Although the business anticipated no immediate substantial impact, Nvidia’s financial leader claimed that limits on artificial intelligence chip shipments to China “would result in a permanent loss of opportunities for the U.S. industry.” According to two people with knowledge of… Read More ›
Month: June 2023
US Is Considering Additional Export Restrictions On AI Chip Computing Power
U.S. authorities are considering strengthening an export control regulation aimed at reducing the amount of computational power that chips can have in order to reduce the flow of artificial intelligence chips to China, according to reports quoting people with knowledge… Read More ›
A UK Legal Organisation Suggests A New Property Law Category For Digital Assets.
Independent agency the Law Commission stated on Wednesday that the UK legal system may accept cryptocurrency assets by establishing a new category of personal property that would include digital assets. The Law Commission stated in a paper commissioned by the… Read More ›
Apple Opposes The Scanning Of Encrypted Communication Apps
Apple has criticised the Online Safety Bill’s provisions that would allow users of encrypted messaging services like iMessage, WhatsApp, and Signal to be forced to analyse conversations for references to child abuse. Its action follows a letter from 80 organisations… Read More ›
UK And EU Will Collaborate More Closely On Financial Services
The EU and the UK have agreed to cooperate further on financial services. It will create a forum where the EU and the UK may meet twice annually to talk about financial standards and regulation. The long-awaited action is viewed… Read More ›
Ford CEO Says Britain Should Adhere To EU Regulations To Keep Costs Down
According to the CEO of Ford, Britain should continue adhering to EU auto laws to prevent escalating consumer costs. Tim Slatter’s remarks come as automakers get ready for the first significant examination of Britain’s post-Brexit trade agreement with the EU…. Read More ›
New Regulations Seek To Rein Down Corporate Greenwashing
A new set of global regulations backed by the G20 will put more pressure on businesses to explain how climate change impacts their operations and will aid regulators in their efforts to combat “greenwashing.” The International Sustainability Standards Board (ISSB)… Read More ›
The US To Invest $42 Billion By 2030 To Ensure Universal Internet Access
In order to ensure that everyone has access to high-speed broadband by 2030, the White House on Monday distributed $42 billion to the 50 states and U.S. territories as part of a new marketing campaign for President Joe Biden’s economic… Read More ›
Rebel Russian Mercenaries Stop Their Assault On Moscow, And The Kremlin Claims The Soldiers Won’t Be Engaged In Combat
A significant challenge to President Vladimir Putin’s hold on power was de-escalated by heavily armed Russian mercenaries who had made it most of the way to Moscow. Their leader said that this action would prevent bloodshed. Yevgeny Prigozhin, a longtime… Read More ›
After The Weekend Mutiny, Investors Are Once Again Focused On Russia
When markets opened later on Sunday, some investors were keeping an eye out for any fallout from a failed mutiny that occurred in Russia on Saturday. They anticipated a shift towards safe haven assets like U.S. government bonds and the… Read More ›