The FCC has officially banned new foreign-made drones and components from entering the US market, citing national security risks. While existing drones are safe, the move reshapes the competitive landscape and puts pressure on domestic manufacturers.
President Trump says he’ll sign an executive order this week to stop states from creating their own AI regulations. The move comes after a Senate effort to preempt state laws failed and has drawn criticism from prominent Republicans.
A massive lobbying battle is underway over whether AI should be regulated at the federal or state level. Two coalitions have raised over $150 million to influence the outcome. The fight centers on whether states can set their own rules or if a single federal framework should prevail.
European lawmakers are pushing for a major shift in how kids access social platforms. The proposal would require age verification for all users, raising serious privacy concerns.
An FT investigation found Iranian military scientists using UK-made radiation detection equipment from Centronic in their nuclear research programs. The components appear in equipment marketed by companies linked to Iran’s sanctioned nuclear weapons development organization. This reveals how Iran’s
The UK Treasury is reportedly asking banks to make prominent public endorsements of this week’s Budget after chancellor Rachel Reeves decided against hitting the sector with higher taxes. Banks had warned they would curtail lending if faced with additional levies, and now officials expect positive c
Thailand’s newly-appointed central bank governor Vitai Ratanakorn says the baht should be weaker to reflect economic fundamentals. The currency has gained around 5% this year, making it Asia’s second-best performer.
Federal prosecutors have charged four individuals with illegally exporting Nvidia GPUs to China through falsified documents and fake contracts. The scheme allegedly generated nearly $3.9 million in payments from Chinese companies. One suspect served as CTO of AI company Corvex.
Britain has quietly developed the most progressive tax system in the developed world, with top earners paying 45% in taxes versus 29% for average workers. This 16-point gap exceeds Scandinavian countries and represents a dramatic shift from 15 years ago. The system combines high taxes on the wealthy
Instagram reels glorifying Hitler and denying the Holocaust are racking up millions of views and generating real money for creators. The surge follows Mark Zuckerberg’s decision to relax content moderation earlier this year.
