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Meta Platforms has declined to sign the European Union's code of practice for the AI Act, citing concerns about overreach and legal uncertainties for model developers. The voluntary framework aims to help companies comply with the AI Act, including copyright protections and transparency requirements.
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News and Media
Despite President Trump's repeated calls for lower interest rates and his near attempt to remove Fed Chair Jerome Powell, the Federal Reserve is expected to hold steady at its upcoming meeting. Recent data indicates persistent inflation, complicating the case for a rate cut. The Fed's benchmark rate is anticipated to remain in the 4.25%-4.
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News and Media
In 2025, the US share of global equity flows has significantly decreased due to trade war concerns and doubts about American exceptionalism. Foreign inflows have slowed dramatically, influenced by President Trump's trade policies, fiscal deficit, and a weakening dollar.
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News and Media
A Russian lawmaker has advised WhatsApp to prepare for a potential exit from the Russian market, citing the likelihood of the messaging app being placed on a list of restricted software. This warning comes as Russia aims to reduce its reliance on foreign platforms and promote its own state-backed messaging app, MAX.
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News and Media
President Trump is preparing to implement industry-specific tariffs alongside country-by-country duties, starting August 1st. A 50% duty on copper is expected, followed by potential tariffs on lumber, chips, critical minerals, and pharmaceuticals. These sectoral tariffs, imposed on national security grounds, aim to reshape the US's global trading position and could cover a significant portion of imports.
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News and Media
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