Extremists stand to benefit from the problems the ruling coalition won’t solve.
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The oversupply of certain types of semiconductors is going to be a problem this year
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If Emmanuel Macron’s party botches the European elections in June, the French president will lose control of his three remaining years in office. Thus, he is doing what he does best: putting on a big show.
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The U.S. government’s efforts to stop Russia and China from using American equipment to boost their defense sectors have resulted in tough rules — but leaky enforcement. As a result, American-made tools keep turning up in Russian missile factories and in Huawei’s supply chain. With war in Europe and China threatening its neighbors, that’s just not good enough.
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The country is joining the European mainstream, with its political class struggling to counter rising far-right support and an economy that is no longer best-in-class.
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Thousands of workers at China’s state-owned enterprises are being paid their wages in the digital yuan – a digital currency which is issued by China’s central bank to help combat fraud.
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The first lithography tools were fairly simple, but the technologies that produce today’s chips are among humankind’s most complex inventions.
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The souring of relations between European capitals and Beijing represents a strategic opportunity for the U.S.
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The EU’s history is closely intertwined with the fate of its automobile industry. As China’s electric vehicles take the continent by storm, Paris has put forward a balanced proposition for how to save European producers. But to really make it work, Berlin and others have to follow.
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“We rarely think about chips, yet they’ve created the modern world,” writes the historian Chris Miller.
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The Chinese government believes that unlocking digital value is the key to furthering its technological, economic and geopolitical objectives. While digital payments may not be as tangible as semiconductors nor as controversial as next-generation telecommunications, they play a critical role in shaping international relations, trade, currency dynamics, and economic growth.
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The complex new rules are headed for a collision with U.S. tax treaties and low-tax nations.
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