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The European Union (EU) has signed a major ministerial declaration to bring together the blocs member states and combine their collective resources to realise the potential of 5G mobile networks across the EU, and make Europe a global leader in future mobile networking technology.

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Signed in Tallinn, Estonia, the current holder of the rotating EU presidency, the declaration of intent sets out to establish a common baseline on 5G standards in Europe, and confirm the willingness of the blocs members to position Europe as a lead market.

Everybody and everything will be using 5G networks to communicate in the future, and I am very glad that we managed to sign the declaration, said Urve Palo, Estonian minister for entrepreneurship and IT.

This indicates that all member states are thinking about the future and are willing to boost connectivity and Europes digital competitiveness to the next level. 5G will allow faster internet connections across Europe and make it possible to develop new technologies, such as connected cars, innovative industrial machines and e-health initiatives, added Palo.

Current estimates hold that there will be 26 billion connected devices in use worldwide and 70% penetration of the worldwide population just three years from now, therefore Brussels wants 5G to form the backbone of its Digital Single Market strategy.

The declaration itself sets out a number of steps that EU members are committing to take around encouraging the fastest possible roll-out of 5G and related services. It stresses the need to create the right preconditions to help the technology meet its potential, including making more spectrum available and co-ordinating frequencies across borders.

5G ensures smooth and nearly independent connectivity not only for individual users, but also for various devices in different business sectors, said Estonias Palo.

The EU has previously set out a number of ambitions around 5G. During this years Mobile World Congress trade fair in Barcelona, it released a report saying that taking a vertically focused approach to 5G would be extremely important. Its report identified a number of industries that will be well-placed to take advantage of 5G in various ways, including autonomous vehicles, healthcare and manufacturing.

In spite of this, there are some who still believe that whatever 5G ambitions are set out at the government level, Europe will inevitably lag somewhat behind extremely advanced economies such as Japan and South Korea.

A recent analyst report suggested this might be partly because European mobile operators feel the need to extract the maximum possible return on investment on existing 3G and 4G infrastructure.

Besides the 27 remaining EU member states, the declaration was also signed by Norway and the UK. The UK government has previously set out its own ambitions and strategy around 5G, and committed millions of pounds to fund the construction of some of the first pilot networks by leading academics in this country.

However, despite previous statements from Westminster insisting that purposefully excluding British industry and research from cross-EU efforts as a result of the 2016 vote to leave the bloc will not have a negative effect, the true impact of Brexit remains unknown.

See more here:
The European Union brings member states together to lead on 5G - ComputerWeekly.com

There were close to 23 million unemployed people ofworking age in the EU in 2015 but around 50 millionpeople in a broader category of labour slack,encompassing inactive people wishing to work andunderemployed, involuntary part-timers as well as theunemployed, according to a new report from Eurofound, the Dublin-based EU Agency.

The unemployment rate is an important andwell-publicised measure of labour market performance indeveloped market economies. It is currently high in the EUcompared with other developed countries and still wellabove its historical average nearly a decade after thebeginning of the global financial crisis.

But focusingexclusively on the unemployment rate fails to take accountof other numerically important manifestations of labourmarket slack -or simply labour slack.

Labour market slack is the shortfall between the volume of work desired by workers and the actual volume of work available.

The aim of this report is to develop a more nuanced estimate of labour slack using EU Labour Force Survey data, which allows involuntary part-timers and inactive people with some labour market attachment to be identified and quantified.

The most important indicator of labour slack is the unemployment rate, but an exclusive focus on this fails to take account of the four-fifths of the jobless population who are inactive rather than unemployed. Many people in this group have some form of labour market attachment they would like to work, are seeking work or are available to work. In addition, many part-time workers would like to work longer hours.

The authors calculate that there were around 50 million people in the broad category of labour slack in 2015 and that labour slack has been slower to fall in response to the recovery than unemployment.

Download the report:Estimating labour market slack in the European Union

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Estimating labour market slack in the European Union - EU News

The UK is readying itself to submit a crucial application to the World Trading Organisation (WTO) outlining how it intends to trade with the rest of the globe after Brexit.

And Londons case will be strengthened as the document is set to be a joint proposal alongside the European Union, which will need to amend its own membership terms after losing the worlds fifth biggest economy.

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According to sources in Brussels the EU and the UK are planning to put forward a combined dossier with their plans for the future to bosses at the WTO in the early Autumn.

Officials said securing a smooth transition from being a WTO member inside the EU to being one outside it is important to UK officials who are championing a vision of a Global Britain.

The UK is currently a member of the global trading bloc but has for the last 40 years given up its seat to the EU Commission, which represents the 28 member states in all trading matters.

And the EUs support for Britains rehabilitation as an individual member will come as a big boost to Downing Street, with some commentators predicting there could be a tricky legal road ahead.

Brexit supporters are likely to argue it shows that, despite some of the poisonous political rhetoric flying around, both sides have a deep interest in a mutually beneficial and pragmatic trading relationship in the future.

An EU source said: Currently we are in talks with the United Kingdom to come to a joint approach on the matter, on all the aspects of the divorce, with regard to the WTO."

They added: "And I would think that, come the month of September/October, we will be able to come jointly to the rest of the (WTO) membership.

The plan is [that] we would explain together how we would see the disentanglement of the United Kingdom from the EU commitments and schedules.

The joint approach would address aspects of the EUs WTO membership terms, known as its WTO schedules, that are not easily split between Britain and the other 27 EU members.

These would include thorny issues for the UK outside the EU including agricultural tariff quotas, agricultural subsidies and commitments on services trade.

Asked how important it was to finalise revision of the WTO terms of membership before the EU and Britain formally divorce, the source said: I have the impression that the United Kingdom believes that is important.

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Eurocrats are also keen to ensure that an agreement is in place between Britain and the EU over an ongoing trade dispute involving the European firm Airbus, which could result in a large fine.

The US is challenging the EU over billions of dollars of European support to the aircraft manufacturer, including from the UK Government, which they say breaches WTO rules on fair competition.

A smooth transition to full, independent WTO membership would be a major coup for Theresa May and leading Brexiteers and would help dispel doom-mongering amongst some Remain backing economists.

It would represent a major plank in the PMs vision for a Global Britain, which advocates replacing EU membership with a truly worldwide approach to trade and investment.

Read more:
Brexit progress: Britain set for brave new trading role...and EU is HELPING us achieve it - Express.co.uk

Qualcomm Inc (QCOM) lost an appeal Monday in its battle against a $665,000 daily fine from European Union antitrust regulators, Reuters reported.

The chipmaker was accused of using anticompetitive strategies to squeeze British software maker Icera out of the market. Qualcomm asked the EU's Luxembourg-based General Court to suspend the order last month.

Qualcomm said the competition authority's demands would cost no less than 3 million euros, but Court President Marc Jaeger said Qualcomm didn't "give any explanation as to why it would be impossible to seek compensation for the alleged financial costs it would suffer by answering the questions."

Qualcomm stock traded slightly down after the market's open.

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Amazon wants to upend every business, or so it seems: New day, a new business Amazon (AMZN) wants to dip its toes in. The latest looks to be the meal kit space, TheStreet reports.

In a July 6 trademark application, Amazon subsidiary Amazon Technologies Inc. revealed it's planning "prepared food kits composed of meat, poultry, fish, seafood, fruit and/or and [sic] vegetables...ready for cooking and assembly as a meal," as well as primarily grain-based offerings.

The product's tagline: "We do the prep. You be the chef." Amazon already sells other companies' meal kits, including Tyson Foods Inc.'s (TSN) Tyson Tastemakers. Martha Stewart is even offering meal kits on Amazon Fresh, the company's grocery delivery service. But, this may be the first hint of something bigger for Amazon, which would put it in direct competition with newly minted IPO Blue Apron (APRN) .

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Qualcomm Loses Appeal Against European Union $665000 Daily Fine - TheStreet.com

Former British Prime Minister Tony Blair. Charles McQuillan/Getty Images

Very few people in North America use post-nominals in their everyday life. Nonetheless, once in a while you see the odd business card with B.A. (hons) after a persons name. But do you know what the post nominal U.E. means?

Its short for United Empire Loyalist and is used by Canadians who are descendants of those who fought to keep America a British territory.The King granted the soldiers 200 acres each in Quebec. Todays U.E.s have an association, UELAC,which is the opposite of the Sons of the American Revolution.

As Britain approaches Brexit, it is increasingly clear that there are a group of Brits who are fiercely loyal to the European Union. Like the United Empire Loyalists, they will stop at nothing to avoid the territory they live in crashing out of the empire they love so much. They are more than just a cause group; many are willing to act in a treasonous fashion to get what they want.

The leader of the opposition, Jeremy Corbyn, travelled to Brussels to hold secret talks with the EU. It isnt known what he pledged, but it included the $60 billion the EU wants as a divorce bill.

There are Members of Parliament who want to force the British government to disclose its negotiating position. This act would give the EU negotiators an advantage, guaranteeing a bad deal for Britain.

Their cheerleader in chief is former British Prime Minister TonyBlair, a discredited figure in Britain due to a series of bad decisions that lead to British involvement in the war in Iraq. Many believe British involvement in Iraqmade the country less safe than it was before.

Blairis pushing to have the Brexit referendum ignored. He toldthe BBC that he too was negotiating behind Prime Minister Theresa Mays back. Alas, his honesty only goes so far; he wont say what hes been promising.

The schism between these establishment figures and the ordinary people of the British colony is now too big to bridge.

The establishment should accept they have lost and do what the United Empire Loyalists did: leave the colony and settle in a place ruled by the country they are loyal to. I would merrily giveBlair 200 acres in Belgium and even the post-nominal EUL for European Union Loyalist.

Of course, the European Union Loyalists will suggest that I want to forcibly remove 48 percent of the U.K. population, but that is not the case. Most people who voted are not soldiers in the Brexit war; they are ordinary people who were asked for their views and expressed them. Most want whats best for Britain; they are not loyal to the EU.

The United Empire Loyalists could have remained in the U.S. after independence, but they (rightly) concluded they should not stay in a country they fundamentally disagreed with. They did not want to contribute to a newly independent nation, so they did not insult the founding fathers intelligence by pretending to try.

Im not suggesting forcing British nationals to leave the U.K., but I think some of them ought to think long and hard about giving Britain the space to recreate itself.

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Tony Blair and His European Union Loyalists Should Move to Belgium - Observer