policy - CybAI news

21 Oct

US Government Says Relying on Chinese Lithium Batteries Is Too Risky

stp2y0 CommentsRAG modelschina, energy, Government, policy

Analysts at the US Department of Homeland Security shared an internal report to local agencies in August, warning them about the economic risks of using Chinese utility storage batteries. It warns that the dependence on Chinese batteries could hurt developing a secure supply chain in the US.The document, first obtained by national security transparency nonprofit Property of the People and seen by WIRED, accuses Chinese companies of “using People’s Republic of China state support to quickly and cheaply enter the emerging US utility battery energy storage industry and create supply chain dependencies on China,” and asks that any suspicious activity…

18 Aug

Political Turmoil Threatens Baht Resurgence as Traders Await BOT

stp2y0 CommentsRAG modelsCREDIT AGRICOLE SA, Currency, Emerging Markets, Interest Rates, JULY SARL/CAEN, policy, Technology, Thai Baht Spot, Thailand, Tourism, US Dollar Spot

The Thai baht’s recent rally is under threat as markets digest the nation’s latest political drama ahead of this week’s central bank policy meeting.The baht has been one of the region’s top performing currencies since the start of July - aided partly by a reboundBloomberg Terminal in tourism - after hitting a near two-year low against the dollar in May. The resurgence may be derailed however, following a tumultuous period that included Paetongtarn Shinawatra winning a parliamentary vote to become the new prime minister, while a court ousted her predecessor. Source link lol

17 Aug

Asia’s Utility Stocks Have Never Had It So Good in Two Decades

stp2y0 CommentsRAG modelsartificial intelligence, Asia, china, india, japan, policy, stocks, Technology, TORRENT POWER LTD, Utilities, YTL CORP BHD

Utilities stocks have emerged as an unlikely favorite of investors in Asia, and bets are growing that their standout rally this year has further to go.Powering the sector’s boom after two years of losses are supportive local policies and the frenzy surrounding artificial intelligence, which is causing a dramatic increase in electricity demand in many parts of the world. As concerns grow about a potential global economic slowdown and rising geopolitical tensions, utilities firms’ high dividend payouts and the defensive nature of their stocks are also being touted as tailwinds. Source link lol

16 Aug

Texas Instruments Wins $4.6 Billion in Chips Act Grants, Loans

stp2y0 CommentsRAG modelsAsia, construction, INTEL CORP, jobs, policy, science, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Texas, TEXAS INSTRUMENTS INC, Utah

Texas Instruments Inc. is set to receive $1.6 billion in Chips Act grants and $3 billion in loans, the Biden administration announced Friday, marking the latest major award from a program designed to boost American semiconductor manufacturing. The funding will help pay for one factory in Utah and two in Texas — projects that will cost about $18 billion through 2029 — the Commerce Department said in a statement. The effort is expected to generate around 2,000 manufacturing jobs and thousands more in construction. Source link lol

16 Aug

Chinese Tech Stocks Rally as JD.com Spurs Earnings Optimism

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Bear Market, china, E-commerce, Earnings, HANG SENG INDEX, JD.COM INC-ADR, policy, stocks, Technology, TENCENT HOLDINGS LTD

Chinese technology stocks gained as resilient earnings from major e-commerce firms helped soothe concerns over weak consumption. The Hang Seng Tech Index rose as much as 2.2%, poised for its best day in August. JD.com Inc. contributed to about a third of the index’s gains after shares jumped more than 9% following a strong profit beat. Alibaba Group Holding Ltd. rose over 4% as traders focused on positive elements of its mixed results. Source link lol

14 Aug

Google Play ‘Can Do Better’ on Faster Antitrust Fix, Judge Says

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, apps, california, EPIC GAMES INC, europe, FASTER, law, policy, san francisco, Technology

A California federal judge said he will order Alphabet Inc.’s Google to open up its app store in the coming weeks and chided the tech giant for not accepting a jury verdict that it monopolized Android app distribution and billing.Jurors in December sided with the maker of the popular video game Fortnite and concluded that Google unlawfully abused its power over Android apps, which brought in $14.66 billion in revenue in 2020 for the tech company. US District Judge James Donato in San Francisco is now deciding what policy changes Google must make to comply with federal antitrust law. Source…

13 Aug

Coinbase Returns to Hawaii Seven Years After Exiting Market

stp2y0 CommentsRAG modelsbitcoin, blockchain, business, COINBASE GLOBAL INC -CLASS A, cryptocurrencies, cryptocurrency, Faryar Shirzad, Hawaii, Markets, policy, regulation, SEVEN, Technology, US Securities and Exchange Commission

After a seven-year absence, Coinbase Global Inc. said it will resume offering crypto services to residents of Hawaii, the only state where it didn’t operate. The biggest US digital-asset exchange credited changes in local regulatory guidance with its decision to return to the Aloha State, which is home to about 1.4 million people. Hawaiians will now be able to trade cryptocurrencies and earn interest on their holdings through staking, a process where tokens are used to facilitate blockchain transactions, the San Francisco-based company said in a blog post Tuesday. Source link lol

13 Aug

Shein Hires Former EU Official to Bolster Lobbying as IPO Nears

stp2y0 CommentsRAG modelschina, Christian Democratic Union of Germany, environment, europe, germany, IPOs, london, Markets, PDD HOLDINGS INC, policy, regulation, Technology

Shein has enlisted a former top European Union official to bolster its lobbying efforts across the region, taking a more active stance toward potential regulatory scrutiny as it plans a stock market debut in London.The online fashion retailer hired former EU budget commissioner Günther Oettinger as a consultant to help it navigate the bloc’s policy environment, a company representative said. Shein faces a raft of issues including a debate whether to impose customs duties on cheap parcels — a potential game-changer for Shein and other low-cost online retailers like PDD Holdings Inc.’s Temu. Source link lol

12 Aug

Instagram Views for Major Accounts Drop With Meta Shunning Politics

stp2y0 CommentsRAG modelsAdam Mosseri, elections, Executives, Hillary Clinton, META PLATFORMS INC-CLASS A, policy, politics, social media, Technology, war, Women's Rights

A new study found that several prominent, progressive Instagram accounts saw their reach decline by 65% on average in the months following Meta Platforms Inc.’s move to subdue political content on the app.Over a roughly three-month period following the policy’s rollout in early March, researchers at Accountable Tech, a social media integrity nonprofit, gathered viewership data for five prominent Instagram accounts with a collective following of 13.5 million people, including those of Hillary Clinton and GLAAD, an LGBTQ activist group. Researchers found that posts from those accounts, which heavily feature topics such as voting information, reproductive rights and advocacy for…

09 Aug

The Olympics’ Hostile Architecture Is a Preview of What’s to Come

stp2y0 CommentsRAG modelsarchitecture, cities, design, homelessness, olympics, Paris, policy, sports

On a graffiti-stained sidewalk in Paris, a strange sight appeared days before the Olympic opening ceremony in July: Around 40 giant cement Lego-like blocks in neat rows beneath the Pont de Stains, a bridge in the northern suburb of Aubervilliers that connects two Olympic sites, the Stade de France and the Parc des Nations.This place used to be a homeless encampment, where around 100 people, many of them migrants, lived in tents. Then on July 17, the police arrived and instructed everyone to leave, as part of a cleanup operation in which authorities put homeless people, members of the Roma…