Case number AT. 40462 On 17/07/2019, the Commission decided to initiate antitrust proceedings in case AT.40462 Amazon Marketplace. The proceedings […]
According to Iran Daily, the Iranian government amended its regulations on cryptocurrencies to allow them to be exclusively used for funding imports, at a time of increased pressure on the country’s FX reserves. The move is illustrative of a tendency among a number of Petrostates like Russia, Kazakhstan and Venezuela to support through energy subsidies. the development of a homegrown crypto-currency mining. It could allow these countries to hedge and ultimately to significantly lower their exposure to the US dollar and US financial institutions. The Iranian move also shows that crypto-mining is an emerging global industry in its own right which has moved from being considered as an outcast to being treated as a strategic asset.
The measures taken by the Trump Administration against Chinese technology firms go far beyond Huawei. The latest casualty is SMIC, China’s flagship semiconductor fabrication firm. China’s semiconductors industry is now having difficult times. The US-China dispute has morphed into a commercial embargo against Chinese semiconductors industry. It involves non-Chinese and non-US companies, first and foremost Taiwan’s TSMC and Korea’s Samsung. It could have far reaching consequences, leading to a new restructuring of this global industry.
Revisiting George Kennan’s Containment Argument In February 1946, George Kennan, then an American diplomat in Moscow, sent his famed “Long […]
Biden’s plan for a Clean Energy Revolution and Environmental Justice is a watered down and more realistic version of the Green New Deal championed by Bernie Sanders and Alexandra Ocasio-Cortez (AOC). It aims to reach net-zero emissions no later than 2050, which would put US environmental ambitions on par with the latest Green Deal proposal put forward by the European Commission, through a legislative enforcement mechanism in 2021 that would achieve legally-binding emissions reductions. We analyze the general philosophy, the technical measures and the potential impact of this plan.
The 2020 US presidential election will probably be remembered as one of the most tense electoral contests in the nation’s history. […]
More than a decade after the invention of Bitcoin in 2008 by a group of techies using the name Satoshi Nakamoto and almost three years after the Great Crypto Crash of 2018, crypto-currencies and digital assets are finally coming of age. A few countries are spearheading the global regulatory effort by focusing on the opportunities associated with the crypto revolution in what looks increasingly like a fierce global competition to replace the traditional foundations of money, banking and finance with new principles and procedures.
The Congressional Budget Office published this week its annual Long-Term Budget Outlook presenting its projections of what federal deficits, debt, spending, and revenues would be for the next 30 years if current laws governing taxes and spending generally did not change. Federal deficits are projected to increase from 5% of gross GDP in 2030 to 13% by 2050. The projected budget deficits would boost federal debt to 104% of GDP in 2021, to 107% of GDP – the highest in US history – in 2023, and to a whopping 195% of GDP by 2050.
For someone with a such a personal and professional interest in the future of the Middle East and North Africa […]