Business and Technology
Oil Prices Slide Despite Casualty in Poland and Explosive Evidence at Nord Stream
On Friday, Nov. 18th, the U.S. oil benchmark, West Texas Intermediate, slid to $80 per barrel.
South Korea Emerges as a Major Arms Supplier to Poland
In recent months, Poland has undertaken an effort to modernize its military.
Apple Shifts iPhone Production to India Amid Concerns About China
As Apple looks to shift production away from China due to a series of economic and political misfortunes, they have begun to move larger amounts of iPhone production to India.
US Justice Department Finds Crypto Exchange Binance Facilitated Flow of $7.8 Billion from Iranian Firms
Last week a US Justice Department Investigation revealed that the leading crypto exchange, Binance, has helped trade almost $8 billion worth of transactions from Iranian firms since 2018.
German Chancellor Sided with China and Put Business First During Friday's Beijing Visit
On Friday, Nov. 4t, German Chancellor Olaf Scholz and top executives visited Beijing to meet with President Xi Jinping, who assured mutual cooperation to speed up the approval process for the BioNTech vaccine in China in exchange for a green light for Chinese vaccines in the EU.
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.
Construction Begins On Saudi Arabia’s latest Mega-Project
In recent weeks, construction has begun on Saudi Arabia’s latest mega-project. As a part of grand visions for a post-oil world, Saudi Arabia has poured trillions into projects that often seem unrealistic and draw international criticism, with the latest project appearing unrealistic even by the country’s ambitious standards.
StabilityAI's Recent Fundraising In Context
Stability AI raised $101 million this month to fund greater computing capacity and various other operational costs. This funding will back the company's efforts to provide open-source generative AI models, such as the firm's recently successful Stable Diffusion text-to-image model.
World's Largest Chip Maker Suspends Production for Chinese Start-up Amid US Regulation
On Saturday, October 22nd, TSMC (Taiwan Semiconductor Manufacturing Co.) announced that it has suspended all production for China-based Biren Technology to comply with recent US regulations banning US-based companies from exporting semiconductors used for AI to China, according to Bloomberg.
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.
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.
Landmark Bill Targets Social Media and Big Tech's Misinformation Spreading
The European Union reached an agreement on Saturday to push new legislation to force global tech companies to tackle the misinformation problem on their social media platform products. The law, the Digital Service Act, will require companies to not only actively combat the misinformation threat, but also be transparent about the harm of divisive content and stop targeting certain advertisements for ethnicity, religion, or sexual orientation.
Examining Japan’s Technological Stagnation
Post-World War II, Japan shocked the world with unprecedented economic growth. This growth was fueled by technology transfers from the West, endogenous technological innovation, and the birth of political institutions which facilitated economic growth through industrial policy.
Biden Opens Public Lands for Drilling to Tackle Gas Crisis amidst Russo-Ukraine War
On Friday April 15, the Biden administration officially announced to resume opening public lands for drilling under the pressure to lower gas prices. The new policy series will resume the previously halted sales of leasing for oil and gas drilling on public lands. However, companies who are going to pursue such a lease will have to pay more federal royalties.
Norway On Track to Become the Next Industrial Tech Hub
Norway is home to Kahoot!, one of the most popular game-based learning platforms, which originated in Oslo almost a decade ago. Now, the Scandinavian country is seeing a rise in successful tech ventures, particularly in the industrial field.