Business and Technology
The Business and Technology Section of IR Insider publishes breaking news reports and analyses regarding developments relating to the U.S. and World Economy. Topics covered may include the global debt crises, changes to tech and privacy policies, updates on U.S. foreign trade, and ratification of economic treaties and sanctions. Additionally, news and data on world financial markets and leading banking institutions will be discussed. The section editor is Elaine Lang.
EU’s Decision on Chinese EVs and Germany’s Response
On Friday October 4, 2024, the European Union (EU) finished voting on the proposed tariffs on Chinese electric vehicles (EVs). While countries like Hungary and Germany vocally disagreed to this proposition, a majority of EU countries had already voted in favor of the tariffs. The tariffs are only the beginning of a potential long-lasting economic cold war between China and the West.
Testing Economic Alliances: The US and Europe fail to move past Trump-Era Tariffs
The United States and Europe have historically been close allies, sharing common values, strategic interests, and extensive economic ties. However, Biden’s reluctance to eliminate the existing trade tariffs imposed by the former Trump administration has caused a rift between the two economic powerhouses.
China's Trade Activities Show Slower Decline; Deflationary Pressure Remains
The State Council of China released the national trade report for September 2023, which signaled a slowdown in the previous export slump. But concerns for policymakers remain as lingering deflationary pressure still challenges economic recovery.
Unpacking the AI chatbot race: How have tech giants fared against Microsoft’s ChatGPT?
Almost three months after its creation, Microsoft’s ChatGPT has become the face of technology’s latest innovations in artificial intelligence, launching thousands of high-performance, AI-powered search engines.
China Uses Sophisticated Surveillance Technology to Track Down and Intimidate Protestors
China’s pervasive technological surveillance system implicated numerous people present at last week’s widespread protests against Zero Covid policies. Methods of tracking protestors include facial recognition technology and tapping into and collecting data from iPhones present at protests.
USA's Newest Round of Trade Restrictions against China
As tensions continue to heighten between the US and China, the US has unleashed its latest restrictions on Chinese technology.