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EU’s big bid to challenge Chinese influence

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2 years ago

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The EU is to release details of a global investment plan, seen as a rival to China’s Belt and Road initiative

Insiders of the project say it’ll set out “concrete” ideas on digital, transport, climate and energy schemes.

It’s regarded as part of the West’s efforts to counter Chinese influence in Africa and elsewhere.

European Commission President Ursula von der Leyen will present the “Global Gateway” initiative on Wednesday

The EU is looking at how it can leverage billions of euros, drawn from member states, financial institutions and the private sector.

Mrs von der Leyen said in her State of the Union speech in September: “We want investments in quality infrastructure, connecting goods, people and services around the world.”

Wednesday’s 14-page document isn’t likely to explicitly pitch itself as a rival to China’s strategy. The Commission also studiously avoided mentioning China when pressed about the plans on Tuesday.

But Andrew Small, a Senior Transatlantic Fellow at the German Marshall Fund, says the backdrop is inescapable: “Global Gateway wouldn’t exist if you didn’t have Belt and Road.”

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Microsoft reporting for duty with top tier title

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6 hours ago

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May 21, 2024

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Major Gamepass addition are on the way, with Call of Duty: Black Ops title.

Reports suggest this as the largest addition to the service since its launch, indicating a strategic effort to boost subscription numbers in a challenging market. The decision, likely to be officially announced during the upcoming Xbox Games Showcase on June 9, reflects a shift in the gaming landscape and Microsoft’s commitment to Game Pass. Despite potential drawbacks such as upsetting existing subscribers and sacrificing direct sales revenue. #Featured #Trending

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Can Taiwan’s new President ease tensions with China?

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7 hours ago

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May 21, 2024

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Taiwan’s newly elected President Lai Ching-te made a bold plea to China, urging the nation to halt its aggressive rhetoric and military threats towards Taiwan.

The statement comes amid escalating tensions between the two sides, raising concerns about the potential for conflict in the region.

The Taiwanese President Lai Ching-te emphasised the importance of peaceful coexistence and dialogue between the two countries, stressing the need for mutual respect and understanding.

Professor Tim Harcourt from UTS and host of the Airport Economist joins to discuss.

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Hollywood star speaks out against ChatGPT after AI steals voice

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7 hours ago

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May 21, 2024

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In a recent interview, Hollywood star Scarlett Johansson expressed her surprise at the uncanny similarity between her voice and that of an OpenAI chatbot.

On this episode of Ahron & Mike Live – It’s AI madness! Hollywood star Scarlett Johansson speaks out against AI, Microsoft partner with Qualcomm and Google unveil Project Astra.

Ticker’s Ahron Young & Mike Loder discuss. #featured

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