The recent announcement by the U.S. government regarding stricter regulations on the export of artificial intelligence (AI) chips and technologies has sent ripples across the global tech landscape. The new rules aim to fortify the United States’ position as a leader in AI while attempting to limit access to advanced computing capabilities for nations identified
Politics
In a pivotal move reflective of both domestic and international stakes, the Biden administration has temporarily stalled a significant acquisition involving Nippon Steel’s $14.9 billion bid for U.S. Steel. This decision, which comes after President Biden initially blocked the sale citing national security concerns on January 3, highlights the intricate balance policymakers must strike between
In a significant turn of events, Vince McMahon, the former boss of World Wrestling Entertainment (WWE), has found himself embroiled in legal troubles with the U.S. Securities and Exchange Commission (SEC). Charged with breaching federal securities laws, McMahon’s case underscores serious implications not just for him, but for WWE and its stakeholders as well. This
In a significant political development for Lebanon, the appointment of General Joseph Aoun as the new president marks a distinct pivot in the nation’s longstanding power dynamics. This change comes amidst a backdrop of significant regional shifts, revealing the complexities surrounding Lebanon’s governance and the ongoing struggle between domestic factions and external influences. On Thursday,
In a revealing exit interview, Treasury Secretary Janet Yellen addressed the intricate dynamics of inflation in the United States following the Covid-19 pandemic. Yellen acknowledged that while the substantial stimulus measures, such as the $1.9 trillion Covid relief bill enacted under President Joe Biden, might have contributed minimally to inflation, the principal factors driving price
In a significant move for the American tech infrastructure landscape, President-elect Donald Trump announced a groundbreaking $20 billion investment initiative aimed at establishing new data centers across the United States. This bold plan is spearheaded by Hussain Sajwani, an Emirati billionaire and founder of DAMAC Properties, who revealed his dedication to enhancing the U.S. economy
A storm is brewing within the ranks of the Canadian Liberal Party, as Prime Minister Justin Trudeau appears poised to make a significant announcement regarding his leadership. Sources close to the situation suggest that Trudeau is contemplating stepping down after nearly a decade at the helm, a move that could send shockwaves through Canadian politics.
In an increasingly polarized media environment, the departure of Ann Telnaes, a Pulitzer Prize-winning cartoonist from The Washington Post, underscores a growing concern regarding editorial autonomy and the pressures exerted by corporate entities on artistic expression. Telnaes’s exit, triggered by the rejection of a satirical cartoon that criticized billionaire magnates in relation to President-elect Donald
This Saturday, a prestigious ceremony at the White House will spotlight 19 distinguished individuals from various sectors, honoring their unparalleled contributions to American society and beyond. President Joe Biden will present the Presidential Medal of Freedom, the nation’s highest civilian award, recognizing both historical and contemporary figures who have made significant impacts in politics, sports,
In a recent outburst on social media, President-elect Donald Trump voiced his dissatisfaction with the United Kingdom’s Labour government’s energy tax policy, particularly criticizing its windfall tax on oil and gas producers. Trump’s commentary emerged in reaction to a report detailing Apache Corporation’s decision to end its operations in the North Sea by 2029, citing