EU Looks to Sideline Poland and Hungary With ‘Plan B’ Virus Fund

(Bloomberg) — European Union leaders are readying a back-up plan that can cut budget holdouts Hungary and Poland out of a multi-billion dollar stimulus fund and still hold them to rule-of-law conditions they adamantly oppose.

a group of people walking in the rain holding an umbrella: Main Market Square amid Coronavirus partial lockdown, Krakow, Poland.

© Photographer: NurPhoto/NurPhoto
Main Market Square amid Coronavirus partial lockdown, Krakow, Poland.

The eastern European nations’ leadership dug in on Wednesday against their 25 EU peers at a meeting of government envoys in Brussels. They continued to wield their veto over the aid package aimed at fueling a post-pandemic recovery as the clock ticks down to the end of the year, when a no-deal will trigger an emergency budget for the entire bloc.


Load Error

With Warsaw now saying it can do without the money and Budapest ready to allow EU states to skirt the need for unanimous approval via inter-governmental agreements, officials in the bloc are now focusing on what’s they’re calling “Plan B.”

Read More

Europe’s Plan For Sustainable Agriculture Starts With Running Broadband To Farms

Europe’s Green Deal with farmers includes the broadband internet access they’ll need to save money and the environment.

“If we want to really reform our agricultural policy, we will have to introduce broadband everywhere in the agricultural world,” said Frans Timmermans, the European Commission executive vice-president for the European Green Deal.

“We have to work with precision agriculture,” Timmermans said yesterday at the Web Summit broadcast from Lisbon. “We will have to work with new technologies. We will have to introduce new ways of farming at the very fundamental level.”

Broadband access will enable farmers to quickly identify and respond to diseases in crops and livestock or to deliver fertilizers and other supplements only to those areas of fields where data shows they are needed.

The EU has supported the development of internet platforms for farmers, such as

“With new digital

Read More

17 Education & Technology Readies $288 Million IPO Plan

17 Education & Technology Group (YQ) intends to raise $288 million from the sale of ADSs representing its Class A stock in an IPO, according to an amended registration statement.

Beijing, China-based 17 Education was founded to develop an innovative hybrid offline-online model for tutoring K-12 students in China.

Management is headed by founder, Chairman and CEO Mr. Andy Chang Liu, who was previously principal of Shenyang New Oriental School, along with many years of education experience in offline schools.

The firm provides offline learning materials for free to more than 70,000 schools in China and those offline material service to onboard students into its online tutoring products, which now account for more than 90% of its revenues.

17 Education has received at least $1.37 billion from investors including Shunwei Capital, Fluency Holding, H Capital, CL Lion Investment, Esta Investments, Walden Investments Group and Long Great Holdings.

The firm provides

Read More

DISA pinpoints three technology areas in revised strategic plan

WASHINGTON — The U.S. Defense Information Systems Agency released a revised strategic plan Monday for fiscal 2021 and 2022 that identifies three core technology areas of focus where the agency “must direct our attention to achieve our overall mission objectives.”

The areas are cyber defense, cloud computing and Defense Enterprise Office Solutions. The latter is a new office tools contract. This is the second version of DISA’s strategic plan for fiscal 2019-2022, which was originally released in 2019.

“This refresh incorporates updates to our priorities in light of a changed strategic environment characterized by rapidly shifting global and cyberspace landscapes,” the introduction stated. “In this era of technological advancement in the cyber domain, DISA is continually seeking new ways to meet the needs of the end user that demands responsive, resilient, secure and high-quality IT services.”

In her letter from the director, Vice Adm. Nancy Norton noted that the Defense

Read More

Seer Readies $150 Million IPO Plan

Seer (SEER) has filed to raise $150 million from the sale of its Class A common stock in an IPO, according to an amended registration statement.

Redwood City, California-based Seer was founded to develop instruments to analyze proteins for basic research and discovery.

Management is headed by co-founder and CEO Omid Farokhzad, M.D., who was previously Professor at Harvard Medical School and co-founded BIND Therapeutics, Selecta Biosciences and Tarveda Therapeutics.

Below is a brief overview video of proteomics research:

Source: Sensu Film

The firm is developing what it calls the Proteograph Product Suite, ‘which will leverage our proprietary engineered nanoparticle [NP] technology to provide unbiased, deep, rapid and large-scale access across the proteome.’

Investors in the firm have invested at least $167 million and include Maverick Capital, Invus Public Equities, aMoon Fund, Fidelity, Emerson Collective and T. Rowe Price.

According to a 2016 market research report by Grand View Research,

Read More

U.K. Unveils 5G Plan Banning Huawei Installations From September

(Bloomberg) — The U.K. will ban the installation of 5G equipment from China’s Huawei Technologies Co. by the end of next September.

A Huawei logo sits on display inside a Huawei Technologies Co. store at Menlyn Park Shopping Center in Pretoria, South Africa, on Wednesday, Aug. 12, 2020. Telecom company Rain said it has set up South Africa's first commercial fifth-generation mobile network in two large cities using equipment from China's Huawei.

© Bloomberg
A Huawei logo sits on display inside a Huawei Technologies Co. store at Menlyn Park Shopping Center in Pretoria, South Africa, on Wednesday, Aug. 12, 2020. Telecom company Rain said it has set up South Africa’s first commercial fifth-generation mobile network in two large cities using equipment from China’s Huawei.

The restriction, first reported by Bloomberg last Monday, is part of a 250 million-pound ($333 million) package of measures brought in to diversify Britain’s wireless supply chain announced by the Department for Digital, Culture, Media and Sport. The stricter rules may also help fend off a challenge from lawmakers in the ruling Conservative Party seeking tighter restrictions on the Chinese network equipment maker.


Load Error

British ministers announced in July that Shenzhen-based Huawei would be totally

Read More

Roadside Attractions – A Startup’s Plan To Support Britain’s Green Car Revolution

Petrol driven cars are set to disappear from Britain’s roads rather sooner than expected. Under the government’s updated “Green Industrial Revolution” plan, every new car sold from 2030 onwards must be either electric or an approved hybrid. This replaces a previous deadline of 2040.   

All except the most hardened climate change skeptics will see this as a good thing, but a rapid transition to battery-powered mobility does pose certain short-term problems, not least in terms of providing a workable and user-friendly charging infrastructure.  

As things stand, even a rapid charging point will take around thirty minutes to pump up a battery from empty to full. Arguably that’s not too bad, but it compares unfavorably with the two or three minutes required to fill a petrol tank. Yes, you’re helping to save the planet but a half-hour wait is less than convenient.  


Read More

Rivada, White House lobbying Defense Department on 5G spectrum-leasing plan

But the military has not embraced the proposal, even though it was pushed directly by White House chief of staff Mark Meadows, according to the people, who spoke on condition of anonymity to discuss sensitive internal deliberations.

“I’ll just be honest with you, the department has not embraced spectrum-leasing at this point … there are just so many issues at play including bringing in receipts and dollars into the department, and we don’t know how the DoD would even do that,” said a senior defense official who spoke on the condition of anonymity to discuss the matter freely.

“We’re looking for industry and [other government agencies] to give us some innovative ideas about how that might happen,” the official said.

The lobbying document obtained by The Post shows Rivada proposing that it create a 5G network and rent out that spectrum to private companies such as Netflix, Facebook or Tesla.

Read More

Relativity Space raises $500M to speed up plan to build and launch 3D-printed rockets

Tim Ellis and rocket component
Relativity Space CEO Tim Ellis stands alongside a 3D-printed rocket component. (Relativity Space Photo)

Relativity Space says it’s brought in another $500 million in investment to speed up its effort to build entire orbital-class rockets using 3D printing.

The startup — which was founded in Seattle less than five years ago and is now headquartered in Long Beach, Calif. — has attracted more than $685 million from investors so far, and is said to have a total valuation in excess of $2 billion.

That rise to unicorn status has sparked comparisons to another California-based space venture, SpaceX, even though Relativity has yet to launch a rocket.

In a news release, Relativity Space CEO Tim Ellis said his company is on track to execute the first launch of its Terran 1 rocket from Florida next year, thanks to existing capital on its balance sheet.

“With this new Series D funding, we

Read More

Spain’s vaccination plan to kick off in January

MADRID — Spanish Prime Minister Pedro Sánchez says a national COVID-19 vaccination plan will be launched in January.

Sánchez said the vaccine will be administered at 13,000 locations across Spain and “a very substantial part of the population” can be vaccinated in the first half of next year. Further details will be announced on Tuesday.

Sánchez said Spain’s 14-day cumulative rate of cases per 100,000 of population has fallen below 400.

Spain on Monday began demanding a negative PCR test for COVID-19 for most people arriving in Spain by air or by sea. The measure covers arrivals from 65 countries, including most of the European Union.

Meanwhile, the northeastern region of Catalonia on Monday eased some of the tight restrictions on bars and restaurants and cultural events introduced in mid-October. Although a 10 p.m.-6 a.m. curfew remains, Catalan bars and restaurants can have customers up to 30% capacity indoors and

Read More