The Manitoba Provincial Nominee Program (MPNP) has issued more invitations for provincial immigration. (more…)
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Macron calls on EU to ‘defend European interests resolutely’ from Trump tariffs | Trump tariffs
The French president, Emmanuel Macron, has called on the EU to “defend European interests resolutely” after Donald Trump threatened to impose 30% tariffs on nearly all imports from the EU.
He said the EU should be ready for a trade war and to stand up to the US president who was only last week expected to approve a 10% tariff agreement in principle with the bloc.
“It is more than ever up to the commission to assert the union’s determination to defend European interests resolutely,” Macron said on social media. “In particular, this implies accelerating the preparation of credible countermeasures, by mobilising all the instruments at its disposal, including anti-coercion, if no agreement is reached by 1 August.”
Other European leaders called for calm, including in Italy, the Netherlands, Germany and Ireland. But reflecting the shock around the bloc over Trump’s threat, the influential Federation of German Industries (BDI) said Trump’s announcement was “a wake up call for the industry on both sides of the Atlantic”.
Macron’s call for trade war readiness came in contrast to Berlin, which urged a “pragmatic” response. “The EU now must, in the time that remains, negotiate in a pragmatic manner a solution with the United States,” Germany’s economy minister, Katherina Reiche, said in a statement. “A pragmatic outcome to these negotiations must be reached quickly.”
Giorgia Meloni, the prime minister of Italy, who enjoys good relations with Trump, said in a statement she trusted “a fair agreement” could be reached. “It would make no sense to trigger a trade war between the two sides of the Atlantic,” she said.
The Dutch prime minister, Dick Schoof, said on social media the EU “must remain united and resolute” in its aim to reach a “mutually beneficial” deal with the US.
Ireland’s deputy prime minister, Simon Harris, said “there is no necessity to escalate the situation”. Trump has previously accused Dublin of stealing US business by luring in tech and pharma companies.
Ambassadors are to meet in Brussels on Sunday to discuss tactics ahead of a scheduled summit of trade ministers on Monday where divisions in approach may be underlined.
The threat of a 30% tariff is being seen as a negotiating tactic, but behind the scenes there is fury with many viewing it as a dangerous transatlantic game at at time of grave global instability.
Trump’s latest salvo is in line with his April “liberation day” claim that the EU was charging unfair duties of 39% on US imports, an analysis widely discredited with EU officials pointing to an average of about 2.5%.
Trump’s ‘liberation day’ tariff chart. Photograph: Alex Wong/Getty Images Some MEPs have warned that if they start accepting “illegal” tariffs as the new norm, Trump will just come back for more. “It is matter of showing the EU is not a victim, is not paralysed in itself or scared,” the Italian MEP Brando Benifei, a member of the international trade committee, said last week.
Germany’s Association of the Automotive Industry warned about the prospect of rising costs for carmakers and suppliers and said it was “regrettable that there is a threat of a further escalation of the trade conflict”.
Germany’s car industry is already reeling from the 25% hike in tariffs on exports to the US on top of the pre-existing 2.5%, while its steel industry is having to cope with punitive tariffs of 50%.
It is understood the agreement in principle that was on Trump’s table offered potential tariff relief for any European car manufacturers with plants in the US, which included Mercedes Benz, BMW and Volkswagen along with the Swedish brand Volvo.
Last week the Swedish finance minister called the agreement “really bad” while at the same time saying that some economic pain was inevitable.
EU-US trade is worth €1.4bn a year but just three countries – Germany, Italy and Ireland, with its large multinational pharma sector – export more to the US than they import.
Emanuele Orsini, the president of Confindustria, the confederation of Italian industry, said the EU must not escalate. “Now we all need to keep calm and hold our nerve,” he said.
But in the north of the country, the Confindustria Veneto president, Raffaele Boscaini, said there would have to be supports for industries in the event of higher tariffs. “The EU and the Italian government will have to intervene with concrete measures to support the competitiveness of our companies: investment and access to credit, bureaucratic and fiscal relief as well as the definition of energy policy,” said Boscaini, who is head of marketing at Masi, the leading producer of Amarone wine, which would be hit hard by a 30% tariff.
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“Dror 1”, Israel's national communications satellite, produced by Israel Aerospace Industries, has sent its first signals to the control station – EDR Magazine
- “Dror 1”, Israel’s national communications satellite, produced by Israel Aerospace Industries, has sent its first signals to the control station EDR Magazine
- Israel’s most-advanced communications satellite successfully launched into space The Times of Israel
- Late-night SpaceX rocket launch in Florida: Where to watch from Daytona, New Smyrna Beach Yahoo
- SpaceX launches GTO 1 mission from Cape Canaveral Space Force Station in Florida Florida Today
- Israel Launches Communications Satellite From Florida Barron’s
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This Sleek Apple-Compatible Tracker Fits in Your Wallet Like a Credit Card – PCMag
- This Sleek Apple-Compatible Tracker Fits in Your Wallet Like a Credit Card PCMag
- A four-pack of Apple AirTags drops to $65 for Prime Day Engadget
- iPhone users: Meet the tracker that helps you stop losing things RVtravel
- Apple’s AirTag 4-Pack Drops to Record Low $67.99 Price for Prime Day MacRumors
- Top Amazon deals: Apple AirTag 4 Pk only $64.99, AirPods Pro 2 Earbuds only $149 (40% off), LifeStraw Water Filter only $9.95 (43% off) WRAL.com
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The Private-Equity Maneuver Allowing More Investors to Cash Out – The Wall Street Journal
- The Private-Equity Maneuver Allowing More Investors to Cash Out The Wall Street Journal
- Private Equity Shops Bet on Rivals’ Funds as Deal Rut Persists Bloomberg
- New Mountain to raise $2B secondaries fund for GP-led deals PitchBook
- Why private equity giants are investing in each other’s deals Pensions & Investments
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British and Irish Lions: Henry Pollock aiming for Test series whitewash over Australia
Despite having only one international cap, former England scrum-half Danny Care believes Pollock should be included in the squad for the first Test against the Wallabies.
Josh van der Flier, the World Player of the Year in 2022, Wales captain Jac Morgan, the in-form Ben Earl, and Tom Curry – who started all three Lions Tests against South Africa in 2021 – are all in contention for the open-side flanker spot.
However, Pollock’s two starts in Australia have come at number eight against Western Force and at blind-side flanker on Saturday.
Ireland’s Tadhg Beirne, who has captained the side twice in Australia, England’s Ollie Chessum and Curry are all in contention to start at at blind-side flanker, with Jack Conan or Earl the leading contenders to start at number eight.
Pollock’s usual position is open-side flanker, where he is yet to start under Farrell, but his versatility and eye-catching breaks may make his X-factor energy suited to an impact role off the bench.
“Pollock is great for that squad,” Care told BBC’s Rugby Union Weekly.
“He’s great for the coverage and for the fans.
“Everyone loves him. If you weren’t an England or Henry Pollock fan before, I think you are now. You can see just how much he loves being out there with the boys.
“He may make an error every now and then, but I think he’s special – a special player who will do special things.
“This series is a lot tougher than the Lions have seen so far. I don’t think the Lions have even scratched the surface of how good this Australian team could be.
“You might just need Pollock’s energy in the 23. It’s mad saying this about a 20-year-old.”
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Will China hit its mid-year growth target? – Financial Times
- Will China hit its mid-year growth target? Financial Times
- China’s economy likely grew 5.2% in Q2 despite trade war Qatar Tribune
- China’s Economic Crossroads: Infrastructure and Green Tech as Growth Anchors Amid Stimulus Expectations AInvest
- China’s export growth expected to edge up in June amid delicate truce with US: Reuters poll Reuters
- China Economy chronicleonline.com
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For Algorithms, Memory Is a Far More Powerful Resource Than Time
That classic result was a way to transform any algorithm with a given time budget into a new algorithm with a slightly smaller space budget. Williams saw that a simulation based on squishy pebbles would make the new algorithm’s space usage much smaller—roughly equal to the square root of the original algorithm’s time budget. That new space-efficient algorithm would also be much slower, so the simulation was not likely to have practical applications. But from a theoretical point of view, it was nothing short of revolutionary.
For 50 years, researchers had assumed it was impossible to improve Hopcroft, Paul and Valiant’s universal simulation. Williams’ idea—if it worked—wouldn’t just beat their record—it would demolish it.
“I thought about it, and I was like, ‘Well, that just simply can’t be true,’” Williams said. He set it aside and didn’t come back to it until that fateful day in July, when he tried to find the flaw in the argument and failed. After he realized that there was no flaw, he spent months writing and rewriting the proof to make it as clear as possible.
At the end of February, Williams finally put the finished paper online. Cook and Mertz were as surprised as everyone else. “I had to go take a long walk before doing anything else,” Mertz said.
Valiant got a sneak preview of Williams’ improvement on his decades-old result during his morning commute. For years, he’s taught at Harvard University, just down the road from Williams’ office at MIT. They’d met before, but they didn’t know they lived in the same neighborhood until they bumped into each other on the bus on a snowy February day, a few weeks before the result was public. Williams described his proof to the startled Valiant and promised to send along his paper.
“I was very, very impressed,” Valiant said. “If you get any mathematical result which is the best thing in 50 years, you must be doing something right.”
PSPACE: The Final Frontier
With his new simulation, Williams had proved a positive result about the computational power of space: Algorithms that use relatively little space can solve all problems that require a somewhat larger amount of time. Then, using just a few lines of math, he flipped that around and proved a negative result about the computational power of time: At least a few problems can’t be solved unless you use more time than space. That second, narrower result is in line with what researchers expected. The weird part is how Williams got there, by first proving a result that applies to all algorithms, no matter what problems they solve.
“I still have a hard time believing it,” Williams said. “It just seems too good to be true.”
Williams used Cook and Mertz’s technique to establish a stronger link between space and time—the first progress on that problem in 50 years.Photograph: Katherine Taylor for Quanta Magazine
Phrased in qualitative terms, Williams’ second result may sound like the long-sought solution to the P versus PSPACE problem. The difference is a matter of scale. P and PSPACE are very broad complexity classes, while Williams’ results work at a finer level. He established a quantitative gap between the power of space and the power of time, and to prove that PSPACE is larger than P, researchers will have to make that gap much, much wider.
That’s a daunting challenge, akin to prying apart a sidewalk crack with a crowbar until it’s as wide as the Grand Canyon. But it might be possible to get there by using a modified version of Williams’ simulation procedure that repeats the key step many times, saving a bit of space each time. It’s like a way to repeatedly ratchet up the length of your crowbar—make it big enough, and you can pry open anything. That repeated improvement doesn’t work with the current version of the algorithm, but researchers don’t know whether that’s a fundamental limitation.
“It could be an ultimate bottleneck, or it could be a 50-year bottleneck,” Valiant said. “Or it could be something which maybe someone can solve next week.”
If the problem is solved next week, Williams will be kicking himself. Before he wrote the paper, he spent months trying and failing to extend his result. But even if such an extension is not possible, Williams is confident that more space exploration is bound to lead somewhere interesting—perhaps progress on an entirely different problem.
“I can never prove precisely the things that I want to prove,” he said. “But often, the thing I prove is way better than what I wanted.”
Editor’s note: Scott Aaronson is a member of Quanta Magazine’s advisory board.
Original story reprinted with permission from Quanta Magazine, an editorially independent publication of the Simons Foundation whose mission is to enhance public understanding of science by covering research developments and trends in mathematics and the physical and life sciences.
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Solar Sail Spacecraft Could Improve Space Weather Warnings and Protect Technology – Deccan Herald
- Solar Sail Spacecraft Could Improve Space Weather Warnings and Protect Technology Deccan Herald
- Enhancing orbital safety with better space weather predictions University of Colorado Boulder
- UK hopes to bolster space weather forecasts with Europe’s first solar storm monitor Phys.org
- Spacecraft equipped with a solar sail could deliver earlier warnings of space weather threats to Earth’s technologies The Conversation
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Breakthrough in Humaira Asghar case as police unlock electronic devices
Police investigating the mysterious death of actress Humaira Asghar have made significant progress after successfully unlocking her electronic gadgets, reported 24NewsHD TV channel.
According to officials, three mobile phones, a tablet, and a laptop belonging to the late actress were accessed with the help of a handwritten diary found at the scene, which contained all the relevant passwords.
The devices are now undergoing forensic analysis to trace the actress’s digital footprint, communication history, and online activity.
“We have recorded statements from two individuals and summoned two more for questioning,” police said, adding that Humaira maintained regular contact with a few people in her final days.
Initial investigations revealed that Humaira Asghar was a regular visitor to a gym and beauty salon. Her gym trainer and other associated individuals will also be approached as part of the probe.
“We are also reviewing her financial activity by analysing her bank accounts,” a senior officer confirmed.
See Also: Fiza Ali breaks down over Humaira Asghar tragedy
The SSP South has constituted a formal inquiry committee headed by the SP Clifton to oversee the investigation. However, police stressed that any legal case will only be registered after the post-mortem and chemical examination reports are received.
“So far, nothing suspicious or indicative of foul play has been recovered from her apartment,” police noted.
The forensic and chemical reports are expected to provide crucial insights into the cause of death and
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