Business and Technology
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.
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.
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.
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.
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.
Crypto Companies Around the World Face Aftermath of FTX Collapse
The collapse of the crypto exchange FTX on November 11th sent shockwaves through the crypto industry.
Giant Offshore Wind Farms Show Potential to Replace Jobs and Revive Local Economies in Scotland
The United Kingdom plans to expand offshore wind energy within the next decade.
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.
Elon Musk’s Twitter Must Abide by EU Rules to Continue Operating in Europe
This Friday, multi-billionaire tech mogul Elon Musk closed his $44 billion Twitter deal, prompting EU official Thierry Breton to warn Musk that Twitter must abide by EU standards regardless of Musk's ambitions for the platform.
Despite Twitter Controversy, Elon Musk’s SpaceX Will Continue to Fund Crucial Ukrainian Internet Service
Elon Musk, multi-billionaire CEO of Tesla and SpaceX, tweeted Saturday that he plans to continue funding SpaceX’s internet service, Starlink, “for free” for the Ukrainian government.
Why Is Japan Trying to Build a 6th Generation Fighter Jet?
Article 9 of the Japanese constitution imposed by the US after the Second World War limits Japan’s military strictly to defense.
China’s Quantum Computing Research Faces Sweeping Challenges from US Export Rules
The Biden administration announced extensive new export rules on the sale of semiconductor technologies to China on Friday, escalating tensions in the technology race between the US and China.
The new wave of rules bans companies from selling advanced computer chips used in AI or supercomputing produced using US technology or machinery to China. Additionally, US companies are now banned from selling chip-producing machinery to China without a license and shipment of chips used for supercomputer systems to China will be banned.
Future of the UK’s Tech Industry
As the birthplace of the industrial revolution, the United Kingdom became the global leader in technological advancement for centuries. From 1750 to 1850, the UK produced over 60% of global carbon emissions due to its technological preeminence. However, the UK has taken a backseat to the US and East Asia in technological leadership in recent decades.
Russia's Court Ruling Fines Social Media for LGBT and Pro-Ukraine Propaganda
On Tuesday, Oct. 4th, the Tagansky district court of Moscow ruled that they will fine TikTok and Twitch for failure to comply with propaganda laws. The court fined Tiktok after the Beijing-based tech company failed to delete "LGBT" content on the platform, which violated the existing "gay propaganda" law.
Every Business In America Can Get $100K in Tech Training from Google
The need for digital skills is heightening, and tech giants like Google offer companies free access to courses aimed at improving their employees’ skills. Google has quite the established plan, offering $100,000 worth of online courses in technical skills like data analytics and design to any American business.