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Trump Is Undermining Trust in Official Economic Statistics. China Shows Where That Path Can Lead
Wired
·
1d ago
Medial
U.S. President Trump undermines trust in economic statistics, firing top economist Erika McEntarfer after a disappointing jobs report, without evidence of misconduct. This action reflects a pattern seen in China, where manipulating data erodes governmental credibility. Critics argue Trump's policies negatively impact the U.S. economy. The incident raises concerns about the reliability of official economic metrics and the potential long-term consequences of political interference in statistical reporting.
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Nvidia’s win on chips reduces China tensions, raises questions on tech rivalry
Livemint
·
23d ago
Medial
Nvidia has received assurances that it can resume selling its H20 AI chips in China, signaling a potential shift in U.S.-China tech relations. This decision comes after restrictions imposed in April and could lead to de-escalation of tensions that have impacted markets. The announcement followed Nvidia CEO Jensen Huang's meeting with President Trump and coincides with his China visit, highlighting the ongoing dynamics in global tech rivalry and market stability.
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White House 2024: AI threatens to 'supercharge' disinformation
Economic Times
·
1y ago
Medial
The 2024 White House race in the US could be heavily influenced by tech-enabled disinformation, thanks to the use of artificial intelligence (AI). AI programs can create realistic videos and text, blurring the line between truth and fiction, and undermining trust in the electoral process. While AI can also boost efficiency in campaign operations, the spread of AI-generated disinformation poses a significant challenge. Americans are increasingly concerned about the impact of AI on the election outcome, with potential consequences for public anger and trust in the electoral process.
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India joins UN committee on Big Data for official statistics
YourStory
·
6m ago
Medial
India has joined the UN Committee of Experts on Big Data and Data Science for Official Statistics, highlighting its commitment to using data for informed decision-making. This membership enables India to align domestic advancements with global standards in Big Data, showcasing its leadership. By integrating non-traditional data sources, India aims to modernize statistical processes, enhance accuracy, and provide real-time insights for policy-making, addressing socio-economic challenges and improving governance.
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China probes Google moments after Donald Trump's tariff enter effect
Economic Times
·
6m ago
Medial
China launched an investigation into Google's alleged anti-trust violations and imposed new tariffs on U.S. goods shortly after President Trump implemented a 10% tariff on imports from Beijing, sparking a renewed trade conflict. China's measures include 15% levies on coal and natural gas, and 10% on oil and agricultural equipment, alongside export controls on tungsten-related materials. Consequently, the offshore yuan depreciated, impacting currencies like the Australian and New Zealand dollars amidst the ongoing economic dispute.
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Meta took advantage of teens’ emotions: Whistleblower
Economic Times
·
4m ago
Medial
Former Facebook director Sarah Wynn-Williams testified before US senators, revealing Meta's practice of targeting teenagers with ads based on their emotional state, such as when they felt low or insecure. Advertisers would exploit these emotions, prompting potential purchases. While Meta denied these claims, the hearing also touched on the company's alleged cooperation with China, where Wynn-Williams accused Meta of aiding China's AI developments, potentially undermining U.S. national security.
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Why downturns are a great time to start a business
Internet
·
3m ago
Medial
Economic downturns, while challenging, often represent unique opportunities for entrepreneurs. During recessions or market slowdowns, resources such as talent, capital, and real estate often become more accessible and affordable. Customer behaviors and business needs shift, creating new gaps and problems to solve. Companies that start during tough times tend to build lean, resilient models and focus on essential value, which can lead to stronger foundations and long-term success. History shows many iconic businesses were founded in downturns, proving that adversity can spark innovation and growth. Tap on 'View Source' to read the full article.
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Centre Looking To Tap Quick Commerce Data To Fathom Out Consumption Patterns & Economic Activity
Inc42
·
10m ago
Medial
The government is planning to gather data from leading companies in the e-commerce sector to analyze changes in consumer behavior and economic activity. This move is part of a larger effort to update official statistics and revise the national accounts' base year. The government aims to leverage data from platforms like Zepto, Blinkit, Instamart, and BigBasket to gain insights into consumption patterns, demand trends, and pricing dynamics across various consumer goods. These quick-commerce platforms are broadening their product offerings beyond groceries and FMCG items, making their data highly valuable.
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CIA allegedly made fake social media accounts to troll the Chinese government
The Verge
·
1y ago
Medial
The CIA reportedly initiated a covert operation in 2019 aimed at undermining Chinese officials and swaying public opinion against them. This operation involved leaked intelligence and negative news spread through social media platforms. The objective was to instill paranoia within the Chinese government and create doubt among the public. The program, authorized by former President Donald Trump, allegedly extended beyond China to influence public opinion in Southeast Asia, Africa, and the South Pacific, particularly targeting China's Belt and Road Initiative. The CIA declined to comment on the matter.
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A road less Chinese? India may find a strategic path through Kazakhstan
Economic Times
·
1m ago
Medial
India is exploring alternative trade routes to China's Belt and Road Initiative by considering the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. This route, spanning over 4,250 km of rail and 500 km of seaway, involves Kazakhstan, Azerbaijan, and Georgia, providing a less China-dependent path. TITR offers strategic and economic benefits, such as easing maritime congestion and aligning with India's International North-South Transport Corridor (INSTC), thereby enhancing India's regional connectivity and reducing reliance on China.
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China signals it is open to a deal keeping TikTok in US
Livemint
·
6m ago
Medial
China expressed willingness to cooperate with Donald Trump to keep TikTok operational in the U.S., modifying its prior stance against a forced sale. This comes amidst new U.S. legislation aiming to ban TikTok. The Chinese Foreign Ministry emphasized compliance with Chinese regulations for any deal. Notably, TikTok founder Zhang Yiming and Elon Musk, a key figure in the matter, have had discussions, potentially smoothing the path for negotiation and investment involving TikTok's U.S. operations.
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