Home Latest News Serena rolls to the third round of the U.S. Open after beating the No. 2 seed Kontaveit

Serena rolls to the third round of the U.S. Open after beating the No. 2 seed Kontaveit

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Serena rolls to the third round of the U.S. Open after beating the No. 2 seed Kontaveit


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Jim Snabe is the chairman of Siemens AG and co-chairman of the upcoming Evian Assembly of France’s and Germany’s high businesspeople. 

There’s a story from historic antiquity so insightful we nonetheless use it immediately: the story of the Gordian Knot — a knot so tightly interwoven it’s unattainable to see how it may be untied.  

Within the legend, Alexander the Nice famously resolved the problem by slicing by means of the knot along with his sword. The lesson being that intractable issues can typically greatest be solved by difficult their perceived boundaries — and appearing decisively. 

In some ways, because it presently works its method to strategic autonomy and seeks to ascertain itself as a number one international participant within the transformation towards a extra sustainable future, Europe itself is confronted with a number of Gordian knots, knots for which our present instances of disaster can show a catalyst. 

On the subject of Europe’s strategic autonomy, financial power kinds the premise for robustness in all areas. And Europe — by which I imply European Union establishments, regional and nationwide governments, in addition to its corporations and residents — has give you a spread of long-term financial methods in fields that really matter, equivalent to sustainability, know-how and social inclusivity. The European Green Deal, for one, is the world’s most complete program for a decarbonized financial system.  

However the bloc has usually been gradual in implementing its nice methods. As of immediately, we’re trailing behind China and the USA in a number of crucial areas, from digital platforms and the start-up financial system to information sharing and synthetic intelligence. And now, we’re confronted with the geopolitical turmoil brought on by Russia’s invasion of Ukraine, which weighs on Europe’s financial system far more than on different international gamers.  

The kind of motion wanted from Europe now is just not with out instance. Through the COVID-19 pandemic, Europe confirmed it might probably swap gears — from an incremental and deliberate strategy to at least one outlined by nice agility and a drastic velocity of execution. The push for the event and mass rollout of a vaccine is the proper instance of nice collaboration between EU establishments, governments and trade. Right here, Europe, as a workforce, lower by means of a Gordian knot.   

We ought to be inspired and impressed by that collective achievement and use the present geopolitical disaster as a spark for a similar form of speedy execution in different, crucial areas.  

Renewable power methods 

If Europe had centered on the growth of renewables a decade in the past, strategic autonomy in power issues would, to an incredible extent, already be a actuality. My dwelling nation of Denmark exhibits that it’s doable.  

To make sure, power coverage is an advanced mesh of EU-level, nationwide and regional obligations. Nevertheless, at a second when Europe’s future is on the road, we should speed up the shift to renewables. 

The EU decision this summer season to achieve 40 p.c of renewables within the total power combine by 2030 is the precise plan. The bloc has additionally set the target of decreasing power consumption in 2030 by at the very least 32.5 p.c. However all actors — on the EU, nationwide and regional ranges — should now execute this in unison and with nice velocity. And meaning finishing up a joint accelerated plan throughout all international locations to optimize the whole European power system as one open market. 

Chips for industrial use 

Industrial chips are the heavy-duty electronics that type the spine of recent mobility, manufacturing, healthcare, power grids and related {hardware}. In the event that they’re in brief provide, corporations can’t ship refined merchandise like vehicles, trains, medical gadgets or different equipment, which has ripple results throughout the financial system.  

Europe already has methods in place for securing the long-term provide of extremely miniaturized chips for shopper functions. However we must also be complementing these methods with bold objectives for the decisive short-term growth of commercial chip manufacturing in Europe, one thing that ought to embody shortening the timeline for getting amenities operating all the way down to 18-24 months.  

5G  

The fifth era of cell networks permits industrial gadgets of every kind — from wind generators and manufacturing robots to energy substations — to ship, obtain and analyze information at super velocity and in actual time. It’s a bodily precondition for reaching the following stage of digital trade and the digital financial system. Nevertheless, Europe’s 5G networks are presently insular, patchy and, in lots of locations, non-existent.  

The best obstacle to aggressive 5G protection is the dearth of sizeable funding. In Europe immediately, there are about 150 totally different telecommunications operators, and most of them lack market share and scale — and consequently, the monetary means — to fund the infrastructure improvement wanted for the networks of the longer term.  

To attain 5G protection like in China or the U.S., we might want to consolidate our telecommunications sector, which, in flip, would require rethinking European competitors legislation. If we’re late to 5G, we might be late to digitize our trade and our society, and can lose our aggressive edge. 

Knowledge sharing and synthetic intelligence 

Final however not least, information is on the coronary heart of innovation. Working low-carbon, low-energy metropolis neighborhoods, for instance, requires information on the climate, on consumption patterns at totally different instances of the day and yr, on the accessible provide of renewable power, and so forth. what enabled our battle in opposition to COVID-19.

Nevertheless, totally different information property are sometimes within the arms of many alternative establishments, corporations and operators, and solely by bringing the puzzle items collectively can we see the larger image and achieve deeper insights. That’s why we should give information sharing an enormous enhance. 

Nevertheless, coercion by legislation isn’t the precise strategy to selling creativity and innovation. As an alternative, the EU and nationwide governments ought to spearhead and assist “coalitions of the prepared” in key sectors of the financial system — following the examples of the European Health Data Space or Catena-X within the automotive trade — and this may very well be accomplished by incentivizing such coalitions with public investments, offering governance and authorized safety, and eliminating administrative hurdles. 

Turning disaster into alternative 

We stay in extraordinary instances, with dramatic and heightened geopolitical dangers but additionally vital technological alternatives. In some ways, Europe has outlined the precise technique for the longer term — a technique that can allow the bloc to steer the transition towards a extra sustainable future. Nevertheless, Europe is lagging behind, and to maneuver forward, focus and execution are crucial.  

At international corporations like Siemens, we’ve realized that in instances of fast innovation, velocity wins out over dimension. Accordingly, we’ve reworked a big conglomerate into three centered, agile corporations — every capable of lead the transformation inside their respective areas — and we’re teaming up with small start-ups to innovate and construct scale by means of an open digital platform. 

Our present construction resembles the construction of Europe — a group of distinctive international locations collaborating to outline the longer term. Historically, this construction has led to advanced policymaking and gradual implementation. We have to overcome this by leveraging belief and activating the networks between our international locations, crucial infrastructures.  

Like Alexander the Nice, we have to lower by means of our Gordian knots by appearing decisively to show disaster into alternative, and eventually speed up Europe’s path to a sustainable future.





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