that some diplomats in Europe described it as a “love fest”.

But two senior envoys who attended said there was no direct response from the ministers gathered in Brussels when Blinken said: “We must push back on China together and show strength in unity.”

Their reticence is partly due to an unwillingness to commit to anything until Washington spells out more fully its China policy under President Joe Biden.

But the ministers were also cautious because the EU is looking for a strategic balance in relations with Beijing and Washington that ensures the bloc is not so closely allied with one of the world’s two big powers that it alienates the other.

The EU also hopes to have enough independence from Washington and Beijing to be able on its own to deepen ties with countries in the Indo-Pacific region such as India, Japan and Australia, EU officials said.

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In a new departure for the EU, they said, the bloc hopes to agree a plan next month that involves a larger and more assertive security presence in the Indo-Pacific, and more development aid, trade and diplomacy.
“We are charting a third way between Washington and Beijing,” an EU envoy in Asia said.Another EU official in Asia expressed concern that the United States had “a hawkish agenda against China, which is not our agenda”.

‘EUROPE ROADSHOW’
Last month’s videoconference was part of an attempt under Biden to rebuild alliances neglected by former U.S. President Donald Trump, who had an antagonistic relationship with both the EU and China.

The White House has embarked on a “Europe roadshow”, a senior U.S. official said, and is in daily contact with European governments about China’s rising power, in “a sustained effort for … a high degree of coordination and cooperation in a number of areas.”

In a sign that the U.S. push on China is having an impact, Germany plans to send a frigate in August to Asia and across the South China Sea, where Beijing has military outposts on artificial islands, senior government officials told Reuters.

The EU is also set to sanction four Chinese officials and one entity – with travel bans and asset freezes – on March 22 over human rights abuses in China’s Uighur Muslim minority, diplomats said.

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In a further sign, when Chinese President Xi Jinping chaired a video summit with central and eastern European countries last month, six EU member states – Bulgaria, Estonia, Latvia, Lithuania, Romania and Slovenia – sent ministers rather than heads of state.

But there is still distrust in Brussels of Washington’s approach to China, even if attitudes in Europe have hardened against China over Beijing’s crackdown in Hong Kong, treatment of Uighur Muslims and the COVID-19 pandemic, first identified in China.

The United States says China is an authoritarian country that has embarked on a military modernisation that threatens the West, and has sought to weaken telecommunications equipment maker Huawei, which it sees as a national security threat.

The U.S.-led NATO military alliance is also beginning to focus on China, but Biden’s administration is still reviewing policy.

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“We ask what their China strategy is and they say they still don’t have one,” the EU official in Asia said.

French President Emmanuel Macron highlighted concerns in some EU states last month by saying that uniting against China would create “the highest possible” potential for conflict.

‘NO ALTERNATIVE’
But the EU is hungry for new trade and sees the Indo-Pacific as offering huge potential.

The EU has a trade deal with Japan and is negotiating one with Australia. Diplomats say countries in the Indo-Pacific want the EU to be more active in the region to keep trade free and open, and to ensure they are not left facing a straight choice between Beijing and Washington.

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France committed to closer ties with allies such as Australia and India with an Indo-Pacific strategy in 2018, followed by the Netherlands, which also has its own strategy, and Germany’s looser set of “guidelines”.

The EU strategy, if agreed, could involve putting more EU military experts in EU diplomatic missions in Asia, training coast guards and sending more EU military personnel to serve on Australian ships patrolling in the Indian Ocean, diplomats said.

It is unclear how much Germany, which has close business ties to China, will commit to any new strategy. German government officials say the EU cannot afford to alienate Beijing despite labelling China a “systemic rival” in 2019.

But French Foreign Minister Jean-Yves Le Drian will travel to India in April to develop the EU’s Indo-Pacific strategy, and the EU aims to hold a summit with India this year.

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France, which has 1.8 million citizens in Pacific overseas territories, has about 4,000 troops in the region, plus navy ships and patrol boats.

“The Indo-Pacific is the cornerstone of Europe’s geopolitical path,” said a French diplomat. “There’s no alternative.”

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Anthropic co-founder Jack Clark warns AI needs a ‘brake pedal’

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Anthropic co-founder Jack Clark warns AI needs a 'brake pedal'

“Society’s response was to come up with a sensible policy and regulatory framework that gave people confidence in oil and the benefits that oil could provide to the world, and meant that you didn’t have to worry about the personalities of the people leading the companies”, Clark said. “That’s clearly where we end up here.”

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Form 144 PHARVARIS N.V. For: 4 June

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Form 144 PHARVARIS N.V. For: 4 June

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Time for government, companies to adopt artificial intelligence: Deloitte India

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The Economic Times

MUMBAI: In the midst of Indian companies battling the Covid-19 disruption, there is a growing realisation and acceptance that artificial intelligence (AI) is not only unavoidable but it must be adopted quickly to remain competitive in the marketplace, Deloitte India CEO N Venkatram told ET.“Indian companies need to re-skill, train, and acquire more relevant talent, if they are to successfully integrate AI technologies. Most importantly, they

( Originally published on Dec 27, 2020 )

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Indian dating apps, services see surge of paying users in small cities

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The Economic Times

NEW DELHI: For Indian dating apps and services, small cities and towns are now driving the growth more than the metros.According to companies like Aisle and Truly Madly, which have millions of users and position themselves as “serious” dating apps, and bespoke high-end dating services like Sirf Coffee, a lot more users from such places are not only keen on using these apps, but also willing to pay for it.While users for these apps from small

( Originally published on Jan 01, 2021 )

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Christian Pulisic gets his own Hershey’s chocolate bar ahead of World Cup

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Christian Pulisic gets his own Hershey's chocolate bar ahead of World Cup

Before Christian Pulisic was dubbed “Captain America” for the U.S. men’s national soccer team, he was just a kid from Hershey, Pennsylvania dreaming about one day scoring the winning goal in the FIFA World Cup. 

Pulisic’s World Cup dreams came to fruition in 2022 in Qatar, but four years later, the Stars and Stripes will have No. 10 back representing the country in the World Cup on home soil. 

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As a result, another popular product from his hometown is honoring their American hero. 

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Christian Pulisic chocolate bar from Hershey's

Hershey’s created a limited-edition Christian Pulisic chocolate bar to honor their hometown hero before the World Cup.  (Hershey’s / Fox News)

Hershey’s, one of the largest chocolate manufacturers in the world, has created a full-circle moment with Pulisic in a way that fans can quite literally taste for themselves. 

Hershey’s is launching limited-edition PULISIC’S Milk Chocolate Bars, which feature custom wrappers with his printed signature on it. 

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“It’s the coolest. I don’t know what else to say,” Pulisic told Fox Business in an interview about how the iconic chocolate brand is honoring him. “Just being a kid from Hershey, Pennsylvania. Growing up there, living chocolate, breathing chocolate, smelling the chocolate from my house. It’s incredible. “Just so many memories. 

“Now, to see my name on a chocolate bar and just be working with Hershey’s during this moment it’s honestly a dream come true.”

Pulisic isn’t kidding either – he would literally smell the chocolate being made in town from his backyard as a kid. 

A PULISIC'S Milk Chocolate Bar made by Hershey's

Hershey’s is honoring their hometown hero, USMNT star Christian Pulisic, with a limited-edition chocolate bar.  (Hershey’s / Fox News)

“Yeah, I mean, there are absolutely times that you do. I remember smelling it more when it rained. It’s just weird and there’s things in the town where you’re used to it,” he said, smiling. 

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The bars will be handed out to the first 5,000 guests at Hershey’s Chocolate World in Hershey, Pennsylvania at 9 a.m. on June 6 for free, while the first 3,000 guests at the Times Square location in New York City at 10 a.m. will also receive the bar. “At Hershey’s, we know your ‘happy place’ is about the people and places that stay with you, and Hershey is that for Christian. The town that raised him and never stopped cheering,” said Katrina Vatter, Hershey’s Senior Brand Manager, in a statement.

Pulisic is entirely focused on making a World Cup run with his 25 brothers also representing the U.S. around him, but he admitted it’s hard to fully wrap his head around what Hershey’s is doing for him as a hometown hero who was just looking to achieve his dreams on the pitch. 

Christian Pulisic hypes up crowd

Christian Pulisic of United States reacts during the international friendly match between United States and Senegal at Bank of America Stadium on May 31, 2026 in Charlotte, North Carolina. (Omar Vega/USSF/Getty Images / Getty Images)

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He’s done much more than that, though. And as the World Cup will be played in the U.S., as well as Mexico and Canada, this year, Pulisic’s impact is even more profound – from Hershey to the far reaches of the 50 states. 

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“I was a kid in the backyard just pretending trying to score the goal to win the World Cup. I mean, that’s just what I was doing back in Hershey, Pa. To now have this moment and it comes full circle, playing in the biggest moment in the world in America, there’s nothing like it. It feels incredibly special,” he said. 

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Govt may keep Rs 7,500 cr outlay for IT hardware manufacturing under PLI scheme

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The Economic Times
NEW DELHI: The government may keep an outlay of Rs 7,500 crore under the production linked incentive scheme for IT hardware products like personal computers, laptops, tablets and servers, according to a source aware of the development.

Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years, while the threshold for domestic firms is likely to be around Rs 20 crore for five years, the source who did not wish to be named said.

“Meity (Ministry of Electronics and Information Technology) will take the Cabinet approval of the detailed guidelines soon and is hopeful of rolling out the scheme from next financial year. The incentive outlay is likely to be around Rs 7,500 crore,” the source said.

The government has announced a cumulative production linked incentive of Rs 2 lakh crore for 10 sectors to encourage domestic manufacturing after seeing traction of global giants like Apple’s contract manufacturers, Samsung etc for the scheme in the mobile devices segment.

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According to mobile devices industry body ICEA, India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to over Rs 7 lakh crore by 2025 through policy interventions.

Scaling up laptop and tablet PC manufacturing can take the share of India in the global market to 26 per cent from 1 per cent at present.