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Finland: Pipeline Leak Likely Caused by 'External Activity'
Damage to an underwater gas pipeline and telecommunications cable connecting Finland and Estonia may have been a deliberate act, according to Finnish authorities.
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Southeast Asian Casinos Emerge as Major Enablers of Global Cybercrime
A growing number of casinos in Cambodia, Laos and Myanmar are engaging in large-scale money laundering, facilitating cyberfraud that is costing victims in America and abroad billions of dollars, according to new research by the United Nations.
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Sam Bankman-Fried Trial Shines Light on the Rise and Fall of Cryptocurrency and Concerns About Its Use in White-Collar Crime
While Sam Bankman-Fried’s crime – he is accused of orchestrating a conspiracy to use $10 billion that FTX’s customers had entrusted to him for venture capital investments, political donations and luxury real estate purchases — may seem complicated because bitcoin is involved, a criminology expert says it really comes down to traditional embezzlement.
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How Foreign Investment in U.S. Land Affects Food Security
The United States has approximately 1.3 billion acres of privately held agricultural land, including forestland. Out of these 1.3 billion acres, around 40 million acres were under full or partial foreign ownership as of 2021. Current foreign agricultural holdings represent 3.1% of the country’s privately owned agricultural land.
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What’s Causing the Panama Canal Logjam
Low water levels have, the result of prolonged drought conditions, led to a traffic jam at one of the world’s busiest maritime passages. The Panama Canal Authority has capped the number of ships that cross the canal each day, and has restricted their maximum weight and draft, or how deep below the waterline a ship sits. The bottleneck demonstrates how accelerating climate change is threatening global supply chains.
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Book Review: How Xi Jinping Derailed China’s Peaceful Rise
In just one decade, Xi Jinping managed to dismantle the collective leadership system carefully crafted by Deng Xiaoping; sour China’s relations with most of its neighbours; and set China on a collision course with the United States. A new book offers an answer.
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AI Risks to the Financial Sector
In a world where AI algorithms can already analyze real-time financial information and make high-stakes trading decisions with little or no human oversight, our financial regulations are failing to keep up. A professor of computer science and engineering identifies new concerns that recent AI advances pose for financial markets.
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NSF invests $35M in future manufacturing
Manufacturing is a linchpin of the U.S. economy, bolstering national security, economic growth, and American employment. The National Science Foundation (NSF) makes targeted investments in the future of manufacturing research and helps grow the manufacturing workforce.
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The Contribution of High‐Skilled Immigrants to Innovation in the United States
Innovation and technological progress are key determinants of economic growth. There is growing evidence that immigrants play a key role in U.S. innovation. Based on a 2003 survey, U.S. immigrants with a four‐year college degree were twice as likely to have a patent than U.S.-born college graduates.
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Wind and Solar Power Could Significantly Exceed Britain’s Energy Needs
Britain’s energy needs could be met entirely by wind and solar, according to a policy brief from Oxford University. Wind and solar can provide significantly more energy than the highest energy demand forecasts for 2050 and nearly ten times current electricity demand (299 TWh/year). The research shows up to 2,896 TWh a year could be generated by wind and solar, against the demand forecast of 1,500 TWh/year.
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The BRICS Expansion and the Global Balance of Power
In early September, the BRICS group of five countries with emerging economies announced it would expand its ranks by six nations. This would loosely link together countries representing about 30 percent of global GDP and 43 percent of global oil production. MIT political scientist Taylor Fravel examines the potential and limitations of a bigger BRICS group of countries — and what it means for the U.S.
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U.S., Latin America to Boost Cybersecurity
Countries up and down the Western Hemisphere are looking to eliminate weaknesses in their cyber infrastructure that could give potential adversaries, including China and Russia, the ability to do extensive damage by exploiting a single vulnerability.
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Germany: Copper Theft Hits Critical Infrastructure, Business
Metal theft by criminal gangs in Germany is alarming the public and businesses. This year, the newspaper found, copper thefts have already led to 2,644 train delays, totaling well over 700 hours. The disruptions will worsen as copper prices rise.
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Tech War: Is Huawei's New Chip a Threat?
The US-China chip war is heating up after Huawei launched a new phone featuring technology that Washington was hoping to keep out of China’s reach: China’s largest chipmaker SMIC has surprised the West by creating a homegrown 7nm chip. Will the United States respond with more sanctions?
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Climate Risks Place 39 Million U.S. Homes at Risk of Losing Their Insurance
From California to Florida, homeowners have been facing a new climate reality: Insurance companies don’t want to cover their properties. According to a report released today, the problem will only get worse. “Sound pricing is going to make it unaffordable to live in certain places as climate impacts emerge,” says one expert.
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More headlines
The long view
Ransomware Attacks: Death Threats, Endangered Patients and Millions of Dollars in Damages
A ransomware attack on Change Healthcare, a company that processes 15 billion health care transactions annually and deals with 1 in 3 patient records in the United States, is continuing to cause massive disruptions nearly three weeks later. The incident, which started on February 21, has been called the “most significant cyberattack on the U.S. health care system” by the American Hospital Association. It is just the latest example of an increasing trend.
Chinese Government Hackers Targeted Critics of China, U.S. Businesses and Politicians
An indictment was unsealed Monday charging seven nationals of the People’s Republic of China (PRC) with conspiracy to commit computer intrusions and conspiracy to commit wire fraud for their involvement in a PRC-based hacking group that spent approximately 14 years targeting U.S. and foreign critics, businesses, and political officials in furtherance of the PRC’s economic espionage and foreign intelligence objectives.
European Arms Imports Nearly Double, U.S. and French Exports Rise, and Russian Exports Fall Sharply
States in Europe almost doubled their imports of major arms (+94 per cent) between 2014–18 and 2019–23. The United States increased its arms exports by 17 per cent between 2014–18 and 2019–23, while Russia’s arms exports halved. Russia was for the first time the third largest arms exporter, falling just behind France.
LNG Exports Have Had No Impact on Domestic Energy Costs: Analysis
U.S. liquified natural gas (LNG) exports have not had any sustained and significant direct impact on U.S. natural gas prices and have, in fact, spurred production and productivity gains, which contribute to downward pressure on domestic prices.