AI regulation
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Friday, November 6
Germany Buys Half of KNDS, Paraguay Bank Collapse, AI Regulation Fears Hit Tech
Berlin has agreed in principle to take a 50% stake in tank maker KNDS, while Tagesschau and Die Welt both covered the collapse of Paraguay’s digital bank Ueno. Der Spiegel tracked how fears of tougher AI rules after the US midterms triggered a tech sell-off that spilled over to Infineon and Hochtief.
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AI Crackdown Fears Hit Tech, New Cuba Sanctions, ARMs Revisited: US Press Compared
Two days after Democrats swept the midterms, fears of tighter AI rules triggered a broad tech sell-off that spread to chipmakers in South Korea, Japan and Taiwan. On the policy front, Secretary Rubio widened Cuba sanctions and a federal judge halted Trump’s arch, while high mortgage rates are pushing some borrowers to revisit adjustable-rate loans.
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Nikkei Falls Below 60,000, Japan’s Consumption Tax Cut Bill and an Okinawa Council
Tokyo stocks suffered one of their largest point drops on record on November 6 as fears of tighter US AI regulation after the midterm elections hit chip and AI names. The lower house passed a consumption tax cut bill, though several LDP lawmakers including former Prime Minister Ishiba walked out before the vote. An Okinawa…
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Thursday, November 5
Golfzon County sale fight, Korea’s ₩2.9tn basic research budget, special counsel bill
On Nov 5, Korean dailies split their attention across governance fights, the fallout of the US midterms and a heated National Assembly. Chosun Ilbo followed an activist push over the Golfzon County sale, Hankyoreh tracked Hoban’s rise to largest shareholder of Hanjin KAL, and Hankook Ilbo looked at AI-regulation hawks winning despite Elon Musk’s spending.…
