Pinduoduo cements position as world’s fastest-growing consumer internet company with record 788.4 million buyers [Promoted content]

Founded in 2015, Pinduoduo has taken less than six years to become China’s largest marketplace operator with 788.4M buyers.

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Highlights – Motor Insurance Directive: committee vote – Committee on the Internal Market and Consumer Protection

close up of car's fumes emissions in the traffic jam
The Committee on Internal Market and Consumer Protection will vote on the provisional inter-institutional agreement on the Motor Insurance Directive, on 12 July. The amended rules aim to better protect injured people when accidents occur in any EU member state, including domestic victims of an accident caused by a driver from another EU country. They also harmonise minimum amounts of cover. Victims of accidents will also be protected if a liable party’s insurance company goes bankrupt.

Source : © European Union, 2021 – EP

Briefing – Sino-Japanese controversy over the Senkaku/Diaoyu/Diaoyutai Islands: An imminent flashpoint in the Indo-Pacific? – 30-07-2021

The 50-year-old controversy between Japan, the People’s Republic of China (PRC) and Taiwan over the sovereignty of a group of tiny, uninhabited islets and rocks in the East China Sea, administered by Japan and referred to as the Senkaku Islands in Japan, as the Diaoyu Islands in the PRC and as the Diaoyutai Islands in Taiwan has become a proxy battlefield in the growing Sino-US great power competition in the Indo-Pacific, against the backdrop of a widening Sino-Japanese power gap. Since 1971, when the PRC and Taiwan laid claim to the contested islets and rocks for the first time, challenging Japan’s position of having incorporated them into Japanese territory as terra nullius in 1895, possible avenues for settling the controversy have either been unsuccessful or remained unexplored. The PRC’s meteoric economic rise and rapid military modernisation has gradually shifted the Sino-Japanese power balance, nourishing the PRC leadership’s more assertive, albeit failed, push for Japan to recognise the existence of a dispute. Two incidents in the 2010s, perceived by the PRC as consolidating Japan’s administrative control, led to the PRC starting to conduct grey-zone operations in the waters surrounding the islets and rocks with increasing frequency and duration, to reassert its claims and change the status quo in its favour without prompting a war. The EU has held a position of principled neutrality as regards the legal title to the disputed islands. However, the risk of unintended incidents, miscalculation and military conflict arising from the unresolved dispute poses a challenge to regional peace and stability and to the EU’s economic and security interests. The EU’s 2021 Indo-Pacific strategy takes a cooperative and inclusive approach, to promote a rules-based international order and respect for international law. This may include a greater Indo-Pacific naval presence under the strategy’s maritime security dimension.

Source : © European Union, 2021 – EP

At a Glance – Resilient supply chains in the green transition: EU-US Explainer – 28-07-2021

The green transition will increase demand for critical minerals, high capacity batteries, and semiconductors. An electric vehicle requires six times more critical minerals than a conventional car, while an onshore wind power plant requires nine times more critical minerals than a comparable gas-fired plant. Likewise, the lithium-ion battery market is expected to become five to ten times larger by 2030 on account of demand for electric vehicles and stationary storage. Meanwhile, semiconductors underpin virtually every technology, giving them industrial and national security significance. Dependence on a few countries (e.g. China) for these critical inputs and technologies has sparked interest in policies to increase supply chain resilience, for instance through greater domestic production. As the EU and US face similar challenges, in June 2021 they agreed to establish the EU-US Trade and Technology Council, which will also address cooperation on supply chains.

Source : © European Union, 2021 – EP

Briefing – Artificial Intelligence and public services – 22-07-2021

AI has become a key enabling technology in public services and its use has increased over the past two years.Ensuring explainabilty of AI systems in public services is crucial but difficult to achieve in case of black-box algorithms. In AI applications in public services, focus is on law enforcement, surveillance and process optimisation. AI for front-end public services seems less of a priority. There is a growing public concern over the development and use of AI in society. With the increase of its use, the potential for errors and harms also increases.The public sector should lead the way in creating trustworthy AI. Regulatory sandboxing and pre-procurement are key for creating trustworthy AI for public services.

Source : © European Union, 2021 – EP

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