EUROPEAN COMMISSION DAILY NEWS 17th MAY 2019

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EUROPEAN COMMISSION DAILY NEWS 17th MAY 2019
20 May 2019

EUROPEAN COMMISSION DAILY NEWS 17th MAY 2019

Brussels Daily

Juncker Plan: Intrinsic ID secures €11 million loan from European Investment Bank

The European Investment Bank (EIB) has agreed to provide €11 million of finance to Internet of Things (IoT) security technology company Intrinsic ID based in the Netherlands. The company will use the funding to support its expansion in research and development and engineering. The EIB loan is supported under the European Fund for Strategic Investments (EFSI), the main pillar of the Juncker Plan. Intrinsic ID’s products are based on the company’s patented technology, which enables the creation of a digital fingerprint that serves as a unique identity for microprocessors and other semiconductor devices within IoT products. Carlos Moedas, European Commissioner for Research, Science and Innovation, said: “Intrinsic ID clearly has high ambitions in the security technology industry and the EU is proud to support its research and innovation plans. Around a quarter of total investment mobilised under the Juncker Plan has been in RDI which reflects the importance policy-makers place in this area, as well as the high market demand. I wish Intrinsic ID all the best with their future innovations.” A press release is available here. As of April 2019, the Juncker Plan has mobilised almost €393 billion of additional investment, including €11.2 billion in the Netherlands. The Plan is currently supporting 945,000 small and medium businesses across Europe.

Eurostat: The annual rate of inflation has increased to 1.7% in the Eurozone, and increased to 1.9% in the EU (April 2019)

The annual rate of inflation in the Eurozone has settled at 1.7% in April 2019, in contrast to 1.4% in March 2019. One year before, it was 1.2%. The annual rate of inflation of the EU has settled at 1.9% in April 2019, in contrast to 1.6% in March 2019. One year before, it was 1.5%. The weakest annual rates were observed in Croatia (0.8%), in Denmark and in Portugal (0.9% each). The highest levels were registered in Romania (4.4%) and in Hungary (3.9%). In relation to March 2019, annual inflation fell in six member states, remained stable in two and increased in nineteen others. In April 2019 the largest contributions to the level of annual inflation of the Eurozone were provided by services (+0.86%), followed by energy (+0.51%), groceries, alcohol and tobacco (+0.29%) and industry excluding energy (+0.06%). A Eurostat press release is available online.

Code of Practice against disinformation: Commission recognises platforms’ efforts ahead of the European elections

Today, the European Commission published the reports and analysis of the progress made in April 2019 by Facebook, Google and Twitter to fight disinformation. The three online platforms are signatories to the Code of Practice against disinformation and have committed to report monthly on measures taken ahead of the European Parliament elections in May 2019. Vice-President for the Digital Single Market Andrus Ansip, Commissioner for Justice, Consumers and Gender Equality Věra Jourová, Commissioner for the Security Union Julian King, and Commissioner for the Digital Economy and Society Mariya Gabriel said in a joint statement: “We recognise the continued progress made by Facebook, Google and Twitter on their commitments to increase transparency and protect the integrity of the upcoming elections. We welcome the robust measures that all three platforms have taken against manipulative behaviour on their services, including coordinated disinformation operations. They have also provided data on measures to improve the scrutiny of ad placements. However, more needs to be done to strengthen the integrity of their services, including advertising services. Moreover, the data provided still lacks the level of detail necessary to allow for an independent and accurate assessment of how the platforms’ policies have actually contributed to reducing the spread of disinformation in the EU. All three signatories have now created publicly accessible political ad libraries and enabled searches through APIs, which is a clear improvement. We regret however that Google and Twitter were not able to develop and implement policies for the identification and public disclosure of issue-based ads, which can be sources of divisive public debate during elections, hence prone to disinformation. Looking beyond the European elections, all signatories should now step up their efforts to broaden cooperation with fact checkers in all Member States as well as to empower users and the research community. In particular, online platforms need to put in practice their broader set of commitments under the Code of Practice, notably by engaging with traditional media to develop transparency and trustworthiness indicators for information sources so that users are offered a fair choice of relevant, verified information.” The full statement as well as the details on the monthly reports by the platforms are available here.

For more details see European Commission Daily News.

 

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