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The Reality Behind Governments' Push for Local Cloud Centers

With great power comes great responsibility, and governments are held to higher standards when it comes to data protection and security.  Cloud centers have ushered in a new era of business operations, allowing companies to be more agile, flexible, and cost-effective. However, for the government and public sector, cloud adoption has been a plus to […]

EU Seeks to Arrest Industry Decline in Green Transition

The European Union is a global frontrunner in cutting carbon emissions but is also moving to ensure the green transition doesn’t make it an industrial desert, with a raft of measures due to be announced next week. Europe’s industrial competitiveness in relation to the United States and China, the world’s two biggest economies, has become […]

Britain Talking to EU and US Over Inflation Reduction Act Concerns

British Prime Minister Rishi Sunak said on Friday he was talking to the United States and European Union about the U.S. Inflation Reduction Act amid concern it could make European markets uncompetitive. There are concerns in Europe that the United States’ $369 billion of subsidies for electric vehicles and other clean technologies could put companies […]

U.S. Seeks Closer India Tech Ties; No China "Decoupling"- U.S. Commerce Secretary

India could become a key supplier of electronic parts and hardware for the United States, U.S. Commerce Secretary Gina Raimondo said on Friday, adding that Washington was not seeking a “technological decoupling” from China. Raimondo’s visit to New Delhi comes amid increasingly tight U.S. export restrictions on chipmaking technology to China which Washington says are […]

Main Street Investors Pressure SEC, Confront Wall Street on Stock Plan

Main Street investors are facing off against Wall Street in an attempt to sway the U.S. Securities and Exchange Commission in its proposed revamp of stock trading. Individuals coordinating online have flooded the SEC with more than 1,300 comment letters, mostly voicing their support, on rules the regulator proposed in December that represent the biggest […]

Factbox - What to Look for at China's NPC Meeting of Parliament

China’s rubber-stamp parliament, the National People’s Congress (NPC), wraps up on Monday, capping what is expected to be the biggest government reshuffle in a decade after setting a modest target for annual economic growth. Coming months after President Xi Jinping secured a norm-breaking third term as supreme leader, the sessions will further consolidate his authority […]

Europe's Lenders Sucked Into Global Banks Rout

A dramatic sell-off in U.S. bank stocks spilled over into Europe on Friday, as some of the region’s biggest banks saw their shares tumble in their largest decline in nine months. Europe’s STOXX banking index fell more than 4% and was set for its biggest one-day slide since early June, with declines for most major […]