UK-EU trade war would be “shocking” & “unnecessary” Taoiseach Micheál Martin tells BBC at #WEF22 saying he did not want to detail and “hopefully” will not have to contemplate EU tariffs against UK exports… urging negotiators to “get in the tunnel” bbc.co.uk/news/business-…
On who is threatening a trade war
Why object to red-green channel
On what is responsible for fall in GB-Ireland trade
& “enormous help” of a veterinary agreement #WEF2022
NEW: @MichealMartinTD says to me on @bbcnewsnight
“hasn't been engagement by UK on the detail…ECJ wasn't, or isn't core issue in terms of unionism”
Red & Green channels sound plausible?
“get involved in discussions. you can't, ignore and not reciprocate (sefcovic plans)”
Taoiseach:
“Britain signed up to this deal…”
But you knew that it wouldn’t be acceptable to unionism?
“There are mechanisms in the Protocol to resolve issues that haven’t been fully used, and if they had we might not be in this situation” #newsnight
“regret to say, I'm not so sure people thought through implications for Good Friday Agreement when Brexit was put forward”
But net result of these threats is that unionism might be turned away from GFA & Protocol?
“only threat here” is the UK one to tear up an international deal
Taoiseach: “Nobody wants a trade war… it would be shocking and totally unnecessary”
But what are we talking about? The EU targeting politically sensitive UK exports?
“Im not going to get into the detail of that” hopefully won’t have to contemplate… #newsnight
Martin: “get down there & negotiate..get trade people involved”
Think UK Govt playing fair?
“I don’t. I don’t think this is fair. Unilateral legislation not correct behaviour. When countries sign an international treaty it should mean something” not discarded in “cavalier manner”
Taoiseach: “I told Uk PM, leaders of France & Germany don’t want minute checks on everything going into NI, want to resolve this”
“We’re not overplaying our hand, hardly playing our hand.
Britain our closest neighbour and friend… no agenda in Ireland, to pick a row with UK”
Me: GB-ROI trade has been hit
Taoiseach:
“has been hit a bit somewhat. And I think that's because …the UK perhaps was not as well prepared for it.”
So you’re blaming that on Britain?
“not all of it, but it's just a fact Brexit means the disruption of trade” #Newsnight
Taoiseach: “we should work out a veterinary agreement that would help enormously. there are ways of solving this. no doubt about that. I've been at pains to say this to my good friends of the British government that there are ways to solve this, if the will is there to solve it.”
NEW Taoiseach @MichealMartinTD : “I haven't been clear that the will is actually there to resolve this [from UK]. And as I say, we're not clear on the landing zone in terms of what would satisfy the UK Government in the end.” #Newsnight
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Staggering to see emails suggest Mandelson advised JP Morgan’s Dimon via Epstein to “mildly threaten” Cabinet colleague Alastair Darling over banker bonus tax.
The Dimon call DID happen, Darling told me about it, including apparent threat to shun gilts & re HQ…
Threats to Darling, Dimon, the gilt market, HQs, apparently orchestrated by Epstein upon advice from financial crisis Cabinet member Mandelson … and a conversation with the late Alastair Darling that has troubled me for a decade and a half, that I would never have imagined unlocked by Epstein files… bbc.co.uk/news/articles/…
And here late Chancellor describing in his book Beyond the Brink how a “v angry” Dimon rang him up in December 2009, days after Mandelsons “mild threat” email
“[Dimon] said that his bank bought a lot of UK debt and he wondered if that was now such a good idea”.
just had confirmed live on BBC Breakfast, from here in Davos, that yes, President Trump sent THAT note to the Norwegian PM saying that because they hadn’t given the Nobel Peace Prize, he could now justify owning Greenland.
At one of the seats of Western power, No 10 Downing Street, the UK Prime Minister is asked TWICE about whether President Trump is thinking rationally…😳
after news emerged that Trump had messaged Norways PM linking Greenland justification to his lack of Nobel Prize
it comes down to compute power, who has it, who can fund it…
When I met Sundar Pichai, his particular pride was not at that point Gemini 3, nor YouTube nor latest smartphone…
but its AI Chip, the Tensor Processing Unit, or TPU, Ironwood
2/ this is hugely economic significant.
raw material of the AI boom is compute power offered by those TPU chips, & more commonly now, by Nvidia’s AI chips, when assembled into pods and racks, and supercomputers capable of training AI models and rapid inference… which I saw at the TPU lab:
🚨 Mind blowing interview with Turing award-winning Yoshua Bengio for @BBCNewsnight one of the three founding fathers of AI, is now warning:
“The worst-case scenario is human extinction.”
AI isn’t just risky — it could end us.
1/10 🧵
📺
2. 🤖 He warns that today’s most powerful AIs are already learning to lie, cheat, even blackmail —
because we’ve trained them to win.
Bengio reveals AI's "scary behavior" & self-preservation tendencies. #AI #AISafety #Blackmail
📺
👁️ In chilling experiments, AI lied to a human to get its task done, says Bengio
🤖 blackmailing an engineer after reading in an email it was going to be replaced.
♟️ choosing to hack a computer to win a chess game
US customs messaging note quietly slipped out last night shows that smartphones, the number 1 Chinese export to the US by value last year, exempted from the 125% tariff… alongside chips, processors, wafers, lcd panels, LEDs etc…
8517.13.00.00
Smartphones
US has excluded the single biggest Chinese export, and certainly the most high profile finished good from the tariffs, without publicly announcing it…
Avoiding the very public repricing of IPhones etc across Apple stores, but only in the US….
While obviously smartphones/ iPhones being exempted is big news for now…
Here’s full list of exemptions according to Harmonised US tariff codes that I plugged into its database… lots of semiconductor parts, circuits, processors, solid state storage, flat panel touchscreens 👀