Imagine if Europe had never been introduced to the TV show ‘Game of Thrones’ – or if Ed Sheeran was completely unknown to American audiences. This grim hypothetical world could very well have been the reality if data transfers between Europe and the United States did not exist.
It’s been two years since the UK left the EU’s legal and institutional framework and along with it, the Single Market, the Customs Union and a host of other economic, scientific, educational and social initiatives. As 2023 begins, governments, businesses and citizens on both sides of the Channel are still grappling with the fallout.
For Europe and the world, 2022 was a tumultuous year. The undercurrents of uncertainty that defined last year have not disappeared – Russia's war on Ukraine, higher energy prices, looming trade tensions and the prospect of economic slowdown will continue to be top of mind for businesses, consumers and policymakers across the continent.
Whether you ate 12 grapes at midnight, watched the ball drop in Times Square or went to sleep early, a fresh year is upon us, brimming with new possibilities – and old challenges. Last year started off optimistically with hopes for a transition from the worst of the COVID-19 pandemic to economic recovery.
A decade of digital innovation has reshaped the way the world works. Over the course of the last ten years, Europe's digital economy has undergone massive changes – from the rise of digital services to the growing importance of big data and artificial intelligence.
Let’s say a consumer wants to know what’s in the granola bar that he or she is about to eat. Easily enough, one can flip the packaging around and read through the information, ranging from the number of calories to the list of ingredients and their micros and macros.