European union

Jan Struijs, president of the Dutch police union, has claimed his country, the Netherlands, is a narco-state, with drug dealing criminals operating a parallel economy. Struijis says the Netherlands, often praised by left-liberals for its drug decriminalisation policies , is now a “narco-state 2.0” where criminal dealers have become so influential they compete with the official Dutch economy. “I call the Netherlands a narco-state 2.0 because drugs pump so much money into the legal economy that it takes over. It undermines democracy but also the economy,” Struijis told Swedish broadcaster SVT. According to SVT, the massive illegal drugs black economy has influenced various parts of the official economy of the Netherlands, including housing prices and some companies that operate legal businesses but have been taken over by drug dealing criminals. Along with influencing on the economy, drug dealing groups and mafias have also threatened and killed journalists and lawyers in … [Read more...] about Police Union Head: Netherlands Now a Narco-State with Parallel Economy

The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, a victory for President Joe Biden and his fellow Democrats hoping to keep their slim majority in Congress in November midterm elections. The final vote was 243 to 187, with one Democrat - Representative Sara Jacobs - voting present. Twenty-four Republicans joined 218 Democrats in backing the measure. Passage sends the bill to the White House, where Biden is expected to sign it into law as soon as early next week. , The Senate passed the "Chips and Science" act with bipartisan support on Wednesday, after more than a year of effort. A rare major foray into U.S. industrial policy, the bill provides about $52 billion in government subsidies for U.S. production of semiconductors used in everything from automobiles and high-tech weaponry to electronic devices and video games. It also … [Read more...] about US Congress passes bill to boost chipmakers, compete with China

A group of Dutch farmers blocked the entrance to a paper factory in the Eastern Netherlands on Wednesday with their tractors to protest the double standards of the government’s green agenda. Tractors descended on the town of Renkum in the Gelderland province on Wednesday, surrounding and blockading the Parenco paper mill, which has not been subjected to the same nitrogen emissions requirements that the globalist administration of PM Mark Rutte is demanding of farmers throughout the country. The Rutte coalition government is attempting to force farms to reduce their nitrogen output by between 70 and 95 per cent by 2030 in order to supposedly comply with the European Union’s Natura2000 agenda, which seeks to classify vast swaths of land throughout the bloc as protected environments in order to shutdown surrounding industry. The main target of the Dutch government so far has been farmland, with estimates predicting that the nitrogen limits would force 30 per cent of livestock … [Read more...] about Dutch Farmers Block Paper Factory to Protest Green Double Standards

The US President, Joe Biden , will sign a bill on August 9 to subsidize the US semiconductor industry and boost efforts to make the United States more competitive with China , the White House said. The legislation aims to alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games. Thousands of cars and trucks remain parked in southeast Michigan awaiting chips as the shortage continues to impact automakers. , Michigan working to attract chip manufacturers under new US bill, says governor US plans to limit shipments of chipmaking equipment to memory chip makers in China A rare major foray into US industrial policy, the bill provides about $52 billion in government subsidies for research and US production of semiconductors. It also includes an investment tax credit for chip plants estimated to be worth $24 billion. "The bill will supercharge our efforts to make semiconductors here in … [Read more...] about biden: White House on Joe Biden to sign bill to help chipmakers compete with China

Far-left extremists in the Netherlands have threatened to attack farms in the country belonging to “right-wing nationalists”. The threat by far-left extremists in the Netherlands comes as farmers continue to fight EU green agenda measures in their country that could result in the closure of up to 30 per cent of livestock farms, something local government officials have decreed is part and parcel of an “unavoidable transition”. According to a report by Der Telegraaf , extremists have threatened that they will soon occupy barns of “far-right nationalists” — also known as farmers trying to protect their livelihoods — in the country, and let lose livestock from their pens. “From next week we will occupy livestock farms and free the animals from the mega stables,” the publication reports one online declaration associated with the extremists as saying, who also took time to denounce the farmers themselves. “They are right-wing nationalists and comparable to Nazis for the … [Read more...] about Far-Left Threatens to Attack Businesses of ‘Right-Wing’ Dutch Farmers

The European Union 's securities watchdog has begun preparations for increased scrutiny of crypto transactions after the bloc agreed to groundbreaking rules to regulate what it called a " Wild West " sector, a public tender document showed. While cryptoasset firms will be licensed by national regulators in the 27-country bloc, the European Securities and Markets Authority (ESMA) will monitor the bigger players. , ESMA put out a public procurement request on Tuesday to suppliers of trading data on crypto transactions, including spot trades and derivatives. Crypto firm Nomad hit by $190 million theft Financial watchdog in New York State fines Robinhood's crypto division $30 million It excludes transactions from blockchain, or the distributed ledger technology, which underpins cryptocurrencies like bitcoin. "The coverage should encompass all major exchanges and crypto assets so that it provides a fair representation of the … [Read more...] about cryptocurrency: EU securities regulator to arm itself with cryptocurrency data

Hungarian prime minister Viktor Orbán issued an astonishing denunciation of the United States’ governing Democrats at a speech in Texas, telling American conservatives they “hate you and slander you and the America you stand for.” Prime Minister Viktor Orbán’s address to the Conservative Political Action Conference (CPAC) in Dallas, Texas, was made under something of a cloud, with the Hungarian leader having been under sustained attack from the establishment media for a July speech in which he said Hungarians did not wish to follow “post-Western” liberal governments’ immigration policies because they “do not want to become peoples of mixed-race.” These comments were heavily emphasised by media outlets such as the British Broadcasting Corporation (BBC) in their coverage of the CPAC speech — the fact that Orban subsequently clarified that the basis of his stance on immigration “is not biological… it is not a racial issue, it is a cultural issue” and that “it is beyond the … [Read more...] about Hungarian Prime Minister Orban to CPAC: The Democrats ‘Hate’ America

A report by The Times of India has revealed that the government of India is mulling over the possibility of having a single charger for most devices. The report says that the government wants to assess the "possibility of ending the redundancy of having multiple chargers in every household.” If the move does go through then it could be a problem for Apple as the ‘common’ charger could be the Type-C port, which isn’t offered in the iPhone . For years, Apple has given the lightning port in iPhones, even though almost all Android phones these days come with a Type-C port. In fact, even a lot of laptops, true wireless earbuds also feature a Type-C port, which means that a common charger can work for them. Not for Apple though as the Cupertino-based tech giant offers lightning port in iPhones, AirPods and the entry-level iPad. The Type-C port comes with certain models of iPads and the MacBook Pro and Air. , Also Read iPhone 14 launch: Apple wants suppliers to … [Read more...] about apple: Why Apple may face a charger ‘problem’ in India

Qualcomm and GlobalFoundries signed an agreement to more than double their existing long-term manufacturing agreement for chips used in 5G transceivers, Wi-Fi, automotive and Internet of Things (IoT) connectivity. Under a multi-billion dollar revenue agreement, the chips will be produced in GlobalFoundries' factories in the United States, Germany, Singapore and France. , The companies are committed to supporting US-based manufacturing by expanding capacity at GlobalFoundries' most advanced semiconductor manufacturing facility, in Malta, New York. Also Read SoftBank posts $17 billion Vision Fund loss on tech slump Chip stocks decline as Taiwan tensions mount US chipmaker Qualcomm was one of GlobalFoundries' first customers to sign a long-term agreement in 2021 to cover multiple geographies and technologies. GlobalFoundries Chief Executive Thomas Caulfield said in a statement that having Qualcomm as a long-term customer of its upstate New York … [Read more...] about globalfoundries: Qualcomm, GlobalFoundries sign pact to double chip manufacturing

US President Joe Biden signed a landmark bill to provide $52.7 billion in subsidies for US semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts. "The future is going to be made in America," Biden said, calling the measure "a once-in-a-generation investment in America itself." , Biden touted investments that chip companies are making even though it remains unclear when the US Commerce Department will write rules for reviewing grant awards and how long it will take to underwrite projects. Also Read US-led chip alliance not aimed at excluding China: South Korea Chipmaker Micron tempers its projections as demand weakness worsens Some Republicans joined Biden on the White House lawn to attend the signing of the chips bill that was years in the making in Congress . The chief executives of Micron , Intel , Lockheed Martin , HP, and Advanced … [Read more...] about biden: US President Joe Biden signs bill to boost American chips, compete with China