Global Scans · Competition · Weekly Summary

• [New] In an era marked by globalization, businesses are increasingly looking beyond their domestic markets to seize opportunities for growth, revenue enhancement, and competitive positioning on the global stage. Conventus Law
• [New] Top officials from the U.S. Air Force and Space Force have outlined their fiscal year 2025 budget priorities to support the continued implementation of the 2022 National Defense Strategy and optimize operations to meet challenges posed by competition with China. Executive Gov
• [New] Cheap and abundant natural gas gives North America a competitive energy advantage over other countries, which will only increase if / when natural gas becomes more widely used, especially if it becomes the fuel of choice for transportation. The Trading Desk Notes by Victor Adair
• [New] Solid-state batteries offer the potential to overcome the limitations of traditional liquid electrolyte batteries and have become a focal point in the global power battery competition. CarNewsChina.com
• [New] The Competition and Markets Authority has identified key risks to fair competition in AI Foundation Models, growing concerns as AI rapidly develops in the financial industry. FinExtra
• [New] Continued efforts to enhance stability and predictability will further strengthen Vietnam's global competitiveness and unlock its full potential. VietnamPlus
• In the current era of global supply chain restructuring prompted by the intensifying strategic competition between the United States and China, the NSP has the potential to contribute to Taiwan's de-risking strategy. The Diplomat
• Australia needs a new wave of economic reform to drive growth, improve competitiveness, lift productivity and create the next generation of prosperity and opportunity. SmartCompany
• The Network Innovation Competition is an annual opportunity for UK electricity network operators to compete for funding for the development and demonstration of new technologies, operating and commercial arrangements. National Grid
• Nations like the United States and China have made significant strides in DTs, shaping future strategic competitions where technological absorption will determine success. Legacy IAS Academy
• While South Korea is seen as a global cultural powerhouse and is known for strong semiconductor exports, domestically the younger generation is struggling, with cut-throat competition in education, fewer job opportunities and sky-high housing costs. EWN
• As the US regards North Korea as the more immediate threat and China the long-term systemic rival, cooperation on North Korea could become a common cause. 38 North
• Ontario will consider information sessions to increase awareness of new applications for hydrogen and other clean fuels to improve industrial competitiveness as investors consider their environmental and sustainability goals. Ontario.ca
• The Ministry of Energy will undertake its own third-party led feasibility study to explore opportunities to establish new low-carbon hydrogen or clean fuel hubs in Ontario to give Ontario business a competitive edge by enhancing their abilities to develop and adopt low-carbon technologies. Ontario.ca
• Promoting effective competition: the FCA will improve the attractiveness and reach of UK wholesale markets, support firms to invest, innovate and expand through its innovation services, and continue to make it quicker and easier for firms to apply for authorization. Taylor Wessing
• Ensuring access to cutting-edge computing infrastructure will attract more global AI investment to, develop and recruit the best talent, and help Canadian businesses compete and succeed on the world stage. The Bubble
• Any loss of access to Chinese legacy chips could wreak havoc for Germany's auto producers, for example, who are already struggling with intense competition in the transition to electric vehicles. DW.COM
• Economic decline in China will have consequences for global competition for world markets that has become increasingly acute as China continues to extend its sphere of economic influence and poses a threat to the independence of Taiwan. phys.org
• Regional connectivity programmes and access to / innovation in critical national infrastructure serve as physical manifestations of multipolar strategic competition and will come to define the trajectory that insurgencies such as the one in Myanmar may take in the future. Eurasia Review
• New digital technologies are increasingly a driver of geopolitical competition and barometer of global influence, and are used by foreign actors to threaten the security and integrity of the EU and its Member States, to manipulate the information environment and to interfere in democratic processes. EEAS
• Once the Digital Markets, Competition and Consumer Bill is adopted (Royal Assent is expected in April), the CMA will have powers to impose significant fines - up to 10% of worldwide turnover - on companies found to have engaged in greenwashing. Conventus Law

Last updated: 21 April 2024