EU’s Ribera Calls for Regulatory Consistency Amid Rising Tensions with the US The transatlantic relationship between the European Union and the United States has long been a cornerstone of global stability and prosperity. However, recent years have seen increasing tensions between the two economic powerhouses, largely due to the disruptive policies of the Trump administration. […]
Brazil denies reports of tech tax in response to US tariffs
Brazil Denies Reports of Tech Tax in Response to US Tariffs Brazil’s tech industry breathed a sigh of relief as the government officially denied reports of imposing a tech tax in response to US tariffs. The speculations were put to rest by Fernando Haddad, who emphasized that the government would only act based on concrete […]
Sberbank to collaborate with China on AI projects
Sberbank and China Join Forces to Advance Cost-Effective AI Solutions Amid Geopolitical Tensions In a bold move that could potentially reshape the landscape of artificial intelligence (AI) development, Sberbank, Russia’s largest bank, has announced a groundbreaking collaboration with China. The partnership aims to advance the development of cost-effective AI solutions, a crucial step in the […]
Shein Vendors Fear Thin Margins Will Vanish Under New USPS Rules
Shein Vendors Fear Thin Margins Will Vanish Under New USPS Rules The landscape of international e-commerce is facing a potential upheaval as the US Postal Service wavers on its treatment of inbound packages from China. This uncertainty is sending ripples of concern through vendors associated with popular Chinese e-commerce platforms like Shein and Temu. The […]
Mexico, Canada and China Hit Back Against Trump’s Trade Tariffs
Mexico, Canada, and China Respond Firmly to Trump’s Trade Tariffs President Donald Trump’s recent announcement of new tariffs has sent shockwaves through the global economy, particularly affecting Mexico, Canada, and China. The decision to impose a 25% levy on imports from Mexico and Canada, as well as an additional 10% levy on Chinese goods, has […]
Norway’s central bank invests in MicroStrategy
Norway’s Sovereign Wealth Fund Dives into Cryptocurrency with MicroStrategy Investment Norway, known for its robust economy and forward-thinking financial strategies, has made a significant move by investing in MicroStrategy, a prominent player in the cryptocurrency market. The country’s sovereign wealth fund, one of the largest in the world, has recently acquired a 0.72% stake in […]
Global Interest in Central Bank Digital Currencies Surges with 134 Countries Exploring the Technology
A recent report reveals a remarkable increase in the global interest surrounding central bank digital currencies (CBDCs). As of now, a staggering 134 countries are exploring this groundbreaking technology, an impressive jump from just 35 nations involved in 2020. The report, published by the Atlantic Council, indicates that over 65 countries, including major players such […]