Cloud

SAP To Invest Over 20 Billion Euros In 'Sovereign Cloud' (cnbc.com) 18

SAP will invest over 20 billion euros ($23 billion) in European sovereign cloud infrastructure over the next decade. "Innovation and sovereignty cannot be two separate things -- it needs to come together," said Thomas Saueressig, SAP's board member tasked with leading customer services and delivery. CNBC reports: The company said it was expanding its sovereign cloud offerings to include an infrastructure-as-a-service (IaaS) platform enabling companies to access various computing services via its data center network. IaaS is a market dominated by players like Microsoft and Amazon. It will also roll out a new on-site option that allows customers to use SAP-operated infrastructure within their own data centers. The aim of the initiative is to ensure that customer data is stored within the European Union to maintain compliance with regional data protection regulations such as the General Data Protection Regulation, or GDPR.

[...] Saueressig said that SAP is "closely" involved in the creation of the new AI gigafactories but would not be the lead partner for the initiative. He added that the company's more than 20-billion-euro investment in Europe's sovereign cloud capabilities will not alter the company's capital expenditure for the next year and has already been baked into its financial plans.

EU

EU To Boost Satellite Defences Against GPS Jamming, Defence Commissioner Says (reuters.com) 39

An anonymous reader shares a report: The European Union will deploy additional satellites in low Earth orbit to strengthen resilience against GPS interferences and will improve capabilities to detect it, EU Defence Commissioner Andrius Kubilius said on Monday. His remarks followed an incident on Sunday in which the GPS system aboard European Commission President Ursula von der Leyen's aircraft was jammed en route to Bulgaria. Bulgarian authorities suspect the jamming was due to due to interference by Russia, an EU spokesperson said.
Businesses

Macron Vows Retaliation If Europe's Digital Sovereignty Attacked (bloomberg.com) 72

French President Emmanuel Macron vowed a strong response [non-paywalled source] if any country takes measures that undermine Europe's digital sovereignty. From a report: Earlier this week, US President Donald Trump threatened to impose fresh tariffs and export restrictions on countries that have digital services taxes or regulations that harm American tech companies. France was among the first nations to implement a digital services tax.

"We will not let anyone else decide for us on this matter," he told reporters in Toulon, France, on Friday. "We cannot allow our digital sector or the regulations we have chosen for ourselves, which are a necessity, to be threatened today." Trump has long railed against EU tech and antitrust regulation over US tech giants including Alphabet's Google and Apple.

United Kingdom

Apple Warns UK Against Introducing Tougher Tech Regulation (bbc.com) 45

Apple has warned that "EU-style rules" proposed by the UK competition watchdog "are bad for users and bad for developers." From a report: It says EU laws -- which have sought to make it easier for smaller firms to compete with big tech -- have resulted in some Apple features and enhancements being delayed for European users. It argues the UK risks similar hold-ups if the Competition and Markets Authority (CMA) pushes ahead with plans designed to open up markets the regulator says is too dominated by Apple and Google.

[...] The CMA wants UK app makers to be able to use and exchange data with Apple's mobile technology -- something called "interoperability." Without it, app makers cannot create the full range of innovative products and services, it argues. Apple claims under EU interoperability rules it has received over 100 requests -- some from big tech rivals -- demanding access to sensitive user data, including sensitive information Apple itself cannot access. It argues the rules are effectively allowing other firms to demand its data and intellectual property for free.

Piracy

Apple Pulls iPhone Torrent App From AltStore PAL in Europe (theverge.com) 31

An anonymous reader shares a report: Apple has removed the iPhone torrenting client, iTorrent, from AltStore PAL's alternative iOS marketplace in the EU, showing that it can still exert control over apps that aren't listed on the official App Store. iTorrent developer Daniil Vinogradov told TorrentFreak that Apple has revoked his distribution rights to publish apps in any alternative iOS stores, so the issue isn't tied to AltStore PAL itself.
United States

FTC Warns Tech Giants Not To Bow To Foreign Pressure on Encryption (bleepingcomputer.com) 56

The Federal Trade Commission is warning major U.S. tech companies against yielding to foreign government demands that weaken data security, compromise encryption, or impose censorship on their platforms. From a report: FTC Chairman Andrew N. Ferguson signed the letter sent to large American companies like Akamai, Alphabet (Google), Amazon, Apple, Cloudflare, Discord, GoDaddy, Meta, Microsoft, Signal, Snap, Slack, and X (Twitter). Ferguson stresses that weakening data security at the request of foreign governments, especially if they don't alert users about it, would constitute a violation of the FTC Act and expose companies to legal consequences.

Ferguson's letter specifically cites foreign laws such as the EU's Digital Services Act and the UK's Online Safety and Investigatory Powers Acts. Earlier this year, Apple was forced to remove support for iCloud end-to-end encryption in the United Kingdom rather than give in to demands to add a backdoor for the government to access encrypted accounts. The UK's demand would have weakened Apple's encryption globally, but it was retracted last week following U.S. diplomatic pressure.

United Kingdom

UK is Lagging Behind Rest of World in Tackling Big Tech, Says Fortnite Chief (ft.com) 69

Epic Games CEO Tim Sweeney told the Financial Times that the UK Competition and Markets Authority's December decision to delay mandating alternative app stores on iPhones was a "blunder" that leaves Britain "well behind" other jurisdictions.

The CMA postponed until next year whether to require Apple to allow third-party app stores or sideloading, unlike the EU's Digital Markets Act. Fortnite remains unavailable on UK iOS devices following Epic's years-long dispute over Apple's 30% commission fees. The regulator said it would prioritize forcing Apple and Google to allow alternative payment systems.
ISS

Rare 'Upper Atmosphere Lightning' Photographed From ISS (nasa.gov) 14

Take a look at what being called "a stunning phenomenon," captured in a photo taken from the International Space Station as it passed above a thunderstorm over Mexico and the American Southwest.

So what was it? "A rare form of Transient Luminous Event (TLE) called a gigantic jet," according to a new blog post at Notebookcheck.net: A gigantic jet happens above thunderstorms, firing powerful bursts of electrical charge from the top of the thunderstorm (about 20 km [12.4 miles] above the ground) into the upper atmosphere (about 100 km [62.1 miles] above the ground). The upper part of gigantic jets produces red emissions identical to sprites [large-scale electric discharges above thunderclouds]. But while gigantic jets burst directly from the top of thunderstorms, sprites form independently, much higher in the atmosphere, appearing around 50 miles (80 km) above the Earth's surface.
"If ordinary lightning seems pretty ordinary, upper-atmosphere lightning is something else — an entire zoo of various upper-atmosphere electrical discharges," writes the Severe Weather Europe site.

And NASA made a request in a new blog post this week to any aspiring citizen scientists. "Have you captured an image of a jet, sprite, or other type of TLE? Submit your photos to Spritacular.org to help scientists study these fascinating night sky phenomena!"

Click here to see some of the photos from around the world that have already been uploaded and collected at Spritacular.org.
Earth

Croatia Revises Digital Nomad Visa To Last Up To 3 Years 22

Croatia has extended its digital nomad visa from one year to up to three years, allowing non-EU residents and their close family members to live and work remotely in the country. CNBC reports: A digital nomad visa is a short-term permit that allows individuals to stay in a country for an extended period and work remotely. The length of time a nomad can stay varies from place to place but most countries allow for six months to a year -- unless you have your eye on Croatia. Recently, the Balkan country announced it an update its digital nomad visa, which will allow non-EU residents to stay for up to three years. The visa also permits close family members of a digital nomad to join them.

Croatia's digital nomad visa website states that close family members also include partners or non-married couples who have been together for longer than three years without children, or for less time if they do have children together. Madrid Sartoretto believes that Croatia's expansion of its digital nomad program is a sign that the country is trying to attract more talent and compete with neighboring countries and their offerings.

"I think they are competing with other countries that are in the same region, like Estonia and Romania, that also attract a lot of digital nomads. If you give more benefits to people to come to your country, then you attract more talent. It's all about competition now," she adds. For those looking to apply for Croatia's digital nomad visa, Dr. Madrid Sartoretto says the country offers a low cost of living but still needs to improve its infrastructure, like more reliable internet speeds. "If you compare internet speed and reliability to countries like Romania, which has one of the fastest speeds in the world, Croatia needs to improve its infrastructure," she adds.

To apply for Croatia's digital nomad visa online, applicants must provide proof that they work outside of Croatia. Additionally, they must provide a copy of a valid travel document, proof of health insurance, proof of address in Croatia, and a minimum monthly income of 3,295 euros or $3,855 USD. For proof of income, applicants can submit a bank statement showing the total amount required, a bank statement demonstrating regular income, or pay slips for at least six months. Applicants must also send evidence that they have not been convicted of criminal offences in their home country or the country in which they have resided for more than a year immediately before arriving in Croatia.
Privacy

Proton Begins Shifting Infrastructure Outside of Switzerland Ahead of Surveillance Legislation (techradar.com) 26

Proton has begun relocating infrastructure outside Switzerland ahead of proposed surveillance legislation requiring VPNs and messaging services with over 5,000 users to identify customers and retain data for six months.

The company's AI chatbot Lumo became the first product hosted on German servers rather than Swiss infrastructure. CEO Andy Yen confirmed the decision and a spokesperson told TechRadar that the company isn't fully exiting Switzerland.

In a blog post about the launch of Lumo last month, Proton's Head of Anti-Abuse and Account Security, Eamonn Maguire, explained that the company had decided to invest outside Switzerland for fear of the looming legal changes. He wrote: "Because of legal uncertainty around Swiss government proposals to introduce mass surveillance -- proposals that have been outlawed in the EU -- Proton is moving most of its physical infrastructure out of Switzerland. Lumo will be the first product to move."

The proposed amendments to Switzerland's Ordinance on the Surveillance of Correspondence by Post and Telecommunications would also mandate decryption capabilities for providers holding encryption keys. Proton is developing additional facilities in Norway.
EU

EU Commission Approves $4.8 Billion Prosus' Takeover of Just Eat Takeaway (reuters.com) 7

Prosus has secured conditional approval from the European Union for its $4.8âbillion (4.1 billion euros) acquisition of Just Eat Takeaway, after agreeing to sell down its 27.4% stake in Delivery Hero. Reuters reports: Amsterdam-headquartered Prosus, which is majority owned by South Africa's Naspers, announced the deal in February, banking on its artificial intelligence capability to boost Just Eat Takeaway, Europe's biggest meal delivery company. The European Commission, which acts as the EU competition enforcer, said Naspers offered to significantly reduce its 27.4% stake in Delivery Hero to below a specified very low percentage within 12 months.

Naspers also pledged not to exercise the voting rights with its remaining limited stake in Delivery Hero and also not to increase its stake beyond the specified maximum level. It will not recommend or propose any person to Delivery Hero's management and supervisory boards. Prosus said the EU decision was the final regulatory approval needed to close the offer which ends on October 1 and that if all offer conditions including the acceptance threshold for the deal are met by that date, it will declare its offer unconditional within three business days.
"Our ambition is clear: to build a true European tech champion and lead the next chapter in food delivery innovation," Prosus CEO Fabricio Bloisi said in a statement.

"This decision also sends a clear warning to an industry with recent antitrust issues: we won't tolerate any anti-competitive behaviour that may harm consumers," she said.

After the deal is complete, Prosus will become the world's fourth-largest food delivery company after Meituan, DoorDash, and Uber.
AI

Voice Actors Push Back As AI Threatens Dubbing Industry 142

Voice actors and industry associations are sounding the alarm over the growing use of AI in dubbing, calling for increased regulations to protect quality, jobs and artists' back catalogues from being used to create future dubbed work. "We need legislation: Just as after the car, which replaced the horse-drawn carriage, we need a highway code," said Boris Rehlinger, a voice actor known as the French voice of Ben Affleck, Joaquin Phoenix, and Puss in Boots. "I feel threatened even though my voice hasn't been replaced by AI yet," he said. Reuters reports: In Germany, 12 well-known dubbing actors went viral on TikTok in March, garnering 8.7 million views, for their campaign saying "Let's protect artistic, not artificial, intelligence." A petition from the VDS voice actors' association calling on German and EU lawmakers to push AI companies to obtain explicit consent when training the technology on artists' voices and fairly compensate them, as well as transparently label AI-generated content, gained more than 75,500 signatures.

When intellectual property is no longer protected, no one will produce anything anymore "because they think 'tomorrow it will be stolen from me anyway'," said Cedric Cavatore, a VDS member who has dubbed films and video games including the PlayStation game "Final Fantasy VII Remake." VDS collaborates with United Voice Artists, a global network of over 20,000 voice actors advocating for ethical AI use and fair contracts. In the United States, Hollywood video game voice and motion capture actors this month signed a new contract with video game studios focused on AI that SAG-AFTRA said represented important progress on protections against the tech.
EU

Google Confirms It Will Sign the EU AI Code of Practice (arstechnica.com) 11

An anonymous reader quotes a report from Ars Technica: In a rare move, Google has confirmed it will sign the European Union's AI Code of Practice, a framework it initially opposed for being too harsh. However, Google isn't totally on board with Europe's efforts to rein in the AI explosion. The company's head of global affairs, Kent Walker, noted that the code could stifle innovation if it's not applied carefully, and that's something Google hopes to prevent. While Google was initially opposed to the Code of Practice, Walker says the input it has provided to the European Commission has been well-received, and the result is a legal framework it believes can provide Europe with access to "secure, first-rate AI tools." The company claims that the expansion of such tools on the continent could boost the economy by 8 percent (about 1.8 trillion euros) annually by 2034.

These supposed economic gains are being dangled like bait to entice business interests in the EU to align with Google on the Code of Practice. While the company is signing the agreement, it appears interested in influencing the way it is implemented. Walker says Google remains concerned that tightening copyright guidelines and forced disclosure of possible trade secrets could slow innovation. Having a seat at the table could make it easier to bend the needle of regulation than if it followed some of its competitors in eschewing voluntary compliance. [...] The AI Code of Practice aims to provide AI firms with a bit more certainty in the face of a shifting landscape. It was developed with the input of more than 1,000 citizen groups, academics, and industry experts. The EU Commission says companies that adopt the voluntary code will enjoy a lower bureaucratic burden, easing compliance with the block's AI Act, which came into force last year.

Under the terms of the code, Google will have to publish summaries of its model training data and disclose additional model features to regulators. The code also includes guidance on how firms should manage safety and security in compliance with the AI Act. Likewise, it includes paths to align a company's model development with EU copyright law as it pertains to AI, a sore spot for Google and others. Companies like Meta that don't sign the code will not escape regulation. All AI companies operating in Europe will have to abide by the AI Act, which includes the most detailed regulatory framework for generative AI systems in the world. The law bans high-risk uses of AI like intentional deception or manipulation of users, social scoring systems, and real-time biometric scanning in public spaces. Companies that violate the rules in the AI Act could be hit with fines as high as 35 million euros ($40.1 million) or up to 7 percent of the offender's global revenue.

Android

Say Goodbye To Your Custom ROMs As Samsung's One UI 8 Kills Bootloader Unlock (sammobile.com) 32

Samsung's new One UI 8 update has quietly disabled the ability to unlock the bootloader on all Galaxy devices globally, ending the custom ROM and kernel era for Android enthusiasts. While most users won't notice, the developer community sees this as a major blow to modding freedom -- one that could potentially raise regulatory concerns within the EU. SamMobile reports: A new report highlights evidence found in the Galaxy S25 One UI 8 beta builds that the bootloader unlock option has been removed. A similar change has also been confirmed on the Galaxy Z Fold 7 and Z Flip 7 which are running stable versions of One UI 8. A deep dive into the stable version's code has also confirmed that regardless of the region, the bootloader unlock option will not be available on devices running One UI 8. The enthusiast community won't like it.

They won't be able to use custom ROMs to update devices when the official software support runs out or use custom kernels to extract more performance. However, with most Samsung phones now offering seven years of Android OS upgrades, one can argue that the utility of this capability is not as significant as it once was.

EU

To Fight Climate Change, Norway Wants to Become Europe's Carbon Dump (msn.com) 69

Liquefied CO2 will be transported by ship to "the world's first carbon shipping port," reports the Washington Post — an island in the North Sea where it will be "buried in a layer of spongy rock a mile and a half beneath the seabed."

Norway's government is covering 80% of the $1 billion first phase, with another $714 million from three fossil fuel companies toward an ongoing expansion (with an additional $150 million E.U. subsidy). As Europe's top oil and gas producer, Norway is using its fossil fuel income to see if they can make "carbon dumping" work. The world's first carbon shipment arrived this summer, carrying 7,500 metric tons of liquefied CO2 from a Norwegian cement factory that otherwise would have gone into the atmosphere... If all goes as planned, the project's backers — Shell, Equinor and TotalEnergies, along with Norway — say their facility could pump 5 million metric tons of carbon dioxide underground each year, or about a tenth of Norway's annual emissions...

[At the Heidelberg Materials cement factory in Brevik, Norway], when hot CO2-laden air comes rushing out of the cement kilns, the plant uses seawater from the neighboring fjord to cool it down. The cool air goes into a chamber where it gets sprayed with amine, a chemical that latches onto CO2 at low temperatures. The amine mist settles to the bottom, dragging carbon dioxide down with it. The rest of the air floats out of the smokestack with about 85 percent less CO2 in it, according to project manager Anders Pettersen. Later, Heidelberg Materials uses waste heat from the kilns to break the chemical bonds, so that the amine releases the carbon dioxide. The pure CO2 then goes into a compressor that resembles a giant steel heart, where it gets denser and colder until it finally becomes liquid. That liquid CO2 remains in storage tanks until a ship comes to carry it away. At best, operators expect this system to capture half the plant's CO2 emissions: 400,000 metric tons per year, or the equivalent of about 93,000 cars on the road...

[T]hree other companies are lined up to follow: Ørsted, which will send CO2 from two bioenergy plants in Denmark; Yara, which will send carbon from a Dutch fertilizer factory; and Stockholm Exergi, which will capture carbon from a Swedish bioenergy plant that burns wood waste. All of these projects have gotten significant subsidies from national governments and the European Union — essentially de-risking the experiment for the companies. Experts say the costs and headaches of installing and running carbon-capture equipment may start to make more financial sense as European carbon rules get stricter and the cost of emitting a ton of carbon dioxide goes up. Still, they say, it's hard to imagine many companies deciding to invest in carbon capture without serious subsidies...

The first shipments are being transported by Northern Pioneer, the world's biggest carbon dioxide tanker ship, built specifically for this project. The 430-foot ship can hold 7,500 metric tons of CO2 in tanks below deck. Those tanks keep it in a liquid state by cooling it to minus-15 degrees Fahrenheit and squeezing it with the same pressure the outside of a submarine would feel 500 feet below the waves. While that may sound extreme, consider that the liquid natural gas the ship uses for fuel has to be stored at minus-260 degrees. "CO2 isn't difficult to make it into a liquid," said Sally Benson, professor of energy science and engineering at Stanford University. Northern Pioneer is designed to emit about a third less carbon dioxide than a regular ship — key for a project that aims to eliminate carbon emissions. The ship burns natural gas, which emits less CO2 than marine diesel produces (though gas extraction is associated with methane leaks). The vessel uses a rotor sail to capture wind power. And it blows a constant stream of air bubbles to reduce friction as the hull cuts through the water, allowing it to burn less fuel. For every 100 tons of CO2 that Northern Lights pumps underground, it expects to emit three tons of CO2 into the atmosphere, mainly by burning fuel for shipping.

Eventually the carbon flows into a pipeline "that plunges through the North Sea and into the rocky layers below it — an engineering feat that's a bit like drilling for oil in reverse..." according to the article.

"Over the centuries, it should chemically react with the rock, eventually being locked away in minerals."
EU

Apple Set To Stave Off Daily Fines, EU To Accept App Store Changes (reuters.com) 9

Apple is expected to avoid hefty daily fines from the EU by modifying its App Store policies -- allowing developers to direct users to external payment options and adjusting its fee structure. Reuters reports: The company last month said developers will pay a 20% processing fee for purchases made via the App Store, though the fees could go as low as 13% for Apple's small-business program. Developers who send customers outside the App Store for payment will pay a fee between 5% and 15%. They will also be able to use as many links as they wish to send users to outside forms of payment.

Apple made the changes after the EU antitrust enforcer handed it a 500 million euro ($586.7 million) fine in April, saying its technical and commercial restrictions prevented app developers from steering users to cheaper deals outside the App Store in breach of the Digital Markets Act. The company was given 60 days to scrap the restraints to comply with the DMA aimed at reining in Big Tech and giving rivals more room to compete. The European Commission is expected to approve the changes in the coming weeks, although the timing could still change, the people said. "All options remain on the table. We are still assessing Apple's proposed changes," the EU watchdog said.

EU

Five EU States To Test Age Verification App To Protect Children (reuters.com) 65

France, Spain, Italy, Denmark, and Greece will pilot an age verification app to better protect children online, as part of the EU's push to enforce its Digital Services Act. Reuters reports: The setup for the age verification app is built on the same technical specifications as the European Digital Identity Wallet which will be rolled out next year. The five countries can customize the model according to their requirements, integrate into a national app or keep it separately. The landmark legislation, which became applicable last year, requires Alphabet's Google, Meta, ByteDance's TikTok and other online companies to do more to tackle illegal and harmful online content. EU regulators said the new guidelines would help online platforms to tackle addictive design, cyberbullying, harmful content and unwanted contact from strangers.
China

Much of the World's Solar Gear is Made Using Fossil Power in China (asiatimes.com) 275

China "accounts for more than half of global coal use," reports Asia Times, "even as it builds the world's largest solar-panel and EV industries." Much of the world's solar gear is made on fossil power. The International Energy Agency finds that "coal generates over 60% of the electricity used for global solar PV manufacturing," far above coal's ~36% share of typical grids. That is because over 80% of PV factories sit in Chinese provinces like Xinjiang and Jiangsu, where coal dominates the grid.

China has poured over $50 billion into solar factories since 2011, roughly ten times Europe's investment, cutting panel costs by about 80% and fueling a worldwide solar boom. But those panels were produced on coal. In one analysis, they repay their manufacturing CO2 in only months, meaning the emissions were dumped up-front in China's coal plants. Any major disruption to China's coal power or factories (from grid shocks to trade barriers) could thus send ripples through the global PV market.

China's coal and heavy industries also feed its clean-tech supply chain. Coal-fired steel mills supply the aluminum and metal parts for EVs and panels, and coal chemicals provide battery precursors and silicon for solar... At the same time, Chinese oil and gas giants (CNPC, Sinopec) have set up solar, wind and battery divisions, redirecting fossil profits into green ventures.

Another interesting statistic from the article: "In Thailand, Asia's long-time auto hub, Chinese EV brands now command more than 70% of EV sales."

Thanks to Slashdot reader RossCWilliams for sharing the news.
EU

Solar Was the Leading Source of Electricity In the EU Last Month (www.cbc.ca) 74

In June 2025, solar power became the leading source of electricity in the EU for the first time, surpassing nuclear and wind, while coal hit a record low. CBC reports: Solar generated 22.1 percent of the EU's electricity last month, up from 18.9 percent a year earlier, as record sunshine and continued solar installations pushed output to 45.4 terawatt hours. Nuclear followed closely at 21.8 percent and wind contributed 15.8 percent of the mix. At least 13 EU countries, including Germany, Spain and the Netherlands, recorded highest-ever monthly solar generation, [data from energy think tank Ember showed on Thursday.]

Coal's share of the EU electricity mix fell to a record low of 6.1 percent in June, compared to 8.8 percent last year, with 28 percent less electricity generated than a year earlier. Germany and Poland, which together generated nearly 80 percent of the 27-country bloc's coal-fired electricity in June, also saw record monthly lows. Coal accounted for 12.4 per cent of Germany's electricity mix and 42.9 percent of Poland's. Spain, nearing a full phase-out of coal, generated just 0.6 per cent of its electricity from coal in the same period.

Wind power also set new records in May and June, rebounding after poor wind conditions resulted in a weak start to the year. But despite record solar and wind output in June, fossil fuel usage in the first half of 2025 grew 13 percent from last year, driven by a 19 percent increase in gas generation to offset weak hydro and wind output earlier in the year. Electricity demand in the EU rose 2.2 percent in the first half of the year, with five of the first six months showing year-on-year increases. The next challenge for Europe's power system is to expand battery storage and grid flexibility to reduce its reliance on fossil fuels during non-solar hours, Ember said in the report.

EU

Jamie Dimon's Blunt Message for Europe: 'You're Losing' (cnbc.com) 181

An anonymous reader shares a report: JPMorgan Chase boss Jamie Dimon did not pull his punches when he spoke at Ireland's Department of Foreign Affairs.

"You're losing," he said of European competitiveness with the U.S. and Asia, in comments reported by the Financial Times. "Europe has gone from 90% U.S. GDP to 65% over 10 or 15 years. That's not good."

"We've got this huge, strong market and our companies are big and successful, have huge kinds of scale that are global. You have that, but less and less," Dimon said on Thursday.

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