The European Union’s push to bar Chinese suppliers from its critical infrastructure under a proposed new Cybersecurity Act would cost the bloc a jaw-dropping €367.8 billion (US$431.4 billion) over the next five years, a new study has warned.
The law’s vast price tag comes from the need to rip out and replace huge amounts of Chinese hardware – a task that alone could cost €146.2 billion – with other losses stemming from resource reallocation, service disruptions, employment adjustments and legal.
The European Union’s push to bar Chinese suppliers from its critical infrastructure under a proposed new Cybersecurity Act would cost the bloc a jaw-dropping €367.8 billion (US$431.4 billion) over the next five years, a new study has warned.
The law’s vast price tag comes from the need to rip out and replace huge amounts of Chinese hardware – a task that alone could cost €146.2 billion – with other losses stemming from resource reallocation, service disruptions, employment adjustments and legal...
More than 4 million small parcels from China have arrived at the freight airport in Liege, Belgium, every day since the beginning of the year. On the receiving end, the Belgian customs inspection team at the airport has only 80 members.
Belgium’s top customs official, Kristian Vanderwaeren, said the airport, close to the Netherlands, Germany and France, was built, in part, to cater to e-commerce platforms such as Amazon, Shein, Temu and Alibaba.
But the “explosion” in the number of small parcels
More than 4 million small parcels from China have arrived at the freight airport in Liege, Belgium, every day since the beginning of the year. On the receiving end, the Belgian customs inspection team at the airport has only 80 members.
Belgium’s top customs official, Kristian Vanderwaeren, said the airport, close to the Netherlands, Germany and France, was built, in part, to cater to e-commerce platforms such as Amazon, Shein, Temu and Alibaba.
But the “explosion” in the number of small parcels...
The wind industry smells opportunity in Europe. At an expo in Madrid this week, the convention floor was abuzz as hundreds of European, American, Japanese and Korean exhibitors vied to pitch their products, knowing the continent urgently needs to shore up its energy security amid the US-Israel war on Iran.
But there was one glaring absence: not a single company operating a booth was Chinese, with China’s participants only networking from the sidelines. At a time when many in Europe seek a rapid.
The wind industry smells opportunity in Europe. At an expo in Madrid this week, the convention floor was abuzz as hundreds of European, American, Japanese and Korean exhibitors vied to pitch their products, knowing the continent urgently needs to shore up its energy security amid the US-Israel war on Iran.
But there was one glaring absence: not a single company operating a booth was Chinese, with China’s participants only networking from the sidelines. At a time when many in Europe seek a rapid...
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