Recent Posts

Europe’s tech laws should be a matter of principle

The stereotypical view that the European Union is far from the minds of most Europeans is challenged whenever a technology-related topic is on the agenda of the European Parliament. Over the 10 years that I served there, few battles for legislative outcomes were more fiercely contested. But the attendant controversies often lead to protracted processes, ambiguous laws and ineffective regulation. ...

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Essar insolvency ruling risks damage to India debt market

India’s insolvency tribunal has made a dangerous decision. Unless its judgment is quashed, credit costs for India Inc. will surge, shares of state-run banks will swoon and foreign investors will flee. The case concerns the country’s most high-profile bankruptcy, Essar Steel India Ltd. Insolvency judges recently ruled that creditors whose claims are backed by collateral won’t get preferential treatment in ...

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Galileo outage: Why world needs civilian sat-nav system

The European Union’s satellite navigation system, Galileo, has been down since July 11. The outage, the longest-ever of such a service, highlights how difficult it will be to wean the world off its dependence on the US, Russian and Chinese militaries for critical (and lucrative) navigation services. At the time of writing, Galileo’s 24 satellites were listed as “not usable” ...

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