HiveToday: Resignation in UK, French goverment fully nationalize EDF, Latvia's new conscription law

today (1).png

Today we'll be discussing some of the biggest stories, including France's nationalization of edf and Latvia's reintroduction of military service, but first the UK prime minister resigns.

In shock this morning, the prime minister announced his resignation. The last 48 hours have been utter chaos here in British politics, and at times it's been quite hard to keep up with. In effect, though this morning, Johnson was under insurmountable pressure from his cabinet to quit. In a rather game of thrones style move, even more dramatically, his newly appointed education secretary, Michelle Donalon, resigned after less than 48 hours in her role. In total, Sky News has reported that there have been more than 60 resignations from the government. Questions have started to be asked about whether Johnson might simply not be able to run the government with so few people in post and so few people able to replace those that have resigned. At the end of the day, his position just became untenable. What happens now is anyone's guess.

image.png

Moving on to France, the French government is planning to fully nationalize electricity in France, or EDF. France.state already owns about 80 percent of the energy company. The French PM, Elizabeth Boun, made the announcement during her key policy speech to the national assembly. Buying the shares at the current price would cost the government about 5 billion euros. Boun told the divided parliament that the legislative elections in June, where Macron lost his absolute parliamentary majority, showed that people wanted politicians to do things differently. She also said that we will approach each text or bill in the spirit of dialogue, compromise, and openness. The decision comes after the French government ordered EDF in January to cap wholesale prices at 4% for a year, at a cost of more than 8.5 billion euros.

image.png

The heads of the FBI and MI5 have made an unprecedented joint address, calling China the biggest long-term threat to economic and national security. The Fbi's Christopher Wray and Mi5's Ken McCallum warned western business leaders that the Chinese government is quoted "set on stealing your technology through economic espionage and hacking operations and using it to undercut your business and dominate your market". A Chinese spokesperson for the Chinese embassy said, "the allegations against China by U.S. and UK intelligence officials are completely groundless, and they should abandon the Cold War mentality." Ray and McCallum told business leaders and academics to be cautious and encouraged them to partner with the FBI and MI5.

Latvia will reintroduce compulsory military service. The country's defense minister has announced 15 years after ending the measure amid Russia's war in Ukraine. The minister said the current military system of Latvia has reached its limits, and we have no reason to think that Russia will change its behavior. The country, whose neighbors include Russia and Belarus, has 7,500 active duty soldiers backed up by 1500 NATO troops. Mandatory military service will be phased in next year for men between the ages of 18 and 27, with options available including service in the army or government ministries and services. The new measure will be voted on by parliament later this year while the country scales up its defense capabilities, including building a new military base and increasing spending to 2.5 percent of GDP.

image.png

In a bid to protect high-risk users from cyberattacks, Apple has announced that it will launch a new security feature entitled "lockdown mode" from autumn. The settings, which will be available across iPhones, ipads, and macs, will block a huge array of message attachments, disable link previews, turn off aspects of Javascript, lock down wired conversations to accessories and computers, as well as block invitations and FaceTime calls from unknown sources. The move comes after Google's Project Xero team revealed that iPhones had been targeted by the Pegasus software via a zero-click attachment via imessage. Apple has already launched a lawsuit against NSO Group, the group behind the Pegasus spyware, and is seeking a permanent injunction to block the group from using any Apple software services or devices.