The EU executive suggested on Monday to exempt from value added tax (VAT) goods and services related to natural disasters and public health emergencies, made available by the Commission, EU bodies and agencies to EU countries during the pandemic.
There are real fears that because the digital revolution is still in its early days, major mistakes will be made. These could be in the areas of data management, delayed processes, or even situations where an algorithm effectively makes the final decision. So the fear is that fundamental human rights would be infringed, says Séamus Boland, President of the EESC Diversity Europe Group, in an interview to EUROPOST.
EU banks managed to decrease the level of non-performing loans in their portfolios, Reuters reported. The level of bad loans was reduced to a record low of 2.63%, ECB figures showed. The latest slump in bad credits was registered in the last quarter of 2020. This is the lowest level of bad credits since the start of supervision in 2015, despite a deep and scarring Covid-19 related recession that will likely weigh down on the EU economy for the next several years.
The Commission launched an invitation to all more than 1,000 members of the European Clean Hydrogen Alliance to submit projects for renewable and low-carbon hydrogen technologies and solutions.
A star-studded lineup of soloists is set to appear in a 15 April concert of the Sofia Philharmonic. World-renowned violinist Daniel Hope, whose Europe@Home concerts during the lockdown have been viewed by hundreds of thousands of classical music lovers, will play Benjamin Britten's Violin Concerto. Opera star Alexandrina Pendatchanska is performing the final scene of Richard Strauss's opera Salome. The programme will also include the national orchestra's performance of a fragment of Richard Wagner's opera Tristan and Isolde. The event's conductor will be Grigor Palikarov.
UK cyber security company Darktrace backed by tech entrepreneur Mike Lynch announced it was launching an estimated $4 billion London listing, Reuters reported. The main objectives linked to the IPO plans were tied to securing new funds to accelerate product development and strengthen its balance sheet. Darktrace was founded in 2013 in the university city of Cambridge. It uses AI to understand IT networks and detect attacks by identifying unusual behaviour.
The EU executive suggested on Monday to exempt from value added tax (VAT) goods and services related to natural disasters and public health emergencies, made available by the Commission, EU bodies and agencies to EU countries during the pandemic.
Leading members of Germany's Christian Democrats (CDU) are giving their support to party boss Armin Laschet to be the country's next chancellor after elections in September, dpa reported. The autumn polls will see Chancellor Angela Merkel leave the post after over 15 years at the helm.
Iran charged on Monday that its arch-enemy Israel was "of course" behind an attack on its main nuclear site, the Natanz uranium enrichment plant, and vowed "revenge... in due time".
Greece's high schools reopened on Monday after a five-month closure to curb coronavirus infections with precautions including virus tests for students and teachers twice per week, the education minister said.
The pressure on Japanese electronics conglomerate Toshiba is increasing as major shareholders urged the management to seek new options for potential buyers to compete to the $20bn buyout offer from CVC Capital partners, Reuters reported. The intentions of CVC were to take off Toshiba from the stock exchange and transform it in a private company in a move to improve corporate governance and improve market performance.
EU banks managed to decrease the level of non-performing loans in their portfolios, Reuters reported. The level of bad loans was reduced to a record low of 2.63%, ECB figures showed. The latest slump in bad credits was registered in the last quarter of 2020. This is the lowest level of bad credits since the start of supervision in 2015, despite a deep and scarring Covid-19 related recession that will likely weigh down on the EU economy for the next several years.
France launched yet another initiative, aimed at curbing carbon emissions. Under new amendments in legislation all domestic flights that could be substituted by train travel for under two and a half hour routes will be permanently suspended, Reuters reported. The move is the last in a series of actions targeted to lower green house gases. For the transport companies it comes on top of pandemic driven reduction of business and profits.
Europost 
