On 9 August, US President signed order limiting investment in sectors like semiconductors, quantum tech & AI. Beijing calls move ‘blatant economic coercion & technological bullying.’
The lesson we seem to have learnt is that we should not bother with exporting goods if our remittances and service exports can help us keep our current account deficit modest.
Post-2022 as AI has spread in developed economies, it is leading to another round of polarisation—the middle class jobs are being lost in offices rather than in factories.
The fifth S-400 air defence system is undergoing various stages of production trials, and will be delivered by November-December this year, it is learnt.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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