Radical Novelties in Critical Technologies and Spillovers: How Do China, the US and the EU Fare?

Critical technologies including artificial intelligence, semiconductors and quantum computing are attracting attention because of their indispensable nature and their role in national security strategies. We compare China, the United States and the European Union in these technologies and their subfields.We use large language models (LLMs) to identify which patents in these technologies can be considered most groundbreaking (not patented before) and worth replicating. These are ‘radical novelties.’We find that the US clearly dominates quantum. Chinese and EU progress is similar. The US does sl...

UK April CPI above expectations; US stock markets take a breather

Presidential elections in Poland and Romania: would Central Europe remain pro-EU?

Populist movements in Central Europe have gained significant traction in recent years, mirroring a broader trend of right-wing populism across Europe. These movements thrive on the rising polarization within many countries, often fueled by the growing influence of Moscow and deteriorated economic conditions. In Romania, the cancellation of the former presidential election scheduled for 2024 highlighted the risks posed by these nationalist and far-right movements. However, the country experienced a remarkable mobilization in support of a pro-European candidate, signaling a resistance to immed...