Business and Technology
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.
Big Tech’s Meltdown
Wednesday, Oct. 25, was supposed to be a celebration for tech investors — the earnings report of two of the largest tech companies in the world exceeded expectations in both revenue and profit.
Russia Announces Rate Hikes Amidst Budget Constraints and Geopolitical Conflicts
On Friday, Oct. 28, the Bank of Russia announced an interest rate hike by 200 basis points, raising the rate to 15 percent, higher than most experts' predictions. The announcement is the fourth consecutive rate hike from Russia in response to weak rubles, inflationary pressure, and increased government spending.
Inside A Controversial British Healthcare Contract
The United Kingdom’s National Health Service has recently been exploring ways to improve its data management systems.
UAW Doubles Down On Strikes, With Growing National Consequences
United Auto Workers President Shawn Fain started the week by lauding productive talks with Ford, strikes by the UAW began to expand to other companies as the week progressed, as well as into some of Ford’s core facilities.
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.
How Israeli Start-Ups Are Shaping the Modern Battlefield in the Israel-Hamas Conflict
Prior to the war, Israel’s tech start-ups were already facing a rough year in funding due to the downfall of major lender Silicon Valley Bank, global recession trends, and rising borrowing rates.
To Boost Sales and Manufacturing in India, Apple Opens its First Store
On April 18, Apple celebrated the grand opening of its first Indian retail location in Mumbai. Two days later, Apple opened their second Indian location in Delhi.
Protest Continues in Berlin as Germany Shuts Down its Last Three Nuclear Plants
On Friday, April 21, a climate protest saw hundreds of activists from the group Last Generation gather at a major road east of Berlin.
Chat App Discord at Center of Investigations Concerning Pentagon Document Leaks
The popular chatting app Discord is in the midst of investigations concerning the leak of classified US intelligence by 21year-old First Class Airman Jack Teixeria.
Apple Joins Fellow Tech Giants by Falling Victim to the Layoff Epidemic
In response to the post-pandemic hiring binge and fear of a slowing economy, tech giants have decided to cut back on thousands of jobs.
The Biden Administration Prohibits the US Government’s Use of Commercial Spyware
On March 27, President Biden signed an Executive Order prohibiting any operational use of commercial spyware by US Government agencies due to national security and human rights risks.
Italy Bans ChatGPT As Tech Leaders Call For a Pause in AI Development
The first nationwide government regulation against ChatGPT rolled out on March 31, with Italy calling for a temporary ban of ChatGPT.
UBS to buy CS for $3.3 Billion Amidst Small-Medium Banks Crisis
On Sunday, March 19, UBS announced the acquisition of Credit Suisse in a 3.3 billion francs ($3.2 billion) Swiss-government-brokered deal, ending the Credit Suisse Crisis and the ongoing banking confidence collapse that has spread across the global financial market, especially in small-medium banks.
Collapse of Silicon Valley Bank reveals US Economy’s Instability
March 10 marked the second largest bank collapse in US history since the 2008 financial crisis as Silicon Valley Bank filed for bankruptcy.
The US Threatens to Ban TikTok Due to Perceived National Security Risks
On Wednesday, TikTok reported that the Committee on Foreign Investment in the US (CFIUS) called for ByteDance Ltd.-- the Beijing-based company that owns TikTok-- to sell their stakes in the company or else face a ban on the popular app in the US.
The Biden Administration Prepares to Regulate US Investment in Chinese Tech Firms
On Friday, March 3, the US trade and commerce departments released reports outlining regulations on outbound investments to firms that pose potential national security risks.
European Commission Reported Eased Eurozone Inflation Yet Higher Price
On Thursday, March 2, the European Commission's report indicated an eased inflation level in Europe from last month. However, the looming pressure on central bankers to raise interest rates still exists as the high prices have yet to show a sign of cooling down.
Netanyahu’s Proposed Judiciary Overhaul Is Rattling Israel’s Tech Industry
Israel’s tech industry leaders are taking steps to safeguard their businesses as Prime Minister Benjamin Netanyahu’s government pushes legislation that threatens to overhaul the judiciary system.
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.